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Kmart launches pharmacy rewards program

Kmart launches pharmacy rewards program

HOFFMAN ESTATES, Ill. — Sears Holdings Corp. has expanded its Shop Your Way loyalty program to offer pharmacy rewards at Kmart. The company said Monday that the new Shop Your Way Pharmacy Rewards Program gives members $10 back in points, or 10,000 points, for every five qualifying prescriptions filled in a rolling 12-month period at

WBA sees ‘a significant opportunity’ ahead

WBA sees ‘a significant opportunity’ ahead

  NEW YORK — Walgreens Boots Alliance Inc. has the size and scope to be “one of the companies that helps shape the future of health care, pharmacy and retail on a global basis,” executive vice president and acting chief executive officer Stefano Pessina said at the company’s Analyst Day event. Pessina detailed the progress

Walgreens aims to up the ante in pharmacy

Walgreens aims to up the ante in pharmacy

  NEW YORK — Walgreen Co. is revamping its customer experience and cutting costs to recapture its position as America’s “most loved” pharmacy, chain president Alex Gourlay told analysts at the first Walgreens Boots Alliance Analyst Day event here. “The reality is we’re no longer No. 1 in pharmacy volume. And no one here is

U.S. drug spending, scripts reach new highs

U.S. drug spending, scripts reach new highs

PARSIPPANY, N.J. — Specialty medications helped drive a double-digit gain in total spending on medicines in the United States for 2014, as well as record volume in prescriptions dispensed, according to the IMS Institute for Healthcare Informatics, a unit of IMS Health. Last year, U.S. spending on medicines rose 10.3% on a real per capita

Study: Pharmacist role on health care team grows

Study: Pharmacist role on health care team grows

ALEXANDRIA, Va. — Pharmacists are performing more patient care activities in various health care settings and are spending less time in their traditional medication dispensing role, according to the the Pharmacy Workforce Center’s “2014 National Pharmacist Workforce Survey.” The 2014 National Pharmacist Workforce study, based on a sample of more than 5,200 licensed pharmacists, found

Walgreens Boots Alliance posts gains for 2Q

Walgreens Boots Alliance posts gains for 2Q

DEERFIELD, Ill. — In the first financial report since its formation at the close of 2014, Walgreens Boots Alliance Inc. recorded earnings per share for the fiscal 2015 second quarter that exceeded analysts’ forecasts. Management also announced on Thursday that it is expanding its restructuring program after identifying additional opportunities to cut costs, particularly in

Rite Aid finishes fiscal year on a high note

Rite Aid finishes fiscal year on a high note

CAMP HILL, Pa. — A tax break added to healthy gains in earnings for the 2015 fourth quarter and fiscal year at Rite Aid Corp., which also saw a strong sales performance for both periods. Net income for the fourth quarter and  full year were lifted by a reduction of the deferred tax asset valuation

Below-cost reimbursements pinch pharmacists

ALEXANDRIA, Va. — Below-cost reimbursements continue to squeeze community pharmacies in the wake of generic drug price spikes over a year ago, a new survey by the National Community Pharmacists Association finds. NCPA said Tuesday that of the 700 community pharmacists polled, almost all experienced a “large upswing” in the acquisition cost of a generic

State AGs eye wider probe of herbal supplements

State AGs eye wider probe of herbal supplements

NEW YORK — In the wake of an investigation begun by New York, the attorneys general of 14 states and territories have called on Congress to launch an inquiry into the herbal supplements industry. New York Attorney General Eric Schneiderman and Indiana Attorney General Greg Zoeller on Thursday said the bipartisan group of state attorneys

Rite Aid sees same-store sales climb in March

Rite Aid sees same-store sales climb in March

CAMP HILL, Pa. — Gains in both the front end and pharmacy lifted same-store sales at Rite Aid Corp. in March. Rite Aid said Thursday that for the four weeks ended March 28, comparable-store sales climbed 4.3% year over year. That was up from a 3.3% comp-store sales increase in February. In the front end,

Store-brand sales edge up at drug stores

Store-brand sales edge up at drug stores

NEW YORK — Store-brand dollar sales and share at drug stores rose to a new high in 2014, according to the Private Label Manufacturers Association. Private-brand dollar share grew to 16.5% at drug stores last year on total private-label sales of $8.3 billion, PLMA said Tuesday in releasing its 2015 Private Label Yearbook. Dollar volume

RxImpact Day: Pharmacy advocates head to the Hill

RxImpact Day: Pharmacy advocates head to the Hill

WASHINGTON — More than 350 pharmacy advocates from 44 states met with members of Congress during for this year’s NACDS RxImpact Day on Capitol Hill. The National Association of Chain Drug Stores said Thursday that pharmacy advocates — including pharmacists, pharmacy executives, pharmacy students and others — held more than 450 meetings with lawmakers and

Chain drug industry backs ‘better, smarter’ care

Chain drug industry backs ‘better, smarter’ care

WASHINGTON — The National Association of Chain Drug Stores joined President Barack Obama and Secretary of Health and Human Services Sylvia Burwell at the White House to launch the Health Care Payment Learning and Action Network, whose participants include Rite Aid, Walgreens and Walmart. Announced Wednesday, the Health Care Payment Learning and Action Network brings