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August 28, 2013

Continuing its effort to offer customers an elevated prestige beauty experience, Canadian pharmacy retailer Shoppers Drug Mart unveiled on Wednesday its second enhanced beautyBOUTIQUE at the Toronto Eaton Centre.

TORONTO — Continuing its effort to offer customers an elevated prestige beauty experience, Canadian pharmacy retailer Shoppers Drug Mart unveiled on Wednesday its second enhanced beautyBOUTIQUE at the Toronto Eaton Centre. 

(Domenic Pilla, president and CEO of Shoppers Drug Mart)

The 4,000-sq.-ft. beautyBOUTIQUE features 21 prestige brands, as well as new fixtures, digital signage, an enhanced fragrance and derm areas.

August 26, 2013

Safeway on Friday declared a regular quarterly cash dividend of $0.20 per share.

PLEASANTON, Calif. — Safeway on Friday declared a regular quarterly cash dividend of $0.20 per share. 

The dividend matches what Safeway had issued in the previous quarter. Shares were down 19 cents for the day, closing at $26.69.  

August 26, 2013

Former Kinray owner Stewart Rahr has made a large donation to an organization looking for a cure for prostate cancer.

NEW YORK — Former Kinray owner Stewart Rahr has made a large donation to an organization looking for a cure for prostate cancer.

Saying the move "stunned the crowd," Rahr announced at a gathering at the Hamptons on New York's Long Island that he would donate $3 million to the Prostate Cancer Foundation, an initiative run by investor Michael Milken, who was host to the event.

Other attendees included David Koch, Eddie Trump, former New York Gov. David Patterson and others.

August 22, 2013

Employee wellness programs have become a popular strategy for employers trying to control costs, according to the Kaiser Family Foundation/Health Research and Educational Trust 2013 Employer Health Benefits Survey.

MENLO PARK, Calif. — Employee wellness programs have become a popular strategy for employers trying to control costs, according to the Kaiser Family Foundation/Health Research and Educational Trust 2013 Employer Health Benefits Survey released Tuesday.

August 19, 2013

In a segment of CNBC's "Mad Money" program, host Jim Cramer proclaimed "Rite Aid is back" when a caller asked for the former hedge fund manager's opinion about the Camp Hill, Pa.-based retail pharmacy chain. "Rite Aid is good. … It is an okay situation. The group is strong," Cramer said.

Cramer's proclamation only confirmed what Drug Store News has been saying for a while now, ever since it became clear that Rite Aid had hit pay dirt with its Wellness+ loyalty card program, growing sales and reversing several years of annual and quarterly losses. In April 2013, the company posted its first profitable fiscal year since 2007.

In a segment of CNBC's "Mad Money" program, host Jim Cramer proclaimed "Rite Aid is back" when a caller asked for the former hedge fund manager's opinion about the Camp Hill, Pa.-based retail pharmacy chain. "Rite Aid is good. … It is an OK situation. The group is strong," Cramer said.

August 19, 2013

Walgreens last week made several executive moves to boost its Daily Living business organization, chief of which was the announcement that Alex Gourlay will make the transition from chief executive of Alliance Boots' health and beauty division to EVP, president of customer experience and daily living for Walgreens. http://www.drugstorenews.com/article/walgreens-announces-enhanced-daily-...

Gorley will fill in the vision and leadership hole Joe Magnacca left when he departed Walgreens to take on challenge of reinventing Radio Shack. The move showcases the kind of extended depth chart that is now enjoyed across Walgreens and Alliance Boots and takes Walgreens' strategy of tapping the best executives to fill strategic positions to a whole new global level.

Walgreens last week made several executive moves to boost its Daily Living business organization, chief of which was the announcement that Alex Gourlay will make the transition from chief executive of Alliance Boots' health and beauty division to EVP, president of customer experience and daily living for Walgreens. 

August 15, 2013

"Rite Aid is back!” That’s what Jim Cramer told viewers during the “Lightening Round” portion of his “Mad Money” investment advice program on Wednesday on CNBC.

NEW YORK — "Rite Aid is back!” That’s what Jim Cramer told viewers during the “Lightening Round” portion of his “Mad Money” investment advice program on Wednesday on CNBC.

When asked by a caller his opinion on Rite Aid stock, Cramer enthusiastically replied, “Rite Aid is good. … It is an okay situation. The group is strong. Rite Aid is back!”

July 23, 2013

Skin care brand Indeed Laboratories is bringing its nanoblur and snoxin skin care products to the U.S. market, through distributor Boots USA, with exclusive availability at Walgreens and Duane Reade stores.

NEW YORK & DEERFIELD, Ill. — Skin care brand Indeed Laboratories is bringing its nanoblur and snoxin skin care products to the U.S. market, through distributor Boots USA, with exclusive availability at Walgreens and Duane Reade stores. The brand’s U.S. retail launch is the result of the partnership formed last summer between Alliance Boots and Walgreens.

July 22, 2013

Mark Hill Salon Professional products, created by hairstylist Mark Hill, is launching nationwide at Walgreens and Duane Reade this month.

NEW YORK and DEERFIELD, Ill. — Mark Hill Salon Professional products, created by hairstylist Mark Hill, is launching nationwide at Walgreens and Duane Reade this month. 

The collection has attracted a following since its launch in the U.K. in 2004 exclusively with Boots health and beauty retail stores. The debut of Mark Hill Salon Professional products marks one of the nationwide product launches from Alliance Boots since the company formed a strategic partnership with Walgreens last summer.

July 22, 2013

Front-end drug store sales are weakening, Credit Suisse reported in a research note.

NEW YORK — Front-end drug store sales are weakening, Credit Suisse reported Monday morning in a research note. 

July 12, 2013

Supervalu on Friday announced a leadership change at the company’s Shoppers division, based in Bowie, Md., as current president Bob Bly has decided to leave the company to pursue new career opportunities.

EDEN PRAIRIE, Minn. — Supervalu on Friday announced a leadership change at the company’s Shoppers division, based in Bowie, Md., as current president Bob Bly has decided to leave the company to pursue new career opportunities. VP merchandising Bob Gleeson and VP operations Micky Nye will lead Shoppers on an interim basis while the search for a replacement is underway. 

The change is effective immediately, the grocer reported.

June 21, 2013

No7 Men skin care products, part of the U.K.’s skin care brand No7 created by Boots, is now available chainwide at Walgreens and Duane Reade stores.

NEW YORK & DEERFIELD, Ill. — No7 Men skin care products, part of the U.K.’s skin care brand No7 created by Boots, is now available chainwide at Walgreens and Duane Reade stores.

The debut marks the first nationwide Boots product launch for Walgreens with Alliance Boots since the two companies formed a strategic partnership last summer to create a global pharmacy-led, health and wellbeing enterprise. No7 is known for its range of skin care products.

June 12, 2013

Safeway announced that it has entered into an agreement to sell its Canadian operations through a sale of the net assets of Canada Safeway Limited to Sobeys, a Canadian food retailer and wholly-owned subsidiary of Empire Company Limited, for $5.7 billion in cash plus the assumption of certain liabilities.

PLEASANTON, Calif. — Safeway on Wednesday announced that it has entered into an agreement to sell its Canadian operations through a sale of the net assets of Canada Safeway Limited to Sobeys, a Canadian food retailer and wholly-owned subsidiary of Empire Company Limited, for $5.7 billion in cash plus the assumption of certain liabilities. 

May 17, 2013

Alliance Boots posted a double-digit adjusted profit gain of 12.7% to $1.2 billion for its year ended March 31. Almost half of that profit is staked by Walgreens with its 45% share of the European pharmaceutical distributing powerhouse.

A couple days later, Alliance Boots along with Walgreens and AmerisourceBergen announced the necessary regulatory clearances on that strategic partnership, cementing the three companies in place as the largest generic pharmaceutical acquisition company in the world. That deal will further enable the company's to realize greater profit margins.

Alliance Boots posted a double-digit adjusted profit gain of 12.7% to $1.2 billion for its year ended March 31. Almost half of that profit is staked by Walgreens with its 45% share of the European pharmaceutical distributing powerhouse. 

May 17, 2013

The deal that paired Walgreens and Alliance Boots with wholesaler AmerisourceBergen has received the required regulatory clearances, the companies announced Friday.

DEERFIELD, Ill. — The deal that paired Walgreens and Alliance Boots with wholesaler AmerisourceBergen has received the required regulatory clearances, the companies announced Friday. 

The regulatory clearances permit both Walgreens and Alliance Boots the purchase of up to 7% of the fully diluted equity of AmerisourceBergen in the open market, and the exercise of two warrants for 16% in the aggregate of the fully diluted equity of AmerisourceBergen in 2016 and 2017. 

May 15, 2013

Canadian retail pharmacy chain Shoppers Drug Mart is offering a range of products for the summer, as well as tips for enjoying the season safely.

TORONTO — Canadian retail pharmacy chain Shoppers Drug Mart is offering a range of products for the summer, as well as tips for enjoying the season safely.

The 1,240-store chain said it would offer a selection of products for outdoor entertaining, road trips, summer beauty and first aid and information on choosing the right sunscreen, sunglasses and barbecue recipes.

May 14, 2013

Safeway announced that its board of directors approved an increase to its regular quarterly cash dividend from $0.175 per share to $0.20 per share, reflecting a 14% increase.

PLEASANTON, Calif. — Safeway on Tuesday announced that its board of directors approved an increase to its regular quarterly cash dividend from $0.175 per share to $0.20 per share, reflecting a 14% increase. 

The board also declared a cash dividend of $0.20 per share payable on July 11, 2013 to stockholders of record at the close of business on June 20, 2013.

May 10, 2013

Alliance Boots on Friday announced that it has distributed its equity interest in Galenica, its Swiss associate, to the group’s ultimate parent company, AB Acquisitions Holdings, in accordance with the terms of the agreement with Walgreens reached last year.

BERN, Switzerland — Alliance Boots on Friday announced that it has distributed its equity interest in Galenica, its Swiss associate, to the group’s ultimate parent company, AB Acquisitions Holdings, in accordance with the terms of the agreement with Walgreens reached last year.

Galenica continues as an associate of AB Acquisitions Holdings. Stefano Pessina, executive chairman of Alliance Boots, continues as non-executive director of Galenica while Etienne Jornod, executive chairman of Galenica, stays as a non-executive director of Alliance Boots.

May 9, 2013

Shoppers Drug Mart opened in late 2012 its revamped BeautyBoutique in the Bayview Village store in Toronto.

TORONTO — Shoppers Drug Mart opened in late 2012 its revamped BeautyBoutique in the Bayview Village store in Toronto. The space, which is just over 4,000 sq. ft., offers shoppers an upscale beauty experience with brands that weren't previously available in a BeautyBoutique, but had been available at its Murale store.

The new format also features play stations, where shoppers can touch and feel the cosmetic lines, and fragrance-testing stations so customers can try before they buy.

April 29, 2013

Supervalu has appointed Rite Aid president, chairman and CEO John Standley to its board of directors, the supermarket operator said. The company also announced the appointment of Cerberus Capital Management COO and general counsel Mark Neporent.

MINNEAPOLIS — Supervalu has appointed Rite Aid president, chairman and CEO John Standley to its board of directors, the supermarket operator said.

The company also announced the appointment of Cerberus Capital Management COO and general counsel Mark Neporent.

April 26, 2013

AmerisourceBergen's base of 3,452 independently owned Good Neighbor Pharmacies will be another benefactor out of the wholesaler's blockbuster agreement with Walgreens and Alliance Boots, AmerisourceBergen CEO, president, director and chairman Steven Collis told analysts during a conference call Thursday.

VALLEY FORGE, Pa. — AmerisourceBergen's base of 3,452 independently owned Good Neighbor Pharmacies will be another benefactor out of the wholesaler's blockbuster agreement with Walgreens and Alliance Boots, AmerisourceBergen CEO, president, director and chairman Steven Collis told analysts during a conference call Thursday.

April 25, 2013

TORONTO — Shoppers Drug Mart announced on Thursday that first quarter sales rose 3.8% thanks to strong volume in pharmacy and continued sales and market share gains at the front end. The company also indicated that it remains on the acquisition track and is "carefully" watching as Target bolsters its presence in Canada.

April 22, 2013

To the skepticism of many, Walgreens last year made a big global splash with its two-step merger deal with Alliance Boots across the pond. But with the announcement that the co-joined Walgreens/Alliance Boots had signed a 10-year distribution deal with wholesaler AmerisourceBergen, that included an equity stake to boot, well, it seemed that many analysts on Wall Street finally got it.

To the skepticism of many, Walgreens last year made a big global splash with its two-step merger deal with Alliance Boots across the pond. But with the announcement that the co-joined Walgreens/Alliance Boots had signed a 10-year distribution deal with wholesaler AmerisourceBergen, that included an equity stake to boot, well, it seemed that many analysts on Wall Street finally got it.

April 21, 2013

Canadian pharmacy retailer Shoppers Drug Mart is further elevating the beauty experience with its newly opened BeautyBoutique.

Canadian pharmacy retailer Shoppers Drug Mart is further elevating the beauty experience with its newly opened BeautyBoutique.

This BeautyBoutique opened in November 2012 in an existing Shoppers Drug Mart store in Bayview Village in Toronto, Ontario. It is just over 4,000 sq. ft., which is approximately 1,500 sq. ft. larger than a traditional BeautyBoutique.

April 12, 2013

There may be a new metric to track retail success or failure, according to a Motley Fool article posted last week — employees per thousand square feet. The metric helps draw a correlation between service and sales productivity.

NEW YORK — There may be a new metric to track retail success or failure, according to a Motley Fool article posted Wednesday — employees per thousand square feet. The metric helps draw a correlation between service and sales productivity.