The concept cars unveiled at major auto shows always seem a bit “out there.” But by making a practice of radically rethinking their products, global car makers have learned to unleash their creativity and position themselves for the future. Are chain drug stores doing the same? How much time and money does the industry
WEST DES MOINES, Iowa — Although Randy Edeker is a relative newcomer to the National Association of Chain Drug Stores board of directors, he has already had an impact on the organization, one that will increase significantly this week when he becomes NACDS chairman. Edeker, as chairman, president and chief executive officer of food/drug combination
NEW YORK — Drug chains are leveraging their strengths of accessibility and convenience as they extend their core prescription drug business further into the health care realm and diversify their front-end mix. Industry observers say many of the people newly insured under the Affordable Care Act will turn to chain drug stores for their scripts
NEW YORK — Walgreens Boots Alliance Inc. (WBA) sees significant opportunities ahead as the company integrates its global operations. “Our size and scope means that if we are effective in our delivery, we will be one of the companies that helps shape the future of health care, pharmacy and retail on a global basis,” executive
TORONTO — Interviewed in his office some three months into his mandate as president of Shoppers Drug Mart (SDM), Mike Motz exuded the energy and enthusiasm that his colleagues say has typified his approach to his whole career in retail management. He was clearly excited about the opportunities that SDM’s acquisition by Loblaw Cos. has
WASHINGTON — The federal government is looking into the effect of generic drug price increases on Medicaid. The Office of the Inspector General of the Department of Health and Human Services (HHS) will compare generic price increases between 2005 and 2014 to the inflation rate. The probe comes in response to questions raised about generics
BENTONVILLE, Ark. — After eight months on the job as president and chief executive officer of Walmart U.S., Greg Foran has gained a clear view of where the retailer needs to improve and what it needs to do. Foran shared his views on the state of the nation’s largest retailer during its Strategic Update for
BOISE, Idaho — Bob Miller has been named chief executive officer of Albertsons, replacing Robert Edwards, who will assume the role of vice chairman. Miller will continue to serve as executive chairman of the company, which comprises Albertsons LLC, New Albertsons Inc. and Safeway Inc. Edwards, who had been chief executive officer of Safeway before
WOONSOCKET, R.I. — CVS Health has entered into new clinical affiliations with Rush University Medical Center in Chicago and with Tucson Medical Center in Tucson and its accountable care organization, Arizona Connected Care. These affiliations are intended to enhance access to high-quality, affordable health care services for patients. Through these clinical affiliations, CVS Health will
HONOLULU — CVS Health’s Longs Drugs will acquire the pharmacy operations of all 10 Mina Pharmacy locations in Hawaii, with six Mina locations to be renamed Longs Pharmacy and four stores to close, according to Pacific Business News. Longs said that it has interviewed all of Mina’s employees interested in working at Longs and is
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. and UnitedHealthcare have partnered in a pilot program to integrate Walgreens Balance Rewards for healthy choices with UnitedHealthcare’s mobile app, Health4Me. Through the collaboration people enrolled in UnitedHealthcare’s fully insured plans in Arizona and Illinois can earn Balance Rewards points for completing certain healthy activities, with the opportunity
TORONTO — The Neighbourhood Pharmacy Association of Canada (NPAC) will introduce a new event at its annual conference next month in Quebec City. The last day of the conference, which will run from Monday, May 11, through Thursday, May 14, will feature the New Pharmacy Expo, a day dedicated to planning for business success, continuing
NEW YORK — The Retail Pharmacy International division of Walgreens Boots Alliance (WBA) is growing by adapting its global values to meet the specific needs of consumers in different countries. “The key to international success in pharmacy-led retailing is to have a clear understanding of the brand value, and then to interpret that value in
DEERFIELD, Ill. — Former Duane Reade chief executive officer John Lederer has been named to the board of Walgreens Boots Alliance Inc. (WBA). Lederer has been president and CEO of US Foods since September 2010, leading a comprehensive brand transformation. He also led a major transformation at Duane Reade, overseeing the creation of a new
