Wendy future of retail top

Issue 05-24-2010

CVS Caremark unveils succession plan

WOONSOCKET, R.I. — After a dozen years at the helm of CVS Caremark Corp., Tom Ryan plans to retire next year. Ryan, who has been CVS Caremark’s president and chief executive officer since 1998 and its chairman since 2007, is slated to step down at the company’s annual shareholders meeting next May. He is expected

NACDS Annual Meeting: Industry set to impact health care equation

PALM BEACH, Fla. — The relationship between pharmacists and their patients is critical to improving Americans’ well-being and making the country’s health care system more efficient, incoming National Association of Chain Drug Stores chairman Larry Merlo told attendees at the association’s Annual Meeting here last month. “As an industry, we are positioned to help control

Wellness+ loyalty program rolled out by Rite Aid

CAMP HILL, Pa. — Rite Aid Corp. has launched its wellness+ customer rewards program nationwide, offering a combination of health and wellness benefits and member-only discounts. The program will be supported by a national television, radio, circular and digital advertising campaign. Members accrue points with eligible pharmacy and store purchases to get free health screenings

Ontario pharmacies reach turning point

TORONTO — As of presstime, May 15 was shaping up to be a day of destiny for community pharmacy in Ontario. It was the date on which Deb Matthews, Ontario’s minister of health and long-term care, had said she would implement changes to the regulations that govern the level of remuneration pharmacies receive for their

Drugstore.com, BioScrip ink pharmacy deal

BELLEVUE, Wash. — Online retailer drugstore.com is exiting the pharmacy business. Earlier this month the company agreed to sell its pharmacy operation to BioScrip Inc.’s BioScrip Pharmacy Services subsidiary for nearly $11 million and establish a strategic partnership in which BioScrip will fill online prescriptions ordered through drugstore.com for the next five years. Online pharmacy

Anxious tone marks Shoppers Drug Mart annual meeting

TORONTO — At Shoppers Drug Mart’s (SDM’s) annual meeting here earlier this month, chairman David Williams, president and chief executive officer Jürgen Schreiber, and executive vice president and chief financial officer Brad Lucow were able to report that despite the recession 2009 was another record-breaking year for the retailer in terms of almost every metric

Foulkes shifts focus to PBM at CVS Caremark

WOONSOCKET, R.I. — Executive vice president and chief marketing officer Helena Foulkes has taken on a new leadership role in CVS Caremark Corp.’s pharmacy benefits management business. Reporting to Caremark Pharmacy Services president Per Lofberg, Foulkes will lead PBM product innovation and marketing, uniting into one team the key functions of marketing, member experience, product

Pegus joins Walgreens as chief medical officer

DEERFIELD, Ill. — Cheryl Pegus has been named chief medical officer at Walgreen Co. Pegus, 46, has over 18 years of clinical practice and industry experience. Previously, she was general manager and chief medical officer for SymCare Personalized Health Solutions Inc., which provides care management solutions that use remote monitoring to help control health care

Maione sets retirement from J&J

SKILLMAN, N.J. — Frank Maione will retire in the fall as U.S. chief customer officer at Johnson & Johnson. A 34-year industry veteran, Maione joined J&J when it acquired Pfizer Consumer Healthcare in 2006. As chief customer officer, he has worked to integrate six consumer sales organizations into one customer-facing team. Over the coming months

NACDS Annual Meeting a major triumph

Over three very special days at the end of April, the National Association of Chain Drug Stores staged one of the memorable retailing conventions of recent times, a thrilling and productive spectacle that brought together the leading retailers and suppliers in America and gave them both the stage and latitude to do what they do