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Walgreens rebranding embraces old, new

Walgreens rebranding embraces old, new

In an era when brand image all too often oversells what it is supposed to represent, Walgreens finds itself in the enviable position of updating its identity to better reflect its very real merits and the combination of continuity and change that characterizes the drug chain. The first public step in the process occurred early

Retail pharmacy loses one of its pioneers

Retail pharmacy loses one of its pioneers

With the death of Murray Koffler at the age of 93 earlier this month, one of the master builders of retail pharmacy passed from the scene. Beginning with two independent drug stores in Toronto that he inherited from his father, Koffler created Shoppers Drug Mart, long the dominant pharmacy chain in Canada — now with

Independent drug stores hold their own in Rx market

Independent drug stores hold their own in Rx market

More often than not, independent drug stores are overshadowed by the big retail chains. While it’s understandable why individual pharmacists who own one or two locations do not receive the same level of attention as the top pharmacy operators, the largest of which each have thousands of stores across the United States, in the aggregate

Retail Rx gets out ahead of Amazon

Retail Rx gets out ahead of Amazon

Speculation about the possible entry of Amazon into the prescription drug business has been abundant in recent weeks. Financial analysts and journalists have generated a steady stream of reports about what is planned by the e-commerce powerhouse which, beginning with books 23 years ago, has succeeded in disrupting established business patterns in one merchandise category

Addition of Crawford is well-timed for Rite Aid

Addition of Crawford is well-timed for Rite Aid

September was an eventful month for Rite Aid Corp. In the wake of belated action by the Federal Trade Commission, the company moved quickly to dispel doubts about its future direction and begin the challenging task of operating more profitably from a smaller store base. Rite Aid had been under a cloud of uncertainty for

Pharmaca ready to put concept to new test

Pharmaca ready to put concept to new test

Since its founding in Boulder, Colo., 17 years ago, Pharmaca Integrative Pharmacy has honed its singular vision of drug store retailing in five western states, viewed as particularly conducive to the pairing of traditional pharmacy services with natural and complementary health and beauty solutions. The company is now intent on demonstrating that its holistic approach

Cardinal has tools to make health care work better

Cardinal has tools to make health care work better

DUBLIN, Ohio — Cardinal Health is prepared to play a significant role in meeting the challenge of expanding access, improving patient outcomes and lowering costs in health care, said chairman and chief executive officer George Barrett. With its integrated offerings, Cardinal Health is an essential partner for pharmacies, physicians’ offices, hospitals and other providers in

Retailers seek insights in changing landscape

Retailers seek insights in changing landscape

The dynamism of the retail industry’s most active, innovative and forward-thinking members is raising the stakes for everyone in the field. Major developments with potentially far-reaching implications for the way consumers shop are occurring at an unprecedented rate. In just the past few weeks, Walmart and Amazon.com Inc. have ratcheted up the pressure on their

Renewed energy surrounds Walgreens brand

Renewed energy surrounds Walgreens brand

DEERFIELD, Ill. — Walgreens has always viewed itself as a customer-led organization. The guardian of that positioning in its modern manifestation is Adam Holyk. As senior vice president and chief marketing officer, he is responsible for the company’s approach to staying in touch with the people who shop the drug chain, both in its stores

Entrepreneur on health and the CPG industry

Entrepreneur on health and the CPG industry

Daymond John is the quintessential entrepreneur. Most widely known for his role on ABC TV’s “Shark Tank,” he put himself on the map in the business world with the creation of FUBU, the Hip Hop-inspired fashion brand that he started with a $40 investment and is now a $6 billion enterprise. John’s record of accomplishment

Walgreens fine-tunes the front end

Walgreens fine-tunes the front end

DEERFIELD, Ill. — Joe Hartsig, the new chief merchant at Walgreens, is taking one of the guiding principles established 116 years ago by the drug chain’s founder, Charles R. Walgreen, and updating it for 21st century shoppers. The idea “we believe in the merchandise we sell” is being recast as “we believe in the experience

NACDS stays course amid disarray in Washington

NACDS stays course amid disarray in Washington

The confusion and anxiety unleashed by Republican efforts to repeal and replace the Affordable Care Act are unlikely to be put to rest anytime soon, despite the collapse of the Senate leadership’s repeated attempts to secure enough support to enact a bill undercutting President Obama’s signature domestic achievement. After the Republican-controlled chamber failed to pass

Dollar General tabs Reiser as chief merchant

GOODLETTSVILLE, Tenn. — Dollar General Corp. has named Jason Reiser as its next executive vice president and chief merchandising officer. Currently executive vice president and chief operating officer at The Vitamin Shoppe, Reiser will join the dollar store chain July 12. Reiser will replace Jim Thorpe, who recently retired from Dollar General, which operates some

Retail turmoil opens the door for innovation

Retail turmoil opens the door for innovation

Ralph Waldo Emerson wrote, “People wish to be settled; only as far as they are unsettled is there any hope for them.” To the extent that Emerson’s insight is applicable to the grocery business, retailers vying for a share of the nation’s $800 billion a year in food and beverage sales, a contingent that includes

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