Chain Drug Review back issues from March 2000:
Eckerd to dose 289 stores, delay IPO.
Mar 13, 2000; ... PLANO, Texas -- As it tries to recover from an ongoing sales slump that has plunged its stock price to a 14-year low and trimmed nearly $16 billion from its value, J.C. Penney Co. said last month that it will shut more than 330 outlets, including 289 drug stores operated by its Eckerd ...
CVS opens third Health Connection.
Mar 13, 2000 ... WASHINGTON--A newly relocated CVS Corp. drug store in this city's struggling northeastern section is the site of the third CVS Heath Connection resource center. Officially opened late last month the 1,000-square-foot enclosed facility adjacent to the store's pharmacy offers ...
NACDS offers its view of pending privacy regs.
Mar 13, 2000 ... ALEXANDRIA Va. -- The National Association of Chain Drug Stores is urging federal policymakers to recognize the role pharmacists play in protecting the privacy of patients' medical histories and to ensure those safeguards will continue under any new federal privacy regulations. ...
CDMA, HotOffTheWire.com ink deal.
Mar 13, 2000 ... FORT LAUDERDALE, Fla. -- The Chain Drug Marketing Association (CDMA) has entered a strategic partnership with HotOffTheWire.com to deliver a broad range of products and services to the trade group's members. HotOffTheWire.com is the "ultimate web wholesaling environment," says ...
2000 CDR Sales Survey.(Brief Article)
Mar 13, 2000 ... NEW YORK -- Led by pharmacy, chain drug stores lifted their sales 9% last year to more than $105 billion. The trade class captured nearly three-quarters of all drug store sales for its highest market share ever. But the advance was hardly universal when broken down ...
Chains aid anticancer campaign.(Brief Article)
Mar 13, 2000; ... NEW YORK -- More than 25,000 chain pharmacies have been enlisted in a massive public education campaign on colorectal disease launched this month. Over 75,000 chain pharmacists are participating in the effort of the National Colorectal Cancer Research Alliance (NCCRA), which was ...
Florida seeks to reinstate charges against Rite Aid.
Mar 13, 2000; ... TALLAHASSEE, Fla. -- Less than a week after a Florida court dismissed a lawsuit against Rite Aid Corp., saying it had found no evidence that the drug chain overbilled more than 29,000 prescription customers, the Florida attorney general's office has asked the court to reconsider its ...
Community Rx institute makes its first grants.(Brief Article)
Mar 13, 2000 ... ALEXANDRIA, Va. -- The Institute for the Advancement of Community Pharmacy (IACP) has awarded its first grants, after making selections from the more than 150 proposals that were submitted during its initial funding cycle. Established in 1998 by the National Association of Chain ...
Supreme Court acts in pricing case.(Brief Article)
Mar 13, 2000 ... WASHINGTON -- A one-line order by the Supreme Court has given a victory to four drug manufacturers and five wholesale distributors, as the justices refused to revive a central claim in an antitrust suit that dates back to 1993. Several retail pharmacy operators filed suit ...
NACDS sets conference for autumn.(Brief Article)
Mar 13, 2000 ... ALEXANDRIA, Va. -- The National Association of Chain Drug Stores has finalized plans for the NACDS 2000 Fall Conference, which will be held October 22 through October 25 at the Savannah Westin Resort in Savannah, Ga. The conference will feature three days of intensive industry ...
Rite Aid opens in Grand Central Station.(Brief Article)
Mar 13, 2000; ... NEW YORK -- Amid the flurry of drug store openings in this city recently, Rite Aid Corp. has landed one of the most high-profile, heavily trafficked locations imaginable. Late last month the company cut the ribbon on a unusually configured unit in the newly refurbished Grand Central ...
Rx technicians gain recognition.(Brief Article)
Mar 13, 2000 ... WASHINGTON--While technology has reduced the workload of retail pharmacists and helped head off potential problems with patient misuse of medications, human intervention in the form of pharmacy technicians has also played a key role in making the nation's pharmacies more efficient. ...
Unilever revamps operations.(Brief Article)
Mar 13, 2000 ... ROTTERDAM, The Netherlands -- Unilever will drastically scale back its operations, eliminating 25,000 jobs over five years, closing 100 factories and phasing out up to three-quarters of its brands. The layoff of one-tenth of Unilever's global workforce represents one of the ...
L' Orea1 agrees to acquire Carson.(Brief Article)
Mar 13, 2000 ... NEW YORK -- Cosmair Inc., the domestic subsidiary of Paris-based L'Oreal S.A., has agreed to acquire ethnic beauty products supplier Carson Inc. in a deal that will see the beauty care giant pay $5.20 per share for all of Carson's outstanding common stock. The board of directors ...
Del Laboratories Inc.(Brief Article)
Mar 13, 2000 ... Del Laboratories Inc. has released several new products under the Sally Hansen and Naturistics labels. Sally Hansen's MEGA SHINE is an extended-wear top coat the company says keeps polish fresher and helps it dry faster. Mega Shine is sealed with a waterproof protective shield that resists ...
Helen of Troy LP.(Brief Article)
Mar 13, 2000 ... Helen of Troy LP, under a license from Revlon, introduces REVLON'S SHOWER BRUSHES AND COMBS. The line of beauty tools are specially designed to be used in the shower on wet hair, offering ...
Orly International Inc.(Brief Article)
Mar 13, 2000 ... Orly International Inc. will unveil its SPRUNG nail color collection that includes shades from tangerine orange to rose pink with a ...
Procter & Gamble Co.(Brief Article)
Mar 13, 2000 ... Procter & Gamble Co. is set to launch new color collections under the Max Factor and Cover Girl brands. Max Factor's ELECTRIC SUNSET COLLECTION for spring is inspired by the colors of the Far East and features pink and orange hues of Siam, as seen in the upcoming film Anna and the King ....
American Greetings Corp.(Brief Article)
Mar 13, 2000 ... American Greetings Corp. is ready for the United States launch of BUBBLEGUM, a line of products based on licensed characters that are popular in the United Kingdom. Bubblegum characters are easily identified by their oversize heads, exaggerated smiles, mad-waving hair and ...
FLEX RULER.(Brief Article)
Mar 13, 2000 ... After a nearly five-year hiatus It's Academic has introduced a new line of safety- and style-conscious school supplies. The new line includes the FLEX RULER, a ruler made of a polymer that twists but doesn't break. All products in the line come in a rainbow of coordinated colors ...
Zebra Pen Corp.(Brief Article)
Mar 13, 2000 ... Zebra Pen Corp. is introducing CRAFT-STAR, an addition to its line of hobby and craft products. The line's double-ended marker works on all types of surfaces, including paper, poster ...
Steadtler Inc.(Brief Article)(Product Announcement)
Mar 13, 2000 ... Steadtler Inc., manufacturer of writing instruments, arts and crafts, and drawing and technical products, has introduced UNIVERSAL3 COMPASS, a three-in-one, lightweight, metal compass that can accommodate ...
Maybelline unveils line.(Brief Article)(Product Announcement)
Mar 13, 2000 ... NEW YORK -- Maybelline Inc. is poised to launch East Mystique, its color cosmetics collection for spring. "A fusion of vibrant color, Far East fashion and cultural influences, East Mystique embodies the spirit of global beauty," says senior vice president of marketing Ketan ...
Nonstop Solutions rounds out offerings.(Brief Article)
Mar 13, 2000 ... SAN FRANCISCO -- Nonstop Solutions Inc., a company that has helped drug chains and pharmaceutical wholesalers save millions of dollars in distribution costs with its replenishment optimization service, has acquired Supply Chain Solutions Inc. (SCS) in a move Nonstop executives say rounds ...
Physicians Formula makes intros.(Brief Article)
Mar 13, 2000 ... AZUSA, Calif. -- Physicians Formula, a division of Pierre Fabre Inc., has added seven new items to its line of color corrective, hypoallergenic cosmetics. "Class to mass" is the cornerstone of Physicians Formula's positioning, with all of its products formulated with the same ...
WARNER BROS.(Brief Article)
Mar 13, 2000 ... WARNER BROS. has promoted Keith Hillyer to vice president of finance -- U.S. Hillyer is responsible for managing the financial, administration and planning functions for Wamer Home Video (WHV) U.S. based at the company's Burbank, Calif., headquarters. Hillyer joined WHV UK in ...
RECKITT & COLMAN.(Brief Article)
Mar 13, 2000 ... RECKITT & COLMAN has appointed Tim Spring vice president of its North American food products division. He will oversee marketing efforts for the company's food brands, including new product initiatives and trade ...
THE GREETING CARD ASSOCIATION.(Brief Article)
Mar 13, 2000 ... THE GREETING CARD ASSOCIATION (GCA), a trade organization founded in 1941, has elected American Greetings Corp. senior vice president of product development Jeff Weiss as its president. ...
REVLON INC.(Brief Article)
Mar 13, 2000 ... REVLON INC. has appointed Wade "Chip" Nichols executive vice president and chief administrative officer, succeeding Irwin Engelman, who retired at the end of 1999. In addition to his current responsibilities overseeing Revlon's legal and security departments, Nichols' responsibilities have ...
MAYBELLINE INC.(Brief Article)
Mar 13, 2000 ... MAYBELLINE INC. has named Ketan Patel senior vice president of marketing for Maybelline/Laboratoires Garnier. Patel has led the successful introduction of Laboratoires Gamier into the United States and will be responsible for launching new business opportunities for the brand. ...
SOFT SHEEN PRODUCTS INC.(Brief Article)
Mar 13, 2000 ... SOFT SHEEN PRODUCTS INC., a subsidiary of Cosmair Inc., has appointed Alexander Agee H director ...
MCKESSON HBOC INC.(Brief Article)
Mar 13, 2000 ... MCKESSON HBOC INC. has named Craig Niemiec senior vice president and chief financial officer for its information technology business. Prior to joining McKesson Niemiec ...
LEINER HEALTH PRODUCTS.(Brief Article)
Mar 13, 2000 ... LEINER HEALTH PRODUCTS, a supplier of self-care products, nutritional supplements and over-the-counter medications, has promoted Steve Miller to senior vice president and chief financial officer. Miller, who once served in the ...
AMERISOURCE HEALTH CORP.(Brief Article)
Mar 13, 2000 ... AMERISOURCE HEALTH CORP. has named J. Lawrence Wilson to the board of directors. Wilson, who was chairman and chief executive officer of Rohm & Haas, a manufacturer of specialty ...
Eckerd operating profits fall nearly 30% in fiscal '99.(Brief Article)
Mar 13, 2000 ... PLANO, Texas -- Hampered by unfavorable gross margin and expense trends, Eckerd Corp. saw operating profits fall nearly 30% during both the fourth quarter and for all of fiscal 1999, which ended January 29. The downturn at the drug chain comes as corporate parent J.C. Penney Co ....
Cardinal bottom line rises 22.6% in quarter.(Brief Article)
Mar 13, 2000 ... DUBLIN, Ohio -- With its pharmaceutical distribution unit producing record operating results, Cardinal Health Inc. scored a 22.6% bottom-line advance during this year's second quarter. Net income for the corporate parent of Medicine Shoppe International Inc. (MSI) reached $173.5 ...
Drugstore.com reports net loss as sales surge.(Brief Article)
Mar 13, 2000 ... BELLEVUE, Wash. -- Though sales continued to build at a brisk pace, drugstore.com sustained heavy losses for the quarter and year ended January 2. The start-up Internet retailer -- which began operations last February and completed an initial public offering in July -- reported net losses ...
Chain drug stocks.(Brief Article)
Mar 13, 2000 ... <Pre> Chain drug stocks CurrentPrevious close close Net %52-week 2/22/00 2/9/00 change change high Dow Jones Composite Average 2912.74...
Internet drug stores.(Brief Article)
Mar 13, 2000 ... <Pre>Internet drug stores Current Previousclose close Net %52-week 52-week 2/22/002/9/00 changechange high lowDiv ....
Parent companies & combo operators.(Brief Article)
Mar 13, 2000 ... <Pre> Parent companies & combo operatorsCurrent Previous close close Net%2/22/002/9/00 change change Ahold (combos) ...
Other retailers.(Brief Article)
Mar 13, 2000 ... <Pre> Other retailersCurrent Previous close close Net %52-week52-week2/22/002/9/00change change high low Div. A&P 24 3/425 3/8- 5/8 - 2.5 37 11/16 24 ...
Chain drug stocks fall 2% in February.(Brief Article)(Industry Overview)(Statistical Data Included)
Mar 13, 2000 ... NEW YORK -- Chain drug store stocks fell again during February as reports about the "overheating" of the U.S. economy sent the overall market plummeting. Analysts expect the Federal Reserve Board to raise interest rates several more times this year in an attempt to dampen red-hot economic ...
Net income drops 47.3% at Bergen Brunswig.(Brief Article)(Statistical Data Included)
Mar 13, 2000 ... ORANGE, Calif. -- Saddled by a higher debt load and the dilutive effect of a recent acquisition, Bergen Brunswig Corp.'s bottom line fell by nearly half during the first quarter of fiscal 2000. The drug wholesaling and health care company reported a 47.3% drop in net income to ...
AmeriSource posts 20.7% advance in earnings.(Brief Article)(Statistical Data Included)
Mar 13, 2000 ... MALVERN, Pa.--AmeriSource Health Corp., started fiscal 2000 off on strong financial footing. During the first quarter ended December 31 the drug wholesaler and health care distributor notched a 20.7% rise in net income to $21.6 million from $17.9 million a year earlier. ...
'Cleaning up store base' should be a plus for Eckerd.(Brief Article)(Statistical Data Included)
Mar 13, 2000; ... Viewed from a certain angle, Penney's decision to close 289 Eckerd drug stores over the next few months can be seen as the most positive development at the drug chain since Penney acquired it three years ago. The stores slated to be shut, a few from virtually every Eckerd ...
EMSON Steams Up For 2000.(Brief Article)(Statistical Data Included)
Mar 13, 2000 ... Emson, the leader in As Seen On TV Products, known for its success of its 100th Anniversary Lionel Train Clock, Citrus Express, Baconwave and many others is well positioned for the year 2000. With today's launch of the Wonder Steamer, Emson is on target again. Agreements between ...
Drug chains vital as ever.(Brief Article)(Statistical Data Included)
Mar 13, 2000 ... CDR Special Report -- The year that was was the year that: * America's drug chains continued to perform at least as well as expected. Chain drug volume advanced 9% last year, to a record $105.5 billion. The increase was enough to give drug chains just over 72% of America's ...
Convenience becomes the mantra of retailers.(Statistical Data Included)
Mar 13, 2000 ... NEW YORK -- There's a new mantra for chain drug retailers. Instead of location, location, location, the formula that holds the key to success for drug chains is now convenience, convenience, convenience. That's evident from the three categories in the chain drug mix that posted ...
Pharmacy drives growth.(Brief Article)(Statistical Data Included)
Mar 13, 2000 ... NEW YORK -- Prescription drugs again were the primary drivers of sales growth in the chain drug industry in 1999. While total volume rose 9% to $105.4 billion, pharmacy sales surged 14.3% to $49 billion, accounting for 46.5% of the merchandise mix. The steadily increasing demand ...
Challenges for retail Rx are plentiful.(Brief Article)(Statistical Data Included)
Mar 13, 2000 ... NEW YORK -- While chain drug stores are enjoying phenomenal sales behind the prescription counter, they are confronting other issues that relate to pharmacy. Over the last several years the percentage of prescriptions paid for with cash has dropped dramatically, squeezing the margins of ...
Sales of O-T-Cs lackluster.(over the counter drugs)(Brief Article)(Statistical Data Included)
Mar 13, 2000 ... NEW YORK--Although sales of herbal products and homeopathic remedies failed to maintain the momentum in 1999 that they enjoyed the preceding year, those items and other nutritional supplements continued to be major forces in an over-the-counter pharmaceutical category that grew a ...
Cough/cold segment gets back into gear.(Brief Article)
Mar 13, 2000 ... NEW YORK -- Whether they were conventional remedies developed by mainstream suppliers or herbal and mineral supplements created by new companies, the cold products arena was one of the major turnaround stories in the over-the-counter market in chain drug stores last year. In ...
Pace of Rx-to-O-T-C switches slows.(Brief Article)
Mar 13, 2000 ... NEW YORK -- Among the reasons for the slower growth of the over-the-counter medications market last year, industry participants say, was a reduction in the number of products switched from prescription-only to O-T-C status. "The number of switches in 1999 was down compared with ...
Beauty business shows some signs of life.
Mar 13, 2000 ... NEW YORK -- Beauty care, which once was among the strongest-performing categories in chain drug stores but has posted declining sales recently because of increased competition from other trade classes, showed some signs of life last year. Volume in the trade class rose 4.3% in 1999 to ...
Prospects are bright for ethnic beauty care.(Brief Article)
Mar 13, 2000 ... NEW YORK -- After a nearly 6% gain in ethnic hair care sales last year the chain drug industry has high hopes for the category. While it has recorded only limited increases over the past few years, 1999's advance to nearly $487.2 million has helped restore confidence in the ...
There are many good reasons to target teens.
Mar 13, 2000 ... Are today's teenagers different from generations that came before, or are they fundamentally the same? That's not an idle question for mass market retailers and manufacturers focused on the lucrative teen market, approaching $130 billion in direct expenditures last year, according to the ...
Teens' fascination with the new has been repeatedly demonstrated - The Market.
Mar 13, 2000 ... When it comes to beauty care products, keeping up with the latest trends is very important to teenage consumers. As a group, teens demonstrate varying degrees of brand loyalty in different product categories, but the novelty factor plays a major role in cosmetics, fragrances, skin care and ...
Cosmetics - Courting teenagers can create customers for life.
Mar 13, 2000 ... No category is more integral to the teen beauty care market than cosmetics. Girls between the ages of 13 and 19 spent some $9 billion on cosmetics, fragrances and other beauty care products last year, according to Teenage Research Unlimited. Cosmetics shopping starts early and increases ...
Cosmetics- Suppliers offer wealth of Product options.
Mar 13, 2000 ... As older teens graduate to more mature brand choices in color cosmetics they have plenty of merchandise from which to choose. From such category stalwarts as Procter & Gamble Co.'s (P&G's) Cover Girl, Maybelline and L'Oreal to more targeted brands, such as Del Laboratories Inc.'s New York ...
Skin Care Fighting acne is the top priority.
Mar 13, 2000 ... One thing today's tech-savvy, Internet-connected teenagers have in common with the generations of young people who came before them is the ongoing battle against acne. "Preventing pimples and blackheads and treating them when they occur remains the backbone of the teen skin care ...
Body Art A fad that has become a teen beauty staple.
Mar 13, 2000 ... A decade ago temporary tattoos were considered fad items, most often as novelties in promotional campaigns. Today, however, the products have evolved into a larger business dubbed body art, which has emerged as a growing and important segment in the teen beauty care mix. ...
Hair Care Teens help revitalize category.(drugstore chains)
Mar 13, 2000 ... From shampoos and conditioners to hair coloring and styling aids, hair care products are an important focus for teenagers in their beauty care regimens. The involvement of teens, along with some exciting product introductions, get the credit for revitalizing such mature segments ...
Nail Care A gateway to the world of color cosmetics.(Chain drug stores)
Mar 13, 2000 ... Often one of the first products young girls choose when they begin to experiment with makeup, nail color functions as a gateway product to other color cosmetics for teens. As a demographic group, teenagers rank among the heaviest users of nail color. In fact, girls in the ...
Bath & Body A product category with an element of fun.(chain drug stores)
Mar 13, 2000 ... Industry analysts agree that teenagers have played a major role in the emergence of bath and body as a viable mass market beauty care category over the past decade. "Teens enjoy all the products in the category, from bath oils and beads to scented candles and aromatherapy," says ...
The front-end pacesetter.(chain drug stores)
Mar 13, 2000 ... NEW YORK -- Consumables had another strong year in chain drug stores, growing faster than every other front-end category in the trade class. With sales increasing 9% to $6.33 billion in 1999, the consumables category reaffirmed its place as a core part of the chain drug mix. ...