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News

Articles from the CDR print editions. Limit this selection to a specific issue by selecting from BACK ISSUES & CATEGORIES.

NACDS weighs in on House health bill

ALEXANDRIA, Va. — The National Association of Chain Drug Stores has praised House Speaker Nancy Pelosi (D., Cal­­if.) for supporting community pharmacy’s concerns in the health care reform bill that was expected to be passed by the House earlier this month. “Millions of Americans rely on their local pharmacy every day for prescription drugs and

Health care reform pace in question

WASHINGTON — A health care reform bill may not make its way out of Congress and onto President Barack Obama’s desk until early next year, lawmakers said earlier this month. “We’re not going to be bound by any timelines,” Senate Majority Leader Harry Reid said earlier this month. “We need to do the best job

Value Drug names ex-Rite Aid executive president

ALTOONA, Pa. — Former Rite Aid Corp. executive Greg Drew has become president of the regional drug wholesaler Value Drug Co. Drew, who most recently headed Pharmacy Expertise LLC, the consulting company he founded after leaving Rite Aid earlier this year, will be responsible for Value Drug’s long-term business development as well as all operations

Aurora agrees to sell food store pharmacies

MILWAUKEE — Aurora Pharmacy is exiting the supermarket prescription drug business. The company this month said it has agreed to sell 30 pharmacies, mostly in-store locations, to Roundy’s Supermarkets Inc. and Walgreen Co. Terms of the deals were not disclosed. Roundy’s is buying 20 Aurora-operated pharmacies inside its Pick ’n Save and Copps stores in

Vaccine shortages hinder fight against flu

NEW YORK — The nation is facing a severe shortage of seasonal flu and H1N1 vaccines, a situation that many federal and independent health officials agree was unavoidable because the global swine flu pandemic has heightened demand for all flu immunizations well beyond the production capabilities of vaccine manufacturers. But many of those officials also

Webinars ready industry for CPSIA

ALEXANDRIA, Va. — With the deadline for the certification requirements of last year’s Consumer Products Safety Improvement Act (CPSIA) set to go into effect early next year, the National Association of Chain Drug Stores is holding a series of online educational forums to help suppliers and retailers prepare for the new regulations. Signed into law

Rite Aid refinances portion of debt

CAMP HILL, Pa. — Rite Aid Corp. has completed a plan to refinance debt maturing in September 2010. Executives at the heavily leveraged drug chain say the transaction, which refinances first- and second-lien accounts receivable securitization facilities, eliminates refinancing and liquidity risk for the next two years. They note that as of October 23, $475

Duane Reade makes statement in beauty

Duane Reade makes statement in beauty

NEW YORK — Duane Reade Inc. has staked its claim to the luxury beauty market. The drug chain’s just-opened 24-hour store in Manhattan’s Herald Square features its new Look Boutique with prestige brands in high-end displays. Fragrance testers, a premium skin care section, exclusive brands and a “brow bar” offering eyebrow shaping are among the

Walgreens provides a ‘food oasis’

CHICAGO — Walgreen Co. has become an oasis in the “food desert” here. The chain has bulked up its food offerings in two Chicago stores to meet the needs of residents underserved by grocers, and it plans to do the same in nine other outlets in the city, mostly on the south side. If the

Rexall achieves success thinking outside the box

MISSISSAUGA, Ontario — As drug chains across North America continue to evolve, many are exploring new ways to expand their business going forward. At the Katz Group’s Rexall chain, that has meant putting a greater emphasis on health care and delivering cost-effective solutions for businesses. “We have always been a health care provider first,” says

Wal-Mart turns up heat in H&BAs

BENTONVILLE, Ark. — Wal-Mart Stores Inc. has given its health and beauty aids business a major boost by making the products available through its web site, Walmart.com. The site has become the country’s second-busiest retail site, trailing only Amazon.com, but until now it has not offered health and personal care items. Although the retailer does

NACDS blasts Rx importation

ALEXANDRIA, Va. — The National Association of Chain Drug Stores has sent a letter to Senate leaders voicing strong opposition to legislation that would permit personal and commercial importation of prescription drugs. According to NACDS, the Pharmaceutical Market Access and Drug Safety Act of 2009 (S. 1232) mandates expensive and unproven track-and-trace requirements for the

Rite Aid promotes Rx executives

CAMP HILL, Pa. — Rite Aid Corp. has promoted retail pharmacy veteran Dan Miller to senior vice president of pharmacy. Filling Miller’s former post as vice president of pharmacy operations is Karen Staniforth, who was promoted from regional pharmacy vice president. Miller, 53, a pharmacist with 30 years of retail pharmacy experience, will oversee day-to-day