August 22, 2014 by Chain Drug Review
Issue 08-25-2014, Opinion
Mass market and chain drug retailing are in a bit of a funk lately. According to Nielsen, industry sales grew less than 2% last year, the worst gain in the last 10 years. This was coming off a lackluster 2% from 2012. The mega-consumer packaged goods manufacturers — the P&Gs, PepsiCos and Krafts of the
August 22, 2014 by Chain Drug Review
Issue 08-25-2014, Opinion
In a multipart series during 2014, our team will examine key product attributes and marketing tactics from two different perspectives — the retail buyer and the consumer/shopper. We believe readers will benefit from an objective picture of the viewpoints that contribute to a product’s success at retail. In this column, let’s explore how a product’s
August 22, 2014 by Chain Drug Review
Issue 08-25-2014, Opinion
Since launching in 2009, Pinterest has been one of the fastest-growing digital platforms. Users love its visual layout, curated boards and intuitive mobile app. Some marketers joined Pinterest early and quickly embraced the platform with organic content strategies that provide value to Pinterest users. But most companies join Pinterest and apply a Facebook-like approach, complete
August 22, 2014 by Chain Drug Review
Issue 08-25-2014, Opinion
The cosmetics industry is going the way of fashion in terms of uptick in mergers-and-acquisitions activity, with a push toward globalization and an emphasis on branding and intellectual property. In the last couple of years, in particular, we’ve seen a spike in deals throughout the fashion, footwear and cosmetics sectors, opening a window of opportunity
August 11, 2014 by Peter Pan and Chain Drug Review
Business, Issue 08-11-2014, News, Retail News
TORONTO — When the acquisition of Shoppers Drug Mart (SDM) by Loblaw Cos. was concluded in March of this year, no changes in the senior management of either company were made, but commentators speculated that some significant shifts in responsibility would soon follow. Those predictions proved justified.TORONTO — Last month Loblaw announced changes in its
August 8, 2014 by Chain Drug Review
Issue 08-11-2014, News
WOONSOCKET, R.I. — CVS Caremark Corp. has agreed to acquire Miami-based Navarro Discount Pharmacy, the largest Hispanic-owned drug chain in the United States.Terms of the acquisition transaction, which is subject to customary closing conditions, were not disclosed. The acquisition will give CVS Navarro’s 33 drug stores and Navarro Health Services, a specialty pharmacy that serves
August 8, 2014 by Chain Drug Review
Issue 08-11-2014, News
DEERFIELD, Ill. — Kermit Crawford, president of pharmacy, health and wellness at Walgreen Co., will retire at the end of this year. He will, however, continue to serve as a senior counselor to president and chief executive officer Greg Wasson.“Words cannot capture the magnitude of Kermit Crawford’s impact on Walgreens and our people, on America’s
August 8, 2014 by Chain Drug Review
Issue 08-11-2014, News
BENTONVILLE, Ark. — Walmart has promoted Greg Foran to the position of president and chief executive officer of Walmart U.S., replacing Bill Simon.Simon, who had held that post at Walmart’s flagship division since June 2010, is slated to transition out of the company. He will remain available on a consulting basis for six months. Foran
August 8, 2014 by Chain Drug Review
Issue 08-11-2014, News
MINNEAPOLIS — Target Corp. has appointed Brian Cornell chief executive officer and chairman of the board.Cornell is the first outsider to occupy the CEO’s position at Target. He most recently was CEO of PepsiCo Inc.’s Americas Foods division and previously served as president and CEO of Sam’s Club. “As we seek to aggressively move Target
August 8, 2014 by Chain Drug Review
Issue 08-11-2014, News
CAMP HILL, Pa. — Darren Karst has been named executive vice president and chief financial officer of Rite Aid Corp. He succeeds Frank Vitrano, who is retiring. According to Rite Aid, Vitrano will retire in September 2015. Until then, he will retain chief administrative officer responsibilities for information technology, real estate and indirect procurement functions.
August 8, 2014 by Chain Drug Review
Issue 08-11-2014, News
DEERFIELD, Ill. — Walgreen Co. has expanded its Balance Rewards loyalty program with new features that promote and support healthful behaviors. The new initiative includes behavior change training based on a methodology developed by psychologist B.J. Fogg. The new “Balance Rewards for healthy choices” program is designed to help participants modify or reduce risky behaviors
August 8, 2014 by Chain Drug Review
Issue 08-11-2014, News
WOONSOCKET, R.I. — CVS/pharmacy has become the first pharmacy in the nation to earn the new Community Pharmacy accreditation from URAC, the leading health care accreditation organization that establishes quality standards for the health care industry. All CVS/pharmacy and Longs Drug Store locations nationwide have earned this accreditation. URAC’s Community Pharmacy Accreditation program was developed
August 8, 2014 by Chain Drug Review
Issue 08-11-2014, News
MISSISSAUGA, Ontario — Warren Jeffery has returned to Rexall Pharma Plus as chief operating officer. He had retired from the chain in 2011 as chief development officer and interim chief merchandising officer. Jeffery will lead store operations, merchandising, real estate and acquisitions with the objective of accelerating growth. “Rexall’s strategy has never been more compelling,
August 8, 2014 by Chain Drug Review
Issue 08-11-2014, News
WASHINGTON — Conflicting court rulings on the Affordable Care Act are unlikely to have an immediate impact on pharmacies, says Don Bell, senior vice president of legal affairs and general counsel at the National Association of Chain Drug Stores. The District of Columbia appeals court’s decision that tax credits cannot be offered to individuals purchasing