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Shoppers Drug Mart has strong fiscal 2017 finish

Shoppers Drug Mart has strong fiscal 2017 finish

BRAMPTON, Ontario — Shoppers Drug Mart outperformed overall retail sales growth for parent Loblaw Cos. in the 2017 fourth quarter and fiscal year. Loblaw said Thursday that for the fourth quarter ended Dec. 30, Shoppers Drug Mart posted revenue of $3.17 billion (Canadian), up 3.8% from $3.06 billion a year earlier. Pharmacy sales totaled $1.42

Albertsons-Rite Aid to create wellness powerhouse

Albertsons-Rite Aid to create wellness powerhouse

CAMP HILL, Pa. — The Albertsons Cos. merger with Rite Aid Corp. will create a “truly differentiated” player in the food, health and wellness space, John Standley, chairman and chief executive officer of Rite Aid, said in an interview with Chain Drug Review. The Albertsons-Rite Aid merger deal, announced Tuesday, will transform Rite Aid through

Albertsons Cos., Rite Aid to merge

Albertsons Cos., Rite Aid to merge

BOISE, Idaho, and CAMP HILL, Pa. — Albertsons Cos. plans to merge with Rite Aid Corp. in a deal that will take the supermarket retailer public. Albertsons Cos. and Rite Aid said Tuesday that the combined company will generate pro forma revenue of about $83 billion and operate about 4,900 stores, 4,350 pharmacy locations and

Reports: WBA in talks to buy AmerisourceBergen

Reports: WBA in talks to buy AmerisourceBergen

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) is in negotiations to acquire drug distributor AmerisourceBergen Corp., according to published reports. Representatives of WBA executive vice chairman and chief executive officer Stefano Pessina made “a high-level outreach” to representatives of AmerisourceBergen chairman and CEO Steven Collis several weeks ago, The Wall Street Journal reported, citing people familiar

Rite Aid stocks up to help battle the flu

Rite Aid stocks up to help battle the flu

CAMP HILL, Pa. — As flu cases mount in one of the most severe U.S. flu seasons in the past decade, Rite Aid Corp. is ensuring that its pharmacies are well-prepared. Rite Aid said Monday that its pharmacies are stocked with flu shots, which are available on a walk-in basis at all locations, as well

Kevin Hourican named interim head of CVS Pharmacy

Kevin Hourican named interim head of CVS Pharmacy

WOONSOCKET, R.I. — Kevin Hourican, executive vice president of retail pharmacy and supply chain at CVS Health, will run the company’s retail division on an interim basis following the departure of Helena Foulkes. As the interim head of CVS Pharmacy, Hourican will report to CVS Health chief operating officer Jon Roberts, the company said Thursday.

CVS Health sees solid finish to 2017 fiscal year

CVS Health sees solid finish to 2017 fiscal year

WOONSOCKET, R.I. — Driven by growth in its pharmacy benefit management unit, and overcoming softness in its retail business, CVS Health posted increased sales and beat Wall Street’s earnings forecast for its 2017 fourth quarter and fiscal year. CVS said Thursday that for the fourth quarter ended Dec. 31, total revenue rose 5.3% to $48.39

Gourlay: ‘Pharmacy is beautifully positioned’

Gourlay: ‘Pharmacy is beautifully positioned’

FORT LAUDERDALE, Fla. — Pharmacy retailers and suppliers have a world of possibilities in front of them amid an evolving retail health care landscape, industry executives said at the 2018 NACDS Regional Chain Conference. The conference gathered regional drug and supermarket chains (four to 250 locations) with supplier partners that help meet their customers’ health and wellness

CVS’ Helena Foulkes named Hudson’s Bay CEO

CVS’ Helena Foulkes named Hudson’s Bay CEO

TORONTO and NEW YORK — CVS Health executive Helena Foulkes is joining department store retailer Hudson’s Bay Co. (HBC), operator of Lord & Taylor and Saks Fifth Avenue, as chief executive officer. HBC said Monday that Foulkes is slated to begin in the new role on Feb. 19. At CVS, she currently serves as a corporate

Kroger to sell convenience stores for $2.15 billion

Kroger to sell convenience stores for $2.15 billion

CINCINNATI — Several months after putting its convenience store business on the block, The Kroger Co. has landed a $2.15 billion deal to sell the unit to EG Group, a United Kingdom-based fuel station convenience store retailer. Kroger said Monday that the companies expect to finalize the transaction in its fiscal first quarter, pending regulatory approval and

Genoa rebrands, now called Genoa Healthcare

Genoa rebrands, now called Genoa Healthcare

TUKWILA, Wash.– Genoa, a QoL Healthcare Company, the nation’s leading behavioral health pharmacy and largest outpatient telepsychiatry company, today announced an organizational rebrand as well as a new name, Genoa Healthcare. The comprehensive effort elevates the focus on the variety of services the organization provides for helping individuals living with behavioral health and other complex,

Corporate giants team up on employee health care

Corporate giants team up on employee health care

NEW YORK — Three of the largest U.S. companies — Berkshire Hathaway, Amazon and JPMorgan Chase & Co. — have joined together to take employee health care into their own hands. Berkshire Hathaway, Amazon and JPMorgan Chase said Tuesday that they plan to form an independent health care company to provide their employees accessible, affordable and quality care.

Rite Aid fine-tunes category management team

Rite Aid fine-tunes category management team

CAMP HILL, Pa. — Rite Aid Corp. is making changes in its category management team as it proceeds with an asset sale in which more than 40% of its drug stores will be transferred to Walgreens Boots Alliance (WBA). A Rite Aid spokeswoman confirmed Friday that category management personnel changes are under way but declined

Walgreens promotes Rick Gates to SVP of pharmacy

Walgreens promotes Rick Gates to SVP of pharmacy

DEERFIELD, Ill. — Rick Gates has been named senior vice president of pharmacy and health care for Walgreens. Gates most recently served as group vice president of pharmacy. With the promotion, he will oversee commercial development and sales, contracting, pharma development, pharmacy supply chain, and clinical programs and alliances, Walgreens Boots Alliance (WBA) said Thursday. He

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