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News

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

Another tough holiday sales season foreseen

NEW YORK — Chain drug retailers may well escape the worst of what is expected to be a poor holiday sales season. Drug chains have been outperforming other trade classes, and demand for flu shots is expected to help sustain their momentum, notwithstanding generally gloomy forecasts for retailers overall. According to the National Retail Federation

Duane Reade ramps up brand efforts

NEW YORK — Looking to solidify itself as New Yorkers’ drug chain of choice, Duane Reade Inc. has kicked off the second phase of a massive advertising campaign and launched an exclusive brand of food and beverages. Executives at the 250-store chain say the print ads on buses, subways, phone kiosks, billboards and other outdoor

Riedl to retire from Walgreens

Riedl to retire from Walgreens

DEERFIELD, Ill. — Drug store industry veteran George Riedl will leave Walgreen Co. at the end of the year. He currently serves as senior vice president of pharmacy innovation and purchasing for the retailer. Since March, Riedl has overseen the introduction of a new pharmacy system in Florida and Arizona that centralizes administrative tasks and

Thompson promoted by Rite Aid

CAMP HILL, Pa. — Robert Thompson has been promoted to executive vice president of pharmacy at Rite Aid Corp. Thompson, 56, had been the retailer’s senior vice president of pharmacy operations. A pharmacist and seasoned veteran of the drug store industry, he will oversee pharmacy operations, pharmacy purchasing and managed care. Thompson’s responsibilities also include

Mac Naughton accepts Wal-Mart Canada post

TORONTO — Duncan Mac Naughton has been named chief marketing officer at Wal-Mart Canada. The 47-year-old retail veteran had been executive vice president of merchandising and marketing at Supervalu Inc. “Duncan has been an integral part of our management team and has helped us lay the foundation for our company’s future success,” says Craig Herkert,

Retailers, suppliers speak out on community Rx issues

BOSTON — These days, everywhere community pharmacy operators turn there seems to be a new challenge. But in a roundtable discussion held by Chain Drug Review, industry executives indicated that they’re more than up to the task. Over the weekend, chain drug stores and other prescription drug providers began to feel the fallout from the

Rx groups ask HHS for relief from effects of AWP cuts

ALEXANDRIA, Va. — Following a court ruling earlier this month that lets insurers reduce the rate at which they reimburse pharmacies for filling prescriptions, industry advocates have appealed to federal regulators for help. In a letter to Health and Human Services Secretary Kathleen Sebelius, the National Association of Chain Drug Stores, National Community Pharmacists Association

DME regs new hurdle for retail pharmacy

ALEXANDRIA, Va. — Imminent deadlines for accreditation and bonding to provide durable medical equipment threatens pharmacies’ ability to care for Medicare patients with diabetes, say pharmacy advocates. Besides needing accreditation by October 1 to provide durable medical equipment, prosthetics, orthotics and supplies (DMEPOS), pharmacies and other suppliers must purchase a $50,000 surety bond per location

Bloom adds supply chain role at CVS

WOONSOCKET, R.I. — CVS Caremark Corp. has named Mike Bloom senior vice president of merchandising and supply chain. In his new role, Bloom will continue to be responsible for CVS’ front-end merchandising and category management, but he also will now oversee the chain’s distribution and inventory operations. Since joining CVS in 1991, Bloom has held

Senate health care reform bill raises concern

WASHINGTON — The Senate Finance Committee’s health care reform bill may shortchange pharmacies for Medicaid prescriptions, National Association of Chain Drug Stores president and chief executive officer Steve Anderson says. Anderson notes that following the unveiling of the bill, NACDS is “extremely concerned” about the consequences of the legislation’s 175% multiplier for federal upper payment

Walgreens hires CIO in latest staff moves

DEERFIELD, Ill. — Walgreen Co. has added three executives to its management ranks, including a new member of the senior leadership team. Tim Theriault, 49, is slated to join Walgreens on October 1 as chief information officer and senior vice president. He will oversee the drug chain’s information technology strategy as the company looks to

Wal-Mart rolls out free Rx mail delivery

BENTONVILLE, Ark. — Wal-Mart Stores Inc. has gone national with its free mail delivery prescription program. Begun in May with a pilot in Michigan, the mail-order program lets pharmacy patients receive 90-day supplies of more than 300 generic medications for $10. Patients can order their prescriptions through a toll-free telephone number or the retailer’s web

SDM’s Murale hits the retail scene in Toronto

SDM’s Murale hits the retail scene in Toronto

TORONTO — Shoppers Drug Mart’s third Murale specialty beauty store that opened here just before the Labor Day weekend incorporates all the refinements suggested by management’s experience with the two pilot outlets launched last fall. At 6,000 square feet, the Toronto store is slightly smaller than the Murale stores in Ottawa and Montreal that debuted

Drug chains do part in battle against flu

NEW YORK — Lewis Drugs this month continued a mass flu shot program, which is said to be unparalleled in the chain drug industry. The retailer held full-blown 13-hour seasonal flu immunization clinics at six stores in Sioux Falls, S.D., where it is based. Other clinics will take place in stores outside the city later