NABP passes resolutions, recognizes leaders for their contributions at association annual meeting
MOUNT PROSPECT, Ill. — Delegates from the member boards of pharmacy adopted eight resolutions during the National Association of Boards of Pharmacy 110th Annual Meeting held in Phoenix.
The resolutions addressed the following:
- Collaborating with federal and state agencies regarding policies surrounding the illegal importation of prescription drugs;
- Convening a task force to examine strategies for preventing and reacting to pharmacy robberies and thefts;
- Reaffirming NABP’s existing policy that encourages pharmacies to stop selling tobacco products and work toward a smoke-free society;
- Convening a task force to develop standards to ensure regular, consistent and appropriate use of prescription monitoring program (PMP) data, as well as facilitating cooperation between state PMPs, NABP PMP InterConnect, other healthcare entities and state health data exchanges;
- Encouraging the development and availability of veterinary pharmacology education to ensure the competence of pharmacists dispensing medication for veterinary patients; and
- Supporting Food and Drug Administration and appropriate state agencies regarding the regulation of electronic cigarettes and liquid nicotine products.
Additionally, recognition resolutions honoring members of the Association who have passed away or are seriously ill were approved, and NABP honored leaders who have worked with dedication to ensure NABP’s continued service to the regulation of pharmacy practice and its efforts to assist the state boards of pharmacy in protecting the public health.
Those honored leaders included Gay Dodson, who was named NABP honorary president. The NABP President’s Award was given to Karen Ryle. The association recognized the New Jersey State Board of Pharmacy with the Fred T. Mahaffey Award. David Dryden was recognized with the John F. Atkinson Service Award. The Henry Cade Memorial Award was given to Kate Douglass. And the Lester E. Hosto Distinguished Service Award was awarded to Howard Anderson, Jr.
Sears Holdings posts Q1 results, sees drop in Kmart same-store sales
HOFFMAN ESTATES, Ill. — Sears Holdings widened its loss during first quarter 2014 as it continues to move toward a member-centric, integrated model and invest in its Shop Your Way awards program. While progress continues, poor performance in its consumer electronic business and grocery and household items hampered sales at Kmart stores.
“Our performance in the first quarter highlights the challenges we are facing, as well as the progress we are making in this transformation. We are moving away from a company that was heavily based on selling products solely through a store-based network to a member-centric business model focused on providing benefits to our members anytime and anyplace,” said Edward Lampert, Sears Holdings’ chairman and CEO. “We are seeing progress in our transformation to a member-centric, integrated retailer as we continue to invest heavily in driving our Shop Your Way program. Member sales for the first quarter represented their highest level ever, representing 74% of eligible sales.”
The company posted a net loss of $402 million compared with a loss of $279 million in the year-ago period.
Revenues decreased $573 million to $7.9 billion for the quarter ended May. 3. The revenue decrease included the effect of having fewer Kmart and Sears full-line stores in operation, which accounted for about $185 million of the decline.
At Kmart, same-store sales decreased 2.2% compared with a 4.6% last year. The decline at Kmart was largely driven by declines in the consumer electronics and grocery and household categories. Excluding the impact of both, same-store sales would have declined 0.4%.
Mizkan to acquire pasta sauce brand from Unilever
AICHI PREFECTURE, Japan and TOKYO — Mizkan Group, a condiment manufacturer, on Thursday announced that it has entered into an agreement with Conopco, a Unilever subsidiary, to acquire the Ragu and Bertolli pasta sauce brand. Mizkan will pay $2.15 billion. The North American pasta sauce market is a robust and attractive category valued at over $2 billion, the company noted.
"We are very pleased to welcome Ragu and Bertolli, two of America’s most well-known brands, to the Mizkan family," said Kazuhide Nakano, chairman and CEO Mizkan Holdings Co. "This transaction represents an important milestone in our global expansion strategy. We are confident that this transaction allows us to further achieve our objectives of diversification and expansion of our international footprint. Mizkan is strongly committed to the long-term growth of Ragu and Bertolli, and we will work to help ensure that both brands continue to grow and prosper. We believe this acquisition will create more opportunities for our company and our workforce, including Ragu and Bertolli’s talented employees, and create significant value for our global stakeholders."
The transaction will include two production facilities — a sauce processing and packaging facility located in Owensboro, Ky., and a tomato processing facility located in Stockton, Calif.
Mizkan said it expects to finance the deal with proceeds of a new financing facility.