Kmart parent company Sears Holdings on Thursday announced its first quarter sales figures, as well as the departure of its CFO and plans to explore ways to expand distribution of its key brands outside its own stores.
CVS Health’s efforts to dispense opioid overdose reversal drug naloxone without a prescription has already come to 23 states and the company has announced plans to expand to seven more over the course of the summer.
Excluding the negative impacts from gasoline prices deflation and foreign exchange, Costco's U.S. store base realized a 2% gain in same-stores sales in that four-week period and Costco's Canadian operation realized a 7% gain.
The deal will see the nation’s largest independent specialty pharmacy acquiring the seven-year-old oncology-focused company for $75 million, a mixture of cash and about 328,000 shares of Diplomat stock.
Prescriptions filled in comparable stores increased 2.8% over the same quarter last year, driven by growth in Medicare Part D prescriptions, while a weak cough, cold and flu season had a negative impact of approximately 30 basis points.