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Issue 10-24-2011

SDM picks McKesson Canada exec to be next CEO

TORONTO — After an international search that lasted seven months, Shoppers Drug Mart’s board announced that the company’s new president and chief executive officer will be a Canadian and from the pharmaceutical industry, though not himself a pharmacist. Domenic Pilla is to take office November 1. He is currently president of McKesson Canada. Pilla will

HHS secretary visits Walgreens

CHESAPEAKE, Va. — Secretary of Health and Human Services Kathleen Sebelius drove home the point about the importance of getting a flu vaccination this season by receiving her annual shot at Walgreen Co.’s health and daily living pilot store in Chicago’s Chatham neighborhood earlier this month. “It’s very exciting to see stores like these built

Turnaround at Rite Aid gains some momentum

NEW YORK — Rite Aid Corp. executives this month highlighted factors pointing to a continued turnaround at the chain, from loyalty program growth to lower-volume store ­improvements. The retailer is poised to build on three straight quarters of growth in same-store sales and adjusted EBITDA, the executives suggested at the Imperial Capital Global Opportunities Conference

Chains join insurers for new Medicare PDPs

NEW YORK — Walgreen Co., CVS Caremark Corp. and Walmart are partnering with insurance companies on Medicare Part D prescription drug plans (PDPs). Walgreens and Walmart are partnering with Coventry Health Care Inc., while CVS has teamed with Aetna. Walmart also again has a plan with ­Humana. Coventry is joining with Walgreens, Walmart and Target

Walgreens bolsters health, wellness team

DEERFIELD, Ill. — Walgreen Co. has added two executives to its pharmacy, health and wellness division’s leadership team. Dr. Jeffrey Kang will join the company on October 31 as senior vice president of health and wellness services and solutions, reporting to president and chief executive officer Greg Wasson and president of pharmacy, health and wellness

New store concept is launched by Bartell

SEATTLE — Bartell Drugs has unveiled a next-generation store concept at a renovated outlet in north Seattle. The store, located in Seattle’s Roosevelt neighborhood, has a new interior design that highlights five new product areas: • Fresh Beauty, a cosmetics section that includes natural and organic product lines, and has new seating and counters that

Ryan is joining private equity firm

BOSTON — Former CVS Caremark chief executive officer Tom Ryan has joined the private equity firm Advent International as an operating partner. Advent executives say Ryan will advise and work closely with the firm’s investment professionals to identify attractive opportunities and generate post-investment value at retail and health care companies around the globe. “Tom is

Jeffery will retire from Katz Group

Katz Group Canada/Rexall chief development officer Warren Jeffery will retire at the end of this month. Jeffery, who has also been serving as interim chief merchandising officer, is set to step down on October 31 after close to seven years with the company, including a stint as chief operating officer for the Rexall corporate store

CVS, P&G develop ‘Guy Aisle’

CHARLOTTE, N.C. — Recognizing burgeoning demand for men’s grooming products, Procter & Gamble Co. (P&G) and a CVS/pharmacy unit here have created a prototype “Guy Aisle.” The new section includes razors, shaving creams and gels, body wash, aftershave, deodorants, antiperspirants, and some hair care products under the Gillette, Old Spice and Head & Shoulders brand

Rite Aid brings flu shots to N.Y.C. commuters

NEW YORK — A Rite Aid Corp. flu shot event in Grand Central Terminal earlier this month helped inoculate hundreds of city residents against illness and raised money for charity. For every flu shot given during the two-day “Rite Aid Shield Yourself, New York” event October 5 and October 6, the drug chain donated $3

Rosato named chief executive at AMCP

ALEXANDRIA, Va. — The Academy of Managed Care Pharmacy (AMCP) has named former National Association of Chain Drug Stores executive Edith Rosato chief executive officer. She succeeds Judith Cahill, who earlier this year announced that she would be retiring after 16 years as top executive at AMCP. During her 11 years at NACDS Rosato held

There is simply no one to replace DeMino

The people who founded, built and served the chain drug industry in this country during its halcyon days are rapidly disappearing from the scene. During the summer death claimed Charlie Bowlus, the founder and driving force behind ECRM. And last month the industry lost Len DeMino, one of its founding pharmacists, who died at age

Chain drug retailers think outside the box

Many drug chains can take justifiable pride in their efforts to rethink the shopping experience. Walgreen Co., Rite Aid Corp., the Katz Group, Kerr Drug and Lewis Drug are just some of the members of the trade class that have in recent years experimented with store formats as a means of extending their reach and