Giving back to the community is nothing new for Fruth Pharmacy, which operates 29 pharmacy locations in West Virginia, Ohio and Kentucky. But the regional drug chain took it up a notch to help area residents during the devastating flooding in West Virginia. In an interview with the National Association of Chain Drug Stores, Fruth
During the Walgreens Boots Alliance’s conference call this week on its third-quarter results, co-COO Alex Gourlay told analysts that WBA will address Valeant Pharmaceuticals International’s concerns about its distribution arrangement with the company. Under the deal, announced in December, WBA and Valeant entered agreements in which the drug maker will directly distribute branded prescription drugs
Stefano Pessina said Walgreens Boots Alliance remains in the ballpark in terms of likely store divestitures that the Federal Trade Commission will require for WBA to finalize its deal to acquire Rite Aid Corp. “We still believe that our initial estimate is correct. We still believe that at the end we will stay in the
PharmaSmart’s role in helping consumers better manage their health has been recognized by the American Heart Association (AHA). The Rochester, N.Y.-based company has been named to the AHA’s High Blood Pressure leadership group and noted that it currently represents the only blood pressure/biometric screening kiosk provider in the group. To that end, a profile of
Expanding the selection of healthy, better-for-you snacks and foods has been a big front-end merchandising focus for drug chains as they position themselves as wellness destinations. But drug stores are already well-stocked with a staple item that brings a good deal of dietary benefits — bottled water. A new study from the Beverage Marketing Corp.
Shares of Walgreens Boots Alliance and Rite Aid edged up on Friday following a news report that the Federal Trade Commission is looking more favorably at the companies’ merger deal. The New York Post reported late Thursday that there are “growing signs” the FTC will give the green light to WBA’s $17.2 billion deal to
Players in the retail pharmacy space accounted for three of the top 10 spots in the 2016 Fortune 500 list of the nation’s largest companies by revenue. Coming in again at No. 1 overall on the annual list, released this week, was the world’s largest retailer, Walmart, with sales of $482.13 billion. The company is
McKesson Corp. is exploring a potential separation of its McKesson Technology Solutions business, according to the Wall Street Journal. The Journal report, citing anonymous sources at the drug distribution giant, said options for the McKesson Technology Solutions unit might involve a sale or a merger. McKesson Technology Solutions’ sales declined 5% year over year to
The aging of the Baby Boomers has no doubt been a driver for the chain drug store and pharmaceutical industries, especially since the generation had its first members turn 65 in 2011. Yet some intriguing data from the U.S. Census Bureau indicate that the burgeoning ranks of senior citizens will leave their mark for quite
Walgreens Boots Alliance brought the celebration of its Red Nose Day efforts to the floor of the Nasdaq stock exchange. On Thursday, Skip Bourdo, corporate operations vice president at Walgreens, and Christy Gibb of the Comic Relief Board of Trustees rang the Nasdaq opening bell. Representatives from Red Nose Day 2016 partners NBC Universal and
The expanded distribution agreement between McKesson and Walmart not only brings McKesson a generic drug customer it had been pursuing, but it also “finalizes an intriguing industry channel alignment,” according to pharmacy supply chain expert Adam Fein, president of Pembroke Consulting. In a posting Tuesday on his Drug Channels blog, Fein noted that Walmart was
Coty needed to pull something big out of its hat. Concern over the direction of the soon-to-be-No. 3 company on the cosmetics leader board was murmured at the National Association of Chain Drug Stores Annual Meeting last month. What’s more, both Coty and the Procter & Gamble consumer beauty lines it is acquiring have lost
CVS Health’s partnership with and investment in Curbside could help CVS Pharmacy enhance its front-end business by picking up some purchases that may be migrating to online retailers, according to analyst Scott Mushkin of Wolfe Research. ‘Where Do You Buy Your Everyday Essentials?’ Source: Wolfe Research, “Pure Food Trend Matures” (4/1/16). CVS announced last week
A trip to the local pharmacy may help people expedite the process of gaining life insurance coverage. A new partnership between rapid health testing specialist Force Diagnostics and health station provider higi aims to enable life insurance companies to make more accurate underwriting decisions more quickly. The companies are making available Force Diagnostics’ rapid testing
