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Walgreens July sales climb 6.1% to $6.4 billion

BY DSN STAFF

DEERFIELD, Ill. — Walgreens on Tuesday reported July sales of $6.4 billion, an increase of 6.1% compared to the same month in fiscal 2013.
 
Total front-end sales increased 1.4% in July compared with the same month in fiscal 2013, while comparable store front-end sales increased 1.1%. Customer traffic in comparable stores decreased 2.6% while basket size increased 3.7%.
 
Prescriptions filled at comparable stores increased by 3.7% in July and increased 4.3% on a calendar day-shift adjusted basis. July 2014 had one additional Thursday and one fewer Monday compared with July 2013. These calendar shifts negatively impacted prescriptions filled at comparable stores by 60 basis points.
 
July pharmacy sales increased by 9.5%. Comparable store pharmacy sales increased 7.6% and increased by a calendar day-shift adjusted 8.2%. Calendar day-shift adjusted comparable store pharmacy sales were negatively impacted by 170 basis points due to generic drug introductions in the last 12 months. Pharmacy sales accounted for 66.5% of total sales for the month.
 
Sales in comparable stores increased by 5.2% in July. Calendar day shifts negatively impacted total comparable sales by 40 basis points. Generic drug introductions in the last 12 months negatively impacted total comparable sales by 110 basis points.
 
Calendar 2014 year-to-date sales for the first seven months were $44.5 billion, an increase of 5.9%.
 
Fiscal 2014 year-to-date sales for the first 11 months were $70 billion, an increase of 6%.
 
Walgreens opened eight stores during July, including one relocation, and closed 30. Nearly all of the July store closings were part of the company’s previously announced efforts to optimize its asset base by closing a total of 76 drug stores.

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Barbara Walters to headline 2014 NACDS Foundation Dinner

BY Antoinette Alexander

ARLINGTON, Va. — Renowned news correspondent, host and producer Barbara Walters will serve as the keynote speaker for the National Association of Chain Drug Stores Foundation Dinner, which will be held on Dec. 3 in New York City.

In its 16th year, the NACDS Foundation Dinner and contributions from the Foundation’s benefactors help support evidence-based research that advances patient care, pharmacy education, student scholarships, and charitable organizations that improve patient outcomes.

“Throughout her career, Barbara Walters has given viewers new perspectives on the fascinating leaders and luminaries she has interviewed,” stated NACDS Foundation president Kathleen Jaeger. “Her ability to bring a truly personal approach to the news helped her to emerge as one of the most highly-respected journalists in television history.  We are deeply honored that Ms. Walters will serve as the keynote speaker for the NACDS Foundation Dinner this year.”

A native of Boston, Mass., Walters’ television career spans more than five decades. Known for her exclusive interviews with world leaders, primetime specials and daytime television, Walters has interviewed every American President and First Lady since Richard Nixon. Walters made news history by arranging the first joint interview with Egypt’s President Anwar Sadat and Israel’s Prime Minister Menachem Begin in November 1977. Another of her “firsts” was an hour-long primetime conversation with Cuban President Fidel Castro — an interview which has been printed in half a dozen languages and broadcast all over the world.

Walters appeared on NBC’s “Today Show” for 15 years. She began as a writer on the “Today Show,” and within a year became a reporter-at-large, developing, writing and editing her own reports and interviews. In 1963 she became a co-host of the program without the official title, but in 1974 NBC officially designated her as the program’s first female co-host. During this time, Walters was a member of the NBC News team that went to the People’s Republic of China to cover the visits of President Richard Nixon in 1972 and President Gerald Ford in 1975.

In 1976, Walters joined ABC News as the first woman to co-host the network news.  Likely most well-known for her career with the ABC network, Walters served as co-host and chief correspondent of ABC News’  “20/20” for 25 years, and today is creator, co-owner, executive producer and co-host of the network’s “The View.”

Walters is also known for her primetime specials, including “The Barbara Walters Specials,” which are still top-rated specials and have included such legends as Sir Laurence Olivier, Bing Crosby, John Wayne, Bette Davis, Audrey Hepburn, as well as celebrities such as Betty White, David and Victoria Beckham, and George Clooney.

Through the years she has interviewed such world figures as Russia’s Boris Yeltsin, Chinese Premier Jiang Zemin, Great Britain’s former Prime Minister Margaret Thatcher, Libya’s Moammar Qadaffi and Iraq’s President Sadaam Hussein. She was also the first American journalist to interview Russia’s President Vladimir Putin, and she conducted the first interview with President George W. Bush and the First Lady following the attacks of Sept. 11, 2001.

Walters has received countless awards, distinctions and accolades, including Induction into the Academy of Television Arts and Sciences’ Hall of Fame in 1990 “for being acknowledged worldwide as one of television’s most respected interviewers and journalists;” the 2009 Daytime Emmy Award for “Outstanding Talk Show Host” for the View; and receiving a star on the Hollywood Walk of Fame. Walters is also a New York Times best-selling author for her very personal and revealing memoir “Audition,” released in 2008.
 

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Apothecary names industry vets to three key roles

BY Ryan Chavis

BURNSVILLE, Minn. — Apothecary Products, a manufacturer and distributor of consumer healthcare products and pharmacy supplies, announced three new hires for its leadership team: Nathan Hanson, president and CEO; Darran Spence, CFO; and Jim O’Sullivan, SVP of sales. All three individuals bring extensive, results-driven experience to their new roles, the company said.

Hanson joins Apothecary from Oasis Brands, where he served as CEO and as a board member. During his tenure, Oasis experienced significant business growth and profitability improvements. Hanson's experience prior to Oasis includes leadership positions with Pure Fishing and Kimberly-Clark.

“I’m honored to join the Apothecary team, and I look forward to working with Jim, Darran, our management team, and our talented employees to continue building upon its success. Apothecary has built a solid reputation, long-term customer relationships, category leadership, and solid financial performance over the years," Hanson said. "I am confident that with the talent we are bringing in coupled with the already strong team that we will be able to create value added innovation that drives growth for our customers and helps consumers live life a little easier and better.”

Before joining Apothecary, Darran Spence was a consultant with River Rock Partners in various capacities: she helped lead acquisition integrations, strategic planning initiatives, and growth strategies for improving overall profitability at businesses. Additionally, Spence provided interim CFO support.

Jim O’Sullivan joins the company from Designer Protein, where he was SVP of sales. During his time at Designer Protein, he led the sales team and also established the organization, systems and processes need to bolster growth.

“Both Darran and Jim bring significant consumer product industry experience and have demonstrated over the course of their respective careers their individual ability to lead growth and profitability improvement, provide leadership, and develop people. On behalf of the entire Apothecary team, we are all excited to have them on board. I am confident that the addition of these two individuals to a strong leadership team and our committed, passionate employees position us for future success and growth,” Hanson added.

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