Rite Aid has sent a letter to shareholders urging their support for the pending Albertsons merger at the company’s upcoming special meeting.
As it advances its merger with Rite Aid, Albertsons posted a first quarter net loss of $17.7 million versus a net loss of $204.9 million in the year-prior period.
Walgreens Boots Alliance has completed the previously announced agreement to acquire a 40% minority stake in Sinopharm Holding GuoDa Drugstores Co., Ltd. (GuoDa), a leading retail pharmacy chain in China.
As Rite Aid prepares for its pending merger with supermarket operator Albertsons, the drug store chain posted a net loss in the first quarter.
Walgreens beat Wall Street estimates in its third quarter, although retail comps slipped. The company released its third quarter results following the news that Amazon is acquiring an online pharmacy.
Amazon, in a move that could intensify its competition with drug store chains and other retailers, has entered into a definitive merger agreement to acquire PillPack, an online pharmacy.
Following the sale of its specialty pharmacy business, Fred’s saw its comps decline in the first quarter.
Walgreens is planning to open a new office in Chicago where it anticipates 1,800 people will be based.
The National Association of Chain Drug Stores (NACDS) has slated General Michael Hayden as the keynote speaker at the 2018 NACDS Total Store Expo.
Fred’s has completed the previously announced sale of certain assets of EntrustRx, its specialty pharmacy unit, to a subsidiary of CVS Health Corporation.
CVS Health has named the management team that will lead the company when it combines with insurance and health-related services provider Aetna.
With its drug store recovery efforts complete across its 108 locations in Puerto Rico, Walgreens is launching an additional investment campaign on the island to expand its offerings in all of its Puerto Rico locations.
Dain Rusk will be joining Publix as vp/pharmacy, effective June 1, 2018.
Fred’s said it has reached a definitive agreement to sell certain assets of EntrustRx, its specialty pharmacy unit, to a subsidiary of CVS Health Corporation.
Fiscal year fourth quarter net sales at Fred’s were up slightly as comparable store sales were down.
As CVS works to complete its health care related acquisition of Aetna, the drug store retailer posted a strong first quarter with both earnings and sales gaining.
Fred’s CEO, Michael Bloom, has resigned to pursue other opportunities.
As part of a pilot program at 17 Gainesville, Florida, area stores, Walgreens is bringing together new approaches to pricing and promotions, product selection, the shopping experience and strategic collaborations to bring new services to customers.
CVS Health has named Kevin Hourican president of CVS Pharmacy, the company’s retail business.
It was an active fourth quarter and fiscal year for Rite Aid, with the retailer selling some of its stores to Walgreens and forming a pending merger deal with Albertsons.