NEW YORK — Despite warning that earnings and sales growth next year could fall below long-term goals, CVS Caremark Corp. executives told those who gathered for its annual analysts meeting that the company still has a bright future. “We offer the most convenient access point for health care,” chairman and chief executive officer Tom Ryan
ALEXANDRIA, Va. — The National Association of Chain Drug Stores is applauding a proposed rule by the Centers for Medicare & Medicaid Services (CMS) that would withdraw two components of a contested 2007 rule that were related to pharmacy reimbursement for Medicaid. That rule has been blocked by an injunction in the aftermath of a
WOONSOCKET, R.I. — CVS Caremark Corp. has appointed Jon Roberts as chief operating officer of its pharmacy benefit management business. The 54-year-old Roberts, who will continue in his current role as executive vice president of pharmacy purchasing, pricing and network relations, will now also oversee the company’s PBM operations, mail service pharmacy and specialty pharmacy.
NEW YORK — Retailers can look forward to holiday sales that are stronger this year than in 2009, but only if they cut prices. That’s the consensus of industry analysts, who say the anemic economic recovery will dissuade consumers from opening their pocketbooks for Christmas unless they find bargains. Their retail sales expectations come on
DEERFIELD, Ill. — Walgreen Co. has begun selling special envelopes to help consumers dispose of medications that they no longer need. Walgreens says the drug disposal program, which began earlier this month at its pharmacies across the country, is the first of its kind in the United States. Consumers can buy disposal envelopes for $2.99
NEW YORK — Chain pharmacies, already fully engaged in providing flu shots, have extended their immunization programs to respond to a whooping cough (pertussis) outbreak in California. With the state on pace for its worst pertussis epidemic in nearly five decades, federal and state officials have strongly encouraged vaccinations to help increase immunity and stop
NEW YORK — Walmart is stepping up its challenge to drug chains with the rollout of a new small-format store as part of an urban strategy. The discount store chain will target cities and small towns with the new outlets, which will be less than 30,000 square feet. It will also continue to open Neighborhood
LONGUEUIL, Quebec — The Jean Coutu Group Inc. has introduced a hypertension monitoring program that enables patients to control their blood pressure in cooperation with both their pharmacist and their physician. Called Caution Hypertension, the program uses an automated blood pressure measuring device and memory card found in all of Coutu’s more than 350 pharmacies.
TORONTO — For most of the past decade, community pharmacy has been one of Canada’s fastest-growing retail sectors. Not so in the first half of 2010. Health and personal care stores, the category that embraces pharmacy, had growth of only 2.4% in a period that saw total retail sales increase by 3.8%. Publicly held drug
ALEXANDRIA, Va. — The National Association of Chain Drug Stores Foundation has applauded the New England Healthcare Institute (NEHI) for advocating a national strategy to examine the role “care teams’ can have on improving medication adherence. The call to action came in an NEHI report titled “Medication Adherence and Care Teams: A Call for Demonstration
BOULDER, Colo. — Allison Janda has been named vice president of retail store operations at Pharmaca Integrative Pharmacy. The regional drug chain says Janda, who has been with the company since 2006, will oversee efforts to implement its brand and values across its nearly two dozen stores in California, Colorado, New Mexico, Oregon and Washington.
This issue of Chain Drug Review contains our annual look at America’s 100 largest drug store markets and the shares of the various drug store retailers within those markets. As is usually the case, this year’s analysis offers some surprises. Among the key findings of this year’s top 100 drug store markets report were the
The muted reaction from the consumer press to the announcement by Walmart and Humana Inc. that they are offering a low-cost, co-branded prescription drug plan (PDP) for Medicare beneficiaries was puzzling. Designed as a follow-up to Walmart’s vaunted $4 generic drug program, the new plan, which is billed as having the lowest national monthly premium