Content about Retail

February 6, 2014

Canadian pharmacy retailer Shoppers Drug Mart posted an increase in fourth-quarter sales driven by gains at the front end and strength in prescription count growth.

TORONTO — Canadian pharmacy retailer Shoppers Drug Mart posted an increase in fourth-quarter sales driven by gains at the front end and strength in prescription count growth. The company also noted that it is gearing up for an expansion of its enhanced beautyBOUTIQUE during 2014.

Sales for the quarter were Canadian $2.75 billion, an increase of 0.9% compared with the year-ago period. Same-store sales increased 1.2% during the quarter.

February 6, 2014

Retail industry sales — which exclude automobiles, gas stations, and restaurants — will increase 4.1% in 2014, up from the preliminary 3.7% growth seen in 2013, according to the National Retail Federation. The association’s 2014 economic forecast, released Thursday, calls for online sales to grow between 9% and 12%.

WASHINGTON — Retail industry sales — which exclude automobiles, gas stations, and restaurants — will increase 4.1% in 2014, up from the preliminary 3.7% growth seen in 2013, according to the National Retail Federation. The association’s 2014 economic forecast, released Thursday, calls for online sales to grow between 9% and 12%.

A number of factors contributed to NRF’s 2014 economic forecast, including:

February 5, 2014

In support of the health and well-being of its patients and customers, CVS Caremark announced on Wednesday that it will stop selling cigarettes and other tobacco products at its more than 7,600 CVS/pharmacy stores across the United States by Oct. 1, making CVS/pharmacy the first national pharmacy chain to take this step.

WOONSOCKET, R.I. — In support of the health and well-being of its patients and customers, CVS Caremark announced on Wednesday that it will stop selling cigarettes and other tobacco products at its more than 7,600 CVS/pharmacy stores across the United States by Oct. 1, making CVS/pharmacy the first national pharmacy chain to take this step. It also will undertake a robust national smoking-cessation program that will launch in the spring.

February 5, 2014

CVS Caremark was awarded the 2014 Rx Benefit Innovation Award by the Pharmacy Benefit Management Institute on Tuesday, the company reported.

WOONSOCKET, R.I. — CVS Caremark was awarded the 2014 Rx Benefit Innovation Award by the Pharmacy Benefit Management Institute on Tuesday, the company reported. The award recognizes the company's new Specialty Connect program, which was developed by CVS Caremark to improve access, quality of care and convenience for specialty pharmacy patients.

February 4, 2014

The Global Market Development Center released a new whitepaper, “Amazon in Focus: Overview,” which summarizes an analysis of Amazon’s business model, presented by Keith Anderson, VP and senior analyst at RetailNet Group, in a GMDC* Connect Videocast.

COLORADO SPRINGS, Colo. — The Global Market Development Center on Monday released a new whitepaper, “Amazon in Focus: Overview,” which summarizes an analysis of Amazon’s business model, presented by Keith Anderson, VP and senior analyst at RetailNet Group, in a GMDC* Connect Videocast.

February 4, 2014

Kodak Alaris has renewed its multi-year agreement with Bartell Drugs, which designates Kodak Alaris as Bartell's exclusive partner within the photo category for all retail and online printing solutions.

ROCHESTER, N.Y. — Kodak Alaris has renewed its multi-year agreement with Bartell Drugs, which designates Kodak Alaris as Bartell's exclusive partner within the photo category for all retail and online printing solutions.

February 3, 2014

Even as online shopping continues to grow, more U.S. shoppers are planning to make purchases from physical stores in 2014, according to a survey by Accenture. In the “seamless retailing” study, 21% of U.S. shoppers said they plan to increase their in-store purchasing, up from just 9% in last year’s study.

NEW YORK — Even as online shopping continues to grow, more U.S. shoppers are planning to make purchases from physical stores in 2014, according to a survey by Accenture. In the “seamless retailing” study, 21% of U.S. shoppers said they plan to increase their in-store purchasing, up from just 9% in last year’s study.

February 3, 2014

Leaders from the National Association of Chain Drug Stores set the stage Monday morning at the Regional Chain Conference for regional chain attendees to tackle issues ranging from the Affordable Care Act implementation to digital’s impact on shoppers and stores, to how to engage in interactive discussions and business meetings.

NAPLES, Fla. — Leaders from the National Association of Chain Drug Stores set the stage Monday morning at the Regional Chain Conference for regional chain attendees to tackle issues ranging from the Affordable Care Act implementation to digital’s impact on shoppers and stores, to how to engage in interactive discussions and business meetings.

February 3, 2014

A desire to provide an integrated continuum of care that leads to improved outcomes and patient satisfaction has placed a renewed focus on U.S. hospitals offering on-campus retail pharmacies, according to a report by HealthLeaders Media.

NEW YORK — A desire to provide an integrated continuum of care that leads to improved outcomes and patient satisfaction has placed a renewed focus on U.S. hospitals offering on-campus retail pharmacies, according to a report by HealthLeaders Media.

February 3, 2014

Script Relief launched a new and improved HelpRx website that, according to the company, aims to provide a user-friendly experience and additional resources to people searching for prescription drug discounts, as well as information about medications.

NEW YORK — Script Relief launched a new and improved HelpRx website that aims to provide a user-friendly experience and additional resources to people searching for prescription drug discounts, as well as information about medications.

Consumers can use the Rx Search tool on the website to find prescription drug coupouns, which can be printed or sent to a user's email address or mobile phone. The coupons can be presented at more than 50,000 pharmacies across the nation, which savings reaching up to 75% off the prescription's retail price, the company said.

January 30, 2014

Recognizing the vital role that retail-based health clinics play in today’s healthcare system, the Scattergood Foundation is exploring the most effective way to integrate mental health care into retail clinics through its 2014 Design Challenge.

NEW YORK — Recognizing the vital role that retail-based health clinics play in today’s healthcare system, the Scattergood Foundation is exploring the most effective way to integrate mental health care into retail clinics through its 2014 Design Challenge.

January 30, 2014

VB Beauty’s Pulsaderm line has launched the new Pulsaderm Buddy, which offers the reinvigorating pulsation technology of the Pulsaderm in a compact size that's small enough to fit into the palm of the hand.

FORT MYERS, Fla. — VB Beauty’s Pulsaderm line has launched the new Pulsaderm Buddy, which offers the reinvigorating pulsation technology of the Pulsaderm in a compact size that's small enough to fit into the palm of the hand.

January 30, 2014

Vapor Corp., a U.S.-based electronic cigarette company, will unveil a store-in-store "authorized dealer" retail concept at the Tobacco Plus Convenience Expo in Las Vegas.

DANIA BEACH, Fla. — Vapor Corp., a U.S.-based electronic cigarette company, will unveil a store-in-store "authorized dealer" retail concept at the Tobacco Plus Convenience Expo in Las Vegas, which is set to take place with the Las Vegas Convention Center from Jan. 29 to Jan. 30, 2014.   

January 30, 2014

Walgreens announced that it is expanding its relationship with technology company Inovalon to implement its patient assessment tool and technology platform to support improvements in care, quality and risk score accuracy programs across more than 400 Healthcare Clinics at select Walgreens locations.

DEERFIELD, Ill. — Walgreens announced on Thursday that it is expanding its relationship with technology company Inovalon to implement its patient assessment tool and technology platform to support improvements in care, quality and risk score accuracy programs across more than 400 Healthcare Clinic at select Walgreens locations.

January 30, 2014

The Promotion in Motion Cos. announced the launch of Welch's PB&J Snacks, which combine the tastes of peanut butter and jelly in one treat.

ALLENDALE, N.J. — The Promotion in Motion Cos., makers of Welch's Fruit Snacks, announced the launch of Welch's PB&J Snacks, which combines the tastes of peanut butter and jelly in one treat. 

The bite-sized snacks have a chewy center made with real fruit, which is surrounded by a peanut butter coating. Snackers can choose from four varieties: Concord Grape or Strawberry center and creamy or crunch peanut butter outside.

January 29, 2014

Tough comparisons against a robust flu season last year and the continued lackluster economy may put a chill in pharmacy comps for the month of January, wrote Credit Suisse research analyst Ed Kelly.

NEW YORK — Tough comparisons against a robust flu season last year and the continued lackluster economy may put a chill in pharmacy comps for the month of January, wrote Credit Suisse research analyst Ed Kelly in a note published Wednesday. 

January 29, 2014

Global consumer confidence held steady at an index of 94 for three consecutive quarters, ending 2013 one point higher than it started and three points higher than the same time period the previous year, according to consumer confidence findings released by Nielsen.

NEW YORK — Global consumer confidence held steady at an index of 94 for three consecutive quarters, ending 2013 one point higher than it started and three points higher than the same period the previous year, according to consumer confidence findings released Wednesday by Nielsen.

January 28, 2014

H.D. Smith and the Nigerian Association of Pharmacists and Pharmaceutical Scientists in the Americas on Monday awarded the inaugural H. D. Smith and NAPPSA Scholarship to Oreoluwa Adedoyin.

SPRINGFIELD, Ill. — H.D. Smith and the Nigerian Association of Pharmacists and Pharmaceutical Scientists in the Americas on Monday awarded the inaugural H. D. Smith & NAPPSA Scholarship to Oreoluwa Adedoyin. 

January 28, 2014

Merchandise returns in 2013 cost retailers in the United States more than $267 billion in lost sales. That’s one of the findings contained in the Retail Equation’s "2013 Consumer Returns in the Retail Industry" study.

IRVINE, Calif. — Merchandise returns in 2013 cost retailers in the United States more than $267 billion in lost sales. That’s one of the findings contained in the Retail Equation’s "2013 Consumer Returns in the Retail Industry" study, which analyzes results from the National Retail Federation’s annual survey on merchandise returns and the "2012 Canadian Retail Security Survey" from the Retail Council of Canada National Retail Federation.

January 27, 2014

ScriptCycle, a technology company that serves pharmacies and patients, will launch its comprehensive cash solutions for retail pharmacies at the NACDS Regional Conference in February.

ASHEVILLE, N.C. — ScriptCycle, a technology company that serves pharmacies and patients, will launch its comprehensive cash solutions for retail pharmacies at the NACDS Regional Conference in February. The products aim to help pharmacies address challenges related to their cash prescription business, the company said.

ScriptCycle said its business model has produced average per-store savings of $7,000 to $12,000 per year.

January 27, 2014

Eighty percent of U.S. consumers use the Internet when they shop. The fourth annual research study of shopper behavior, conducted by Cisco Consulting Services, revealed the percentage of “uber-digitals” shoppers, who regularly use their smartphones for their shopping decision-making, nearly doubled to 18% of the sampled population.

NEW YORK — Eighty percent of U.S. consumers use the Internet when they shop. The fourth annual research study of shopper behavior, conducted by Cisco Consulting Services, revealed the percentage of “uber-digitals” shoppers, who regularly use their smartphones for their shopping decision-making, nearly doubled to 18% of the sampled population.

January 24, 2014

Private equity firm Palladin Consumer Retail Partners on Thursday announced the acquisition of KT Health, a producer of kinesiology tape and related sports medicine products in the retail market.

BOSTON — Private equity firm Palladin Consumer Retail Partners on Thursday announced the acquisition of KT Health, a producer of kinesiology tape and related sports medicine products in the retail market. KT Tape, the company’s flagship product, is used by professional and recreational athletes to prevent injury, reduce pain, promote recovery and maximize comfort.  

January 23, 2014

CCA Industries, whose portfolio of health and beauty products includes Plus+White toothpastes and teeth whiteners, Bikini Zone medicated topical and shave gels, Nutra Nail nail care treatments and Gel Perfect UV-free gel color, is restructuring its operations and entering a partnership with sales and marketing company the Emerson Group

EAST RUTHERFORD, N.J. — CCA Industries, whose portfolio of health and beauty products includes Plus+White toothpastes and teeth whiteners, Bikini Zone medicated topical and shave gels, Nutra Nail nail care treatments and Gel Perfect UV-free gel color, is restructuring its operations and entering a partnership with sales and marketing company the Emerson Group    

January 22, 2014

HealthSpot has formed a strategic partnership with MedAvail Technologies, which created the MedAvail MedCenter telepharmacy kiosk, to enable HealthSpot station locations to provide pharmacy services in addition to acute care telehealth services in locations where there is no retail pharmacy, such as employer sites and community locations.

DUBLIN, Ohio — HealthSpot has formed a strategic partnership with MedAvail Technologies, which created the MedAvail MedCenter telepharmacy kiosk, to enable HealthSpot station locations to provide pharmacy services in addition to acute care telehealth services in locations where there is no retail pharmacy, such as employer sites and community locations.
 

January 22, 2014

In a letter to congressional leaders, the National Retail Federation underscored the retail industry’s commitment to protecting sensitive consumer data in the wake of the recent international cyber attacks and thefts.

WASHINGTON — In a letter to congressional leaders, the National Retail Federation underscored the retail industry’s commitment to protecting sensitive consumer data in the wake of the recent international cyber attacks and thefts.