ECRM_1170x120_4-15-17

Jean Coutu has strong close to 2017 fiscal year

Jean Coutu has strong close to 2017 fiscal year

VARENNES, Quebec — Jean Coutu Group saw retail and corporate sales climb for the fourth quarter and full year of fiscal 2017. Adjusted earnings per share also were in line with analysts’ expectations, with year-end EPS topping the consensus estimate. Jean Coutu Group said Thursday that for the 14-week fourth quarter ended March 4, revenue

Albertsons earns kudos for MTM services

Albertsons earns kudos for MTM services

BOISE, Idaho — Albertsons Cos. continues to exhibit excellence in medication therapy management (MTM). The food and drug retailer said Wednesday that OutcomesMTM has named it the “Top Large Pharmacy Chain” in MTM for the first quarter of 2017. This comes after OutcomesMTM, a Cardinal Health subsidiary, recognized Albertsons as a “2016 Top Large Pharmacy

Study: Expanded Rx services in Canada could save billions

Study: Expanded Rx services in Canada could save billions

OTTAWA — In Canada, the implementation of three pharmacy services could yield cumulative cost savings of $2.5 billion to $25.7 billion over the next 20 years, according to The Conference Board of Canada. In a new report, the business think tank said changes to pharmacy legislation and standards in the provinces and territories enable community

Rite Aid finishes fiscal year on positive note

Rite Aid finishes fiscal year on positive note

CAMP HILL, Pa. — Despite declines in net income, Rite Aid Corp. posted increased sales and exceeded Wall Street’s adjusted earnings per share forecast for its fiscal 2017 fourth quarter and year. Chairman and chief executive officer John Standley, however, noted that the ongoing regulatory review of Rite Aid’s deal to be acquired by Walgreens

PharmaSmart kiosks to roll out to Coborn’s pharmacies

PharmaSmart kiosks to roll out to Coborn’s pharmacies

ROCHESTER, N.Y. — Food and drug chain Coborn’s Inc. plans to add PharmaSmart blood pressure kiosks at its pharmacy locations. PharmaSmart International Inc. said Monday it’s slated to deploy its BP and health screening stations and cloud-based Health IT platform at Coborn’s 36 supermarkets with pharmacies, operating under the Coborn’s, Cash Wise Foods and Coborn’s

Fred’s names two new board members

Fred’s names two new board members

MEMPHIS, Tenn. — Fred’s Inc. has appointed two new board members as part of an agreement with hedge fund Alden Global Capital LLC, the discount and pharmacy chain’s largest shareholder. Fred’s said Monday that Steven Rossi, chief executive officer of Digital First Media, and Timothy Barton, founder and former CEO of Freightquote.com, have been named

Outlook: New landscape for drug chains?

Outlook: New landscape for drug chains?

NEW YORK — Entering the second quarter of 2017, the chain drug industry was awaiting answers to a couple of big, lingering questions. First, what will the chain drug landscape look like? A significant change in the field of players is likely in store pending antitrust clearance of Walgreens Boots Alliance Inc.’s (WBA’s) deal to

Coalition trains fire on DIR fees under Medicare Part D

Coalition trains fire on DIR fees under Medicare Part D

ALEXANDRIA, Va. — A group 118 health care stakeholders, including chain drug retailers, have called on Congress to crack down on direct and indirect remuneration (DIR) fees in Medicare Part D. Mobilized by the National Community Pharmacists Association (NCPA), the broad coalition sent letters to the Senate and House of Representatives to voice their support

Ex-Walgreens CEO Greg Wasson enters joint venture

Ex-Walgreens CEO Greg Wasson enters joint venture

CHICAGO — Former Walgreens Boots Alliance chief executive officer Greg Wasson is part of a joint venture to help Fortune 50 companies take advantage of disruptive technologies with significant market potential. Wasson Enterprise, a Chicago-based angel investment group founded by Wasson, and Innventure, co-founded by entrepreneur Michael Otworth to commercialize innovative technology, have formed Innventure —

CVS showcases new front-of-store experience

CVS showcases new front-of-store experience

NEW YORK — As shown by the evolution of its front-end strategy, CVS didn’t change its name to CVS Health and remove tobacco products from its stores more than two years ago for nothing. Executives at the interactive brand showcase CVS held Wednesday in Manhattan noted that health and well-being underpins virtually all facets of

Albertsons pharmacy tech is first to give immunization

Albertsons pharmacy tech is first to give immunization

BOISE, Idaho — Albertsons Cos. and the Washington State University College of Pharmacy collaborated on a pilot program to provide immunization training for pharmacy technicians. Aimed at expanding patient access to health care services, the pilot led to the first law allowing pharmacy technicians to administer vaccinations, Albertsons said. In turn, that led to an

CVS Pharmacy pushes ahead with front-end plan

CVS Pharmacy pushes ahead with front-end plan

WOONSOCKET, R.I. — CVS Pharmacy has unveiled the next phase of its front-end strategy, including new store designs, more better-for-you food and health-focused products, expanded beauty offerings and informational signage storewide. CVS said more than 800 stores nationwide have been remodeled with the new front-end design and assortment, and over 3,400 locations now have expanded

Walgreens adds NYX Cosmetics to beauty lineup

Walgreens adds NYX Cosmetics to beauty lineup

DEERFIELD, Ill. — Continuing to enhance its beauty care offering, Walgreens plans to roll out NYX Cosmetics products to select stores this year. Plans call for NYX Professional Makeup products to become available in almost 2,000 Walgreens drug stores nationwide and in Puerto Rico by this fall. The NYX products are being sold now on

McKesson Canada to acquire Uniprix

McKesson Canada to acquire Uniprix

ST. LAURENT, Quebec — McKesson Canada has reached an agreement to buy Quebec drug chain Uniprix. Financial terms of the deal weren’t disclosed. The companies said Wednesday that, under the agreement, McKesson Canada would acquire all outstanding shares of Uniprix, pending approval by shareholders and the Competition Bureau of Canada, as well as other closing conditions.

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