With just weeks to go before its annual Industry Issues Summit conference — one of the most highly-anticipated, must-attend events on the drug store industry calendar — Drug Store News has announced another top-tier roster of some of the most talented and creative retail executives in the business for the annual thought-leadership/networking event.
The New York Post late Tuesday reported Kroger may be close to passing on acquiring some 650 stores that Walgreens and Rite Aid would have to sell to gain regulatory approval of their $17 billion merger, placing the deal in jeopardy. “The FTC is trying to preserve the stand-alone stores,” a source told The Post. “But Kroger might want to integrate. What happens to Rite Aids it buys that are near Krogers?” (The New York Post)
Walgreens' safe medication disposal program, first announced in February, is the first ongoing national effort of its kind by a retailer to combat drug abuse and will expand to two additional states, Nevada and Maryland, by early November.
The drug store industry said goodbye to two icons of the business in September. Charles R. “Cork” Walgreen III, 80, former president, CEO, chairman of the board and chairman emeritus of the company that bears his family’s name, and David Bloom, 76, the former, long-time CEO of Shoppers Drug Mart, passed away last month.