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Sales edge up in 2Q at Shoppers Drug Mart

Sales edge up in 2Q at Shoppers Drug Mart

BRAMPTON, Ontario — Shoppers Drug Mart saw revenue and same-store sales climb in the fiscal 2015 second quarter at parent Loblaw Cos. Loblaw said Thursday that for the 12 weeks ended June 20, Shoppers Drug Mart’s sales totaled $2.689 billion, up 3.1% from $2.476 billion a year earlier. In the front end, sales rose 3.2%

GPhA tabs Davis as new CEO

GPhA tabs Davis as new CEO

WASHINGTON — Chester “Chip” Davis has been named president and chief executive officer of the Generic Pharmaceutical Association (GPhA), taking over from Ralph Neas, who is stepping down. GPhA said Wednesday that Davis, previously executive vice president for advocacy and member relations at Pharmaceutical Research and Manufacturers of America (PhRMA), is slated to start in

Rite Aid launches telehealth kiosks in Ohio

Rite Aid launches telehealth kiosks in Ohio

CAMP HILL, Pa. — Rite Aid Corp. has officially opened HealthSpot telehealth stations in 25 of its drug stores in Ohio. The drug chain said Monday that the HealthSpot kiosks — located in Rite Aid pharmacies in the Akron-Canton, Cleveland and Dayton-Springfield markets — have served thousands of customers since opening in late May. The retailer

Competition escalates in retail clinic arena

Competition escalates in retail clinic arena

NEW YORK — The retail health clinic market is seeing competition intensify as the leading players expand their reach with new locations. Market leader MinuteClinic, part of CVS Health, got a big boost last month with CVS’ $1.9 billion deal to buy the pharmacy and clinic business of Target Corp. With the move, the approximately

Berkowitz exits Walgreens Boots Alliance

Berkowitz exits Walgreens Boots Alliance

DEERFIELD, Ill. — Jeff Berkowitz, executive vice president at Walgreens Boots Alliance and president of Pharma and Global Market Access, has left the company. “With the restructuring of our Pharma and Global Market Access group, Jeff Berkowitz, who has led that function since its formation, has made the decision to pursue other opportunities outside the

CVS, Walgreens take part in youth jobs coalition

CVS, Walgreens take part in youth jobs coalition

CHICAGO — CVS Health, Walgreens, Walmart and Target are among more than a dozen U.S.-based companies forming the 100,000 Opportunities Initiative, an employer-led coalition that aims to create pathways to jobs for America’s young people. The coalition has set a goal to engage at least 100,000 “Opportunity Youth” — 16- to 24-year-olds who face systemic

NACDS hails House passage of 21st Century Cures

NACDS hails House passage of 21st Century Cures

ARLINGTON, Va. — The U.S. House of Representatives has passed the 21st Century Cures Act (H.R. 6), which the National Association of Chain Drug Stores said will speed the pace of cures and medical breakthroughs and position pharmacy to play a pivotal role in the delivery of new drug treatments to patients. NACDS said Friday

Pessina named CEO of Walgreens Boots Alliance

Pessina named CEO of Walgreens Boots Alliance

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. announced executive vice chairman Stefano Pessina as its permanent chief executive officer in reporting increased sales and earnings for its fiscal 2015 third quarter. The company said Thursday that its board of directors appointed Pessina as CEO, effective immediately. He had been serving as acting CEO since January,

Jean Coutu Group tallies sales gains in 1Q

Jean Coutu Group tallies sales gains in 1Q

LONGUEUIL, Quebec — Pharmacy and over-the-counter drug sales helped drive revenue gains in the fiscal 2016 first quarter for the Jean Coutu Group’s retail store network. The Canadian drug chain said Tuesday that for the first quarter ended May 30, sales for the franchised store network rose 4.4% to nearly $1.063 billion (Canadian) from $1.018

Dollar Tree closes Family Dollar acquisition

Dollar Tree closes Family Dollar acquisition

CHESAPEAKE, Va. — Dollar Tree Inc. has finalized its deal to acquire rival Family Dollar Stores Inc. Dollar Tree said Monday that under the merger agreement announced and unanimously approved by each company’s board in July 2014, Family Dollar shareholders will receive $59.60 in cash and 0.2484 of a share of Dollar Tree common stock

Rite Aid shows sales gains for June

Rite Aid shows sales gains for June

CAMP HILL, Pa. — Rite Aid Corp. posted a 2.4% same-store sales gain for June. Front-end comparable-store sales increased 0.3% over the prior-year period. Pharmacy same-store sales, which included a negative impact from new generic introductions of about 226 basis points, increased 3.4%. Prescription count at comparable stores increased 0.2%. Total sales for the four-week

Drug supply tracing deadline extended

Drug supply tracing deadline extended

WASHINGTON — Pharmacies have a four-month extension — until November 1 — to comply with the full scope of new dispenser tracing requirements under the Drug Supply Chain Security Act (DSCSA). The Food and Drug Administration issued a guidance yesterday saying it would not take enforcement action until November against a pharmacy that receives any

Rite Aid taps executive VP of store operations

Rite Aid taps executive VP of store operations

CAMP HILL, Pa. — Rite Aid Corp. said Monday that Bryan Everett will join the company as executive vice president of store operations, effective August 3. He will be responsible for all operations at the chain’s nearly 4,600 stores and will report to president and chief operating officer Ken Martindale. Everett will succeed Bob Thompson,

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