The National Association of Chain Drug Stores Annual Meeting in Palm Beach, Fla., drew retailers and suppliers for four days of discussions about chain drug industry issues. In addition to business sessions and strategic exchange appointments, the itinerary included Meet the Retailer sessions and additional networking opportunities and social events.
BOISE, Idaho — Albertsons Cos. has promoted Sean Barrett to senior vice president of advertising and marketing. Barrett has been at Albertsons since 2015. At the time of his promotion, he was serving on the retailer’s own brands team as group vice president of innovation, product and brands. “Sean’s depth of expertise in retail makes
WOONSOCKET, R.I — Marshall, Mo.-based Red Cross Pharmacy Inc. plans to sell its retail pharmacies to CVS Pharmacy, both companies announced last month. Red Cross Pharmacy is a top-50 drug store chain and one of the oldest pharmacy businesses in the country. The acquisition of the 14 Red Cross pharmacies will be effective June 6.
PALM BEACH, Fla. — A group of 19 high-profile women in the retail and health care industries formally announced the creation of an organization called WE during a reception at the National Association of Chain Drug Stores Annual Meeting here last month. The mission of WE, derived from the first two letters in well, is
WOONSOCKET, R.I. — CVS Health last month named Dr. Marc-David Munk as the new chief medical officer of MinuteClinic, the company’s retail medical clinic subsidiary, as well as associate chief medical officer of CVS Health. In his new role, Munk will lead and oversee MinuteClinic’s patient care strategies, with a focus on ensuring that MinuteClinic
WASHINGTON — The role of National Association of Chain Drug Stores members in the conversation about improving health care and addressing related societal challenges was on display during the 15th Annual World Health Care Congress, held here last month. The World Health Care Congress brought together decision makers from payer, provider, pharmaceutical, government and solutions
MEMPHIS — Mike Bloom resigned late last month as chief executive officer of struggling Fred’s Inc. Secretary and chief financial officer Joseph Anto was named interim CEO. The resignation came after the chain postponed the release of its fourth quarter and 2017 full-year results. The retailer pushed back the release date when it announced plans
NEW YORK — By all accounts, opioid abuse in the U.S. has reached epidemic proportions. President Trump has declared the problem a “national health emergency,” with the White House stating the situation is likely to get worse before it gets better — a view shared by most, including the Centers for Disease Control and Prevention
SEATTLE — Amazon.com has dropped a plan to sell pharmaceutical products to hospitals due to the project’s complexity, reported CNBC, citing sources familiar with the matter. The setback illustrates the challenges Amazon faces in getting into the medical supply and pharmaceutical space, CNBC reported. Amazon has struggled to convince hospitals to alter a purchasing process
WOONSOCKET, R.I. — Kevin Hourican was promoted last month to president of CVS Pharmacy, the retail division of CVS Health. Hourican, who most recently served as the company’s executive vice president of retail pharmacy, had been serving as interim president of the drug chain following the departure of Helena Foulkes, who left to head Hudson’s
PALM BEACH, Fla. — Speakers at the National Association of Chain Drug Stores Annual Meeting here last month argued that retailers need to respond to new consumer priorities and competitive pressures by embracing change while preserving and building on their traditional strengths. Mark Panzer, senior vice president of pharmacy, health and wellness at Albertsons Cos.,
WASHINGTON — Two protectionist policies being considered by the White House would result in significant job losses, according to research released by the National Retail Federation. Withdrawal from the North American Free Trade Agreement (NAFTA) and tariffs against China would both cost domestic jobs, NRF found. The Trump administration’s proposed tariffs on $50 billion of
The National Association of Chain Drug Stores Annual Meeting last month in Palm Beach, Fla., unfolded against a backdrop of rapid-fire change in community pharmacy and the broader retailing and health care sectors. Leaders of many of the nation’s top mass market retailers, including discounters, supermarkets, dollar stores and even online merchants, as well as
While 2018 looks to be on pace to continue the recent fervid spate of traditional mergers and acquisitions — measured in terms of number of deals, size of deals, or both — it may be best remembered as the year that a bold new approach to M&As that we call “neumarkets” revolutionized retailing and a
