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Issue 04-22-2013

Top 10 Chain Drug Retailers

Top 10 Chain Drug Retailers

NEW YORK — The leading chain drug retailers upheld their position in the industry last year as ranked by key financial measures. Walgreen Co. again was at the top in sales ($71.63 billion), followed by CVS Caremark Corp. ($63.65 billion, retail pharmacy sales only), Rite Aid Corp. ($25.39 billion) and Shoppers Drug Mart Corp. ($10.50

Griffin puts NACDS in perspective

SIOUX FALLS, N.D. — As the National Association of Chain Drug Stores’ longest-serving board member, Lewis Drug chief executive officer Mark Griffin has seen a lot of change. Mark Griffin First elected to the board in 1987, Griffin, who just recently passed the longevity record held by former CVS Caremark president, chief executive officer and

Beauty Boutique rebranded by Shoppers Drug Mart

TORONTO — Shoppers Drug Mart has taken its 10-year-old Beauty Boutique concept to another level. Rebranded as the Beauty Boutique by Shoppers Drug Mart, the upscale beauty department features a broadened mix, some of Canada’s leading beauty advisors and a new interactive website. The new name builds awareness of the boutique, and links it more

Bigger role for pharmacy is envisioned in Canada

TORONTO — Canada’s pharmacy community can cut the country’s health care costs by up to $11 billion (Canadian) over three years by bringing more cost-effective care to more people, a new report says. The document, “9000 Points of Care: Improving Access to Affordable Healthcare,” pre­sents pharmacy initiatives to improve outcomes, deliver greater value and enhance

Respected independent passes torch to Fruth Pharmacy

IRONTON, Ohio — Fruth Pharmacy will soon mark the opening of its second location in Ironton, Ohio, and its 27th store overall. A celebration is planned for April 29 through May 1 with grand-opening specials. The chain bought the downtown Third Street outlet from Jim Staley. When Staley was considering retirement, he spoke with Fruth

Walgreens adds dimension to Balance Rewards

DEERFIELD, Ill. — Walgreen Co. has expanded the opportunities for members of its Balance Rewards customer loyalty program to earn points for healthy behavior. The program, which was launched last September, has already awarded more than 15 million points for healthy ­behavior. Previously, members have earned points for physical activity by participating in the Walk

How chain drug store pharmacies rate with consumers

NEW YORK — Customers rate chain drug pharmacies highly on their convenience, the interaction with their staffs and their performance in filling prescriptions, but their prescription pricing draws far fewer accolades. Those are the key findings of Boehringer Ingelheim’s Pharmacy Satisfaction Pulse survey, an online poll of 34,424 adult pharmacy customers. All survey participants had

Duane Reade offers mobile app via iTunes store

NEW YORK — Duane Reade chain has launched its first mobile application for iOS devices. The free app, which is available in Apple’s iTunes Store, facilitates and enhances customer access to Duane Reade pharmacy services, photo printers, prescription refills, Balance Rewards offers, account information and in-store maps. The latest move is part of Duane Reade’s

Two execs move up at NACDS

ARLINGTON, Va. — National Association of Chain Drug Stores staff members Roy McGrath and Alex Adams have been promoted. McGrath was named vice president of business development and conventions. He had been director of business development and conventions. McGrath has served NACDS in a number of capacities since joining the organization in 1997, including manager

Take Care Clinics extend reach to chronic conditions

DEERFIELD, Ill. — Walgreen Co. has expanded the scope of its Take Care Clinics to include handling such chronic diseases as diabetes, asthma and high blood pressure. “With this service expansion, Take Care Clinics now provide the most comprehensive service offering within the retail clinic industry and can play an even more valuable role in

CVS Caremark’s generics dispensing push pays off

WOONSOCKET, R.I. — CVS Caremark Corp.’s generics dispensing rate (GDR) reached 77.4% last year, reducing commercial clients’ traditional drug spending by 3.6%, the company’s annual “Insights” report found. The company’s focus on medication adherence saved pharmacy benefit manager clients over $643 million in 2012, the study says. CVS Caremark’s industry-leading GDR is the result of