The National Association of Chain Drug Stores recently announced the passing of two industry veterans, Jerome Weinberger and Dave Berman. Weinberger, the former chief executive officer of Gray Drug Stores, died last month. Along with his career at Gray, Weinberger served as the chairman of NACDS from May 1976 through April 1977 and was involved
SHELTON, Conn. — Walmart has the largest retail share in the $40 billion personal care market, but CVS Pharmacy and Walgreens are leading the way in driving deals for consumers, according to TABS Analytics. Walmart holds a 19.4% share of personal care purchases, followed by traditional supermarkets (such as Kroger Co. and Publix Super Markets
POINT PLEASANT, W.Va. — Drug abuse, including the abuse of prescription painkillers, has reached epidemic proportions in the U.S., and no state has been hit harder than West Virginia. Fruth Pharmacy, according to company chairman and president Lynne Fruth, is trying to make a difference in the lives of those in its communities who are
POINT PLEASANT, W.Va — West Virginia is a better place to live today because of Jack Fruth, says Lynne Fruth, president and chairman of Fruth Pharmacy, the company Jack Fruth, her father, founded in 1952. Fruth says her father believed in paying success forward by making a positive impact on the community, and that philosophy
Changes in the nation’s health care system have made pharmaceutical distributors more important than ever. Large pharmacy operators have strengthened their alliances with the Big Three Wholesalers to maximize purchasing power, augment operational efficiency and work through such challenges as implementation of new federal regulations to ensure a secure supply chain. The role of drug
April is here — and still no resolution on the pending acquisition of Rite Aid Corp. by Walgreens Boots Alliance Inc. As time stretches out, this indecision bodes ill for an acquisition that was until recently viewed as an agreement with benefits for both parties. Now, confusion is apparently overtaking certainty — and there is
The U.S. beauty and personal care market has been barely inching upward, with only 3% growth over the past five years. As the next five years don’t hold out great hope of any faster gains, industry leaders have been seeking bigger returns through inorganic growth — which has often meant acquiring both smaller, more innovative
WOONSOCKET, R.I. — CVS Health has named Jon Roberts to the new position of executive vice president and chief operating officer. Roberts, who was president of the CVS Caremark pharmacy benefits management unit, will continue to report to CVS Health president and chief executive officer Larry Merlo. The company said that in his new position
WASHINGTON — President Donald Trump has called for bipartisan support for an overhaul of the Affordable Care Act, but his own party was divided on the issue. In his first speech to a joint session of Congress, Trump asked Republicans and Democrats “to save Americans from this imploding Obamacare disaster.” Reiterating his campaign rhetoric, the
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) has promoted Steve Turner to vice president and chief information officer at Walgreens, effective April 1. He succeeds outgoing CIO Abhi Dhar, with whom he is working closely to transition responsibilities. Dhar is leaving to serve as cofounder and chief executive officer of a digital start-up based
TOMS RIVER, N.J. — Rite Aid Corp.’s RediClinic retail health clinic subsidiary is approaching a milestone. With the grand opening of six clinics late last month — inside Rite Aid stores in Toms River (two locations), Belford, Little Egg Harbor, Neptune and Old Bridge, N.J. — RediClinic has 99 locations overall. The 100th is due
BENTONVILLE, Ark. — Walmart plans to make the shopping experience faster and easier for its pharmacy customers with the addition of express lanes in its stores and a new feature in its mobile app. The Walmart mobile app’s “easy refill” feature will allow patients — after a simple, one-time setup — to quickly refill prescriptions,
ARLINGTON, Va. — The National Association of Chain Drug Stores has joined with more than 200 members of the Americans for Affordable Products coalition to lay out a case to Congress against the Border Adjustment Tax. The BAT is included in the House Republican leadership’s “Better Way” plan for tax reform. In a letter to
WOONSOCKET, R.I. — CVS Pharmacy said it has removed partially hydrogenated oils (PHOs) from its store-brand food offerings. Since January, the company has been selling more than 600 grocery and snack options without PHOs, the primary source of artificial trans fats in processed food. PHOs have been linked to rising rates of heart disease. The
