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Congress reintroduces DIR fee legislation

Congress reintroduces DIR fee legislation

WASHINGTON — Reps. Morgan Griffith (R., Va.) and Peter Welch (D., Vt.) have reintroduced the Improving Transparency and Accuracy in Medicare Part D Spending Act (H.R. 1038), which community pharmacies say would squelch a growing burden: retroactive direct and indirect remuneration (DIR) fees. The bill, introduced Wednesday in the House of Representatives, would ban the application

Walgreens chief merchant Linda Filler to depart

Walgreens chief merchant Linda Filler to depart

DEERFIELD, Ill. — Walgreens chief merchant Linda Filler is leaving the drug chain effective April 1. A Walgreens Boots Alliance (WBA) spokesman on Wednesday confirmed the departure of Filler, who holds the titles of president of retail products as well as chief merchandising and marketing officer. “We appreciate Linda’s contributions to our company. Under her

Shakeup in the U.S. health insurance market

Shakeup in the U.S. health insurance market

NEW YORK — More turbulence has hit the health insurance sector with the apparent breakup of the Anthem-Cigna merger and Humana Inc.’s plan to pull out of the exchange market. Anthem Inc. on Wednesday said it has filed a lawsuit in the Delaware Court of Chancery against Cigna Corp., which yesterday afternoon announced its aim

New name for Generic Pharmaceutical Association

New name for Generic Pharmaceutical Association

WASHINGTON — The Generic Pharmaceutical Association (GPhA), which represents manufacturers of generic drugs and biosimilars, has changed its name to the Association for Accessible Medicines (AAM). The association said Tuesday that the new name better reflects its mission: to make medications more accessible to the people who need them. As GPhA, the trade group had steadfastly

It’s a whole-store opportunity with retail clinics

It’s a whole-store opportunity with retail clinics

Retail competition continues to be fierce. According to Nielsen’s forecast, dollar sales are projected to grow only 0.9% in 2017, meaning that retailers will continue to fight each other over a pie that isn’t growing as much as they’d like. Therefore, they need to differentiate themselves from their competitors and gain more loyalty from their

CVS Health closes fiscal year on high note

CVS Health closes fiscal year on high note

WOONSOCKET, R.I. — CVS Health topped Wall Street’s earnings-per-share forecast and, driven largely by its PBM unit, saw double-digit sales gains for the 2016 fourth quarter and full year. CVS said Thursday that for the fourth quarter ended Dec. 31, revenue totaled $45.97 billion, up 11.7% from $41.15 billion a year earlier. For the 2016

Time to review front-end strategies?

Time to review front-end strategies?

The front end of your stores holds great potential, and you have strategies in place to optimize those sales. But the industry shifts and changes every year. So it might be time to review those front-end strategies to ensure you are making the most of everything available to help improve the income generated in that

Pharmacy prepares for new paths in health care

Pharmacy prepares for new paths in health care

PALM BEACH, Fla. — As the nation reassesses its health care system under a new presidential administration, the integral role of pharmacy cannot be overlooked, National Association of Chain Drug Stores leaders said at the NACDS Regional Chain Conference here. “This meeting and the topics addressed in the coming days could not be timelier with

Bartell Drugs aims to ‘work faster, work better’

Bartell Drugs aims to ‘work faster, work better’

For Bartell Drugs and chief executive officer Brian Unmacht, 2017 is shaping up to be a watershed year. If all goes according to plan, the 127-year-old company, which for many consumers in the Puget Sound region is synonymous with community pharmacy, will begin to reap the benefits of an enterprisewide reengineering project designed to position

Bartell Drugs ups the ante in fresh food

Bartell Drugs ups the ante in fresh food

SEATTLE — Rising demand for healthier fare from today’s on-the-go consumers has led Bartell Drugs to expand its offering of fresh food and snacks. The Seattle-based drug chain said Thursday that it has launched a new Fresh Food Fast section in select stores throughout the Seattle-Bellevue, Wash., area. New offerings include a range of local

Fred’s finishes fiscal year with sales declines

Fred’s finishes fiscal year with sales declines

MEMPHIS, Tenn. — Sales continued to slide at Fred’s Inc., as the discount and pharmacy retailer reported decreases for its fiscal 2016 fourth quarter and full year and January 2017. Fred’s said Thursday that January sales totaled $148.1 million, down 5.6% from $156.9 million a year earlier. Same-store sales for the month fell 4.8%, compared

Walgreens Boots Alliance teams with ad giant WPP

Walgreens Boots Alliance teams with ad giant WPP

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) Inc. has teamed up with global advertising and public relations giant WPP plc in a wide-ranging marketing and communications partnership for its businesses and brands. WBA said late Tuesday that WPP will operate and develop multiple marketing and communications channels for its retail and wholesale divisions and its

Fred’s: Deal to buy Rite Aid stores still in effect

Fred’s: Deal to buy Rite Aid stores still in effect

MEMPHIS, Tenn. — Fred’s Inc. has reaffirmed its $950 million deal to buy 865 Rite Aid stores to be divested for antitrust clearance of Walgreens Boots Alliance’s pending acquisition of Rite Aid Corp. Fred’s said late Monday that “the asset purchase agreement it entered into on Dec. 19, 2016, with Walgreens and Rite Aid remains

Walgreens-Rite Aid merger deal date extended

Walgreens-Rite Aid merger deal date extended

DEERFIELD, Ill., CAMP HILL, Pa. — Walgreens Boots Alliance (WBA) Inc. and Rite Aid Corp. have agreed to extend the end date for their merger deal and lower the offer price. The companies said Monday that the deal end date has been moved to July 31 — after the previous extension expired this past Friday

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