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Solar energy systems make debut at Smith’s stores

BY Allison Cerra

ALBUQUERQUE, N.M. — Kroger announced that two of its Smith’s stores in Albuquerque, N.M., have installed photovoltaic energy panels.

The solar energy system on the roof of each Smith’s store consists of 442 panels, each containing cells that convert sunlight into direct current electricity, Kroger said. Smith’s was selected to be among the first Kroger division stores to install photovoltaic panels.

"We have done a lot of work over the last several years to integrate sustainable practices into our everyday business operations," Kroger president and COO Rodney McMullen. "Today, we are proud to unveil Kroger’s first operational solar energy project. Smith’s has done a tremendous job bringing this to realization. Kroger will continue reducing energy consumption and testing technologies that support future use of alternative energy sources."

Smith’s operates 133 stores throughout seven western states.

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Navarro Discount Pharmacy aims to help parents save money this back-to-school season

BY Antoinette Alexander

MIAMI — Navarro Discount Pharmacy, a 29-store Hispanic-owned pharmacy chain and an MBF Healthcare portfolio company, has announced that it is supporting back to school for parents with activities that include cash donations to Miami-Dade County Public Schools and free backpacks filled with school supplies. 

“The goals of this year’s back-to-school promotion are to save busy parents time and money, prepare them early for the start of the school year and help out their schools at the same time,” stated Cristy Leon-Rivero, VP marketing for Navarro Discount Pharmacy. "We are committed to supporting education and creating a convenient shopping experience for parents.”

Navarro’s back-to-school activities include:

  • Donating 5% of the sales it generates on all back-to-school purchases to Miami-Dade County Public Schools. When checking out at the register, parents tell the cashier the name of the Miami-Dade County Public School and the donation will be sent directly to the school;
  • Partnering with Coca-Cola, who also will donate 5% of its purchases back to the school of choice;
  • Offering in-store school physicals and vaccines in conjunction with Miami Children’s Hospital; and
  • Donating 1,000 backpacks filled with school supplies to nonprofit groups — Amigos for Kids, Kiwanis and the Centro Mater Foundation — and to the City of North Miami.

Other local partners involved include SpendforED, a local nonprofit dedicated to supporting public education that links schools with businesses and the local community, providing them with financial resources. SpendforED’s EDBUCK coupons can be redeemed at any Navarro store location. SpendforED is a supporter of Miami Dade County Public School’s Foundation for New Education Initiatives.

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Perrigo sales, profits increase in fiscal 2011

BY Alaric DeArment

ALLEGAN, Mich. — Generic drug maker Perrigo reported sales of $2.76 billion and profits of $341 million in fiscal year 2011, according to an earnings report released Tuesday.

The company’s sales represent a 21% increase over fiscal year 2010, while its profits represent a 52% increase. Much of the increase in sales came from the acquisition of PBM Holdings and Orion Labs, as well as $192 million in new product sales.

For fourth quarter 2011, which ended June 25, sales were $705 million, a 14% increase over fourth quarter 2010, while profits were $86 million, compared with $49 million a year ago.

Prescription drugs had sales of $92 million, a 12% increase over fourth quarter 2010’s $83 million. OTC drugs had sales of $434 million, compared with $399 million last year; nutritionals had sales of $123 million, compared with $84 million last year; and active pharmaceutical ingredient sales decreased from $39 million to $37 million during the same period.

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