Content about Economy of the United States

October 11, 2011

CVS Caremark may be highly focused on driving medication adherence, curbing rising healthcare costs and improving the health outcomes of its patients, but there’s no doubt that its retail segment remains a critical part of its business, as evidenced by the innovative initiatives playing out at the front end.


CVS Caremark may be highly focused on driving medication adherence, curbing rising healthcare costs and improving the health outcomes of its patients, but there’s no doubt that its retail segment remains a critical part of its business, as evidenced by the innovative initiatives playing out at the front end.


October 11, 2011

Walgreens on Tuesday named Jeffrey Kang and Mike Ellis to its pharmacy, health and wellness division.

DEERFIELD, Ill. — Walgreens on Tuesday named Jeffrey Kang and Mike Ellis to its pharmacy, health and wellness division.

Kang will join Walgreens Oct. 31 as SVP health and wellness services and solutions, reporting to both president and CEO Greg Wasson and president of pharmacy, health and wellness Kermit Crawford.

In addition, Mike Ellis has joined Walgreens as VP specialty pharmacy and infusion, reporting to Crawford.

October 10, 2011

Supermarket chain Stop & Shop will work with Foodshare to sponsor events at its stores in Hartford, Conn., to help qualifying residents access the Supplemental Nutrition Assistance Program benefit.

NEW YORK — Supermarket chain Stop & Shop will work with Foodshare to sponsor events at its stores in Hartford, Conn., to help qualifying residents access the Supplemental Nutrition Assistance Program benefit.

About 70% of Connecticut residents who qualify for SNAP, formerly known as the food stamp program, actually receive the benefit, Stop & Shop said. This is because of such issues as language barriers, lack of transportation or lack of knowledge of the program.

October 7, 2011

The news that Shoppers Drug Mart has appointed former McKesson Canada executive Domenic Pilla as its new president and CEO not only is significant news in its own right, but also is important as Pilla will inherit a chain that is wrestling with the impact of drug reforms in several provinces and faces its share of competitive challenges.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The news that Shoppers Drug Mart has appointed former McKesson Canada executive Domenic Pilla as its new president and CEO not only is significant news in its own right, but also is important as Pilla will inherit a chain that is wrestling with the impact of drug reforms in several provinces and faces its share of competitive challenges.

October 5, 2011

Procter & Gamble is celebrating its oldest brand.

CINCINNATI — Procter & Gamble is celebrating its oldest brand.

P&G said that the lineup of bar soaps, body washes and liquid hand soap sold under Ivory, a 132-year-old brand, will feature new packaging that includes a vibrant new color scheme and redesign that complements the current Ivory product offerings, P&G said.

October 5, 2011

The Academy of Managed Care Pharmacy, a national professional association of pharmacists and healthcare practitioners, on Wednesday announced the appointment of Edith Rosato as CEO.

ALEXANDRIA, Va. — The Academy of Managed Care Pharmacy, a national professional association of pharmacists and healthcare practitioners, on Wednesday announced the appointment of Edith Rosato as CEO.

Rosato will take over from long-time CEO Judith Cahill, who announced her plans to retire earlier this year.

In her new role as CEO, Rosato will be responsible for all program, financial and operational aspects of the academy, including a $10 million budget and staff of nearly 40. She will start her position in November.

October 5, 2011

The Art of Shaving, a Procter & Gamble brand, has teamed up with Movember to support the men's health charity's U.S. fundraising campaign.

NEW YORK — The Art of Shaving, a Procter & Gamble brand, has teamed up with Movember to support the men's health charity's U.S. fundraising campaign.

October 4, 2011

MinuteClinic continues to expand its reach by opening two walk-in medical clinics inside CVS/pharmacy stores in the Savannah, Ga., market.

WOONSOCKET, R.I. — MinuteClinic continues to expand its reach by opening two walk-in medical clinics inside CVS/pharmacy stores in the Savannah, Ga., market.

The clinics, located in Savannah and Richmond Hill, are the first retail medical clinics to open in the region and join 31 other MinuteClinic locations in Georgia situated throughout the Atlanta metropolitan area.

The openings are part of MinuteClinic's goal to open 100 walk-in clinics nationwide this year.

October 4, 2011

Now, Walgreens wants to completely integrate its stores and its messaging.

WHAT IT MEANS AND WHY IT’S IMPORTANT — “I wore a baseball cap and sweatshirt and went into some old and new stores,” Walgreens president and CEO Greg Wasson told BusinessWeek about the time in 2009 when he went undercover to check out the competition in Manhattan, for the story that appears in its Sept 30 issue. “The moment I decided we should get serious about buying Duane Reade was after seeing their new Herald Square store. … I said, ‘Duane Reade is creating something new.’ That’s what we were looking to do.”

October 3, 2011

Katz Group Canada on Monday announced the planned retirement Oct. 31 of Warren Jeffery, chief development officer and interim chief merchandising officer.

EDMONTON, Alberta — Katz Group Canada on Monday announced the planned retirement Oct. 31 of Warren Jeffery, chief development officer and interim chief merchandising officer.

“We thank Warren for his contributions and his leadership,” stated Andy Giancamilli, CEO of Katz Group Canada. “Warren has been at the helm of key organizational initiatives that have driven innovation in pharmacy care and improved medication compliance and has set a solid foundation for future organizational growth. We wish him all the best in his retirement.”

October 3, 2011

Michael Francis, Target's EVP and chief marketing officer, and the person charged with leading the retailer's expansion into Canada, has left the company, Target announced Monday.

MINNEAPOLIS — Michael Francis, Target's EVP and chief marketing officer, and the person charged with leading the retailer's expansion into Canada, has left the company, Target announced Monday.

“We would like to thank Michael for his many contributions and wish him the best in his future endeavors” said Target chairman, president and CEO Gregg Steinhafel said.

October 3, 2011

Family Dollar is on a mission to increase traffic to its stores — of which it intends to build twice as many in fiscal 2012 as it did in fiscal 2011 — and grow its market basket. That has meant a growing emphasis on what it considers its consumables business, a substantial portion of which is constituted by health and beauty aids.

WHAT IT MEANS AND WHY IT’S IMPORTANT — Family Dollar is on a mission to increase traffic to its stores — of which it intends to build twice as many in fiscal 2012 as it did in fiscal 2011 — and grow its market basket. That has meant a growing emphasis on what it considers its consumables business, a substantial portion of which is constituted by health and beauty aids. As part of a long-term strategy to create an improved shopping experience and enhance customer loyalty, it expanded consumables into 5,800 stores over the past year.

September 29, 2011

McNeil-PPC announced Wednesday that the acquisition of full ownership of the Johnson & Johnson-Merck Consumer Pharmaceuticals joint venture has been completed.

FORT WASHINGTON, Pa. — McNeil-PPC announced Wednesday that the acquisition of full ownership of the Johnson & Johnson-Merck Consumer Pharmaceuticals joint venture has been completed.

The joint venture will be renamed McNeil Consumer Pharmaceuticals and will continue to market products under the Pepcid, Mylantq and Mylicon brands.

September 29, 2011

Rite Aid same-store sales increased by 1.3% in September, compared with September 2010, the company said Thursday.

CAMP HILL, Pa. — Rite Aid same-store sales increased by 1.3% in September, compared with September 2010, the company said Thursday.

During the four-week period that ended Saturday, front-end same-store sales were down 0.5%, though pharmacy same-store sales increased 2.1%, including a 143-basis point negative effect from new generic introductions.

September 28, 2011

In her new role as president and CEO of Walmart Canada, Shelley Broader will be tasked with addressing new competition from Target and other retailers expanding into Canada. Broader, who joined Walmart Canada in 2010 as chief merchandising officer, will assume her new role, effective immediately.

BENTONVILLE, Ark. — In her new role as president and CEO of Walmart Canada, Shelley Broader will be tasked with addressing new competition from Target and other retailers expanding into Canada. Broader, who joined Walmart Canada in 2010 as chief merchandising officer, will assume her new role, effective immediately.

Prior to Walmart, Broader held a range of key positions with Michael's and Hannaford Bros., as well as Wal-Mart Stores, Inc.

September 28, 2011

CVS/pharmacy held a grand opening event on Tuesday at its distribution center in Chemung, N.Y., which attracted federal, state and local officials to celebrate the occasion.

WOONSOCKET, R.I. — CVS/pharmacy held a grand opening event on Tuesday at its distribution center in Chemung, N.Y., which attracted federal, state and local officials to celebrate the occasion.

U.S. Senator Charles Schumer, U.S. Representative Thomas Reed, Lieutenant Governor Robert Duffy, New York State Senator Thomas O'Mara and New York State Assemblyman Christopher Friend were among those in attendance.

September 27, 2011

AmerisourceBergen on Tuesday purchased TheraCom, a subsidiary of CVS Caremark that provides a wide range of support to pharmaceutical and biotechnology drug manufacturers, including consulting and reimbursement services, for $250 million.

VALLEY FORGE, Pa. — AmerisourceBergen on Tuesday purchased TheraCom, a subsidiary of CVS Caremark that provides a wide range of support to pharmaceutical and biotechnology drug manufacturers, including consulting and reimbursement services, for $250 million.

TheraCom is a provider of commercialization support services to the biotech and pharmaceutical industry, specifically, providing reimbursement and patient access support services, and will join Lash Group as part of AmerisourceBergen Consulting Services.

September 27, 2011

Wal-Mart Stores is in search of a new head of its global e-commerce and global sourcing businesses, now that Eduardo Castro-Wright announced his retirement effective July 1, 2012.

BENTONVILLE, Ark. — Wal-Mart Stores is in search of a new head of its global e-commerce and global sourcing businesses, now that Eduardo Castro-Wright announced his retirement effective July 1, 2012. Walmart said it intends to name new leadership for these businesses by the end of January, after which Castro-Wright will assist in the transition.

September 27, 2011

Longtime CVS/pharmacy executive Mike Bloom has resigned from the company and will serve as president and COO of Family Dollar Stores.

NEW YORK — Longtime CVS/pharmacy executive Mike Bloom has resigned from the company and will serve as president and COO of Family Dollar Stores.

“Mike Bloom, EVP of merchandising and supply chain, has resigned from the company. We thank him for his many contributions to the success of our retail business over the past 19 years and wish him luck in his future endeavors,” stated Carolyn Castel, VP of corporate communications at CVS Caremark, in a statement sent to Drug Store News.

September 27, 2011

Walgreens mitigated projected repercussions out of the chain's withdrawal from the Express Scripts pharmacy network come January, as the Walgreens/Express Scripts failed negotiations again dominated the pharmacy's quarterly analyst call Tuesday morning.

DEERFIELD, Ill. — Walgreens mitigated projected repercussions out of the chain's withdrawal from the Express Scripts pharmacy network come January, as the Walgreens/Express Scripts failed negotiations again dominated the pharmacy's quarterly analyst call Tuesday morning. All told, Express Scripts represents $5.3 billion in revenue to Walgreens, but the Chicago-based pharmacy is working toward retaining the prescription business from several employers and payers, "consistent with their contractual obligations," executives emphasized.

September 26, 2011

As consumers and patients increasingly use social media as a healthcare tool and resource, a survey by Harvard University, Brigham and Women's Hospital, and CVS Caremark researchers found a need to improve site guidelines, as there is great variability in the standards used to ensure a site effectively provides information and answers to important health-related questions.

WOONSOCKET, R.I. — As consumers and patients increasingly use social media as a healthcare tool and resource, a survey by Harvard University, Brigham and Women's Hospital, and CVS Caremark researchers found a need to improve site guidelines, as there is great variability in the standards used to ensure a site effectively provides information and answers to important health-related questions.

September 26, 2011

Publix announced that it once again is offering immunizations against the flu this season.

LAKELAND, Fla. — Publix announced that it once again is offering immunizations against the flu this season.

This year, however, the company is offering traditional flu shots, a needle-free option. Additionally, some of its pharmacies will offer the intradermal flu vaccine — which is injected into the skin instead of the muscle and uses a much smaller needle than the regular flu shot — and Fluzone High Dose, which is recommended for patients ages 65 years and older.

September 23, 2011

Coca-Cola has reduced the price of its mini cans.

ATLANTA — Coca-Cola has reduced the price of its mini cans.

The new recommended pricing for an 8-pack of Coca-Cola mini cans, which are 7.5 oz. each, will reduce the average price for the package to just under $3. This makes the per can cost comparable with that of the typical price of a 12-oz. Coca-Cola can fridge pack.

September 22, 2011

American Medical ID has expanded its reach by offering its medical identification bracelets and necklaces at three major drug stores.

HOUSTON — American Medical ID has expanded its reach by offering its medical identification bracelets and necklaces at three major drug stores.

The company said that beginning this month, its products now are available at 5,800 CVS locations, 7,200 Walgreens locations and 4,800 Rite Aid locations.

September 22, 2011

At this year’s Clinton Global Initiative, Procter & Gamble unveiled three new initiatives that will benefit families around the world.

NEW YORK — At this year’s Clinton Global Initiative, Procter & Gamble unveiled three new initiatives that will benefit families around the world.

P&G said the sustainability investments reaffirmed the company's "commitment to responsible growth." This year's initiatives include: