Content about Retail

November 5, 2013

CVS Caremark, which posted solid third quarter across its enterprise, is well-positioned to benefit from the rapidly changing healthcare environment. That was a key message that CVS Caremark president and CEO Larry Merlo had for analysts Tuesday morning during the company’s third-quarter conference call.

WOONSOCKET, R.I. — CVS Caremark, which posted solid third-quarter results across its enterprise, is well-positioned to benefit from the rapidly changing healthcare environment. That was a key message that CVS Caremark president and CEO Larry Merlo had for analysts Tuesday morning during the company’s third-quarter conference call.

November 5, 2013

CVS Caremark posted “solid” results during its third quarter and its MinuteClinic business was no exception.

WOONSOCKET, R.I. — CVS Caremark posted “solid” results during its third quarter, and its MinuteClinic business was no exception.

During the quarter ended Sept. 30, the retail clinic business enjoyed revenue growth of 18%.

From a comp perspective, MinuteClinic has, most recently, been comping in the teens to low 20s, Dave Denton, EVP, CFO, controller and chief accounting officer, told analysts during the company’s third-quarter conference call Tuesday morning.

November 5, 2013

Negative experiences in one shopping channel can influence consumers' perceptions of other channels too, according to a new survey.

CHELMSFORD, Mass. — Negative experiences in one shopping channel can influence consumers' perceptions of other channels too, according to a new survey.

The survey, "Holiday 2013: Top Trends to Watch," commissioned by Kronos and conducted online by Harris Interactive, found that 68% of Americans report that a negative experience in one channel can influence how they perceive physical stores, online, mobile, phone centers and catalogs. The survey was conducted from Sept. 26-30 among 2,003 adults.

November 4, 2013

Perrigo on Friday initiated a voluntary, nationwide product recall to the retail level of 18 batches of its acetaminophen infant suspension liquid.

ALLEGAN, Mich. —  Perrigo on Friday initiated a voluntary, nationwide product recall to the retail level of 18 batches of its acetaminophen infant suspension liquid, 160 mg/5 mL, sold in 2 oz. and 4 oz. bottles with syringes in a box because of the remote potential that a small number of packages might contain an oral dosing syringe without dose markings. 

November 4, 2013

Underwhelming fall sales and continued economic and federal budgetary concerns have U.S. retailers in a “wait and see” mode this holiday season, according to a recent BDO USA survey released Monday.

CHICAGO — Underwhelming fall sales and continued economic and federal budgetary concerns have U.S. retailers in a “wait and see” mode this holiday season, according to a recent BDO USA survey released Monday. 

November 4, 2013

A proposal by the Texas State Board of Pharmacy to eliminate the required ratio of pharmacy technicians to pharmacists in retail pharmacies in the state has drawn mixed responses from professional and industry trade groups.

NEW YORK — A proposal by the Texas State Board of Pharmacy to eliminate the required ratio of pharmacy technicians to pharmacists in retail pharmacies in the state has drawn mixed responses from professional and industry trade groups.

Currently, the required ratio is three technicians to one pharmacist, which the board's proposal would remove for retail pharmacies, known under Texas law as "Class A" pharmacies. In response, the Texas Pharmacy Association has proposed an interim ratio requirement of four technicians to one pharmacist.

November 1, 2013

Kroger’s Little Clinic is on a growth path. The company is looking to open as many as 50 new retail-based health clinics next year, according to published reports, as part of a clear health care play the retailer is making in the midst of healthcare reform.

We’ve said it before and we’re saying it again: 2014 will be the year of the retail clinic. Kroger currently has about 106 clinic locations and, by the end of 2013, the company looks to have nearly 120 clinics across six states. Next year, as many as 50 additional clinics will open their doors, according to reports.

Kroger’s Little Clinic is on a growth path. The company is looking to open as many as 50 new retail-based health clinics next year, according to published reports, as part of a clear health care play the retailer is making in the midst of healthcare reform.

We’ve said it before and we’re saying it again: 2014 will be the year of the retail clinic.

November 1, 2013

A recent survey, dubbed the “Retail Buying Experience,” by Experticity has revealed an expertise gap among sales associates at retail. The survey also found that consumers value expertise above all else, but 2-out-of-5 consumers said they are routinely disappointed by the lack of expertise they encounter in the stores.

The survey findings really point to one word: personalization. Like the survey says, consumers want help with their buying decisions, and they want the retailers to be an active player in their shopping experience. They want retail sales associates who have product knowledge, can help in selecting the right products, have category knowledge and can assist in finding alternatives when the first choice is not available. They want personalization.

A recent survey, dubbed the “Retail Buying Experience,” by Experticity has revealed an expertise gap among sales associates at retail. The survey also found that consumers value expertise above all else, but 2-out-of-5 consumers said they are routinely disappointed by the lack of expertise they encounter in the stores.

The survey findings really point to one word: personalization.

November 1, 2013

Nikki’s Magic Wand, which enables consumers to access that remaining 20% of concealer, lip gloss or mascara that otherwise remains unused at the bottom of the tube, has announced that it is launching its first mass market campaign in time for the holiday season.

PITTSBURGH — Nikki’s Magic Wand, which enables consumers to access that remaining 20% of concealer, lip gloss or mascara that otherwise remains unused at the bottom of the tube, has announced that it is launching its first mass market campaign in time for the holiday season.

November 1, 2013

Almost 9-in-10 (88%) consumers will shop in stores this holiday season, compared to 75% who will shop online and 16% who will shop via mobile device.

San Francisco —  Almost 9-in-10 (88%) consumers will shop in stores this holiday season, compared to 75% who will shop online and 16% who will shop via mobile device. A new Harris Interactive survey co-sponsored by Aerohive Networks and Euclid also shows that physical retailers still need to address consumer concerns regarding in-store holiday shopping.

Specifically, consumers are most concerned about crowds (42%), lines (29%), and out-of-stock items (15%) affecting their in-store holiday shopping this year.

October 31, 2013

Rite Aid's same-store sales increased by 2.1% this month compared with October 2012, the retail pharmacy chain said Thursday, also issuing an estimate of the negative effects of Hurricane Sandy on its sales.

CAMP HILL, Pa. — Rite Aid's same-store sales increased by 2.1% this month compared with October 2012, the retail pharmacy chain said Thursday, also issuing an estimate of the negative effects of Hurricane Sandy on its sales.

October 30, 2013

Riding the subway just got beautiful thanks to L’Oréal Paris as the beauty brand will launch on Nov. 4 the first ever, intelligent vending experience in the New York City subway system.

NEW YORK — Riding the subway just got beautiful thanks to L’Oréal Paris as the beauty brand will launch on Nov. 4 the first ever intelligent vending experience in the New York City subway system.

October 30, 2013

A majority of Americans repeatedly buy products that retailers have on promotion and many also say they would return to a brick-and-mortar store when alerted to upcoming sales of previously purchased items, according to a new survey.

NEW YORK — A majority of Americans repeatedly buy products that retailers have on promotion and many also say they would return to a brick-and-mortar store when alerted to upcoming sales of previously purchased items, according to a new survey by Synqera, a retail technology startup that develops big data-driven technologies to bring personalized online shopping experience to physical retail stores.

October 30, 2013

Walgreens’ Health Clinics have received accreditation from the Accreditation Association for Ambulatory Health Care, the company has announced.

DEERFIELD, Ill. — Walgreens’ Health Clinics have received accreditation from the Accreditation Association for Ambulatory Health Care, the company has announced.

The accreditation is a symbol of quality recognizing that each Healthcare Clinic meets AAAHC requirements, embodying best practices and operating in compliance with nationally recognized standards of care. Specifically, the accreditation distinguishes Healthcare Clinics at select Walgreens as delivering high-quality care in an environment that promotes patient safety.

October 29, 2013

Hamacher Resource Group VP Dave Wendland is moderating Drug Store News' Diabetes & Chronic Care Roundtable for the 10th consecutive year, the company said Tuesday.

WAUKESHA, Wis. — Hamacher Resource Group VP Dave Wendland is moderating Drug Store News' Diabetes & Chronic Care Roundtable for the 10th-consecutive year, the company said Tuesday.

The roundtable, part of the DSN Industry Issues Summit, will take place on Dec. 3 at the New York Athletic Club in New York and include participants like Walgreens, Thrifty-White, Costco, H-E-B, Ahold, Kerr Drug, AmerisourceBergen and McKesson/Health Mart, as well as numerous suppliers.

October 28, 2013

Blistex expanded its product portfolio in October with the launch of two new lip balms — Nurture and Nourish and Lip Vibrance.

OAK BROOK, Ill. — Blistex expanded its product portfolio in October with the launch of two new lip balms — Nurture and Nourish and Lip Vibrance.

October 28, 2013

Experticity has announced the findings of its first ever “Retail Buying Experience” survey, which uncovers a striking expertise gap among sales associates in five retail areas: health and nutrition, prestige beauty, outdoor, sporting goods and hunting or fishing.

SALT LAKE CITY — Experticity has announced the findings of its first ever “Retail Buying Experience” survey, which uncovers a striking expertise gap among sales associates in five retail areas: health and nutrition, prestige beauty, outdoor, sporting goods and hunting or fishing.

October 28, 2013

Walgreens is collecting donations for breast cancer treatment through a partnership with Susan G. Komen to mark National Breast Cancer Awareness Month, which takes place this month.

DALLAS — Walgreens is collecting donations for breast cancer treatment through a partnership with Susan G. Komen to mark National Breast Cancer Awareness Month, which takes place this month.

October 25, 2013

In recognition of National Prescription Drug Take Back Day being held Oct. 26, CVS/pharmacy has launched the CVS/pharmacy Medication Disposal for Safer Communities Program.

WOONSOCKET, R.I. — In recognition of National Prescription Drug Take Back Day being held Oct. 26, CVS/pharmacy has launched the CVS/pharmacy Medication Disposal for Safer Communities Program.

The new program is designed to provide police departments across the country with an easy way to team up with CVS/pharmacy locations in their area to hold National Drug Take Back Day events or to help raise community awareness of local drug disposal programs managed by law enforcement.

October 25, 2013

For the second year in a row, Dollar General has topped Kantar Retail’s opening price point survey, narrowly beating out Walmart.

BOSTON — For the second year in a row, Dollar General has topped Kantar Retail’s opening price point survey, narrowly beating out Walmart. 

October 25, 2013

With is proposed acquisition of German wholesaler Celesio, McKesson creates a global distribution enterprise on the scale of Walgreens, Alliance Boots and AmerisourceBergen before them. In addition to wholesaling, Celesio operates about 2,200 pharmacies across six countries and is the No. 2 operator in the United Kingdom.

Retail pharmacy and drug sourcing both are more and more becoming a global business. Just last week, the head of the second-biggest drug chain in Brazil announced he would be open to a buyout. So expect more of these headlines in the months to come.

With is proposed acquisition of German wholesaler Celesio, McKesson creates a global distribution enterprise on the scale of Walgreens, Alliance Boots and AmerisourceBergen before them. In addition to wholesaling, Celesio operates about 2,200 pharmacies across six countries and is the No. 2 operator in the United Kingdom. 

October 25, 2013

According to a Herald-Mail Media report published Thursday, Walgreens is set to acquire five Home Care pharmacies operated by hospital system Meritus Health within the next six weeks.

HAGERSTOWN, Md. — According to a Herald-Mail Media report published Thursday, Walgreens is set to acquire five Home Care pharmacies operated by hospital system Meritus Health within the next six weeks. 

October 24, 2013

Catalina Health on Thursday announced it will complete installation of all Safeway pharmacies into its retail pharmacy network at the end of November.

ST. PETERSBURG, Fla. — Catalina Health on Thursday announced it will complete installation of all Safeway pharmacies into its retail pharmacy network at the end of November. Safeway will be utilizing Catalina Health pharmacy programs to disseminate information to their customers to encourage prescription medication adherence and compliance and advocate healthy lifestyles.

October 24, 2013

Coupons.com on Thursday announced the appointment of former Safeway executive Mir Aamir as the company’s CFO and COO. He will oversee all financial and accounting functions.

MOUNTAIN VIEW, Calif. — Coupons.com on Thursday announced the appointment of former Safeway executive Mir Aamir as the company’s CFO and COO. He will oversee all financial and accounting functions.  

The roles are presently managed by Richard Hornstein, the company’s CFO and general counsel. Hornstein will continue in the role of general counsel and chief legal officer, a role he has held for the past two-and-a-half years. Aamir, in addition to the finance functions, will also oversee the company’s operations and the international business.

October 24, 2013

McKesson on Thursday confirmed its proposed acquisition of Celesio, a leading international wholesale and retail company and provider of logistics and services to the pharmaceutical and healthcare sectors, with an agreement to acquire a majority stake in Celesio for €23 per share (US$31.75 per share) and to launch parallel voluntary public tender offers for the remaining publicly traded shares and outstanding convertible bonds of Celesio.

SAN FRANCISCO — McKesson on Thursday confirmed its proposed acquisition of Celesio, a leading international wholesale and retail company and provider of logistics and services to the pharmaceutical and healthcare sectors, with an agreement to acquire a majority stake in Celesio for €23 per share (US$31.75 per share) and to launch parallel voluntary public tender offers for the remaining publicly traded shares and outstanding convertible bonds of Celesio.