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Walgreens marks American Pharmacists Month

BY David Salazar

As part of American Pharmacists Month, Walgreens announced that it recently recognized its pharmacists for their role in patient care in the United States and Puerto Rico.

“As a pharmacist, I’ve seen first-hand how the role has evolved beyond filling prescriptions – and why it’s more worthy than ever of our gratitude and respect,” said Richard Ashworth, Walgreens president of operations. “Our pharmacists deliver a variety of healthcare services and are relied upon to provide trusted advice and support. For millions of Americans, their Walgreens pharmacist is an essential partner in ensuring their health and quality of life – and we thank them for rising to that everyday challenge.”

Walgreens said that it has introduced adherence tools for pharmacists to improve their personalized patient support, including the Patient Care Portal. The tool prioritizes patients who have fallen behind on their medication schedule, enabling a personalized approach to patient support that can help overcome barriers to adherence.

The company said it also would be recognizing its pharmacy technicians on Oct. 16, which is National Pharmacy Technician Day, as well as its Healthcare Clinic nurse practitioners and physician assistants during National Physician Assistant Week and National Nurse Practitioner Week, which take place Oct. 6 to 12 and Nov. 11 to 17, respectively.

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Publix donates more than $1M to Hurricane Florence relief efforts

BY DSN STAFF

After announcing an in-store campaign to help those affected by Hurricane Florence, Publix has donated more than $800,000 to the American Red Cross for disaster relief.

This amount comes after Publix Charities previously announced its $250,000 donation to the American Red Cross and United Way’s relief efforts for the affected areas.

“Thanks to the generosity of our customers and associate, we are able to help victims recover from the devastation left by Hurricane Florence,” Maria Brous, Publix director of media and community relations, said. “It is our privilege to do what we can to help those affected by the storm.”

The amount donated by Publix was raised through a program that allowed shoppers to donate any amount desired by adding it to their grocery totals when checking out at the retailer’s registers.

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Sears reportedly preparing to file for Chapter 11 bankruptcy protection

BY Marianne Wilson

Sears is inching closer to filing for Chapter 11 bankruptcy protection.

The embattled, 125-year-old department store has hired M-III Partners LLC, a boutique advisory firm, to prepare a bankruptcy filing, the Wall Street Journal reported. The filing could occur as early as this week. The report comes on the heels of Sears adding restructuring expert Alan J. Carr to its board of directors. It also comes as Sears approaches a $134 million debt payment, due on Oct. 15, which the cash-strapped retailer previously warned it may not meet.

In September, ESL Investments, the hedge fund run by Sears chairman and CEO Eddie Lampert, proposed a plan that would essentially translate into a wholesale financial restructuring of the company but without a Chapter 11 filing. It includes selling off many of Sears’ remaining stores and asking lenders to exchange their loans for equity stakes in the retailer. (Some of the stores would be leased back to Sears.) It also includes an offer to buy Sears’ signature Kenmore appliances brand for $400 million. A special committee of the board is currently evaluating the proposal.

“There is a slim chance that Sears may avoid the latest bankruptcy threat, especially if lenders and stakeholders quickly agree to the restructuring program put forward by Eddie Lampert,” commented Neil Saunders, managing director of GlobalData Retail. “However, in our view, this is not a long-term solution; it is simply a way to prolong the life of a company that has long since lost the will to live.

As of its latest quarter, Sears was operating some 900 stores (Sears and Kmart) down from 4,000 plus in 2005.

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