January 29, 2014

Ken Martindale, president and COO of Rite Aid, discussed the challenges involved and the careful process behind the reinvention of a brand, and shared the story of Rite Aid’s own reinvention as a company — and the decisions and strategies its leaders put in place to drive that transformation — at a special one-day summit co-hosted by The Drug Store News Group and the Mack Elevation Forum in August.

August 5, 2013

As drug store chains like Walgreens, Duane Reade, Rite Aid and Bartell Drugs — not to mention a few independents as well — go upscale, one of the noticeable changes they make is to the beauty department. But a key element, beauty futurist Jeanine Recckio told DSN, is "retailtainment." In other words, beauty should be fun, and as more pharmacy retailers understand that, the line that divides their beauty departments from those of specialty and department stores will become increasingly thin.

June 27, 2013

Desloge, Mo.-based Parkland Health Mart Pharmacy was honored with the 2013 Pharmacy of the Year Award by McKesson Corporation in Las Vegas, Thursday, at the Venetian Casino and Resort, as part of the wholesaler’s annual McKesson ideaShare conference.

December 15, 2012

In an exclusive video store tour, Rite Aid COO Ken Martindale walks Drug Store News editor Rob Eder and the DSN.TV cameras through its newest Wellness store, which features several important new elements and a vastly updated look throughout the store.

October 22, 2014

Sam's Club on Wednesday announced a number of first-of-its-kind services.

October 22, 2014

Target is gearing up for the holiday season with a string of new initiatives, including new and enhanced digital tools and free shipping on all Target.com orders now through Dec. 20.

October 21, 2014

McKesson and Health Mart on Monday featured solutions designed to help community pharmacies deliver better patient care and sustain growth.

 

October 17, 2014

Target Canada announced on Friday the official opening of three new stores in Canada, marking the final stores scheduled to open in 2014 and bringing to 133 the total number of Target Canada stores open across the country.

October 16, 2014

Specialty pharmacy Burmans last week received the new “Shaping Healthcare Delivery” award at this year’s AmerisourceBergen’s ThinkLive Conference. 

October 15, 2014

Drug Store News has announced a top-notch lineup of retail executives slated to participate in the 16th annual DSN Industry Issues Summit conference, Dec. 2 at Manhattan’s historic New York Athletic Club.

October 14, 2014

Impax Labs last week announced the execution of a definitive agreement under which Impax will acquire Tower Holdings. 

October 14, 2014

Kroger on Tuesday named Alex Tosolini to serve in the newly created role of SVP new business development, effective Nov. 3.

October 14, 2014

Mirixa Corporation, founded by the National Community Pharmacists Association, on Tuesday announced that its board of directors has appointed Marvin Richardson as CEO effective Nov. 4.

October 7, 2014

Target has announced that it is completely revamping its app, while also working on a new app for pharmacy.

October 2, 2014

Rite Aid on Thursday reported $2 billion in sales for the four weeks ended Sept. 27, representing a 4.5% increase over the comparable year-ago period. 

October 1, 2014

Diplomat on Tuesday announced that Stephen Brown has been named chief information officer.

October 1, 2014

Rite Aid is bringing back its nationwide Vote for Your Favorite Pharmacy Team Member Contest with a new video voting feature.

September 24, 2014

Kroger on Wednesday announced its membership in the United States Hispanic Chamber of Commerce Million Dollar Club, marking the retailer’s fifth consecutive year of qualifying for membership.

September 23, 2014

McKesson has elected Donald R. Knauss and Susan Salka as new independent directors, effective Oct. 20, bringing to 11 the size of the board of directors.

September 19, 2014
Revising year-end guidance on account of reimbursement rate headwinds, Rite Aid's stock took a hit after reporting second-quarter earnings even though the company beat analysts' consensus estimates for the quarter. The retail pharmacy operation recorded second-quarter profit of $127.8 million, or 13 cents per share, more than doubling FactSet consensus analyst estimate of 6 cents a share, according to a MarketWatch report. And while revenue of $6.5 billion was in line with analyst expectations, Rite Aid topped expected same-store sales growth of 3.3% by recording 4.1% in same-store sales growth. 
 
Rite Aid is still on the right track. 
September 18, 2014

Kroger on Thursday raised the quarterly dividend by 12%, to 18.5 cents per share, to be paid on Dec. 1 to shareholders of record as of the close of business on Nov. 14.

September 18, 2014

John Standley, Rite Aid chairman and CEO, on Thursday morning announced a sixth Rite Aid Health Alliance partnership with Physician Direct ACO in Detroit. 

 

September 18, 2014

Rite Aid on Thursday reported revenues of $6.5 billion for its second quarter ended Aug. 30, representing a 3.9% lift credited to rising pharmacy same-store sales. 

September 17, 2014

McKesson on Wednesday announced a new care management workflow and documentation solution – McKesson Care Manager.