NEW YORK — Walgreen Co. is among the corporations that will take an accounting charge because of health care reform’s reduction of tax deductions for retiree drug coverage. Walgreens said it anticipates a charge of some $40 million to deferred taxes in the third quarter of fiscal 2010. The new law has prompted a number
The Annual Meeting of the National Association of Chain Drug Stores now under way in Palm Beach, Fla., is the last that Rite Aid Corp. chief executive officer Mary Sammons will attend in that capacity. Though she plans to remain with Rite Aid as chairman for the next two years — and will no doubt
The severe economic downturn that began in December 2007 has altered consumers’ thinking in ways that a number of recent studies conclude will have long-term implications for retailers. During past recessions, the chain drug industry, with its intense focus on pharmacy and health care, was viewed as resistant (if not totally immune) to the problems
