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Walgreens sues DEA over Florida DC controlled substance ban

BY Michael Johnsen

 WASHINGTON — Walgreens on Thursday filed a suit against the U.S. Drug Enforcement Administration over the agency’s ban on Walgreens’ distribution of controlled substances from a Florida facility, according to a report published by Bloomberg late Thursday evening. 

Walgreens charged that the DEA relied "on ‘outdated data’ involving oxycodone to justify suspending distribution of the drugs from its Jupiter, Florida, facility. [Walgreens] asked the court to lift the suspension order," the report read. 

Walgreens maintained there was no one allegation made by the DEA that any improper shipment originated from the company’s Jupiter distribution center, or that Walgreens improperly dispensed a controlled substance from one of its pharmacies. 

The case is Walgreen Co. v. Holder, 12-1397, U.S. Court of Appeals for the District of Columbia (Washington), according to the report. 

For the Bloomberg story, click here

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Jun-25-2013 04:52 am

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Nov-08-2012 05:08 am

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Walgreens to pay out quarterly dividend of 27.5 cents per share

BY Michael Johnsen

DEERFIELD, Ill. — The board of directors of Walgreens on Wednesday declared a regular quarterly dividend of 27.5 cents per share, a 22.2% increase over the year-ago dividend. The dividend is payable Dec. 12 to shareholders of record Nov. 12.

Walgreens has paid a dividend in 320 straight quarters (80 years) and has raised its dividend for 37 consecutive years. Over the last five years, Walgreens annual dividend rate has increased from 38 cents per share to $1.10 per share, resulting in a compound annual growth rate of nearly 24%.

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Survey: Ascertaining customer preference, and delivering on that preference, top concerns for retailers

BY Michael Johnsen

MIAMI — While out-of-stock items and inventory performance remain top of mind, retailers’ concerns about understanding customer preferences — along with their own ability to respond to those preferences with new ideas about pricing and promotions — have become top business challenges, according to a survey of 96 retailers published Wednesday by Retail Systems Research.

According to the survey, 34% of all respondents plan to optimize their assortments against new key customer segments in the coming year. Another 24% plan to include initial price optimization in their processes in 2013, and 22% will incorporate promotion optimization.

The report is part of RSR Research’s ongoing efforts to provide market intelligence on retail technology trends and can be downloaded here

 

 

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