April 5, 2013

Starting this month, the more than 8.6 million readers of Costco Wholesale's member magazine will be able to use smartphones and tablets to scan more than 50 digital watermarks included in articles and ads.

March 19, 2013

Based on a study of 10,000 U.S. consumers, Sam's Club and Amazon earned the top spots in the retail sector of the "2013 Temkin Experience Ratings," the Temkin Group announced Tuesday.

March 15, 2013

Costco Wholesale will expand its Issaquah, Wash., headquarters, according to published reports.

March 12, 2013

Costco Wholesale increased sales by 8% to $24.34 billion in the second quarter of 2013, the club retailer said.

March 7, 2013

Costco's sales increased 8% to $7.58 billion in February, the club retailer said.

March 6, 2013

Costco Wholesale is throwing its support behind a bill introduced in Congress to raise the federal minimum wage.

February 26, 2013

Several pharmacy retailers got top place in a recent consumer satisfaction survey.

February 25, 2013

Health insurer Aetna is offering individual health insurance plans to Costco members in Florida, the insurer said.

February 15, 2013

Jewelry maker Tiffany & Co. is suing Costco Wholesale, alleging that the club retailer falsely marketed diamond engagement rings as coming from the New York-based jeweler, according to published reports.

February 14, 2013

The investment groups of billionaires Warren Buffett and Jorge Paulo Lemann will buy H.J. Heinz for about $23 billion, according to published reports.

February 7, 2013

Costco's sales increased 7% in January compared with January 2012, the club retailer said.

February 5, 2013

Costco will replace Coke with Pepsi at its in-store lunch counters, according to published reports.

January 30, 2013

Aetna is offering individual health insurance plans to Costco members in California, the health insurer said.

January 25, 2013

Walmart recently announced that it would source $50 billion of the products sold in its stores in the United States over the next 10 years, according to a report in USA Today.

"Be American; buy American" has long been a slogan that makes buying U.S.-made goods sound nothing less than patriotic because it helps create American jobs, much like CVS' initiatives to create jobs for veterans, and the recent Made-in-USA fervor around the country has more than demonstrated that. But there are practical reasons for sourcing domestically as well, making it high time for retailers to start looking into putting more products with the "Made in USA" label on their shelves.

January 18, 2013

Costco has entered the pharmacy benefit management business, according to published reports.

January 18, 2013

Costco announced in its January 2013 magazine that it would begin offering pharmacy benefit management services, targeting small businesses and highlighting a 200-employee company based in Washington state.

It remains to be seen whether the club retailer's efforts to compete with the existing PBM businesses of companies like CVS Caremark, Walgreens and Walmart will be successful, and analysts like Citi's Deborah Weinswig appear skeptical that they will. But whatever the outcome, it's clear that Costco is looking to compete in a bigger way.

January 11, 2013

Growth in the consumer products market is likely to slow down over the next five years, while pharmacy retailers will see a profit windfall due to the generic drug cycle, according to a new report.

January 4, 2013

Several retailers got top scores from a gay-rights organization for their efforts to prevent discrimination against and include lesbian, gay, bisexual and transgender employees.

December 19, 2012

Customer service is the key driver of brand advocacy in retail pharmacy, according to a new study.

December 17, 2012

Growth in sales and membership income at Costco helped the company produce earnings per share of 95 cents and beat analysts’ estimates by 2 cents.

November 16, 2012

Kroger announced Thursday it will acquire the outstanding shares of Axium Pharmacy Holdings, a leading specialty pharmacy, and merge the two companies. By now, it should be clear that specialty is becoming an increasingly important part of the retail pharmacy mix, having grown more than sixfold in revenues between 2000 and 2011, with everyone from Rite Aid to Costco to Hy-Vee biting off a piece for themselves.

As Specialty Pharmacy magazine reported in its fall 2012 issue, specialty drug development is starting to play a much bigger role in drug development overall than traditional pharmaceuticals. According to the IMS Institute for Healthcare Informatics, seven of the top 20 drug therapy classes will be in specialty by 2016, including cancer, autoimmune disorders and antivirals, and specialty and bioengineered drugs remain one of the few growth centers in the drug industry in 2012. And according to Express Scripts, the market for specialty and bioengineered drugs is expected to grow from 2011's 17.1% to 22% by 2014.

November 7, 2012

Liquor can cost $2 more at liquor stores in states where the government has a monopoly on sales than at privately owned stores, according to a new study.

October 12, 2012

One of the most common reasons that retailers give for pet-medication programs is that pets are part of the family.

October 10, 2012

Costco reported fourth-quarter sales of $31.5 billion, an increase of 14% from $27.6 billion for the same period last year.