Content about Katz Group

August 30, 2012
Supreme Court of Canada: Shoppers Drug Mart can challenge private-label generic Rx ban in Ontario

Canadian pharmacy retailer Shoppers Drug Mart announced on Thursday that the Supreme Court of Canada has granted its application for leave to appeal to Ontario’s ban on private-label generic drugs.

TORONTO — Canadian pharmacy retailer Shoppers Drug Mart announced on Thursday that the Supreme Court of Canada has granted its application for leave to appeal to Ontario’s ban on private-label generic drugs.

“The company respects the decision of the Supreme Court of Canada and is pleased with the outcome,” the retailer stated. A hearing date has not yet been set, and no further details were provided.

According to Reuters, Canada’s Katz Group also has been granted leave to challenge the ban.

April 30, 2012
McKesson reports strong Q4, fiscal year 2012

McKesson reported strong fourth-quarter and full-year results, thanks to gains across several of the company's business segments.

SAN FRANCISCO — McKesson reported strong fourth-quarter and full-year results, thanks to gains across several of the company's business segments.

Revenues for the fourth quarter ended March 31 were up 10% to $31.7 billion, compared with the year-ago period, while earnings per diluted share were $2.09, up from $1.62 in the same period last year. For fiscal year 2012, McKesson had revenues of $122.7 billion, up nearly 9.5% from fiscal year 2011. Full-year earnings per diluted share from continuing operations totaled $5.59, up 30% from the prior year.

February 3, 2012
Katz Group-McKesson deal sets stage for greater shifts in Canadian market

The move by Katz Group to shed its independent and franchise businesses marks a shift in the Canadian market and likely sets the stage for even more changes north of the border. And while it remains unclear just how the pharmacy retail landscape in Canada will look in the years ahead, what is clear is that the winds of change are blowing, and industry eyes will remain fixed on the Canadian market, perhaps now more than ever.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The move by Katz Group to shed its independent and franchise businesses marks a shift in the Canadian market and likely sets the stage for even more changes north of the border. And while it remains unclear just how the pharmacy retail landscape in Canada will look in the years ahead, what is clear is that the winds of change are blowing, and industry eyes will remain fixed on the Canadian market, perhaps now more than ever.

September 16, 2011
Retail vet Giancamilli announces retirement; Scorpiniti to lead 1,800 Katz stores

Katz Group Canada, Canada’s largest integrated pharmacy network with more than 1,800 chain, franchise and independent pharmacies, has announced the retirement of industry veteran Andy Giancamilli as CEO, effective Feb. 2, 2012.

TORONTO — Katz Group Canada, Canada’s largest integrated pharmacy network with more than 1,800 chain, franchise and independent pharmacies, has announced the retirement of industry veteran Andy Giancamilli as CEO, effective Feb. 2, 2012.

Giancamilli, who will serve in an advisory role until May 2012 following his retirement in February, will be succeeded by Frank Scorpiniti, who joined the company in April as COO.

August 8, 2011
Katz Group Canada names chief merchandising officer

Katz Group Canada, Canada’s largest integrated retail pharmacy network, has appointed Ken Keelor as chief merchandising officer, effective immediately. Keelor will oversee all merchandising and marketing functions for the Rexall family of pharmacies.

TORONTO — Katz Group Canada, Canada’s largest integrated retail pharmacy network, has appointed Ken Keelor as chief merchandising officer, effective immediately. Keelor will oversee all merchandising and marketing functions for the Rexall family of pharmacies.

Keelor joins the organization from Sobey’s, a national multibanner grocery chain, where he held a number of executive positions during his 10 years with the company, most recently VP private-label procurement and global sourcing.

October 21, 2010
Rexall's efforts sure to pay off

Leave it to our creative retail neighbors to the north to find a fun way...

WHAT IT MEANS AND WHY IT’S IMPORTANT Leave it to our creative retail neighbors to the north to find a fun way to merchandise over-the-counter products and wellness.

(THE NEWS: In sweeping overhaul of its retail mission, Rexall unveils ‘Healthy Living’ prototype. For the full story, click here)

October 19, 2010
In sweeping overhaul of its retail mission, Rexall unveils ‘Healthy Living’ prototype

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

January 22, 2009
McKesson Corp. bids for the 400-store Uniprix

Canada’s most powerful pharmacy retailers have grown powerful in a relatively stable competitive arena, but...

Canada’s most powerful pharmacy retailers have grown powerful in a relatively stable competitive arena, but that status quo is changing. One of the Big Three U.S. drug wholesalers has serious designs on the Canadian drug store market.