Things just got a whole lot more interesting in the mid-tier department store space now that JCPenney has hired former Apple executive Ron Johnson to be its CEO. Johnson is a former Target merchandising executive who for the past 11 years oversaw the growth of Apple’s wildly successful and widely heralded retail operation.
The private-label trend at retail continues to gain steam as Supervalu CEO Craig Herkert shared plans last month at the company's annual shareholders meeting to expand Supervalu's private-label program now through February 2012.
Drug Store News has learned that Tim Canning, president of McKesson’s Health Mart division, is leaving the company to take the position of SVP and chief marketing officer at Omnicare. The move is effective June 17.
There are better ways to reduce expenses for Tricare beneficiaries than to restrict access to community pharmacy. What's more, Congress should adopt alternative cost-saving strategies, including utilizing local pharmacists. That was a key message in an op-ed co-authored by the National Association of Chain Drug Stores and the National Community Pharmacists Association and published June 13 in The Hill's Congress Blog.
Retail spending for the month of May experienced a slight drop of 0.2% to $387.1 billion, though the advanced estimates noted that May sales were 7.7% higher than the year-ago period, the U.S. Census Bureau said Tuesday.
Cardinal Health on Friday announced a new pharmacy college scholarship program, making $1.1 million in scholarship funds available to 13 pharmacy schools. Recipient schools will be endowed with scholarship funding ranging from $50,000 to $125,000.
MinuteClinic has entered a clinical affiliation with OhioHealth, a not-for-profit, charitable healthcare organization based in Columbus, Ohio. MinuteClinic has seven walk-in medical clinics inside select CVS/pharmacy stores throughout the region.
Moody's Investors Service compared the three largest pharmacy benefit managers — CVS Caremark, Express Scripts and Medco Health Solutions — in a report issued Tuesday. While it maintained a positive view of all three, it gave CVS Caremark the highest credit rating.
Registered dietitians' role in retail was emphasized as health-and-wellness professionals from retailers, manufacturers and other organizations gathered for the third annual Dietitian Summit, which was held in Philadelphia last month.
Perception feeds reality. That is as true today as it was when the economy first started its rollercoaster plunge back in 2008. The perception is that the consumer is on her way back. And while that is fast becoming reality, today’s retailer will be looking to commit its capital expenditures to more than just the traditional new Main-and-Main locations.