Walmart Pharmacy & Business News

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J&J Medical Devices takes page out of retail playbook to better serve hospitals

Johnson & Johnson Medical Devices is consolidating its medical device divisions under one umbrella to better serve its hospital customers,  mirroring how  J&J builds upon its relationship with retail giant Walmart, Gary Pruden, J&J’s executive vice president and worldwide chairman for medical devices, told MedCity News Monday. “I have more than a dozen companies in the U.S. for example and in the past, they would all go to the hospital system provider separately. They all have separate P&Ls, they all operate independently, they all go separately,” he said. “We made a conscious decision and actually this year we integrated all the different business into one single P&L and I have one single strategic account management group in the U.S.” (MedCity News)

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Report: Who's in the hunt for divested Rite Aid stores? The answer may surprise you ...

ORLANDO, Fla. - Kroger may not be the only retail pharmacy in the hunt for divested Rite Aid stores following the proposed merger between Walgreens Boots Alliance and Rite aid, BNL Finance reported in a blog posted Thursday. In fact, they may not even be a good fit - Walmart in its move toward smaller retail footprints may be a better suitor. "However, I think the sleeping giants that no one is talking about ... are competing pharmacy benefit managers like Express Scripts Holding and Catamaran," wrote Brian Nichols, BNL Finance editor-in-chief. "All of Express Scripts and Catamaran’s competitors are getting stronger in the PBM space, with a combination of retail pharmacies, wholesale and PBM. [So] don’t be surprised if Express Scripts and Catamaran ... make a move to form a retail pharmacy business with 700 Rite Aid stores." (BNL Finance)

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DSN announces all-star retail lineup for annual Industry Issues Summit conference

With just weeks to go before its annual Industry Issues Summit conference — one of the most highly-anticipated, must-attend events on the drug store industry calendar — Drug Store News has announced another top-tier roster of some of the most talented and creative retail executives in the business for the annual thought-leadership/networking event.

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Trends in men’s facial hair impact sales

The shave category is trying to get its groove back, and where sales are up a healthy 10.6% for the 52-week period ended Sept. 4, 2016, as tracked by IRI across multi-outlets.