DSN Newswire

June 16, 2017

Report: Kroger acquires 11 Marsh Supermarket locations

Kroger has acquired 11 Marsh Supermarket locations at a pricetag of $16 million, winning a bid to buy those stores in Indiana through federal bankruptcy court, Cincinnati Business Courier reported Wednesday. The deal is scheduled to close between July 11 and July 21, according to the sale agreement filed in bankruptcy court, the Courier reported. Fresh Encounter won a bid to buy the 15 other Marsh stores that were auctioned Tuesday at a total cost of $8 million. (Cincinnati Buisness Courier)

September 11, 2017

Report: Amazon expansion into Rx will drive incremental growth across OTC

Amazon’s potential entry into the pharmacy business could drive incremental growth of the overall market for OTC medications, Ron Winowiecki, acting CFO Perrigo, recently shared at a Wells Fargo healthcare investors conference covered by MiBiz. “From a share standpoint, this could be an exciting opportunity for store brands to really build out the pie bigger,” he said. “We’re excited about this not dividing up the pie. There’s going to be some division, it’s not a question, but this is a mechanism that the pie can get bigger.” Reports in May suggested Amazon is exploring how to break into the health care and pharmacy business, MiBiz reported. (MiBiz)

September 5, 2017

Report: Four top RB executives are departing the company

Reckitt Benckiser reported that four of its senior executives were leaving the firm, MarketWatch reported Monday. According to the report, Reckitt told employees last week that its chiefs for information technology, human resources, developing markets and category development were all leaving. The four are all members of its 10-strong senior executive committee. "RB has typically had low turnover among senior management, for 40% of the executive committee to leave simultaneously is, we believe, essentially unprecedented in recent years," Société Générale analyst Iain Simpson told MarketWatch. (MarketWatch)

 

August 31, 2017

Ad Age: Frito Lay makes push into Whole Foods through 'organic'

It's all about timing, and the timing may be perfect for Frito Lay as it roles out versions of 11 core chip brands without artificial ingredients, suggested a report published Wednesday in Advertising Age, especially with the recent acquisiton of Whole Foods by Amazon. "Cleaner" snacking opportunities coming out of the snacking division of PepsiCo may appeal to Whole Foods shoppers. "The notion of clean and simple is very important to a segment of consumers," Frito-Lay chief marketing officer Jennifer Saenz told Ad Age. "They're searching for that." (Advertising Age)

 

August 11, 2017

TABS Analytics: Brick-and-mortar driving ecommerce growth, especially in VMS

While everyone is focusing on pure play online giant Amazon, what they are likely missing is how brick and mortar retailers are driving ecommerce sales growth, noted TABS Analytics last week in a blog. "The TABS Analytics 10th Vitamin and Minerals Study revealed that online sales by traditional brick and mortar retailers propelled the market to an all-time high, growing an estimated 6% in the last year to reach $13.5 billion in annual sales," the company reported. "Walmart.com, specifically, had a breakout year for VMS sales. ... Though second in eCommerce, Walmart.com doubled its online share of mentions, growing to 9.1% in 2017. (TABS Analytics)

July 26, 2017

Report: Hy-Vee's new super-sized c-store format greenlit

LAKEVILLE, Minn. — Hy-Vee is planning a super-sized convenience store and gas station here, West Central Tribune reported last week. "What we're trying to do with this concept is meet the needs of those folks who live busy lives," Phil Hoey, the company's real-estate director, told the Lakeville City Council, according to the report. The council gave Hy-Vee the green light to build the store, which at 8,880 square feet will be the first of its kind for the big-box retailer. By comparison, the size of a typical convenience store is 1,500 to 5,000 square feet, Hoey said. (West Central Tribune)

July 20, 2017

NYT profiles two eczema-friendly clothing cos.

The New York Times on Wednesday profiled a pair of clothing companies, AD RescueWear and Smiling Panda, that have designed a line for children and adults, respectively,  who have been diagnosed with eczema. "The niche market for eczema sufferers has thrived because there is no widespread safe and effective treatment," The Times reported. Each of the entrepreneurial companies researched new eczema-friendly fabrics to help alleviate the constant itching, and are currently ramping online sales. (The New York Times)

July 19, 2017

Report: Economic firm finds nearby clinics reduce ER visits

Retail clinics have been successful in reducing emergency room visits for minor and preventable conditions, Becker's Hospital Review reported Monday, citing a new working paper published by the National Bureau of Economic Research. According to the report, patients in New Jesrsey were 4.1% less likely to visit an emergency room for diabetes complications and 12.3% less likely to visit the ER for severe flu symptoms if they lived within two miles of an urgent care clinic. "If people across New Jersey lived within two miles of a retail clinic, it could generate more than $70 million in ER savings," Becker's reported. (Becker's Hospital Review)

 

July 17, 2017

Report: Jean Coutu criticizes government negotiations regarding dispensing fees

Jean Coutu founder Jean Coutu spoke out regarding negotiations with Quebec around dispensing fees, according to a report published last week by Canada's Bell Media. Jean Coutu earlier this year agreed to surrender $300 million in collected dispensing fees in return for smaller manufacturer rebates that cut into pharmacy operating margins. "It is an average of $100,000 for each of our locations," Coutu told shareholders BellMedia reported. "It was extremely difficult to digest." (Bell Media)

July 7, 2017

Report: U of Maryland pharmacy school adds MMJ training

The University of Maryland School of Pharmacy is set to begin offering training for students looking to work in medical marijuana, the Baltimore Sun recently reported. The school is the latest among such schools as the University of Vermont College of Medicine’s department of pharmacology, which is trying to bring education to a growing sector in which pharmacists sometimes play a role. Magaly Rodriguez de Bittner, the school’s executive director of its Center for Innovative Pharmacy Solutions told the Sun, “If you're going to be dispensing, let's make sure your staff in trained in best practices to do it safely and effectively.” (Baltimore Sun)

 

June 22, 2017

WSJ: Theranos settles Walgreens lawsuit for $30 million

Walgreens Boots Alliance and Theranos have tentatively reached accord on a $30 million agreement, according to a story published Wednesday in The Wall Street Journal. Walgreens had been seeking $140 million as part of a breach of contract suit in an attempt to recover the cost of its investment. According to reports, Theranos recently told investors it had about $54 million in cash left to settle suits, down from $187 million in January. (The Wall Street Journal)

June 20, 2017

Report: P&G names new head of beauty business

Procter & Gamble has placed a 28-year company veteran at the head of its global beauty business, according to a report by USA Today. Alex Keith, who has led P&G’s skin and personal care since 2014, will succeed Patrice Louvet, who was recently named CEO of Ralph Lauren. Taking Keith’s place will be VP and SK-II brand franchise leader Markus Strobel, the report said. (USA Today)

 

June 13, 2017

Report: WBA names Albuquerque mayor 'Happy and Healthy Community Champion'

Albuquerque, N.M. Mayor Richard Berry was recognized earlier this month by Walgreens Boots Alliance for promoting wellness in Albuquerque, KRQE reported. This is the first year Walgreens is giving out the “Happy and Healthy Community Champion” award for civic leaders who promote healthy lifestyles. “Mayor Berry is truly changing the course of these residents’ lives, not only in Albuquerque, but across the country as other mayors and cities adopt the program that he started in Albuquerque,” Kimberly Waltz, Walgreens government affairs, told KRQE. (KRQE)

June 9, 2017

Report: FTC preparing to block WBA's acquisition of Rite Aid

The Federal Trade Commission is preparing "advice" to block the deal to merge Walgreens Boots Alliance and Rite Aid, according to a Investor's Business Daily report. The news was first reported by Bloomberg. "Shares of Rite Aid sank 14% to 3.03 in afternoon trading on the stock market [and] Walgreens dipped 0.3%. Rival CVS Health (CVS) edged up 0.5%," Investor's Business Daily reported. In addition, shares of Fred's Pharmacy, which has agreed to acquire as many as 1,200 divested Rite Aid locations as part of the deal, dropped 2.5% Friday. (Investor's Business Daily)

June 5, 2017

Report: P&G in active talks with big stakeholder

Procter & Gamble is holding talks with Trian Fund Management, which has a $3.5 billion stake in the company, about the future of its brands, the P&G CEO David Taylor confirmed to CNBC. Taylor called the talks “constructive” and noted, "We are willing to engage. We want to be better.” Trian has been increasing its stake in P&G and the company looks to cut costs by some $10 billion, the report said. (CNBC)
May 31, 2017

Mallinckrodt reportedly exploring sale of generics division

Mallinckrodt, in an effort to focus more on branded products, is looking for a buyer for its generics division who could pay as much as $2 billion for the business, according to a Reuters report. Reuters noted that the company’s generics sales have dropped roughly 18% between 2015 and 2016 — a period during which its branded specialty sales grew by some 40%, partially through acquisitions. (Reuters)