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April 25, 2013
Cardinal Health, McKesson renew pharmaceutical distribution agreements with CVS Caremark

Cardinal Health and McKesson separately announced the renewal of their pharmaceutical distribution agreements with CVS Caremark.

DUBLIN, Ohio — Cardinal Health and McKesson separately announced the renewal of their pharmaceutical distribution agreements with CVS Caremark.

Under Cardinal Health’s renewed agreement, the wholesaler stated that it will supply pharmaceuticals to a network of CVS Caremark's retail pharmacies and distribution centers through mid-2016. The stores and distribution centers serviced under the new arrangement are essentially the same as those serviced in the prior arrangement.

April 25, 2013
Max-Wellness pilots self-care retail concept in Naples, Fla., retirement community

Max-Wellness on Wednesday announced that it will open the first of its new concept Mini-Max stores in The Center for Healthy Living situated on the 83-acre campus of Moorings Park, an upscale Naples, Fla., retirement community.

CLEVELAND — Max-Wellness on Wednesday announced that it will open the first of its new concept Mini-Max stores in The Center for Healthy Living situated on the 83-acre campus of Moorings Park, an upscale Naples, Fla., retirement community. The grand opening will be held May 7 and will feature a number of services for its 700-plus residents and visitors, including medical and exercise facilities, a spa and beauty center and a 75-seat movie theatre.

April 25, 2013
PCAN urges expansion of pharmacists' vaccination ability

A coalition of consumers, businesses and pharmacists is promoting greater access to immunizations to mark World Immunization Week, which lasts from April 24 to 30.

WASHINGTON — A coalition of consumers, businesses and pharmacists is promoting greater access to immunizations to mark World Immunization Week, which started Wednesday and lasts until next Tuesday.

Pharmacy Choice and Access Now said it was encouraging states to expand the types of vaccines that pharmacists can administer.

April 25, 2013
Report: Walgreens to raise $85 million through sale of six-building office campus

Walgreens will sell its six-building office campus, where it will remain a tenant, for $85 million, according to a report published Tuesday by Chicago Real Estate Daily.

DEERFIELD, Ill. — Walgreens will sell its six-building office campus, where it will remain a tenant, for $85 million, according to a report published Tuesday by Chicago Real Estate Daily. 

According to the report, Walgreens hired Jones Lang LaSalle to sell the 38-acre campus, which it would lease back for 10 years.

April 25, 2013
Safeway misses analyst sales expectations, shares drop

Safeway shares dropped dramatically Thursday morning as the company reported $10 billion in sales for its first quarter 2013 ended March 23, which is essentially flat as compared with the first quarter of 2012.

PLEASANTON, Calif. — Safeway shares dropped dramatically Thursday morning as the company reported $10 billion in sales for its first quarter 2013 ended March 23, which is essentially flat as compared with the first quarter of 2012. An identical-store sales increase of 1.5% (excluding fuel) was offset primarily by the disposition of Genuardi's stores in 2012 and lower fuel sales in 2013. 

April 25, 2013
Strengthening of drug supply chain's effects on independent pharmacies raises concerns

The House Committee on Energy and Commerce Subcommittee on Health heard testimony on Thursday morning from representatives of the Food and Drug Administration and several industry trade groups following the introduction of draft legislation that sponsors said would strengthen the country's pharmaceutical supply chain.

WASHINGTON — The House Committee on Energy and Commerce Subcommittee on Health heard testimony on Thursday morning from representatives of the Food and Drug Administration and several industry trade groups following the introduction of draft legislation that sponsors said would strengthen the country's pharmaceutical supply chain.

April 25, 2013
Two Care Pharmacy owner-operators recognized for contributions to industry

Care Pharmacies Cooperative on Thursday announced that two of its member owners have recently been recognized for their individual contributions to pharmacy retailing.

LINTHICUM, Md. — Care Pharmacies Cooperative on Thursday announced that two of its member owners have recently been recognized for their individual contributions to pharmacy retailing. 

April 25, 2013
UPDATE: Shoppers Drug Mart sees boost in Q1 sales

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 25, 2013
Watertree hires former NBA champion as celebrity spokesman

Watertree Health has hired former NBA champion John Salley to market its free prescription discount cards, the company said.

NEW YORK — Watertree Health has hired former NBA champion John Salley to market its free prescription discount cards, the company said.

Salley, who maintains a vegan diet, is a health and wellness advocate and has appeared in film and television. Watertree provides prescription discount cards and distributes them to anyone who needs help paying for medicines. According to the company, more than 100 million Americans don't have full prescription coverage.

April 25, 2013
Weis Markets increases 2013 capital commitment by 8%

Weis Markets on Thursday announced it would invest $135 million in its 2013 capital expenditure program, an 8% increase compared to the year prior.

SUNBURY, Pa. — Weis Markets on Thursday announced it would invest $135 million in its 2013 capital expenditure program, an 8% increase compared to the year prior. 

“To position our company for continued growth, we have made record investments in our store base,” Jonathan Weis, Weis Market's vice chairman, told shareholders during the grocer's annual meeting held here. In 2013, the company is planning 37 major projects, including four new stores, 15 major remodels and 17 remodels.

April 24, 2013
CVS Caremark awards more than $1M in 'Innovations in Community Health' grants

The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark has announced the recipients of the “Innovations in Community Health” grants.

WOONSOCKET, R.I. — The CVS Caremark Charitable Trust, a private foundation created by CVS Caremark Corporation has announced the recipients of the “Innovations in Community Health” grants, which have been awarded to community health centers nationwide through a partnership with the National Association of Community Health Centers.

The grants will help community health centers increase access to health care and produce better health outcomes while reducing costs for patients and healthcare systems.

April 24, 2013
Dollar General to donate $2,000 to blood-clot education effort

Dollar General will benefit a nonprofit outreach program focused on blood clots, the discount store chain said.

GOODLETTSVILLE, Tenn. — Dollar General will benefit a nonprofit outreach program focused on blood clots, the discount store chain said.

Dollar General announced it would match the $2,000 donation that NASCAR Nationwide Series driver Brian Vickers made to Clot Connect. Vickers was diagnosed in early 2010 with blood clots that forced him to miss the remainder of the season and worked with University of North Carolina at Chapel Hill physicians and Clot Connect to make informed decisions on his healthcare.

April 24, 2013
NACDS presents lifetime achievement awards at Annual Meeting closing ceremony

Palm Beach, Fl — NACDS Annual Meeting concluded here, Tuesday night, with the Board of Directors Dinner and the annual presentation of the industry’s lifetime achievement award.

Renamed the Sheldon W. Fantle Lifetime Achievement Award in 1996 in honor of People’s Drug Stores’ Bud Fantle, the award was originally established in 1989 to recognize exceptional accomplishments and contributions to the industry.

April 24, 2013
Supervalu sales down as company goes through 'transitioning' period

Supervalu posted sales of $3.89 billion and a loss of $1.41 billion in fourth quarter 2013, the company said Wednesday.

MINNEAPOLIS — Supervalu posted sales of $3.89 billion and a loss of $1.41 billion in fourth quarter 2013, the company said Wednesday.

That result compared with sales of $3.98 billion and a loss of $424 million in fourth quarter 2012.

For the fiscal year, sales were $17.1 billion, compared with $17.3 billion in fiscal year 2012, while the company incurred a loss of $1.46 billion, compared with a $1.04 billion loss the year before.

April 24, 2013
Target to remodel, upgrade 25 school libraries in 2013

Target will renovate libraries at more than two dozen schools in need across the country this year under a program that will also include book donations and technology upgrades, as well as the option to have a Target-supported food pantry built, the mass merchandise retailer said.

MINNEAPOLIS — Target Corp. will renovate libraries at more than two dozen schools in need across the country this year under a program that will also include book donations and technology upgrades, as well as the option to have a Target-supported food pantry built, the mass merchandise retailer said Wednesday.

April 24, 2013
The Foundation for Health Smart Consumers' Inspire Program to launch at RCEC

The Foundation for Health Smart Consumers has announced a major expansion of its smoking cessation initiative through the Inspire Program, which will launch at the annual Retail Clinician Education Congress held in May in Las Vegas.

BASKING RIDGE, N.J. — The Foundation for Health Smart Consumers has announced a major expansion of its smoking cessation initiative through the Inspire Program, which will launch at the annual Retail Clinician Education Congress held in May in Las Vegas. The initial phase of Inspire will continue through 2014.

April 24, 2013
Twenty percent of consumers visit stores after receiving geo-targeted notifications of deals

Notice of nearby savings could bring smartphone owners into stores, according to a new survey.

WHITING, Ind. — Notice of nearby savings could bring smartphone owners into stores, according to a new survey.

CouponCabin released results of a survey Wednesday finding that 20% of smartphone owners have visited a store after receiving notification that specials, coupons or deals were available nearby. The online survey, conducted between Feb. 28 and March 4, polled 2,219 adults, including 1,096 smartphone owners.

April 23, 2013
FDA creates map for finding legal online pharmacies

The Food and Drug Administration has launched an interactive map that allows users to find licensed online pharmacies by searching through states' board of pharmacy databases.

SILVER SPRING, Md. — The Food and Drug Administration has launched an interactive map that allows users to find licensed online pharmacies by searching through states' board of pharmacy databases.

April 23, 2013
Inergetics to distribute brands through Hy-Vee

Inergetics will distribute its Bikini Ready Weight Loss Lifestyle and SlimTrim diet brands through a Midwestern supermarket-pharmacy chain, the company said Tuesday.

NEWARK, N.J. — Inergetics will distribute its Bikini Ready Weight Loss Lifestyle and SlimTrim diet brands through a Midwestern supermarket-pharmacy chain, the company said Tuesday.

Inergetics said the products had gained initial distribution with Hy-Vee, based in West Des Moines, Iowa.

The company said it hoped to increase distribution with Hy-Vee in the near term.

 

April 23, 2013
Kmart store robbed, suspect steals information backed up electronically from store safe

An armed robber allegedly stole sensitive electronic information on pharmacy customers from a Kmart store in Little Rock, Ark., last month, the mass merchandise retailer said.

HOFFMAN ESTATES, Ill. — An armed robber allegedly stole sensitive electronic information on pharmacy customers from a Kmart store in Little Rock, Ark., last month, the mass merchandise retailer said.

April 23, 2013
Medication-related waste hits poorest states harder, ESI study finds

Unnecessary spending related to medications totaled nearly half a trillion dollars last year, and much of that was in the poorest states in the country, according to pharmacy benefit manager Express Scripts.

ORLANDO, Fla. — Unnecessary spending related to medications totaled nearly half a trillion dollars last year, and much of that was in the poorest states in the country, according to pharmacy benefit manager Express Scripts.

ESI said the country wasted $418 billion on bad medication-related decisions, including $55.8 billion spent on higher-priced medications when cheaper alternatives were available; and $269.4 billion went to expenses related to poor medication adherence.

April 23, 2013
Pharmacy value as part of outcomes-based health care highlighted in morning NACDS sessions

As the retail pharmacy industry continues to explore outcome-based solutions to help drive down the cost of overall health care, incoming National Association of Chain Drug Stores chairman Robert Narveson pointed to the oath a pharmacist takes for inspiration during his inaugural address here before attendees of the 2013 NACDS Annual Meeting.

WEST PALM BEACH, Fla. — As the retail pharmacy industry continues to explore outcome-based solutions to help drive down the cost of overall health care, incoming National Association of Chain Drug Stores chairman Robert Narveson pointed to the oath a pharmacist takes for inspiration during his inaugural address here before attendees of the 2013 NACDS Annual Meeting.

April 23, 2013
RadioShack closes Target mobile kiosks

RadioShack has ended its mobile phone partnership with Target amid slumping sales, the electronics store chain said.

FORT WORTH, Texas — RadioShack Corp. has ended its mobile phone partnership with Target Corp. amid slumping sales, the electronics store chain said Tuesday.

RadioShack said it had stopped operating its Target Mobile centers before the end of last month. The company had operated mobile phone kiosks inside Target stores. The company posted first quarter 2013 quarter sales of $849 million and a loss of $43 million, compared with $913 million last year and a loss of $8 million.

April 23, 2013
Twelve pharmacy schools receive more than $200,000 in money for scholarships

The National Association of Chain Drug Stores' charitable arm has awarded $230,000 in scholarships to pharmacy students, the organization said.

ARLINGTON, Va. — The National Association of Chain Drug Stores' charitable arm has awarded $230,000 in scholarships to pharmacy students, the organization said Tuesday.

The NACDS Foundation said it gave awards ranging from $10,000 to $40,000 to pharmacy schools' scholarship funds through its Pharmacy Partners Scholarship Program. The awards will provide financial assistance to students working toward doctor of pharmacy degrees.

April 22, 2013
Costco employee injured in Boston attack has insurance, company says

In one of the most disturbingly iconic images to emerge from the recent terrorist attack in Boston, a runner who lost both legs in the blast is shown being rushed away by wheelchair.

NEW YORK — In one of the most disturbingly iconic images to emerge from the recent terrorist attack in Boston, a runner who lost both legs in the blast is shown being rushed away by wheelchair.

That runner, it turns out, is 27-year-old Costco Wholesale employee Jeff Bauman of New Hampshire. Following reports that Bauman was uninsured, based on comments a relative had made to a reporter, Costco took to Twitter to remind readers that he does, in fact, have insurance through the company.