Recently added articles from Chain Drug Review:
New day dawns at Rite Aid.(News)
Sep 01, 2008 ... [ILLUSTRATION OMITTED] BALTIMORE -- Rite Aid Corp. convened its annual trade show here two weeks ago. Against all expectations and probabilities, despite all forecasts, the event was by all accounts the most impressive, exciting, productive and uplifting in the decade during ...
Two stellar chief execs speak out.(My Turn)(CVS Caremark Corp. mergers with Longs Drug Stores )
Sep 01, 2008; Pinto, David ... Here are some of the comments CVS Caremark Corp. chairman and chief executive officer Tom Ryan made on a recent conference call following the announcement of the intended acquisition of Longs Drug Stores by CVS: "We entered southern California in 2004, organically. Then we ...
Mastrian brings illustrious chain drug career to close.(News)(Jim Mastrian)(Brief article)
Sep 01, 2008 ... CAMP HILL, Pa. -- Closing out a career in chain drug retailing that has spanned more than four decades, Jim Mastrian has retired as special adviser on corporate strategy at Rite Aid Corp. An architect of Rite Aid's acquisition and assimilation of Brooks Eckerd Pharmacy, Mastrian ...
CVS readies beauty format.(News)(CVS Caremark Corp.)
Sep 01, 2008 ... WOONSOCKET, R.I. -- Continuing to expand the horizons of chain drug retailing, CVS Caremark Corp. this year will debut a high-end beauty format. Called Beauty 360, the concept will debut in the Northeast by the end of December, with a second pilot probably opening on the West ...
NACDS raises the flag for retail Rx industry.(News)(National Association of Chain Drug Stores)
Sep 01, 2008; Schultz, John ... [ILLUSTRATION OMITTED] SAN DIEGO -- Optimistic over the future yet realistic about the challenges that await, National Association of Chain Drug Stores president and chief executive officer Steve Anderson urged attendees at the NACDS Pharmacy and Technology Conference to adopt ...
Medi-Cal cuts put on hold.(News)
Sep 01, 2008 ... LOS ANGELES -- A federal judge last month ordered a temporary halt in the state's 10% reduction in Medi-Cal reimbursement rates, saying that state lawmakers passed the measure without considering the impact the cuts would have on the healthcare providers participating in the program. ...
Dissenting view on CVS/Longs deal heard.(News)(Longs Drug Stores Corp.)
Sep 01, 2008 ... NEW YORK -- Two of the largest shareholders at Longs Drug Stores say they think CVS Caremark Corp.'s takeover offer does not reflect the full value of the company. Despite the 32% premium CVS Caremark is willing to pay Longs shareholders, Advisory Research Inc. and the hedge ...
Armbuster takes reins at Navarro.(News)(Navarro Discount Pharmacies appointed Lee Armbuster)(Brief article)
Sep 01, 2008 ... MIAMI -- Navarro Discount Pharmacies has named Lee Armbuster its new chief executive officer, replacing Marcio Cabrera. Earlier this year Armbuster came to Navarro as its chief operating officer. An industry veteran, Armbuster was previously president of Supervalu Inc.'s Shop 'n ...
CMS gives Part D high marks.(News)(Centers for Medicare and Medicaid Services)(Brief article)
Sep 01, 2008 ... WASHINGTON -- The Medicare prescription benefit program is working, according to the Centers for Medicare and Medicaid Services (CMS). As the Medicare Part D program enters its fourth year, CMS says beneficiary satisfaction rates are high, program costs are lower than originally ...
Lalla takes on key lob at Katz.(News)(Ron Lalla)(Katz Group Canada Ltd.)(Brief article)
Sep 01, 2008 ... [ILLUSTRATION OMITTED] MISSISSAUGA, Ontario -- Katz Group Canada Ltd./Rexall has appointed Ron Lalla to the newly created position of business transformation leader and chief technology officer. Lalla joins Katz Group Canada from Corporate Express, where he was ...
Cal. pedigree rule to be delayed.(News)(California, United States)
Sep 01, 2008 ... SAN DIEGO -- Chain drug retailers and their partners in the pharmaceutical supply chain could be granted four additional years to create an electronic tracking system for prescription drugs in California. State legislators have passed a bill--which at presstime awaited the ...
Pharmasave gets a little greener.(News)(Brief article)
Sep 01, 2008 ... VANCOUVER, British Columbia -- Pharmasave Drugs is replacing all of its plastic checkout bags with biodegradable and recyclable alternatives. The program--the first among Canadian pharmacies--began during the week of July 21 at all 400 Pharmasave outlets across Canada. According ...
Sales of supplements to surge.(Supplier News)
Sep 01, 2008 ... NEW YORK -- The downturn in the economy will have little effect on the sale of nutritional supplements, a new study from Packaged Facts Inc. shows. According to the study, "Nutritional Supplements in the U.S.," the market for vitamins, minerals, homeopathics and herbals will ...
Pankow, who ran brokerage, dies.(Supplier News)(Peter Pankow)(Pankow Associates)(Obituary)(Brief article)
Sep 01, 2008 ... PARK RIDGE, Ill. -- Peter Pankow, who built his home-based sales agency into one of the industry's largest brokers, died last month at his home here. He was 88. Pankow and his partner Allen Hirschfield started what would eventually become Pankow Associates in 1957. Over the ...
Energizer extends battery line.(Supplier News)(Energizer Holdings Inc.)(Brief article)
Sep 01, 2008 ... [ILLUSTRATION OMITTED] ST. LOUIS -- Energizer Holdings Inc. has introduced a new line of lithium batteries for high-drain devices and a line of mercury-free hearing aid batteries. Energizer Advanced Lithium batteries are designed for use with such electronic devices ...
Kellogg strengthens management team.(Supplier News)
Sep 01, 2008 ... BATTLE CREEK, Mich. -- John Bryant has been promoted to chief operating officer of Kellogg Co. The company also announced a number of other promotions. Bryant had been executive vice president, chief financial officer and president of Kellogg North America. He joined the company ...
Gurka named VP at Garcoa.(Supplier News)(Dennis Gurka)(Garcoa Labs)(vice president)(Brief article)
Sep 01, 2008 ... CALABASAS, Calif. -- Dennis Gurka, a 20-year veteran of the health and beauty care business, has joined Garcoa Labs as vice president of marketing and sales. One of the largest full-line, private label personal care suppliers in the country, Garcoa provides mass market retailers ...
Airborne reaches settlement with FTC.(Supplier News)(United States. Federal Trade Commission)(Brief article)
Sep 01, 2008 ... WASHINGTON -- Airborne Inc. has settled a false advertising complaint by adding $6.5 million to funds it agreed to pay following a related class-action lawsuit. Under the settlement with the Federal Trade Commission, consumers who bought Airborne products between 2001 and 2008 ...
Duane Reade stays on the right track.(Business)(Financial report)
Sep 01, 2008 ... NEW YORK -- Steady sales growth, positive gross margin trends and the reduction of some expense categories enabled Duane Reade Inc. to make continued progress in reducing its net and operating losses while growing adjusted FIFO EBITDA by double digits in the second quarter of fiscal 2008. ...
Outlook for fiscal '08 tweaked.(Business)(Financial report)
Sep 01, 2008 ... NEW YORK -- After posting solid improvement for the quarter and the first half, Duane Reade's management reaffirmed its prior fiscal 2008 guidance for adjusted FIFO EBITDA in a range of $90 million to $95 million, but lowered its target for net retail sales to between $1.7 billion and ...