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Retail News Breaks Archives

Week of   

Week of Mon, Mar 24th, 2014

Loblaw closes Shoppers Drug Mart acquisition

Canadian food and drug retailer Loblaw Cos. has completed its acquisition of Shoppers Drug Mart Corp., which is now a separate operating division of Loblaw.

NACDS gives Congress its take on Rx supply chain, TRICARE

The National Asssociation of Chain Drug Stores submitted comments on the security of the prescription drug supply chain and patient pharmacy access in the TRICARE military health plan for a pair of congressional committee hearings.

APhA Foundation enlists platform to better engage with diabetes patients

The American Pharmacists Association Foundation has partnered with health technology firm PrescribeWellness to provide community pharmacies with tools to help diabetes patients improve their disease management and health.

Medicine Chest Pharmacy joins long-term care purchasing group

Medicine Chest Pharmacy has joined Innovatix, one of the nation's largest non-acute care group purchasing organizations (GPO).

CVS Caremark renews major federal contract

CVS Caremark Corp. has entered into a new three-year contract to provide pharmacy benefit services for the Blue Cross and Blue Shield Governmentwide Service Benefit Plan, known as the Federal Employee Program (FEP).

NCPA calls for hearing on preferred pharmacies

The National Community Pharmacists Association is urging the Senate and House Small Business committees to hold a hearing to examine the impact of preferred pharmacy networks in Medicare Part D prescription drug plans.

Increasingly, pharmacies are flu shot destination in Ontario

In Ontario, consumers are embracing the idea of getting a flu shot at a pharmacy.

CVS launches new discount program for veterans

CVS/pharmacy has rolled out a new 20% discount program, which can be applied both in-store and online, for Veterans Advantage Inc.'s VetRewards Card members.

Rite Aid names chief HR officer

Dedra Castle, a veteran human resources professional and former Sam's Club executive, has joined Rite Aid Corp. as executive vice president and chief human resources officer.

Walgreens 2Q earnings dip; store closures planned

Despite solid sales gains, Walgreen Co. fell short of Wall Street's earnings forecast for its fiscal 2014 second quarter. The drug chain also announced plans to close 76 drug stores later this year as part of its store optimization strategy.

NACDS-TV videos offer Total Store Expo primer

The National Association of Chain Drug Stores is running online video tutorials on NACDS-TV to help attendees plan for the 2014 NACDS Total Store Expo.

CVS, Ralphs partner with California health insurance exchange

CVS/pharmacy drug stores and Ralphs supermarkets are working with Covered California to boost public awareness about California's online health insurance exchange.

New CEO takes reins at A&P

Struggling regional food and drug retailer A&P has appointed chief operating officer Paul Hertz as president and chief executive officer.

AmerisourceBergen to acquire stake in Brazilian pharmaceutical wholesaler, form joint venture

AmerisourceBergen Corp. plans to acquire a minority stake in Brazilian pharmaceutical wholesaler Profarma Distribuidora de Produtos Farmacêuticos S.A. and enter a joint venture with Profarma for specialty distribution and services.