PROJ-SUN_1170x120_6-24-20

Jeffrey Woldt

Retailers and suppliers: It’s a partnership

Retailers and suppliers: It’s a partnership

NEW YORK — The increasing complexity of today’s consumer is making it ever more difficult to tailor stores to shoppers, retailers and suppliers said at the 2016 Chain Drug Review Category Management ­Roundtable in Manhattan. Conducted in tandem with Market Performance Group (MPG), the roundtable featured 20 executives representing the retailer and supplier viewpoints. Panelists

In retailing, change is now the only constant

In retailing, change is now the only constant

In the early 1960s, Bob Dylan, who was just awarded the Nobel Prize in Literature, asked his listeners to “… admit that the waters/Around you have grown/And accept it that soon you be drenched to the bone/If your time to you is worth savin’/Then you better start swimmin’ or you’ll sink like a stone/For the

NACDS flourishes with Anderson at the helm

NACDS flourishes with Anderson at the helm

Steve Anderson joined a select group of business leaders last month when he was recognized as trade association CEO of the year. As only the third winner of the honor, part of the Association Leadership Awards sponsored by CEO Update, the National Association of Chain Drug Stores president and chief executive officer earned a distinction

Lack of debate about health care troubling

Lack of debate about health care troubling

One of the more surprising aspects of the sad spectacle leading up to the election of a new president and new Congress in November is the lack of serious, sustained debate about health care. When the Patient Protection and Affordable Care Act was signed into law by President Obama in March 2010, the nation embarked

NACDS continues to extend its vision, reach

NACDS continues to extend its vision, reach

The NACDS Total Store Expo in Boston last month has several claims to distinction. In its fourth year, the event — which brings together aspects of the industry that the association previously addressed in three separate shows — hit its stride in terms of fostering interaction between retailers and suppliers, with the Meet the Market

Digital tech is upending status quo in health care

Digital tech is upending status quo in health care

CHICAGO — Retail pharmacy is no stranger to technology. For many years pharmacy operators and their supply chain partners have relied on computer-driven systems to ensure efficient distribution of products, assist pharmacists in dispensing and adjudicate insurance claims. The digital revolution is now bringing about an exponential change in technology’s impact not only on pharmacy,

As FTC weighs Rite Aid deal, WBA moves ahead

As FTC weighs Rite Aid deal, WBA moves ahead

It has been slightly more than nine months since Walgreens Boots Alliance agreed to acquire Rite Aid in a $17.2 billion all-cash transaction. Since that time, speculation about whether the Walgreens-Rite Aid merger will pass muster with the Federal Trade Commission has become a staple of discussion for people involved in community pharmacy and the

Rationalization of store base on the horizon

Rationalization of store base on the horizon

The second annual Amazon Prime Day was held this month and, despite early technical problems that slowed down the checkout process for some customers, it was another in a series of successes for the nation’s leading online merchant. The company reported that the event was the best day in Amazon.com’s 22-year history, with sales in

Analysis: Naming of co-COOs right step for WBA

Analysis: Naming of co-COOs right step for WBA

The appointment of Alex Gourlay and Ornella Barra as co-chief operating officers of Walgreens Boots Alliance signals the start of a new stage in the process of forging the two companies that came together to form WBA at the close of 2014 into a new corporate culture. The two executives, whose talent, experience and leadership

ACA progresses, but costs still a big hurdle

ACA progresses, but costs still a big hurdle

Several recent reports help illuminate the state of the nation’s health care reform efforts by examining progress under major aspects of the Affordable Care Act. President Obama signed the legislation into law in March 2010 with three overarching objectives — establishing new protections for health care consumers, enhancing access to care, and improving quality while

Payments issue shows Anderson at his best

Payments issue shows Anderson at his best

National Association of Chain Drug Stores president and CEO Steve Anderson recently provided the group’s members with an update about implementation of the new rule governing reimbursement to pharmacy operators for prescriptions filled under the Medicaid program. His remarks are of interest, both for what they say about the issue and for the style of

NACDS Foundation spurs health care research

NACDS Foundation spurs health care research

Decisions about health care will increasingly be based on evidence that, when applied to the individual circumstances of a patient, supports the efficacy and cost-effectiveness of one course of treatment over another. In the new world of health care, providers are striving to achieve better outcomes through enhanced quality and improved efficiency. To that end,

On RxImpact Day, Congress gets powerful message

On RxImpact Day, Congress gets powerful message

WASHINGTON — At a time when the American political system and legislative process are, more often than not, characterized by gridlock, and the ongoing presidential campaign is riddled with examples of what are seemingly new lows in civilized discourse and rational debate, it’s refreshing to see moments when our democracy functions properly. One day last

Battle to build scale is now a global contest

Battle to build scale is now a global contest

  McKesson Corp.’s agreement to acquire Rexall Health from Katz Group is notable in several respects. The transaction alters the balance of power in the Canadian pharmacy market. In addition, it offers confirmation, if any were needed, of the relentless drive among major players in the sector to increase their scale and, in the process,