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Retail News Breaks Archives

Week of   

Week of Mon, Dec 12th, 2011

Lawmakers to CMS: Don't publish draft FUL lists

A group of 40 congressmen have called on the Centers for Medicare & Medicaid Services (CMS) to stop publishing draft lists of federal upper limits (FULs) used for reimbursing pharmacies under Medicaid.

American Diabetes Association names Walgreens as strategic partner

Walgreen Co. has become a national strategic partner of the American Diabetes Association (ADA) to collaborate with the organization on its Stop Diabetes effort.

CVS Caremark honored for logistics program

CVS Caremark Corp. has been awarded the 2011 Supply Chain Distinction Award North America in the Logistics Best Practice Category.

NACDS clarifies 'misleading' statements by PBM execs

The National Association of Chain Drug Stores said the chief executive officers of Express Scripts and Medco Health Solutions made "misleading statements" in testimony at a Senate Judiciary subcommittee hearing on the two pharmacy benefit managers' merger deal.

Medicine Shoppe, Medicap franchisees seek arbitration

About 60 Medicine Shoppe and Medicap pharmacy owners nationwide have filed an arbitration claim against their parent franchise companies, which are subsidiaries of Cardinal Health Inc., for allegedly failing to support the franchise systems.

Hy-Vee CEO to retire, tabs COO as successor

Ric Jurgens, chairman and chief executive officer of Hy-Vee Inc., plans to retire from the company in the middle of next year.

Rite Aid sees results improve in 3Q

Rite Aid Corp. reported upticks in revenue and same-store sales for its fiscal 2012 third quarter and narrowed its net loss in the period, beating Wall Street analyst estimates.

Drug stores vs. PBMs: Anti-mail bill OK'd in N.Y.

Legislation approved this week in New York highlights the escalating tug of war between retail pharmacies and pharmacy benefit managers (PBMs).

Walgreens answers call for pertussis, flu vaccines

Walgreen Co. is leveraging the accessibility of its drug stores to help provide pertussis and flu vaccinations to people in its home state.

Energy use specialist enlisted by Rite Aid

Rite Aid Corp. has tapped Ecova, an energy and sustainability solution provider, to to provide utility expense and energy management services.

Rite Aid plans to ramp up wellness+ program

Next year, Rite Aid Corp. aims to expand its wellness+ customer loyalty program by delivering new ways to save and more shopper rewards.

Pharmacists among most-trusted professionals, Gallup finds

When it comes to trust, Americans continue to rate pharmacists near the top among professions, according to Gallup's latest Honesty and Ethics survey.

Walgreens' Watts moves to Weight Watchers

Colin Watts, chief innovation officer at Walgreen Co., has left the drug chain to join Weight Watchers International Inc.

Congressmen: Merged PBM might be too big

More congressmen have called on the Federal Trade Commission to take extra care in its review of the merger deal between pharmacy benefit managers Express Scripts Inc. and Medco Health Solutions Inc.