Lupin 2024

pharmacy

For chain drug stores, Rx still the anchor

For chain drug stores, Rx still the anchor

Chain drug store operators are unique among mass market retailers in many ways, none more dramatic than the separation of the pharmacy and front-end businesses. In fact, they are actually two separate businesses, neither overly dependent on the other for success. So it is that the success in pharmacy of a retailer like Walgreens Boots

Barra steps down as Target exec VP

MINNEAPOLIS — Target Corp. executive vice president of merchandising Jose Barra, whose areas of responsibility included the retailer’s pharmacy business, is leaving the company. His departure is the latest in a series of executive changes at Target under chairman and chief executive officer Brian Cornell. Barra was promoted to executive vice president of merchandising last

McKesson ideaShare 2015 kicks off

McKesson ideaShare 2015 kicks off

SAN DIEGO — McKesson Corp.’s ideaShare 2015 is underway this week at the San Diego Convention Center. The event, which runs through Saturday, provides an interactive forum for independent pharmacists from across the country to share ideas for growing their businesses, according to McKesson, which says that the annual event provides attendees with access to

CVS Health to buy Target’s pharmacy business

CVS Health to buy Target’s pharmacy business

WOONSOCKET, R.I. – CVS Health plans to acquire Target Corp.’s U.S. pharmacy and retail health clinics businesses for about $1.9 billion. CVS said Monday that it will buy more than 1,660 Target pharmacies across 47 states and operate them through a store-within-a-store format and that every new Target store that offers pharmacy services will include

Walgreens executes on single customer strategy

Walgreens executes on single customer strategy

DEERFIELD, Ill. — Richard Ashworth has an unprecedented role at Walgreens. In his job as president of pharmacy and retail operations, he brings together operational responsibility for the pharmacy and the front end, giving substance to the idea that a better customer experience will result by uniting the two parts of the drug store. Efforts are well under way

Power of scale can help unlock value

A lot of uncertainty surrounds the future of health exchanges, but one thing is clear: Customers will have more information about and more transparency into what their health dollars buy — and thus more power to choose. As providers compete on this somewhat leveled playing field, they will be pressured to find new ways to

Shoppers Drug Mart parent is targeting investments

BRAMPTON, Ontario — Loblaw Cos., the parent of Canada’s largest supermarket and pharmacy chains, including Shoppers Drug Mart, plans to invest more than $1.2 billion (Canadian) in its business in 2015. The money will fund new stores and renovations, as well as an expansion of Loblaw’s e-commerce capabilities and improvements to supply chain and information

Target Express enhances chain’s local flavor

Target Express enhances chain’s local flavor

Target is officially in the convenience store business. Earlier this month the Minneapolis-based mass merchant opened two slimmed-down stores in the San Francisco Bay area. The first opened in downtown San Francisco, the second across the Bay in the college town of Berkeley. These units are the second and third “Express” stores Target has opened

In Alberta, patients respond positively to expanded reach of Rx

CALGARY, Alberta — “Before the introduction of the expanded services three years ago, our pharmacists at the end of a busy day would often be physically exhausted. Now at the end of their shifts on a day with a similar volume of traffic they are likely to be mentally, as well as physically, exhausted,” says

Telemedicine and the future of retail health clinics

It’s Monday morning and you wake up with a throbbing headache, stuffy and dizzy, recognizing that the next thing you absolutely positively need to hear is, “The doctor will see you now.” You roll over in bed, pick up your tablet, open your accountable care organization’s (ACO’s) telemedicine app, and in a few minutes you

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