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Sephora, Ulta turn up the heat in beauty care

Sephora, Ulta turn up the heat in beauty care

NEW YORK — Sephora and Ulta Beauty have altered the beauty care landscape, siphoning off customers from both department and mass stores. And both specialty retailers show no signs of slowing down — suggesting that mass retailers must find new strategies to stem the losses, especially of Millennials and Generation Z customers. Market researcher Euromonitor

Lawmakers push for action on drug costs

Lawmakers push for action on drug costs

WASHINGTON — Sens. John McCain (R., Ariz.) and Tammy Baldwin (D., Wis.) and Rep. Jan Schakowsky (D., Ill.) this week reintroduced the Fair Accountability and Innovative Research (FAIR) Drug Pricing Act, aimed at improving cost transparency for pharmaceutical price hikes. The FAIR Drug Pricing Act would require drug manufacturers to notify the Department of Health

Rx patients hit with higher out-of-pocket costs

Rx patients hit with higher out-of-pocket costs

YONKERS, N.Y. — Of Americans who regularly take a prescription drug, 25% say they now pay more out of pocket than they did 12 months ago for at least one of those medications, a new survey by Consumer Reports finds. The consumer advocacy organization said Tuesday that the phone survey of nearly 1,000 adults who

CVS Pharmacy sharpens focus on skin health

CVS Pharmacy sharpens focus on skin health

WOONSOCKET, R.I. — CVS Pharmacy has kicked off Long Live Skin, an in-store and multimedia campaign to promote sun protection and skin health. CVS said Monday that Long Live Skin starts with a focus on sun safety during May, which is Skin Cancer Awareness Month, and will continue through the summer. The campaign includes store

Scott Gottlieb takes reins as FDA commissioner

Scott Gottlieb takes reins as FDA commissioner

WASHINGTON — Dr. Scott Gottlieb has been sworn in as the new commissioner of the Food and Drug Administration. Gottlieb, nominated as FDA commissioner by President Donald Trump in March, took the helm as the FDA’s 23rd commissioner on Thursday after being confirmed by a vote of 57-42 in the Senate late Tuesday. He takes

WBA, Rite Aid certify compliance with FTC

WBA, Rite Aid certify compliance with FTC

DEERFIELD, Ill., and CAMP HILL, Pa. — Walgreens Boots Alliance (WBA) and Rite Aid Corp. said they have met the Federal Trade Commission’s second request for information on their planned merger. Late Monday, WBA and Rite Aid announced that they have “certified substantial compliance,” meaning that they have provided the information needed to determine if

With health care back in play, industry steps up

With health care back in play, industry steps up

After many fits and starts, Republicans in the House of Representatives have finally succeeded in passing a bill that would, if the Senate concurs, repeal the Affordable Care Act, the landmark legislation that provides the current framework for the U.S. health care system. Voting mostly along party lines — with 217 Republicans in favor and

House passes bill to repeal Affordable Care Act

House passes bill to repeal Affordable Care Act

WASHINGTON — The House of Representatives today narrowly approved a bill to dismantle the Affordable Care Act. Legislators voted 217-213 to overturn many of the law’s popular consumer protections, eliminate the individual mandate, and recast the insurance market. “This bill delivers on the promises that we have made to the American people,” said House Speaker

Sales decline at Fred’s Pharmacy

Sales decline at Fred’s Pharmacy

MEMPHIS, Tenn. — Fred’s Pharmacy reported declined sales for April and its fiscal 2017 first quarter, though seasonal business lifted same-store sales for the month. Fred’s said Thursday that sales for the four weeks ended April 29 totaled $159.1 million, down 3% from $163.9 million a year earlier. April same-store sales edged up 1.2% year

CVS Health tops Wall Street’s 1Q forecast

CVS Health tops Wall Street’s 1Q forecast

WOONSOCKET, R.I. — Despite declines in its retail pharmacy business, CVS Health saw sales rise and beat Wall Street’s earnings projections for its fiscal 2017 first quarter. CVS said Tuesday that for the quarter ended March 31, revenue totaled $44.51 billion, up 3% from $43.22 billion a year earlier. Sales in the company’s Retail/LTC Segment, which

Medicine Shoppe keeps franchisees competitive

Medicine Shoppe keeps franchisees competitive

COLUMBUS, Ohio — One of the key features that distinguish Medicine Shoppe International Inc. (MSI) from other chains is the company’s dedication to providing “high-quality, results-driven” business ownership opportunities in professional retail pharmacy, according to vice president John Fiacco. “Our pharmacies receive individualized business support and patient care solutions support. We’ll provide the tools and

Health Mart helps its pharmacies get an edge

Health Mart helps its pharmacies get an edge

SAN FRANCISCO — Health Mart’s Pathway to Better Pharmacy Performance and Profit is helping its more than 4,800 stores shift clinical pharmacy operations and performance to improve their financials and grow their business, says president Steve Courtman. Introduced at last year’s McKesson ideaShare meeting in Chicago, the Health Mart Pathway provides a step-by-step road map to

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

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

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