Content about Retail

November 14, 2013

CVS Caremark is sponsoring the 2nd Annual Wake Forest Retail Innovation Challenge, which will be held at Wake Forest University School of Business in Winston-Salem, N.C., on Nov. 14 and 15.

WOONSOCKET, R.I. — CVS Caremark is sponsoring the 2nd Annual Wake Forest Retail Innovation Challenge, which will be held at Wake Forest University School of Business in Winston-Salem, N.C., on Nov. 14 and 15.

November 14, 2013

Sears and Kmart are offering an online pre-sale to members of the Shop Your Way loyalty card program, parent company Sears Holdings said.

HOFFMAN ESTATES, Ill. — Sears and Kmart are offering an online pre-sale to members of the Shop Your Way loyalty card program, parent company Sears Holdings said.

The retailers said they would offer more than 1,000 doorbusters as part of the pre-sale on Nov. 22 at Sears.com and on Nov. 24 at Kmart.com.

November 13, 2013

Facing an increasingly competitive retail landscape, Canadian retailer Loblaw Cos. posted a slight lift in retail sales but, due to incremental margin investment in the back half of the year, lowered its earnings growth expectations for 2013. However, company executives are optimistic as the company remains focused on investing in what it refers to as the “customer proposition” and looks forward to its acquisition of Shoppers Drug Mart.

BRAMPTON, Ontario — Facing an increasingly competitive retail landscape, Canadian retailer Loblaw Cos. posted a slight lift in retail sales but, due to incremental margin investment in the back half of the year, lowered its earnings growth expectations for 2013. However, company executives are optimistic as the company remains focused on investing in what it refers to as the “customer proposition” and looks forward to its acquisition of Shoppers Drug Mart.

November 13, 2013

MopTop Hair Care has developed its first Curly Hair Custard, which is available in southern region Whole Foods and salons.

DALLAS — MopTop Hair Care has developed its first Curly Hair Custard, which is available in southern region Whole Foods and salons.

November 12, 2013

As patients face higher out-of-pocket costs for drugs and more complex treatment plans, they expect greater focus on their needs, like they would get from retail, which creates new opportunities for drug manufacturers, according to a new report from PwC.

NEW YORK — As patients face higher out-of-pocket costs for drugs and more complex treatment plans, they expect greater focus on their needs, like they would get from retail, which creates new opportunities for drug manufacturers, according to a new report from PwC.

November 12, 2013

Walgreens recently presented research from two retrospective cohort studies exploring HIV and comorbid medication adherence at HIV-specialized pharmacies and the implications for HIV patients with serious mental illness.

DEERFIELD, Ill. — Walgreens recently presented research from two retrospective cohort studies exploring HIV and comorbid medication adherence at HIV-specialized pharmacies and the implications for HIV patients with serious mental illness. The research, presented at the Cell-Lancet conference, "What Will it Take to Achieve an AIDS-free World?," in San Francisco Nov.

November 12, 2013

Rite Aid has elected the president and CEO of Catholic Health Initiatives to its board of directors, the retail pharmacy chain said Tuesday.

CAMP HILL, Pa. — Rite Aid has elected the president and CEO of Catholic Health Initiatives to its board of directors, the retail pharmacy chain said Tuesday.

Rite Aid announced the appointment of Kevin Lofton, who has worked with the Englewood, Colo.-based operator of hospitals and long-term care centers since 1998 and was appointed as its president and CEO in 2003.

November 12, 2013

Canadian pharmacy retailer Shoppers Drug Mart posted a 2.4% increase in sales for the third quarter, driven by continued strength in prescription count growth and front-end sales.

TORONTO — Canadian pharmacy retailer Shoppers Drug Mart posted a 2.4% increase in sales for the third quarter, driven by continued strength in prescription count growth and front-end sales.

For the quarter ended Oct. 5, the company posted sales of Canadian $3.29 billion, up 2.4% compared with the year-ago period. Same-store sales rose 2.2%.

November 11, 2013

H-E-B has opted to buck the trend of retailers opening their doors to Black Friday deals as early as Thanksgiving Day, the company announced Friday.

SAN ANTONIO — H-E-B has opted to buck the trend of retailers opening their doors to Black Friday deals as early as Thanksgiving Day, the company announced Friday. 

November 8, 2013

In a new study, which was published in the November issue of Health Affairs, researchers looked at retail clinics and found that eliminating restrictions on nurse practitioners’ scope of practice could lead to lower healthcare costs.

Again, 2014 will be the year for clinics. Why? Because this is where the rubber meets the road and clinics are an important solution in healthcare reform.

In a new study, which was published in the November issue of Health Affairs, researchers looked at retail clinics and found that eliminating restrictions on nurse practitioners’ scope of practice could lead to lower healthcare costs.

Again, 2014 will be the year for clinics. Why? Because this is where the rubber meets the road and clinics are an important solution in healthcare reform.

November 8, 2013

You could call it a who’s who of the industry.

With a record-breaking crowd expected on hand, The Drug Store News Group has assembled an all-star lineup of some of the leading retail merchants and marketers in the industry for its 15th annual Industry Issues conference next month.

You could call it a who’s who of the industry.

With a record-breaking crowd expected on hand, The Drug Store News Group has assembled an all-star lineup of some of the leading retail merchants and marketers in the industry for its 15th annual Industry Issues conference next month. All that and brand-building genius and TV celebrity Daymond John of ABC’s “Shark Tank” will deliver the exclusive lunchtime keynote.

November 8, 2013

Earlier this year, Walgreens introduced a significant boost to its Steps with Balance Rewards program, enabling users to link wireless activity trackers such as FitBit, Withings and BodyMedia to the aspirational wellness program. Loyalty cardholders who sync with one of these devices get two times the points associated with healthier behaviors — 20 points per mile and 20 points per day for tracking their weight. And each device linked earns 250 points.

That may be the first step toward creating a retail solution with wireless devices sold at the pharmacy that are linked back to the pharmacy on an ongoing basis.

Earlier this year, Walgreens introduced a significant boost to its Steps with Balance Rewards program, enabling users to link wireless activity trackers such as FitBit, Withings and BodyMedia to the aspirational wellness program. Loyalty cardholders who sync with one of these devices get two times the points associated with healthier behaviors — 20 points per mile and 20 points per day for tracking their weight. And each device linked earns 250 points.

November 8, 2013

The retail industry added 37,600 jobs in October, and 295,000 year-over-year, according to a new report by a retail industry trade group.

WASHINGTON — The retail industry added 37,600 jobs in October, and 295,000 year-over-year, according to a new report by a retail industry trade group.

Analysing numbers from the Bureau of Labor Statistics, the National Retail Federation said the increase represented 2.4% boost over 2012, and every sector of retail added jobs except clothing retailers, which lost 12,500 jobs. Overall, according to the BLS, the economy added 204,000 jobs in October, and the unemployment rate was 7.3%.

November 8, 2013

Chances are, if a person doesn’t have diabetes, then they personally know someone who does. According to a recent poll conducted by Research Now, 75% of those surveyed reported they either had diabetes or knew a diabetic.

Chances are, if a person doesn’t have diabetes, then they personally know someone who does. According to a recent poll conducted by Research Now, 75% of those surveyed reported they either had diabetes or knew a diabetic.

(For the full category review, including sales data, click here.)

November 8, 2013

The drug store sector makes for a sound investment for investors of all stripes, according to a Motley Fool report published Thursday.

NEW YORK — The drug store sector makes for a sound investment for investors of all stripes, according to a Motley Fool report published Thursday

In early morning trading Friday, CVS stock traded at $63.59, up 4 cents; Walgreens at $59.16, down 4 cents; and Rite Aid at $5.17, up 4 cents. 

November 8, 2013

Like any company looking to stage a turnaround, Rite Aid has employed multiple tactics to return to profitability and win back investors’ favor, but few of those programs have been as important to the chain’s efforts as its loyalty card program.

Like any company looking to stage a turnaround, Rite Aid has employed multiple tactics to return to profitability and win back investors’ favor, but few of those programs have been as important to the chain’s efforts as its loyalty card program.

While it’s neither the first retail pharmacy loyalty program nor the largest, Wellness+ stands out as being the first to tie in specifically to the pharmacy — and that’s what has helped make it so successful.

November 8, 2013

Today, sales of all self-diagnostic devices — including blood pressure monitors and glucose meters, as well as home-test kits and pregnancy test kits — stand at about $1 billion across food, drug and mass outlets, up slightly with a little more than 2% growth.

Today, sales of all self-diagnostic devices — including blood pressure monitors and glucose meters, as well as home-test kits and pregnancy test kits — stand at about $1 billion across food, drug and mass outlets, up slightly with a little more than 2% growth.

(For the full category review, including sales data, click here.)

November 8, 2013

Sears and Kmart are going local on the web.

HOFFMAN ESTATES, Ill. — Sears and Kmart are going local on the web.

Parent company Sears Holdings said that employees and members of the retailer's Shop Your Way loyalty program would be uploading photos and providing information about sales from local Kmart and Sears sales in cities across the country.

November 8, 2013

The Senate this past week heard legislation that would reverse the provision of the Patient Protection and Affordable Care Act mandating a prescription on the sale of an over-the-counter medicine being paid for through a flexible spending account. All those in the retail pharmacy industry are staunch supporters of the legislation.

And that's because retail pharmacy gets it. It's not about the sales — has anyone ever heard of a consumer who decided not to purchase a pain reliever or cough syrup because it wasn't an eligible FSA purchase without a trip to their doctor? No. That person doesn't exist — they'll buy the same amount of OTCs to cure what's ailing them with an FSA as without an FSA. No, it's about the value inherent within OTCs. It's about tapping into that value to the benefit of both consumers and overall health care.

The Senate this past week heard legislation that would reverse the provision of the Patient Protection and Affordable Care Act mandating a prescription on the sale of an over-the-counter medicine being paid for through a flexible spending account. All those in the retail pharmacy industry are staunch supporters of the legislation. 

November 8, 2013

Higi ‘scores’ with kiosks

Through its biometric screening kiosks, its smartphone application and its website, Higi encourages users to take a more holistic approach to their health. True wellness, its creators insist, springs not just from such physical metrics as blood pressure, glucose readings and body mass index, but from lifestyle choices and connections to family, friends, neighbors and coworkers.

November 8, 2013

Walgreens on Friday announced that it has completed its acquisition of certain assets of Kerr Drug’s retail drug stores and specialty pharmacy business.

DEERFIELD, Ill. — Walgreens on Friday announced that it has completed its acquisition of certain assets of Kerr Drug’s retail drug stores and specialty pharmacy business. In fiscal year 2012, Kerr Drug’s retail drugstores and specialty pharmacy business recorded total sales of $381 million.

Financial terms of the agreement were not disclosed.  

As previously announced in September, the acquisition is an asset transaction and includes Kerr Drug’s retail drug stores, specialty pharmacy business and a distribution center. 

November 7, 2013

Aisle7 on Thursday announced the launch of Healthnotes Interactions Checker, a next-generation solution simplifying the task of deciding which nutrients positively or negatively interact with the medicines they take.

PORTLAND, Ore. — Aisle7 on Thursday announced the launch of Healthnotes Interactions Checker, a next-generation solution simplifying the task of deciding which nutrients positively or negatively interact with the medicines they take. More than half of all Americans take some form of dietary supplement, and an estimated 40% of U.S. adults take both drugs and nutrients as part of their health regimen. Of these, 60% aren’t discussing possible interactions with their physician or pharmacist, Aisle7 noted. 

November 7, 2013

EQ Energy Drink, formally EQ Labs, announced the addition of Lemon Tea Drink to its product line.

LAS VEGAS — EQ Energy Drink, formally EQ Labs, announced the addition of Lemon Tea Drink to its product line.

“We are excited to announce the launch of EQ’s Lemon Tea Drink boosted by Power Cap through our retail distribution chain,” Mo Owens, CEO of EQ said. “This product will be available to the retail customers this December and will further enhance our products available to the consumer.”

November 7, 2013

From Sears Holdings' perspective, opening Kmart stores on the morning of Thanksgiving gives customers a convenient way to shop for holiday gifts. But many customers see things differently, and the retail giant is taking some flak for the decision.

NEW YORK — From Sears Holdings' perspective, opening Kmart stores on the morning of Thanksgiving gives customers a convenient way to shop for holiday gifts. But many customers see things differently, and the retail giant is taking some flak for the decision.

November 7, 2013

Shedding more light on the important role that retail-based health clinics — and the nurse practitioners who work in them — play in the U.S. healthcare system, a new study suggests that eliminating restrictions on nurse practitioners' scope of practice could have a “large impact” on the cost-savings.

NEW YORK — Shedding more light on the important role that retail-based health clinics — and the nurse practitioners who work in them — play in the U.S. healthcare system, a new study suggests that eliminating restrictions on nurse practitioners' scope of practice could have a “large impact” on the cost-savings.