Clik here to view.
WBA strikes new agreement with Rite Aid
DEERFIELD, Ill. — The long, drawn-out quest of Walgreens Boots Alliance Inc. (WBA) to acquire Rite Aid Corp. took another unexpected turn this morning when the two companies announced a new agreement...
View ArticleClik here to view.
NACDS underscores pharmacy’s health care role
WASHINGTON — National Association of Chain Drug Stores board members from around the country met with House and Senate leaders this week to promote pharmacy’s role in affordable, accessible and quality...
View ArticleClik here to view.
Walgreens Boots Alliance sees solid 3Q results
DEERFIELD, Ill. — Analysts said Walgreens Boots Alliance turned in a solid third quarter and stands to emerge on a positive note from its new deal with Rite Aid Corp. upon the termination of their...
View ArticleClik here to view.
Sales decline in June at Fred’s Pharmacy
MEMPHIS, Tenn. — Fred’s Pharmacy reported decreased revenue and same-store sales for June but noted positive results in its pharmacy business. Fred’s said Thursday that for the five weeks ended July 1,...
View ArticleClik here to view.
NACDS offers input to U.S. drug abuse commission
ARLINGTON, Va. — The National Association of Chain Drug Stores described retail pharmacy as a strong partner in the fight against drug abuse in a letter to New Jersey Gov. Chris Christie, chairman of...
View ArticleClik here to view.
Jean Coutu stores see 1Q sales surge
VARENNES, Quebec — Double-digit gains in the pharmacy hoisted Jean Coutu Group’s retail store network sales in the fiscal 2018 first quarter. Jean Coutu said Tuesday that for the first quarter ended...
View ArticleClik here to view.
McKesson ideaShare spotlights community Rx
NEW ORLEANS — McKesson Corp. has kicked off ideaShare 2017, its annual forum for community pharmacists nationwide to help sharpen their health care capabilities and growth their businesses. Running...
View ArticleClik here to view.
Health care bill collapses in the Senate
WASHINGTON — Senate GOP leaders have once again failed in their efforts to dismantle and simultaneously replace much of the Affordable Care Act, after the defections of two more Republican senators...
View ArticleWBA agrees to global supply deal with Fareva
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) announced on Tuesday a binding offer from Fareva for a 10-year global agreement for the manufacture and supply of own brand beauty products and...
View ArticleClik here to view.
Senate rejects ‘skinny’ repeal of ACA
WASHINGTON — The Senate dealt a devastating blow to Republican efforts to repeal and replace the Affordable Care Act by defeating a GOP “skinny repeal” bill early Friday morning. Sens. John McCain...
View ArticleClik here to view.
Rite Aid looks ahead to stronger store base
CAMP HILL, Pa. — Rite Aid Corp. has provided a more detailed picture of its store base after the expected closing of its deal to sell nearly half its stores to Walgreens Boots Alliance (WBA). In a...
View ArticleClik here to view.
McKesson Canada names president of Rexall
MISSISSAUGA, Ontario — Sobeys Inc. executive Beth Newlands Campbell is joining McKesson Canada as president of Rexall Drugstore. McKesson Canada said Friday that Newlands Campbell, most recently...
View ArticleClik here to view.
Albertsons taps Turner as senior advisor
BOISE, Idaho — Albertsons Cos. said Monday that it has appointed former Microsoft chief operating officer Kevin Turner to serve as vice chairman of the board of managers at its direct parent company,...
View ArticleClik here to view.
CVS Health tops analysts’ 2Q earnings forecast
WOONSOCKET, R.I. — CVS Health beat Wall Street’s earnings forecast for the second quarter and bumped up the bottom of its 2017 guidance despite declined sales in its retail pharmacy business unit. CVS...
View ArticleClik here to view.
Walgreens fine-tunes the front end
DEERFIELD, Ill. — Joe Hartsig, the new chief merchant at Walgreens, is taking one of the guiding principles established 116 years ago by the drug chain’s founder, Charles R. Walgreen, and updating it...
View ArticleClik here to view.
Should pharmacy industry worry about Amazon?
What would happen to your business if, tomorrow, Amazon bought a major chain like CVS Pharmacy, Walgreens or Rite Aid? Not so long ago, if you put this question to an executive in the chain drug store...
View ArticleClik here to view.
Walgreens debuts online health research center
DEERFIELD, Ill. — To help promote more effective and efficient patient care, Walgreens has launched the Center for Health & Wellbeing Research, a website with more than 50 Walgreens outcomes...
View ArticleClik here to view.
CVS: More consumers take flu shot action
WOONSOCKET, R.I. — More Americans are now opting for an annual flu shot versus a year ago, according to a Harris Poll survey conducted for CVS Pharmacy. CVS said Wednesday that the Harris poll of...
View ArticleClik here to view.
WBA, Rite Aid to reset waiting period for store deal
NEW YORK — Walgreens Boots Alliance Inc. and Rite Aid Corp. are rescheduling the waiting period for a downsized store sale agreement reached upon the termination of their planned merger. According...
View ArticleClik here to view.
What’s next for WBA, Rite Aid and Fred’s
Walgreens Boots Alliance Inc. (WBA) and Rite Aid Corp. announced on June 29 that their merger is off, which goes to show you that nothing is certain in the world of retail mergers and acquisitions,...
View Article