Content about Company Location

May 1, 2012

Innovate or stagnate into irrelevance. That’s the message chain pharmacy leaders had for their colleagues at last week’s National Association of Chain Drug Stores’ 2012 Annual Meeting in Palm Beach, Fla.

Innovate or stagnate into irrelevance. That’s the message chain pharmacy leaders had for their colleagues at last week’s National Association of Chain Drug Stores’ 2012 Annual Meeting in Palm Beach, Fla.

May 1, 2012

Sears Holdings, the parent company of Kmart, expects to make a profit of between $155 million and $195 million in first quarter 2012, compared with a $165 million loss in first quarter 2011, the company said Tuesday.

HOFFMAN ESTATES, Ill. — Sears Holdings, the parent company of Kmart, expects to make a profit of between $155 million and $195 million in first quarter 2012, compared with a $165 million loss in first quarter 2011, the company said Tuesday.

In a statement released in advance of its annual shareholders meeting Wednesday, Sears Holdings said the profit includes $235 million from the sales of stores in the United States and Canada, which generated $440 million of cash proceeds.

April 30, 2012

Abbott recently launched Perfectly Simple by ZonePerfect, a line extension that is gluten-free and features fewer ingredients in each bar (between six and 10 ingredients).

ABBOTT PARK, Ill. — Abbott recently launched Perfectly Simple by ZonePerfect, a line extension that is gluten-free and features fewer ingredients in each bar (between six and 10 ingredients).

Shipping in April, Perfectly Simple by ZonePerfect is available in three flavors: peanut crunch, cranberry almond and toasted coconut. The nutrition bars contain 10 g of protein, with no preservatives or added coloring. Each bar contains between 170 and 200 calories.

April 25, 2012

On the final evening of the National Association of Chain Drug Stores' annual meeting in Palm Beach, Fla., the organization honored two industry leaders with chain pharmacy's highest honors.

PALM BEACH, Fla. — On the final evening of the National Association of Chain Drug Stores' annual meeting in Palm Beach, Fla., the organization honored two industry leaders with chain pharmacy's highest honors.

NACDS recognized Andrew Giancamilli, former Rexall Pharma Plus CEO and past NACDS chairman, with the Sheldon W. Fantle Lifetime Achievement Award. M. Jerome Brown, former Unilever VP industry and customer development, received the Robert B. Begley Award.

April 24, 2012

Former President George W. Bush addressed attendees of the National Association of Chain Drug Stores' Annual meeting Tuesday morning, followed by a question-and-answer session with new NACDS chairman Greg Wasson.

PALM BEACH, Fla. — Former President George W. Bush addressed attendees of the National Association of Chain Drug Stores' Annual meeting here Tuesday morning, followed by a question-and-answer session with new NACDS chairman Greg Wasson.

April 24, 2012

The National Association of Chain Drug Stores Foundation announced that $350,000 in scholarships were awarded through its 2012 Pharmacy Partners Scholarship Program.

PALM BEACH, Fla. — The National Association of Chain Drug Stores Foundation announced that $350,000 in scholarships were awarded through its 2012 pharmacy partners scholarship program.

The announcement was made at the NACDS Annual meeting in Palm, Beach, Fla.

April 24, 2012

Disruptive innovation. That's the role pharmacy needs to play in the shaping of a new healthcare paradigm — one that achieves greater outcomes at lesser cost through increased involvement of retail health care. That was the theme of a presentation given Tuesday by the National Association of Chain Drug Stores' new chairman Greg Wasson, who also serves as Walgreens president and CEO.

PALM BEACH, Fla. — Disruptive innovation. That's the role pharmacy needs to play in the shaping of a new healthcare paradigm — one that achieves greater outcomes at lesser cost through increased involvement of retail health care. That was the theme of a presentation given Tuesday by the National Association of Chain Drug Stores' new chairman Greg Wasson, who also serves as Walgreens president and CEO.

April 23, 2012

The Upsher-Smith Party and the Time Warner-Colgate Party were among the events Sunday night at the 2012 NACDS Annual Meeting in Palm Beach, Fla.

The Upsher-Smith Party and the Time Warner-Colgate Party were among the events Sunday night at the 2012 NACDS Annual Meeting in Palm Beach, Fla.

April 23, 2012

The National Association of Chain Drug Stores has elected new officers for the coming year.

PALM BEACH, Fla. — The National Association of Chain Drug Stores has elected new officers for the coming year.

For the 2012-2013 term, NACDS chairman Bob Loeffler, who also serves as chief administrative officer of H-E-B, will be succeeded by Walgreens president and CEO Greg Wasson. Thrifty White Pharmacy president and CEO Bob Narveson was elected as vice chairman, while Rite Aid president and CEO John Standley was appointed as treasurer, as well as a member of NACDS' executive committee. Wasson, Narveson and Standley will serve one-year terms.

April 23, 2012

Par Pharmaceutical has bought rights to a generic drug for gastroesophageal reflux disease from Handa Pharmaceuticals, Par said.

WOODCLIFF LAKE, N.J. — Par Pharmaceutical has bought rights to a generic drug for gastroesophageal reflux disease from Handa Pharmaceuticals, Par said.

Handa, based in Fremont, Calif., sold rights to the regulatory approval application it filed with the Food and Drug Administration for dexlansoprazole capsules, a generic version of Takeda's Dexilant, in the 60-mg strength.

April 22, 2012

The Drug Store News Group on Sunday co-hosted a breakfast with CVS Caremark. Larry Merlo, CVS Caremark president and CEO, shared with attendees CVS’ focus on leveraging personalization opportunities, through both marketing and assortment, to engender loyalty. And suppliers were introduced to new CVS/pharmacy president Mark Cosby and chief merchant Judy Sansone.

PALM BEACH, Fla. — The Drug Store News Group on Sunday co-hosted a breakfast with CVS Caremark to celebrate DSN’s March 12 “Category of One” issue. Larry Merlo, CVS Caremark president and CEO, shared with attendees CVS’ focus on leveraging personalization opportunities, through both marketing and assortment, to engender loyalty. Suppliers also were introduced to new CVS/pharmacy president Mark Cosby.

For pictures of the event, click here.

April 22, 2012

The Opening Celebration at the 2012 NACDS Annual Meeting in Palm Beach, Fla.

The Opening Celebration at the 2012 NACDS Annual Meeting in Palm Beach, Fla.

April 21, 2012

More than 250 executives joined Anda for its 5th Annual Supply Chain Symposium here Thursday and Friday.

PALM BEACH, Fla. — More than 250 executives joined Anda for its 5th Annual Supply Chain Symposium here Thursday and Friday.

(For photos of the event, click here.)

April 21, 2012

At the Cabanas at the 2012 NACDS Annual Meeting in Palm Beach, Fla.

At the Cabanas at the 2012 NACDS Annual Meeting in Palm Beach, Fla.

April 21, 2012

The Revlon Party and the First Dance Party — sponsored by Energizer, Hallmark and Kellogg — were among the events Friday night at the 2012 NACDS Annual Meeting in Palm Beach, Fla.

The Revlon Party and the First Dance Party — sponsored by Energizer, Hallmark and Kellogg — were among the events Friday night at the 2012 NACDS Annual Meeting in Palm Beach, Fla.

April 20, 2012

The Jean Coutu Group has sold 56 million of its approximately 234.4 million shares in Rite Aid, the company said Friday.

LONGUEUIL, Quebec -- The Jean Coutu Group has sold 56 million of its approximately 234.4 million shares in Rite Aid, the company said Friday.

The Canadian retailing group said the $83.6 million, $1.51-per-share sale, which amounts to a nearly 24% reduction in the number of Rite Aid shares the company owns, would reduce its stake in Camp Hill, Pa.-based Rite Aid to 19.85%. The Jean Coutu group still owns about 178.4 million shares in the 4,667-store chain.

April 19, 2012

Hispanics represent one of the fastest-growing demographic groups in the United States, so naturally, it would behoove retailers to pay heed to this growing trend.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Hispanics represent one of the fastest-growing demographic groups in the United States, so naturally, it would behoove retailers to pay heed to this growing trend.

(THE NEWS: Hispanic consumers' buying power to grow 50% by 2015. For the complete story, click here.)

April 17, 2012

A U.S. drug maker has made a deal with a Swiss company to manufacture and sell a new osteoporosis treatment in North America.

SAN ANTONIO — A U.S. drug maker has made a deal with a Swiss company to manufacture and sell a new osteoporosis treatment in North America.

Mission Pharmacal announced Tuesday a patent and technology licensing agreement with Freienbach, Switzerland-based EffRx Pharmaceuticals for Binosto (alendronate sodium) effervescent tablets in the United States and Canada. Financial terms were not disclosed.

April 17, 2012

Customer loyalty has always been paramount for retailers, but as we wade into 2012 and beyond, it is becoming increasingly evident that retailers have a renewed focus on establishing a strong sense of loyalty and creating an engaging customer experience through cross-channel initiatives that are touching customers both in and — perhaps more importantly — out of the store.

Customer loyalty has always been paramount for retailers, but as we wade into 2012 and beyond, it is becoming increasingly evident that retailers have a renewed focus on establishing a strong sense of loyalty and creating an engaging customer experience through cross-channel initiatives that are touching customers both in and — perhaps more importantly — out of the store.

April 16, 2012

The Food Marketing Institute on Monday selected nine finalists for the 12th annual Store Manager Awards competition, which identifies exceptional store managers who generate sales growth, provide great customer service, lead outstanding store teams and serve the community in unique ways. Among the nine, three winners will be named on May 1 in Dallas at the FMI2012 convention and retail trade show.

ARLINGTON, Va. — The Food Marketing Institute on Monday selected nine finalists for the 12th annual Store Manager Awards competition, which identifies exceptional store managers who generate sales growth, provide great customer service, lead outstanding store teams and serve the community in unique ways. Among the nine, three winners will be named on May 1 in Dallas at the FMI2012 convention and retail trade show.

April 16, 2012

Walmart announced that Google's VP local and maps Marissa Mayer will be up for election to the board at the company's annual shareholders' meeting on June 1. If elected, Mayer would become the 16th member of the board.

BENTONVILLE, Ark. — Walmart announced that Google's VP local and maps Marissa Mayer will be up for election to the board at the company's annual shareholders' meeting on June 1. If elected, Mayer would become the 16th member of the board.

April 11, 2012

Takeda Pharmaceutical will acquire privately owned drug maker URL Pharma for $800 million, the companies said Wednesday.

DEERFIELD, Ill. — Takeda Pharmaceutical will acquire privately owned drug maker URL Pharma for $800 million, the companies said Wednesday.

Takeda announced that it would acquire Philadelphia-based URL through a U.S. subsidiary for the upfront payment plus future milestone payments. Takeda said it expected the acquisition to contribute "significantly" to its sales and profits starting in fiscal year 2013.

April 10, 2012

Biotech manufacturer Amgen will acquire the private South San Francisco, Calif.-based drug developer Kai Pharmaceuticals for $315 million, the companies said Tuesday.

THOUSAND OAKS, Calif. — Biotech manufacturer Amgen will acquire the private South San Francisco, Calif.-based drug developer Kai Pharmaceuticals for $315 million, the companies said Tuesday.

The deal includes the acquisition of KAI-4169, an experimental drug Kai is developing for secondary hyperparathyroidism in patients with chronic kidney disease who are on dialysis. Amgen has provided a loan to fund phase-3 clinical studies of the drug and will acquire rights to it worldwide, except for Japan.

April 2, 2012

Target has brought in someone with both advertising and retail experience to oversee its marketing efforts.

MINNEAPOLIS — Target has brought in someone with both advertising and retail experience to oversee its marketing efforts. The company announced that Jeffrey Jones II has been named as the company’s EVP and chief marketing officer, effective immediately.

March 29, 2012

Mass merchandise chain Meijer has acquired a Michigan-based dairy, the company said.

GRAND RAPIDS, Mich. — Mass merchandise chain Meijer has acquired a Michigan-based dairy, the company said.

Meijer announced the purchase of Bareman's Dairy, a family-owned company based in Holland, Mich., and the intention of investing more than $8 million into expansion of the plant.