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Retail News Breaks Archives Walgreen Co. has converted a drug store in San Francisco's Bayview community to its "food oasis" format. CVS Caremark Corp. and Walgreen Co. unveiled their latest efforts to engage customers through digital channels, including social media. Target Corp.'s impending entry into the Canadian retail market stands to challenge current shopper loyalties, possibly including pharmacy. Shoppers Drug Mart Corp. is voluntarily recalling Balea Kids Hair Putty, part of its exclusive Balea skin and hair care line, as a precautionary measure because of a potential microbial contamination. Rite Aid Corp. has made a flurry of executive changes in store operations and human resources. Greater use of generic drugs for chronic disease makes the cost of preventive health care much less than previously thought, research by CVS Caremark Corp., Harvard University, and Brigham and Women's Hospital finds. The National Association of Chain Drug Stores and the California Retailers Association (CRA) have called on the Centers for Medicare & Medicaid Services (CMS) to reject a proposal to cut pharmacy reimbursement in California's Medicaid program. Take Care Health Systems plans to offer its employer clients a range of corporate wellness services under an alliance with workplace health and fitness specialist Core Performance. Solid business in both the pharmacy and the front end propelled Walgreen Co. to its eighth straight month of same-store sales gains. The Jean Coutu Group plans to sell approximately 10% of its equity interest in Rite Aid Corp. Navarro Discount Pharmacy has officially opened its new store in North Miami, which marked the Hispanic-owned drug chain's 29th location overall and first new store in five years. In line with its "New York living" marketing theme, Duane Reade is set to open its new flagship store at an iconic Manhattan location: 40 Wall Street, currently the site of The Trump Building and at one time the world's tallest building. The Jean Coutu Group and its franchised drug store network saw sales rise slightly in the fiscal 2012 first quarter, and the company reported a year-over-year profit gain.
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