NEW YORK — With 2011 now here, chain drug retailers across North America are encountering many of the same challenges that they did a year ago. Executives at U.S. and Canadian drug store chains said that as the new year rolls forward, they expect to see more signs that an economic recovery is under way
NEW YORK — As health care reform gets deeper into the implementation phase, pharmacy advocates have mixed feelings about how the new dynamics will impact community pharmacies and the companies that supply them. More of the provisions of last year’s health care reform bill are slated to go into effect this year, while other parts
RALEIGH, N.C. — Because of a dedication to health care that is unmatched by almost any other retailer in North America, the pharmacy management team at Kerr Drug has been chosen by the editors of Chain Drug Review as the collective recipients of this year’s Chain Drug Pharmacy Executives of the Year award for 2010.
HERZLIYA, Israel — Super-Pharm, Israel’s largest, and the world’s most internationally focused, drug chain, is Chain Drug Review’s Global Chain Drug Retailer of the Year for 2010. Many factors justify this selection. For one, Super-Pharm just concluded the most successful year in its 32-year history, a 12-month period during which sales exceeded $1 billion out
BOULDER, Colo. — Mark Panzer, president and chief executive officer of Pharmaca Integrative Pharmacy, has been named Chain Drug Review’s Merchant of the Year for 2010. He is being honored for shaping Pharmaca’s innovative approach to drug store retailing, which brings together a full-service pharmacy with holistic therapies and certified nontraditional practitioners. 2010 CDR MERCHANT
NEW YORK — A last-minute shopping surge turned a disappointing holiday selling season into an acceptable one for America’s chain drug retailers, as customers crowded into the nation’s chain drug stores during the three days before Christmas to buy many of the holiday items they had repeatedly deferred or postponed. Prior to the final week
WOONSOCKET, R.I. — It appears unlikely that Hank Mullany will join CVS/pharmacy. In the wake of a decision by a Delaware judge to prevent, at least temporarily, the former Walmart executive from becoming president of the drug chain, sources close to parent company CVS Caremark Corp. indicate that it is making plans to put the
DUBLIN, Ohio — Cardinal Health Inc. has announced the early renewal of its distribution agreement with Walgreen Co. to supply pharmaceuticals to its more than 7,600 retail pharmacies across the country. The new agreement extends into 2013. Additional terms of the agreement were not disclosed. “Walgreens is a valued partner for Cardinal Health, and we
SEATTLE — Adults receiving prescription coverage under Washington state’s Medicaid program could lose that benefit if lawmakers do not find a way to trim the state’s budget shortfall when they reconvene later this month. Facing a $1.1 billion deficit, Washington Gov. Chris Gregoire and members of the Legislature have been unable to agree on a
DEERFIELD, Ill. — Walgreen Co. and the Health and Human Services Department (HHS) have joined forces to provide flu vaccinations to hundreds of thousands of people who may not otherwise be able to afford them. In a joint press conference last month officials from the drug chain, HHS and the Centers for Disease Control and
SIOUX FALLS, S.D. — Lewis Drugs has debuted its “store of the future” here, a 40,000-square-foot unit with an upscale decor, diverse consumables and general merchandise, and even a climate-controlled Four Seasons garden wing with a retractable roof. Earth tones, wood flooring, eco-friendly construction and high-end brands give the outlet more of a department store
NEW YORK — Last month’s ruling by a federal judge in Virginia that part of the health care reform law is unconstitutional and hints from another judge in Florida that he may issue a similar decision have set the stage for a long legal battle. The ruling by Judge Henry Hudson of Federal District Court
TORONTO — A relative newcomer to the community pharmacy world has challenged the industry to take a different tack in addressing the issues confronting it. Speaking at a recent forum sponsored by the Canadian Foundation for Pharmacy, Sue Paish, a former managing partner of a Vancouver-based international law firm who was appointed chief executive officer
MINNETONKA, Minn. — The UnitedHealthcare segment of UnitedHealth Group has added five retail chains to its program that provides Medicare Part D beneficiaries enrolled in the company’s plan with savings on the prescriptions they fill at the chains’ pharmacies. Executives say the addition of Target Corp.; H.E. Butt Grocery Co.; Hy-Vee Inc.; Publix Super Markets
