drug stores

Trade Shows
NACDS Names Ashworth Chairman

The National Association of Chain Drug Stores (NACDS) has elected new officers, four new executive committee members and three newly elected board of directors members for the coming year.

Financials
Rite Aid Sales Rise, Loss Widens In Q4

As Rite Aid provides communities with essential care, services and products during the COVID-19 pandemic, the company reported sales growth in the fourth quarter, although the drug store retailer also saw its net loss widen.

Retail
Rite Aid Plans To Hire 5K Associates

Rite Aid has expanded actions the company is taking in response to the COVID-19 pandemic. Beginning immediately, Rite Aid plans to hire 5,000 associates for full and part-time roles across the country to support store and distribution center teams. Positions will include cashiers, pharmacy technicians and distribution center associates.

Retail
CVS To Acquire Schnucks Pharmacies

CVS and Schnucks have entered into a definitive agreement for CVS Pharmacy and certain of its subsidiaries to acquire Schnuck Markets Inc.’s retail and specialty pharmacy businesses. 

Retail
CVS Making Changes To Board Of Directors

CVS Health is making changes to its board of directors. Richard Swift, Richard Bracken and Mark Bertolini will not stand for reelection at the company’s 2020 annual meeting. The board will then be reduced from 16 to 13 directors in order to further align with corporate governance best practices, the company said.

Retail
Walgreens Names Ashworth President

Walgreens Boots Alliance has appointed Richard Ashworth as president of Walgreens. Ashworth will be responsible for developing the strategies and plans for all Walgreens operations and will have full responsibility for the leadership, development and management of the business.

Retail
CVS Expanding HealthHub Store Format

CVS is debuting its HealthHub store format in 15 locations across the Houston community. The retailer’s new store format is said to feature a broader range of health care services to help patients better manage chronic conditions; more products and services focused on overall health and wellness; and trusted advice and personalized care.

Financials
Walgreens Makes Moves But Q1 Results Fall Short

Although it made moves to improve its performance, including the establishment of a group purchasing organization with Kroger and record online sales for Black Friday in the U.S. and United Kingdom, Walgreens Boots Alliance said sales for the first quarter were soft.

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