Content about Business

November 15, 2010

Should retail pharmacists tell their patients to eat a good breakfast?

A mountain of data showing the health benefits of a good breakfast — one that includes high-fiber foods like cereals and grains — point to an unequivocal answer: absolutely.
Studies have proven that eating breakfast is closely linked to healthy body weights, improved mental alertness and physical performance. Plus, people who skip breakfast don’t make up for the missed nutrients later in the day.

November 15, 2010

Weak sales trends continued at Walmart’s U.S. stores division during the third quarter as same-store...

BENTONVILLE, Ark. Weak sales trends continued at Walmart’s U.S. stores division during the third quarter as same-store sales declined 1.3%; however, the company managed to meet analysts’ third-quarter earnings per share target of 90 cents.

 

Inclusion of a five cents a share tax benefit resulted in third-quarter earnings per share of 95 cents and caused the company to raise the full-year profit forecast to a range of $4.08 to $4.12 from $3.95 to $4.05.

 

 

November 15, 2010

A location-based retail app now is available for Target shoppers in select markets....

MINNEAPOLIS — A location-based retail app now is available for Target shoppers in select markets.

November 15, 2010

Families count on cereal for convenient, affordable nutrition.

Quickly prepared or eaten on the go, cereal is a convenient breakfast option for today’s busy families that also provides important nutrients.

Studies have proven that eating breakfast is closely linked to healthy body weights, improved mental alertness and physical performance. Plus, people who skip breakfast don’t make up for the missed nutrients later in the day.

November 15, 2010

The Food Marketing Institute on Tuesday announced the appointment of Susan Borra as SVP communications...

ARLINGTON, Va. — The Food Marketing Institute on Tuesday announced the appointment of Susan Borra as SVP communications for the nation’s largest food retail trade association, effective Dec. 1.

 

November 15, 2010

A former Wyeth executive has been named PepsiCo's EVP global corporate affairs....

PURCHASE, N.Y. — A former Wyeth executive has been named PepsiCo's EVP global corporate affairs.

Tim Cost, who will report to PepsiCo chairman and CEO Indra Nooyi, officially will join the company Dec. 1. In the newly created position, Cost will be responsible for strengthening and protecting PepsiCo's corporate reputation and strategically aligning its communications, public policy, foundation, investor relations, global health and agricultural policy, and regulatory agendas.

November 14, 2010

Advanced Beauty Systems has announced Texas-based advertising agency Slingshot as its advertising agency of record....

DALLAS — Advanced Beauty Systems has announced Texas-based advertising agency Slingshot as its advertising agency of record. Slingshot will work with Advanced Beauty Systems to develop print, broadcast and digital campaigns for its bodycology, Dr. Teal's and Cantu Shea Butter brands.

Slingshot will provide strategic planning, creative conception, media planning and brand positioning for all three brands. Ad campaigns are slated to run in first quarter 2011, coinciding with the launch of bodycology's new Rich & Creamy body lotion.

November 14, 2010

Clothing manufacturer American Apparel has announced the addition of 12 new colors to its line...

LOS ANGELES — Clothing manufacturer American Apparel has announced the addition of 12 new colors to its line of nail polish.

 

The company's Made in the USA nail lacquer is now available in 48 colors.

 

November 14, 2010

Clinique unveiled what it calls a new “consumer-inspired” cosmetics merchandising concept here at Lord &...

NEW YORK — Clinique unveiled what it calls a new “consumer-inspired” cosmetics merchandising concept here at Lord & Taylor’s landmark Fifth Avenue store.

November 14, 2010

Consumers may be cutting their budgets, but when it comes to toys, there’s always room...

Consumers may be cutting their budgets, but when it comes to toys, there’s always room for a little splurge. Parents are more likely to cave when the toy offers educational value or is a classic.

Traditional toys are a mainstay of the category—particularly in the drug channel, where price points in the toy aisle rarely top $10. “Evergreen, classic games continue to be popular,” said Adrienne Appell, a spokeswoman for the Toy Industry Association. “They are affordable and have appeal across generations, particularly around the holidays.”

November 14, 2010

Manhattan-based retailer Duane Reade is celebrating its 50th anniversary this season with a new contest...

NEW YORK — Manhattan-based retailer Duane Reade is celebrating its 50th anniversary this season with a new contest offering a $1 million grand prize, as well as hundreds of other giveaways, such as tickets to New York sporting events and Broadway shows.

November 14, 2010

Katz Group Canada’s flagship Rexall drug store chain has unveiled a new format, called Rexall...

MISSISSAUGA, Ontario —Katz Group Canada’s flagship Rexall drug store chain has unveiled a new format, called Rexall Healthy Living Pharmacy, at six Rexall locations across Canada. The stores offer “more than 200 health information touch points, new team members, new tools and services, and one of the broadest assortments of [dermatologic] brands in the Canadian market,” according to Katz Group.

November 14, 2010

A ghost from 2008 soon could come back to haunt 2010....

NEW YORK — A ghost from 2008 soon could come back to haunt 2010.

According to published reports, the Food and Drug Administration may be considering adopting tougher standards for certain classes of generic drugs if it determines that some are not equivalent to their branded counterparts.

November 14, 2010

In a ruling hailed by retail pharmacy leaders, the Department of Defense now is insisting...

ALEXANDRIA, Va. — In a ruling hailed by retail pharmacy leaders, the Department of Defense now is insisting that drug manufacturers extend the same discounts for prescription drugs sold at community pharmacies that the military gets for medicines dispensed through base dispensaries or mail order.

November 14, 2010

The drumbeat in support of an expanded universally recognized role for pharmacists in helping patients...

ALEXANDRIA, Va. — The drumbeat in support of an expanded universally recognized role for pharmacists in helping patients successfully manage their drug therapy is getting steadily louder.

November 14, 2010

Kiss My Face, a maker of natural personal care products, has partnered with industry vets...

GARDINER, N.Y. — Kiss My Face, a maker of natural personal care products, has partnered with industry vets Lisa Yarnell and Ron Gordon, and financial partner Caltius Equity Partners, in an effort to fuel the growth of the brand throughout various market channels, including mass merchants, specialty shops and natural retailers across the United States and internationally.

November 14, 2010

Poor medication adherence is one of the nation’s “most persistent” healthcare problems, costing the U.S....

CAMBRIDGE, Mass. — Poor medication adherence is one of the nation’s “most persistent” healthcare problems, costing the U.S. health system as much as $290 billion a year, or 13% of total health expenditures, according to the New England Healthcare Institute. In response, the nonprofit organization is calling for an urgent national campaign to improve adherence through a team-based, collaborative approach to long-term patient therapy.

November 14, 2010

A panel of healthcare thought leaders has concluded that a recent IRS rule change going...

WASHINGTON — A panel of healthcare thought leaders has concluded that a recent IRS rule change going into effect Jan. 14, 2011, will demand retail system challenges that are operationally impossible to overcome in the limited time frame required.

And the National Association of Chain Drug Stores couldn’t agree more.

November 14, 2010

In an effort to drive awareness and product trials, Procter & Gamble brought to New...

NEW YORK —In an effort to drive awareness and product trials, Procter & Gamble brought to New York in late October an interactive pop-up store, highlighting such brands as Tide, Crest and Olay.

The store, which was open to the public from Oct. 22 to 31 and located at 101 West 57th St. near Sixth Avenue, was part of P&G’s multipronged “Have You Tried This Yet?” campaign.

When browsing the pop-up store, consumers found a variety of interactive stations, including but not limited to:

November 14, 2010

Earlier this month, Pharmaca Integrative Pharmacy unveiled its latest store design here, marking the company’s 23rd location and heralding more new-store growth to come.

MENLO PARK, Calif. — Earlier this month, Pharmaca Integrative Pharmacy unveiled its latest store design here, marking the company’s 23rd location and heralding more new-store growth to come. Pharmaca is targeting three new store openings in 2011, Mark Panzer, Pharmaca president and CEO, told Drug Store News.

November 14, 2010

Rite Aid “likes” this....

NEW YORK — Rite Aid “likes” this.

Rite Aid became the first drug store retailer to “friend” Pharmacist Society powered by Drug Store News earlier this month, unlocking a host of new tools and functionalities for its pharmacists, and providing the company an entirely new way of connecting with pharmacy students all across the country.

November 14, 2010

Continued consumer price consciousness and the growing influence of the dollar store channel have made...

Continued consumer price consciousness and the growing influence of the dollar store channel have made snacks priced at $1 popular with consumers.

November 14, 2010

Moving, in its own words, “beyond e-prescribing,” paperless platform provider Surescripts has begun expanding its...

NEW ORLEANS — Moving, in its own words, “beyond e-prescribing,” paperless platform provider Surescripts has begun expanding its nationwide e-prescribing network to allow doctors, pharmacists and other health professionals to exchange all types of clinical information.

November 14, 2010

At a time when consumer takeaway is low and financial resources are limited, retailers and...

CHICAGO — At a time when consumer takeaway is low and financial resources are limited, retailers and suppliers need to dig beneath the surface to find creative ways to grow sales; it’s about exploring your hidden assets. And it was a key takeaway of a recent Elevation Forum meeting, held here last month.

November 11, 2010

Drug maker Arbor Pharmaceuticals has obtained nearly $35 million in financing, the company said Thursday....

ATLANTA Drug maker Arbor Pharmaceuticals has obtained nearly $35 million in financing, the company said Thursday.

 

Arbor said the $34.8 million included a $17.5 million investment in the form of Series B Preferred Stock, mostly from Signet Healthcare Partners, while the rest was in the form of a loan provided by investors, as well as portions of the loan and investment from existing shareholders. The company markets drugs for such indications as nasal hygiene and dermatitis.