Articles from the CDR print editions. Limit this selection to a specific issue by selecting from BACK ISSUES & CATEGORIES.
WOONSOCKET, R.I. — CVS Caremark Corp. has received a two-year extension on its contract with the Teacher Retirement System of Texas (TRS) to provide pharmacy benefits for two years. The contract, which begins on September 1, is worth slightly less than $1 billion to CVS Caremark: It is valued at $480 million in 2011 and
BELLEVUE, Wash. — Drugstore.com has formed a multiyear partnership with optical store chain operator Luxottica Group SpA to expand online access to contact lenses in North America. Under the deal drugstore.com subsidiary Vision Direct Inc. (visiondirect.com) will collaborate with Luxottica to develop branded contact lens e-commerce sites for the latter’s North American business and provide
NEW YORK — Recession, unemployment, family, weather, an extra shopping day, convenience, price points under $10 and inventory management all impacted the 2009 holiday selling season. These factors combined to provide America’s chain drug retailers with a Christmas selling season most have gladly accepted — and a handful truly enjoyed. In terms of numbers, the
LONDON — Alliance Boots, the multifunctional global retailer and wholesaler, one that dominates the United Kingdom’s retail drug store segment, towers over Europe’s wholesale drug business and brings to the international retail community one of the planet’s dominant and most respected consumer goods brands, has been named the 2009 Global Chain Drug Retailer of the
MISSISSAUGA, Ontario — To hear Andy Giancamilli tell it, one of the surest avenues to success in business, as in life, is to be in the right place at the right time. Throughout the course of his 34-year career in community pharmacy and mass market retailing, the chief executive officer of Katz Group North America
NEW YORK — In just over a year as chief merchandising officer of Duane Reade Inc., Joe Magnacca has put his stamp on the chain in a way equaled by few other retailers. The newest and most recently remodeled Duane Reade stores are all but unrecognizable for New York City shoppers accustomed to older units
DEERFIELD, Ill. — In recognition of his leadership in a rapidly changing industry, the editors of Chain Drug Review have named Walgreen Co. senior vice president of pharmacy Kermit Crawford the Chain Drug Pharmacy Executive of the Year. Crawford is helping transform Walgreens’ approach to the retail pharmacy business, moving from a focus on dispensing
DEERFIELD, Ill. — The editors of Chain Drug Review have named Greg Wasson, president and chief executive officer of Walgreen Co., the publication’s 2009 Chain Drug Retailer of the Year. Wasson has earned the distinction for no less an accomplishment than reinventing America’s most revered drug chain, one that until recently had earned its reverential
DEERFIELD, Ill. — Chong Bang, Walgreen Co.’s general merchandise manager for photo and front-end services and the latest executive to oversee implementation of the company’s Customer-Centric Retailing (CCR) initiative, plans to leave the company later this month. He is joining Canadian chain Shoppers Drug Mart as senior vice president of merchandising. Bang, whose last day
WASHINGTON — Senators have dug in for a prolonged floor fight on health care reform, even after voting on their first two amendments. While lawmakers approved co-payment–free mammograms and other preventive services for women and rejected a Republican move to eliminate Medicare spending cuts, senators still faced weeks of debate, putting hopes for the passage
WASHINGTON — Pharmacy operators and drug wholesalers say they fear that a new Centers for Medicare and Medicaid Services (CMS) policy could prevent certain medications for chronic conditions from being covered by Medicare Part D. To minimize disruption on senior citizens and pharmacies, five pharmacy associations — including the National Association of Chain Drug Stores,
DEERFIELD, Ill. — Walgreen Co. continues to shuffle its upper management ranks, bringing in new executives and moving others to new roles. Most recently, divisional vice president of health law Laura Merten was named divisional vice president of compliance, loss prevention and profit sharing, replacing Chester Young, who will retire in January after 41 years
NEW YORK — Chain drug retailers posted strong sales gains in November. Overall sales for the trade class advanced 8.3% from results in the prior-year period, while same-store sales increased by 4%. Walgreen Co. was among the drug chains recording solid results for the month. It reported November sales of nearly $5.4 billion, up 8.7%.
BELLEVUE, Wash. — Online retailer drugstore.com inc. reported a strong start to its holiday selling season. On Cyber Monday, traditionally the kickoff of the online holiday shopping season, the company reported its highest number of orders ever. “While one day does not make the season, we are delighted that customers responded in record numbers to
