South Korea is much more than Psy’s pop single “Gangnam Style” or the TV series “M*A*S*H,” which lasted three times longer than the actual Korean conflict. It’s one of the most remarkable modern economic success stories. The Eighth United States Army, about 29,000 strong, has long had a front row seat, but most Americans have not. Starting with the ’88 Olympics coming out party, South Korea has arrived. For U.S. OTC brand owners, it’s inevitably an A-list market.
McKesson is updating its outlook from the previous range of $13.43 to $13.93 per diluted share to a new range of $12.35 to $12.85 per diluted share for the fiscal year ending March 31, 2017.
The primary challenges for the CPG industry operating in the natural and specialty space have been a lack of store-level visibility and the significant expense of supplying brand representatives in stores.
Oakland Coffee Works, owned by Green Day’s Mike Dirnt and Billie Joe Armstrong, has introduced the first coffee packaging made of certified compostable materials to four Bay Area Costco stores, on Costco.com and on Amazon.com.
ORLANDO, Fla. - Kroger may not be the only retail pharmacy in the hunt for divested Rite Aid stores following the proposed merger between Walgreens Boots Alliance and Rite aid, BNL Finance reported in a blog posted Thursday. In fact, they may not even be a good fit - Walmart in its move toward smaller retail footprints may be a better suitor. "However, I think the sleeping giants that no one is talking about ... are competing pharmacy benefit managers like Express Scripts Holding and Catamaran," wrote Brian Nichols, BNL Finance editor-in-chief. "All of Express Scripts and Catamaran’s competitors are getting stronger in the PBM space, with a combination of retail pharmacies, wholesale and PBM. [So] don’t be surprised if Express Scripts and Catamaran ... make a move to form a retail pharmacy business with 700 Rite Aid stores." (BNL Finance)
Each of the more than 360 KidCents charities, located in communities served by Rite Aid, will receive a $5,000 grant to support programs that improve the health and well-being of children in their communities.
By the end of the year, GNC plans to deconstruct its pricing strategy, streamline its supply chain and digitize its marketing outreach, all in hopes of recapturing a supplement consumer who's migrated to other channels.
Mom-run brand Bitsy's Brainfood is urging awareness of food allergies to make Halloween safer for trick-or-treaters by offering a limited-edition box of allergy-friendly treats available at Target and other retailers.
Mars Chocolate North America is getting emotional with its 3 Musketeers brand by introducing a new digital campaign designed to inspire and uplift by spreading moments of joy called #ThrowShine.
Coty launched Sally Hansen Color Therapy with an event at Manhattan’s Kimpton Eventi Hotel, where Drug Store News spoke to Coty executives, including SVP North America Shannon Curtin, about the launch of a product combining nail care and color.