Retail News Breaks Archives

Week of Mon, Nov 2nd, 2009

Kerr Drug enlists marketing agency to help drive its brand

Kerr Drug has appointed 919 Marketing as its marketing agency of record.

CVS Caremark looks for PBM results to improve

CVS Caremark Corp. expects disappointing results for its pharmacy benefits management business next year, based on the loss of a net of $4.8 billion in contracts.

Aurora to exit supermarket pharmacy arena

Aurora Pharmacy has inked deals to sell 30 of its pharmacies, a move that marks the end of its supermarket prescription drug business.

NACDS backs legislation targeting organized retail crime

The National Association of Chain Drug Stores is urging Congress to pass a pair of bills designed to help combat organized retail crime.

Denton named CVS Caremark's chief financial officer

David Denton has been promoted to executive vice president and chief financial officer at CVS Caremark Corp., succeeding David Rickard, who is retiring.

Strong Rx business drives 3Q gains at CVS Caremark

Sharp growth in pharmacy business fueled hefty revenue and earnings gains for CVS Caremark Corp. in the third quarter.

CVS Caremark appoints PBM marketing executive

Len Greer has been named senior vice president of marketing for CVS Caremark Corp.'s pharmacy benefit management business.

Walgreens to start offering H1N1 vaccines this week

Walgreen Co. this week plans to start providing shots for the H1N1 "swine flu" virus at stores in the Salt Lake City area.

Duane Reade takes positive but cautious outlook

Despite a rise in sales and improved earnings in the third quarter, Duane Reade Inc. tempered its outlook for fiscal 2009.

MinuteClinic becomes Blue Cross Blue Shield provider in Okla.

MinuteClinic, the retail health clinic subsidiary of CVS Caremark Corp., has become a participating provider with health insurer Blue Cross and Blue Shield of Oklahoma.

Sales up, loss down in third quarter at Duane Reade

Retail sales climbed in the third quarter at Duane Reade Holdings Inc., which also posted a smaller net loss due to improved operating results.

Walgreens' front-end sales revival continues in October

Walgreen Co. saw same-store sales rise in October as front-end business continued to rebound amid a strong gain in overall revenue.

Walgreens plans diabetes wellness clinics

This month, Walgreen Co. is set to host its first Diabetes Wellness Events at more than 1,500 drug stores nationwide.

CVS Caremark extends pact with Blue Cross Blue Shield FEP

CVS Caremark Corp. has extended its retail pharmacy benefit services contract with the Blue Cross and Blue Shield Governmentwide Service Benefit Plan, also known as the Federal Employee Program (FEP).

Roundy's to buy in-store pharmacies from Aurora

Roundy's Supermarkets Inc. plans to acquire all pharmacies operated by Aurora Health Care in its Pick 'n Save and Copps supermarkets in Wisconsin.

CVS goes live with enhanced photo web site

CVS Caremark Corp. has relaunched its photo web site, adding new features and products as well as boosting its performance.