Content about retail

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.

November 6, 2013

Online beauty platform BeautyStat.com has relaunched its site to include Pinterest-like visual features and an e-commerce angle to provide beauty mavens with an easy search and discovery platform.

NEW YORK — Online beauty platform BeautyStat.com has relaunched its site to include Pinterest-like visual features and an e-commerce angle to provide beauty mavens with an easy search and discovery platform.

November 6, 2013

Once dismissed as belonging to the realm of techno-utopians and anti-government libertarians, bitcoin has lately grown in popularity among investors and retailers. Could it find acceptance among drug stores as well?

NEW YORK — Once dismissed as belonging to the realm of techno-utopians and anti-government libertarians, bitcoin has lately grown in popularity among investors and retailers. Could it find acceptance among drug stores as well?

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.