It is well known that the home health care category is poised for substantial growth over the next few decades. For years industry professionals have been pointing to the unprecedented number of Americans about to enter older adulthood. The numbers are startling. More than 7,500 Americans will turn 65 each day in 2011. By 2025
TORONTO — The announcement, made late last month, that Jürgen Schreiber was resigning from his position as president and chief executive officer of Shoppers Drug Mart (SDM) caught his colleagues, the pharmacy sector and the financial community by surprise. Jürgen Schreiber Though SDM had just recorded its first decline in quarterly earnings since the company
WOONSOCKET, R.I. — CVS Caremark Corp. has moved up Larry Merlo’s succession to chief executive officer to March 1. Merlo, who has been president and chief operating officer of CVS Caremark since last May, was due to succeed Tom Ryan as chief executive at the company’s annual meeting this May. Ryan will remain nonexecutive chairman
WASHINGTON — The centrality of pharmacists and pharmacies to the health and wellness of Americans — regardless of what happens with health care reform — will be highlighted in March at the third annual NACDS RxImpact Day on Capitol Hill. A day of grassroots advocacy on Capitol Hill, this year’s RxImpact initiative will take a
CHICAGO — As it moves deeper into its second century in business, Walgreen Co. will become less of a retail drug store and more of a health and daily living store, chief executive officer Greg Wasson said at the company’s annual shareholders meeting here. “Our intent is to own outright the strategic territory of ‘well,’
BENTONVILLE, Ark. — Duncan Mac Naughton has been promoted to chief merchandising officer for Walmart’s U.S. stores. With the move, Mac Naughton will now oversee all product categories across the discount store giant’s more than 3,700 stores. Mac Naughton’s promotion follows the appointment of Mark Larsen as vice president of home and apparel planning, pricing
WASHINGTON — Congress and the courts, like the American public, remain divided on the health care reform law. Although the Republican-controlled House voted to overturn the measure, Democrats have ruled out the possibility of a repeal vote in the Senate. President Obama has asked legislators to “fix what needs fixing and move forward” rather than
BELLEVUE, Wash. — Drugstore.com is looking to turn its Facebook fans into shoppers. Late last month drugstore.com and sister site Beauty.com launched a virtual store on the popular social media portal. According to social commerce solution provider Adgregate Markets, whose secure ShopFans technology powers the store, drugstore.com is the first major health and beauty care
MIAMI — Navarro Discount Pharmacy plans to add as many as 20 stores over the next three years as the drug chain expands beyond Florida’s Miami-Dade County. The strategy includes five new drug stores this year, seven new outlets in 2011 and eight new units in 2013. This year, the first new store will be
GOUVERNEUR, N.Y. — Kinney Drugs has scheduled medicine collection days this month and in March. The events, which are slated for the last Saturday of each month, will collect unused or expired noncontrolled prescription medications, ensuring their proper disposal and preventing accidental poisonings, substance abuse and environmental pollution. Only noncontrolled prescriptions are accepted, along with
CAMP HILL, Pa. — Members of Rite Aid Corp.’s wellness+ program can earn a “$20 +UP Reward” and be automatically entered into a sweepstakes featuring over $100,000 in prizes as part of the retailer’s Winter Rewards program. Customers can earn the reward — which prints at the bottom of a register receipt and is redeemable
ALEXANDRIA, Va. — The National Association of Chain Drug Stores has launched NACDS Mobile, a mobile web site that serves as a “guide on the go” to the organization’s meetings, advocacy and public relations. The site, http://m.NACDS.org, is designed for ease of use on any smartphone with a web browser. Features of NACDS Mobile include
DEERFIELD, Ill. — Walgreen Co. has promoted several executives and created a new position in its upper management ranks. Among those promoted was senior vice president of e-commerce Sona Chawla, who has been elevated to president of e-commerce. “Under Sona’s visionary leadership we have made extraordinary progress in our online, mobile and e-commerce capabilities,” president
BENTONVILLE, Ark. — With a growing number of the industry’s largest drug chains putting more emphasis on food, last month’s announcement by Walmart that it will reduce salt and sugar in its processed products in the next five years and lower the price of its fruit and vegetables is likely to be a game changer.
