|
Retail News Breaks Archives London Drugs is expressing thanks to the Vancouver Police Department after rioters ransacked one of its stores in the city following the Vancouver Canucks loss in the National Hockey League Stanley Cup final. The National Association of Chain Drug Stores and the National Community Pharmacists Association highlighted the role of pharmacy in testimony for a Senate hearing on reform of health care entitlements. The pharmaceutical industry chalked up a pair of legal victories yesterday in two rulings by the U.S. Supreme Court. The California Public Employees' Retirement System (CalPERS), one of the nation's largest pension funds, has chosen CVS Caremark Corp. to administer prescription drug benefits for members of its preferred provider organization (PPO) health plans. Rite Aid Corp. beat Wall Street's projection for its fiscal 2012 first quarter by turning in a smaller net loss on flat sales. Rexall has opened its latest Healthy Living Store, which is geared to help customers improve their health and wellness. CVS/pharmacy has gone live with the Beauty Board, a panel of beauty care and style experts who will provide interactive content and advice for the CVS Beauty Club Facebook Page. Just steps inside the entrance, it's immediately clear what Rite Aid Corp.'s newest store prototype is all about. Walgreen Co. topped analysts' earnings forecast for its fiscal 2011 third quarter and saw robust gains in overall revenue and same-store sales. The National Community Pharmacists Association has endorsed new legislation that it said will help independent pharmacies compete while preserving patient choice in pharmacy services. The Jean Coutu Group has signed a long-term renewal with LoyaltyOne's Air Miles Reward Program, Canada's coalition loyalty program. Walgreen Co. plans to exit the pharmacy network of prescription benefit manager Express Scripts Inc. next year because of unsuccessful contract renewal talks. CVS Caremark Corp. thinks customers can get more from its pharmacists.
|
