January 4, 2018 by Jeffrey Woldt and Chain Drug Review
Chain Drug Review, H-E-B, Industry Leadership Award, Martin Otto, NACDS, NACDS chairman, National Association of Chain Drug Stores, Steve Anderson
2018, Featured Articles, Issue 01-01-2018, Issues, Leading Headlines, News, Retail News
SAN ANTONIO — Even the best-run, most effective organizations can benefit from occasionally reconsidering their work in a new light. The National Association of Chain Drug Stores is a case in point. Long viewed as the country’s preeminent retail trade group, NACDS has in recent months broadened and deepened its already formidable commitment to the
January 3, 2018 by Jeffrey Woldt and Chain Drug Review
Chain Drug Review, CVS Health, CVS Pharmacy, Kevin Hourican, Pharmacy Executive of the Year, ScriptPath
2018, Featured Articles, Issue 01-01-2018, Issues, Leading Headlines, News, Pharmacy, Retail News
WOONSOCKET, R.I. — Kevin Hourican is a relative newcomer to community pharmacy, but that hasn’t prevented him from helping CVS Health live up to its positioning as a pharmacy innovation company. Since being named executive vice president of retail pharmacy and supply chain 18 months ago, Hourican, who was trained in economics and supply chain
January 2, 2018 by Jeffrey Woldt and Chain Drug Review
Alex Gourlay, Chain Drug Review, Ornella Barra, Retailer of the Year, Retailer of the Year Award, Rite Aid, Walgreens, Walgreens Boots Alliance, WBA
2018, Featured Articles, Issue 01-01-2018, Issues, Leading Headlines, News, Retail News
DEERFIELD, Ill. — To the casual observer, the dominant story line at Walgreens might appear to be the phased acquisition of 1,932 drug stores and related assets from Rite Aid Corp., and plans for their subsequent assimilation. But, important as the deal is, it shouldn’t be allowed to obscure other compelling developments at Walgreens Boots
January 1, 2018 by Chain Drug Review
Affordable Care Act, B. Douglas Hoey, Bill Pascrell, federal tax overhaul, individual mandate, John Barrasso, John Cornyn, Jon Kingsdale, Lindsey Graham, Matthew Shay, Medicaid expansion, National Community Pharmacists Association, National Retail Federation, Obamacare, Sherrod Brown, tax reform legislation
2018, Issue 01-01-2018, Issues, Leading Headlines, News
WASHINGTON — The individual mandate is no more. The requirement under the Affordable Care Act that people pay a penalty if they do not obtain health insurance was eliminated in the federal tax overhaul passed by Congress. After the Senate approved the tax reform legislation 51-48, Trump tweeted, “Terrible Individual Mandate (ObamaCare) Repealed.” He signed
January 1, 2018 by Bill Schiffner
Gary Senecal, Jeff Leger, Loblaw, Mike Motz, Shoppers Drug Mart
2018, Issue 01-01-2018, Issues, News
TORONTO — Jeff Leger has been appointed president of Shoppers Drug Mart, succeeding Mike Motz, who has been promoted to chief operating officer of SDM parent Loblaw Cos. Leger had previously served as executive vice president of pharmacy and health care for both Loblaw and Shoppers Drug Mart stores. Prior to that, he was senior
January 1, 2018 by Geoff Walden and Chain Drug Review
chain drug store holiday sales, Heather Hughes, holiday retail sales, Jack Kleinhenz, National Retail Federation, Phil Rist, Prosper, Walgreens
2018, Issue 01-01-2018, Issues, News
NEW YORK — Chain drug store holiday sales bettered last year’s results, with total dollar volume rising more than 4% and same-store sales advancing 1.8%. In comparison to the 2016 holiday retail sales season, when anxiety over the new administration may have peaked, consumer confidence was up this year, propelled by income gains and the
January 1, 2018 by Bill Schiffner
Britt Vitalone, Chris Dimos, Cigna, Cigna Pharmacy, Health Mart, James Beer, John Hammergren, McKesson, McKesson U.S. Pharmaceutical, Steve Courtman
2018, Issue 01-01-2018, Issues, News
SAN FRANCISCO — McKesson Corp. announced two key personnel moves, including the promotion of Chris Dimos to president of retail solutions for McKesson U.S. Pharmaceutical and Specialty Health. Dimos will now oversee the Health Mart pharmacy network, taking over from Steve Courtman, who left the company to join health insurer Cigna as senior vice president
January 1, 2018 by Brian Bossetta and Chain Drug Review
Aphria, Galen Weston, Loblaw, medical cannabis, medical marijuana, medical-grade cannabis, MedReleaf, Shoppers Drug Mart, Vic Neufeld
2018, Issue 01-01-2018, Issues, News
TORONTO — Canada’s largest retail pharmacy, Shoppers Drug Mart (SDM), is set to become a licensed dispenser of medical marijuana, pending approval from Health Canada, the Canadian government’s department of public health. In anticipation of that approval, medical marijuana producer MedReleaf recently said it has signed an agreement with SDM to become a medical cannabis
January 1, 2018 by Bill Schiffner
Arbor Drugs, Eugene Applebaum, Eugene Applebaum College of Pharmacy
2018, Issue 01-01-2018, Issues, News
BLOOMFIELD HILLS, Mich. — Eugene Applebaum, who built his Dearborn, Mich., pharmacy into a major regional drug store chain called Arbor Drugs, passed away last month in his home at the age of 81. Applebaum made a name for himself as an entrepreneur, growing the Arbor Drugs chain from a single store, Civic Drugs, opened
January 1, 2018 by Jeffrey Woldt and Chain Drug Review
Aetna, Affordable Care Act, CVS Health, CVS-Aetna merger, Jeffrey Woldt, Larry Merlo, Matthew Shay, National Retail Federation, Rite Aid, Tax Cuts and Jobs Act, Walgreens Boots Alliance
2018, Issue 01-01-2018, Issues, Opinion
A case could be made that for pharmacy operators passage of the Tax Cuts and Jobs Act late last month was the biggest story of 2017. Championed by the Republican leadership in Congress and President Trump, the $1.5 trillion measure will provide substantial, permanent tax relief for businesses — the corporate tax rate was cut
January 1, 2018 by Travis Jackson and Chain Drug Review
. This political stalemate isn’t entirely new. Americans have fought over the federal, Centers for Medicare & Medicaid Services, health coverage reform, King & Spalding, Medicare Advantage, Travis Jackson, U.S. health care system, value-based care
2018, Issue 01-01-2018, Issues, Leading Headlines, Opinion
The U.S. health care system does not work well for patients or providers. We now pay twice as much as other developed countries for health care, and the Centers for Medicare & Medicaid Services (CMS) expects Americans will spend $1 out of every $5 on health care by 2025. Our country does not get much
January 1, 2018 by Brian Bossetta
Council for Responsible Nutrition, CRN, dietary supplement market, Duffy MacKay, Hamacher Resource Group, Supplement Online Wellness Library, Supplement OWL, UL
2018, Issue 01-01-2018, Issues, News
WASHINGTON — The Supplement Online Wellness Library (OWL) — a dietary supplement product registry developed by the Council for Responsible Nutrition (CRN) and launched in spring 2017 — is an industrywide self-regulatory initiative that aims to create a more complete picture of the dietary supplement market for regulators, retailers and the industry. The registry is
December 27, 2017 by Brian McDonagh, Gregg Lipman and Chain Drug Review
Aetna, Brian McDonagh, CBX, CVS Health, CVS-Aetna deal, CVS-Aetna merger, Gregg Lipman, MinuteClinic
2018, Issue 01-01-2018, Issues, Leading Headlines, Opinion
The pending $69 billion acquisition of Aetna by CVS could yield valuable lessons for others in the health care and drugstore sectors as they seek to forge stronger ties to consumers. What interests us here is the potential for the CVS-Aetna merger to create new, meaningfully differentiated brand experiences for consumers. CVS has nearly 10,000