Content about president and CEO

February 18, 2011
NACDS, NCPA call pharmacy 'backbone of Medicaid's drug benefit'

The National Association of Chain Drug Stores and the National Community Pharmacists Association on Friday sent a joint letter to every governor and state Medicaid director on the importance of pharmacies in Medicaid and the industry’s interest in working with state governments to cut costs.

February 18, 2011
Second half of cold-flu season may cough up sales

NEW YORK — The second half of the 2010-2011 cough-cold-flu season actually may realize greater sales of symptom relievers than last year, judging from the four weeks ended Dec. 26. According to Matrixx president and CEO Bill Hemelt, sales of remedies were on the rise in those four weeks. Hemelt noted that the total cough-cold category was 5% higher than the same period last year and growing. 


February 18, 2011
THE MESSAGE: A ‘laser-like focus’ on consumers

Walgreens is ready for its closeup.


After a two-year, top-to-bottom makeover — and a relentless focus on its core customers and its broad mission as a health, wellness and convenient shopping destination — the company that wants to “own well” has honed its message to consumers: Walgreens is ready to be the nation’s top wellness destination.

February 18, 2011
THE PHARMACY: Enter the ‘community health provider’



As the costs of primary care march steadily higher and patients endure ever-longer wait times to see a family physician, the need for accessible, cost-effective patient care alternatives has become both obvious and urgent. 


Enter Walgreens. Armed with new, time-saving 
pharmacy automation tools, a growing offsite-dispensing capability and an array of new adherence and disease-management services, the company heavily is promoting its pharmacists and in-store clinicians as the most cost-effective front-line resource for community-based patient care.


February 18, 2011
THE STORES: CCR and the best of Duane Reade

The CCR foundation has been laid. Now comes the next phase in Walgreens’ campaign to “enhance the customer experience.”


Customer Centric Retailing is rolling across the chain’s coast-to-coast store network like a tide. The effort — aimed at aligning Walgreens’ mix with what its customers really want from the stores; eliminating hundreds of redundant, slow-turning SKUs; and boosting front-end productivity — already has transformed more than 2,100 Walgreens stores. Another 3,400 are up for renovation by the end of this year.

February 18, 2011
The vision:
 Walgreens wants to ‘own well’



Talk about a bold retail vision. Walgreens president and CEO Greg Wasson said the nation’s top pharmacy retailer wants nothing less than to “own well.”

February 18, 2011
THE WEB: Multichannel shoppers

There’s a reason Walgreens’ leaders are pushing so hard to upgrade communications capabilities and reach consumers through every channel, from stores and drive-through pharmacies to social media and smart phones. “Multichannel shoppers are three times more valuable to a retailer than a single-channel shopper,” president and CEO Greg Wasson said in January.


February 15, 2011
A&P continues turnaround strategy, looking to close 32 stores

Bankrupt grocer A&P has filed a motion seeking court approval to close 32 stores in six states as the company continues to implement its financial and operational restructuring. The store closures are expected to be completed in the company's fiscal first quarter, subject to court approval.

February 15, 2011
NACDS: Pharmacy services provide effective, bipartisan solutions

Upon the unveiling of President Obama's budget proposal, National Association of Chain Drug Stores president and CEO Steve Anderson said the budget proposal serves as yet another opportunity to highlight the "important role of pharmacy services as a bipartisan solution to an ongoing challenge: reducing healthcare costs while improving people's lives, particularly in the treatment of chronic conditions."

February 15, 2011
Orabrush completes investment round

Tongue cleaner Orabrush has closed a $2.5 million investment round with True Ventures of Palo Alto, Calif., and returning investor 2x Consumer Products Growth Partners of Chicago. The funds will be used to help accelerate the company's retail growth strategy, according to the manufacturer.

February 15, 2011
PCMA leader: Generics, mail-order pharmacy help save money

Mark Merritt, the president and CEO of the Pharmaceutical Care Management Association, responded to a provision on the Pentagon's new budget proposal, which encourages Tricare members to use generic medications and mail-service pharmacies to save money.

February 14, 2011
Davis named Walmart's global consumer insights chief

Walmart has named Cindy Davis EVP of its global consumer insights business unit created two weeks ago as part of a larger corporate restructuring.

February 14, 2011
Meg Whitman rejoins P&G's board

The former president and CEO of eBay has returned to Procter & Gamble's board of directors, effective immediately.

February 9, 2011
Prestige rides OTC crest in Q3 gains

Prestige Brands posted gains of 22.7% in revenue, reaching $90.6 million for its third quarter ended Dec. 31.

February 3, 2011
Former NCPA executive joins GPhA

The former top executive of the Generic Pharmaceutical Association may have gone to work for the National Community Pharmacists Association, but the generic drug industry trade group got one of the independent pharmacy group’s executives as well.

February 3, 2011
HHS to state Medicaid programs: Offer more generic drugs

The Department of Health and Human Services is encouraging state governments to save money with generic drugs.

February 2, 2011
ConAgra CEO named GMA chairman

The Grocery Manufacturers Association elected a new chairman for its board of directors.

February 1, 2011
BioScrip trims costs with two-part initiative

Specialty pharmacy provider BioScrip hopes to save $15 million through a cost-reduction and streamlining plan, the company said Monday.

February 1, 2011
P&G's Steele to retire, business units to be consolidated

Procter & Gamble on Tuesday announced that Robert Steele, vice chairman of global health and well-being, will retire effective Sept. 1.

February 1, 2011
Three issues that will define 2011

Years 2009 and 2010 were up and down for the generic drug industry and its main trade group, the Generic Pharmaceutical Association. On one hand, there were the departures of president and CEO Kathleen Jaeger and member company Teva Pharmaceutical Industries.

February 1, 2011
Walgreens introduces Way to Well Commitment program

Walgreens on Tuesday announced the implementation of its Walgreens Way to Well Commitment program, a new Walgreens initiative geared toward improving the everyday health of Americans nationwide.

January 28, 2011
Mac Naughton rises to top as Walmart's chief merchant

In a swift move by Walmart, Duncan Mac Naughton has been appointed the retailer's chief merchandising officer for its U.S. division, less than three months after being named the company's merchandising EVP.

January 28, 2011
While Shoppers CEO exits, Canada retailers feel the heat of U.S. competition

The news that Shoppers Drug Mart president and CEO Jürgen Schreiber is stepping down has taken investors and many industry observers by surprise; the reality is that the company has been wading through some corporate-level changes in recent years, and the Canadian retail market is facing its fair share of competitive challenges.

January 27, 2011
Shoppers CEO steps down

The abrupt departure of Shoppers Drug Mart president and CEO Jürgen Schreiber announced Wednesday is expected to negatively impact the company’s stock — many investors bought into Shoppers on the faith that retail maven Schreiber would return Canada’s largest drug retailer to consistent quarter-over-quarter growth.

January 25, 2011
Arctic Ease sponsors National Fallen Firefighters Foundation event

Arctic Ease on Tuesday announced its sponsorship of a fundraising event that will benefit the National Fallen Firefighters Foundation at the Daytona 500 in Daytona Beach, Fla., on Feb. 20.

© 2013 Drug Store News. All Rights Reserved.