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Jean Coutu Group

More M&As expected to shake up retail Rx

More M&As expected to shake up retail Rx

NEW YORK — As much as the chain drug industry has consolidated, there is room for more mergers and acquisitions. That’s evident from the M&A speculation swirling about the sector in the U.S. and Canada, as well as recent activity. Lending credibility to the speculation is none other than Walgreens Boots Alliance (WBA) chief executive

Pharmacy fuels 2Q sales at Jean Coutu stores

Pharmacy fuels 2Q sales at Jean Coutu stores

LONGUEUIL, Quebec — Gains in the pharmacy offset slow front-end business to lift sales for Jean Coutu Group’s retail store network in the fiscal 2016 second quarter. Jean Coutu said Wednesday that for the second quarter ended Aug. 29., revenue for the franchised store network rose 2.6% to nearly $1.034 billion (Canadian) from about $1.008

Jean Coutu readies for expanded pharmacist services

Jean Coutu readies for expanded pharmacist services

LONGUEUIL, Quebec — The Jean Coutu Group is prepping patients and pharmacists for expanded health care services now available through pharmacies in Quebec. In late June, Quebec implemented Bill 41, which amended the province’s Pharmacy Act to enable pharmacists to provide certain health care services previously performed only by doctors. The legislation was passed in

Jean Coutu Group tallies sales gains in 1Q

Jean Coutu Group tallies sales gains in 1Q

LONGUEUIL, Quebec — Pharmacy and over-the-counter drug sales helped drive revenue gains in the fiscal 2016 first quarter for the Jean Coutu Group’s retail store network. The Canadian drug chain said Tuesday that for the first quarter ended May 30, sales for the franchised store network rose 4.4% to nearly $1.063 billion (Canadian) from $1.018

Sales at Jean Coutu rise in 4Q, full year

Sales at Jean Coutu rise in 4Q, full year

LONGUEUIL, Quebec — The Jean Coutu Group reported increased corporate and retail store sales for its fiscal 2015 fourth quarter and full year but saw net income dip in both periods. The Canadian drug chain said Wednesday that for the fourth quarter ended Feb. 28, sales in its franchised store network total $1.099 billion (Canadian), up

Jean Coutu Group connects with its customers

Jean Coutu Group connects with its customers

LONGUEUIL, Quebec — Through its ability to forge solid relationships with shoppers, both those in the pharmacy and those at the front end, the Jean Coutu Group has been able to retain loyal customers as well as attract new clientele, according to president and chief executive officer François ­Coutu. “Our patient profiles and the other

Jean Coutu offers kit for new moms

Jean Coutu offers kit for new moms

LONGUEUIL, Quebec — The pharmacist owners affiliated with the Jean Coutu network are offering a free “New Mom Starter Kit” to customers. The Canadian drug chain said the kit will be distributed at the prescription counters in all Jean Coutu pharmacies. Contained in a fabric pouch that is designed to fit easily into a maternity

Jean Coutu breaks ground on new HQ site

LONGUEUIL, Quebec — Jean Coutu Group has begun construction of its new headquarters and distribution center in Varennes, Quebec. The Canadian drug chain broke ground on the 3.4 million-square-foot site Friday in a ceremony attended by chairman Jean Coutu, president and chief executive officer François Coutu, and other company executives, as well as Varennes mayor