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Issue 02-15-2010

Standley to succeed Sammons as Rite Aid CEO in June

CAMP HILL, Pa. — John Standley, president and chief operating officer of Rite Aid Corp., will take over as chief executive officer in June, succeeding Mary Sammons, who will continue to serve as chairman until June 2012. The promotion is part of the chain’s leadership succession plan and was approved at a recent regular meeting

Walmart plans major reorganization of operations

BENTONVILLE, Ark. — In an effort to boost efficiencies, cut costs and get closer to the consumer, Walmart has undertaken a major structural reorganization. While some of the most visible changes are in the company’s field operations team, merchandising and procurement have also been targeted. The Walmart U.S. division is resorting its field operations organization

Prospects for health care reform become dimmer

WASHINGTON — Health care reform will apparently come later rather than sooner. With the shift of one Senate seat, last year’s most pressing issue for President Barack Obama and the Democratic majority in Congress has moved to the back burner. The surprise January election of Massachusetts Republican Scott Brown ended the Democrats’ filibuster-proof Senate majority

Health Mart reaches a milestone

SAN FRANCISCO — Health Mart, McKesson Corp.’s nationwide network of independently owned pharmacies, has set a milestone with the addition of its 2,500th pharmacy. “We joined Health Mart to take advantage of the innovative marketing, operational and patient care programs,” says Tom Fakih, owner of Trudell Health Mart Pharmacy of Dearborn, Mich. “Then we found

Walgreens ups the ante in food category

DEERFIELD, Ill. — In support of its efforts to add perishable food offerings to many of its stores, Walgreen Co. has hired veteran convenience store executive Jim Jensen to serve as its new divisional merchandise manager of fresh foods. Jensen comes to Walgreens from Fresh & Easy Markets, the convenience-oriented food chain that is operated

Duane Reade upgrades loyalty program

NEW YORK — Duane Reade Inc. has launched a new customer rewards program. Executives explain that the program — called Duane Reade Flex­Rewards — is easier to use and leads to faster rewards than Dollar Rewards, which was the chain’s previous loyalty program. “As the name suggests, Flex­Rewards is a much more flexible, rewarding and

CVS moves ahead on two fronts

WOONSOCKET, R.I. — CVS Caremark Corp. is expanding its reach in terms of the markets it serves and the savings it provides to customers. With more than 7,000 stores, the drug chain made its entry into the St. Louis market last month, opening four stores in the region in a single week. At the same

Navarro supports ‘healthy kids’

MIAMI — Navarro Discount Pharmacies has opened a pediatric prescription window at one of its Miami outlets. The window was created to assist parents, particularly working mothers of children with urgent health needs, who require medication. “Mothers are usually pressed for time, and for children it is important to get their medication as soon as

Two execs appointed at Rite Aid

CAMP HILL, Pa. — Rite Aid Corp. has moved two executives into new positions. Senior vice president of strategic business development Chris Hall has become senior vice president of pharmacy business development. Vice president of financial accounting and treasury Matt Schroeder, meanwhile, has been promoted to the role of group vice president of strategy and

Things to watch for as the year unfolds

Here are seven events guaranteed to be resolved, debated, dismissed or disregarded in the chain drug industry over the course of 2010. 1. CVS Caremark will finally begin to get the Caremark part of that designation right by taking advantage of many of the synergies between the PBM and the drug chain that have thus

Rx should prepare for a long haul

The political landscape that retail pharmacy advocates will have to traverse has grown considerably more complex in recent weeks with the surprising victory of Republican Scott Brown in the race for the Senate seat that had been held by Edward Kennedy, the Massachusetts Democrat, for 47 years, and the Obama administration’s proposed budget, a document