
Articles
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1 month ago |
chaindrugreview.com | Geoff Walden
PHILADELPHIA — Rite Aid Corp. will again file for Chapter 11 bankruptcy protection, an internal company memo cited by Bloomberg says. The filing is coming in response to the company's inability to borrow more capital to keep operating the business, CEO Matthew Schroeder said in the memo. The retailer will also cut jobs at its corporate offices, the memo says.
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2 months ago |
chaindrugreview.com | Geoff Walden
PALM BEACH, Fla. — The retail pharmacy industry is gathered here for the National Association of Chain Drug Stores Annual Meeting at a critical juncture. With the federal government still yet to act on PBM reform, and retailers facing mounting competition from online companies and other trade classes, meeting attendees will have much to contemplate. At the same time, the gathering will provide the reassurance of a traditional annual industry highlight, including the NACDS chairmanship succession.
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2 months ago |
chaindrugreview.com | Geoff Walden
TORONTO — President Jeff Leger is leaving Shoppers Drug Mart to head another company. Leger, who did not identify the company, wrote on LinkedIn that he would be joining it as CEO in early July. He called his nearly 17 years at Shoppers "a fantastic journey of constant learning and growth." He called Shoppers and parent Loblaw Cos.
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Feb 12, 2025 |
chaindrugreview.com | Thorvardur de Shong |Geoff Walden
WOONSOCKET, R.I. — Consumers should feel confident in those who care for them and help support their health, whether they’re seeing a provider, visiting their local pharmacy, or contacting a care manager. Trust and confidence build when people feel heard and receive care and support built on compassion, connection and dependability.
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Feb 12, 2025 |
chaindrugreview.com | Geoff Walden |Thorvardur de Shong
WOONSOCKET, R.I. — CVS Health topped Wall Street's projections for fourth quarter sales and profits. The company posted adjusted earnings per share of $1.19 per share, beating analysts' forecast of 93 cents. Revenue for the quarter rose 4.2% from a year earlier to $97.71 billion, exceeding the expected $97.19 billion.
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Christine Sismondo
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