Drug Store News articles from July 2002

Drug Store News archives from July 2002

AmerisourceBergen has named J.F. Quinn. (Newsbites).(Brief Article)
July 31, 2002... VALLEY FORGE, Pa.--AmerisourceBergen has named J.F. Quinn, former treasurer of Ikon Office Solutions, vice president and treasurer and Tim Guttman, formerly with Syncor, vice president and controller. Quinn replaces Michael Montevideo Guttman...

The American Pharmaceutical Association. (Newsbites).(name change to be voted on)(Brief Article)
July 31, 2002... WASHINGTON -- The American Pharmaceutical Association is looking to change its name in a bid to "end confusion over the purpose and membership of the organization." The proposed name is the American Pharmacists Association. Members will vote...

SureScript Systems. (Newsbites).(appointments)(Brief Article)
July 31, 2002... ALEXANDRIA Va. -- SureScript Systems, a provider of e-connectivity between physicians and pharmacists, has named Stephen Hall, formerly with PricewaterhouseCoopors, executive vice president of operations, and Rob Reiss, former chief technical...

Longs Drug Stores. (Newsbites).(director appointed)(Brief Article)
July 31, 2002... WALNUT CREEK, Calif. -- Longs Drug Stores has named Duane Knapp as its newest director. Knapp is president of BrandStrategy and a branding strategy advisor to such companies as GlaxoSmithKline.

The Together Rx program, a Medicare prescription savings card. (Newsbites).(Brief Article)
July 31, 2002... NEW YORK -- The Together Rx program, a Medicare prescription savings card, has attracted 118,000 members since its launch in June. Participating drug firms are: Abbott Laboratories, AstraZeneca, Aventis, BristolMyers Squibb Co.,...

Chains abandon Medicaid program after steep cuts.(Brief Article)
July 31, 2002... DEERFIELD, Ill. -- A steep cut in reimbursement rates by Massachusetts' Medicaid program has triggered a dramatic rebellion by the state's biggest pharmacy chains, with Walgreen Co., CVS and Brooks Pharmacy all reportedly vowing to pull out...

Decision on Medicare drug benefit eludes Senate.(Brief Article)
July 31, 2002... WASHINGTON -- The U.S. Senate is working this week to hammer out a compromise bill that would provide reduced prescription drug benefits to the lowest-income seniors on Medicare, after competing proposals fell short of the required 60-vote...

Duane Reade posts second qtr. results, shares tumble.(Brief Article)(Statistical Data Included)
July 31, 2002... NEW YORK -- Duane Reade's second quarter earnings matched analysts' expectations, but concern over the chain's long-term debt and increased shrink sent the company's shares tumbling. Citing the recent downturn on Wall Street and New York...

Snyder's may gain control of Phar-Mor warehouse.(Snyder's Drug Stores)(Brief Article)
July 31, 2002... MINNETONKA, Minn. -- Snyder's Drug Stores may yet gain control of Phar-Mor's 700,000-square-foot warehouse in Youngstown, Ohio. Both Gordon Barker, chief executive officer of Snyder's, and Danny Shapiro, an attorney for Giant Eagle,...

Drugstore.com narrows loss during second quarter.(Brief Article)(Statistical Data Included)
July 31, 2002... BELLEVUE, Wash. -- Online pharmacy retailer drugstore.com narrowed its loss during the second quarter as the company forges ahead with plans to become EBITDA positive during 2003. For the quarter, the company posted a net loss on a GAAP...

Kmart expected to make job cuts in next few months.(Brief Article)
July 31, 2002... TROY, Mich. -- Kmart, which widened its loss in June to $137 million, is reportedly preparing for a wave of job cuts. According to published reports, Kmarts chief restructuring officer Ron Hutchison stated last week that the company...

Wakefern completes purchase of 27 Big V Supermarkets.(Wakefern Food Corp.)(Brief Article)
July 31, 2002... ELIZABETH, N.J. -- Wakefern Food Corp. has closed on its $1 85 million acquisition of Big V Supermarkets. The purchase includes substantially all of Big Vs assets, including 27 stores in the Hudson Valley region of New York and central New...

H-E-B to expand in Mexico, opens another Houston store.(H.E. Butt)(Brief Article)
July 31, 2002... SAN ANTONIO -- Supermarket retailer, H.E. Butt, through its Mexican division, plans to open six more stores in Mexico this year, according to an Internet Securities report. H-E-B will reportedly invest $60 million in Mexico this year. Two...

AmerisourceBergen ahead of today's earnings report and expects the drug maker to exceed expectations. (Financials).(Brief Article)
July 31, 2002... VALLEY FORGE, Pa. -- First Albany yesterday reiterated its "Buy" rating of AmerisourceBergen ahead of today's earnings report and expects the drug maker to exceed expectations. Shares of AmerisourceBergen closed yesterday $69.55, up 57 cents.

A&P's sales for the first quarter ended June 15 were $3.3 billion versus $3.4 billion in 2001. (Financials).(Brief Article)(Statistical Data Included)
July 31, 2002... MONTVALE, N.J. -- A&P's sales for the first quarter ended June 15 were $3.3 billion versus $3.4 billion in 2001. Same store sales rose 0.2 percent Excluding charges, earnings per share were 14 cents versus a loss of 3 cents in the year-ago...

Shares of drug maker Andrx. (Financials).(Brief Article)(Statistical Data Included)
July 31, 2002... FORT LAUDERDALE, Fla. -- Shares of drug maker Andrx have bounced back since dropping $3 82 Friday to $17.90 following its announcement of a large loss due in part to unexpected regulatory delays in introducing new drugs. Shares closed...

Shares of Winn-Dixie Stores. (Financials).(Brief Article)(Statistical Data Included)
July 31, 2002... JACKSONVILLE, Fla. -- Shares of Winn-Dixie Stores climbed 5 percent to close at $16.22 Monday following its announcement that it has paid down $100 million of debt. This is in addition to the $150 million that was paid down early Jan. 29....

Energizer holdings reported that while its North American. (Financials).(Brief Article)(Statistical Data Included)
July 31, 2002... ST. LOUIS -- Energizer Holdings reported that while its North American sales rose 21 percent to $39.9 million in the third quarter, its product consumption at retail was essentially flat. Internationally, its Asian and Euro an units are...

Target. (News Bites).(refurbishes dietary supplement line)(Brief Article)
July 24, 2002... MINNEAPOLIS, Minn. -- Target has refurbished its 115-plus SKU line of dietary supplements and renamed the line Origin. Unlike the previous dietary supplement labeling, the Target bull's-eye logo has not been placed on the new packaging.

Revlon. (News Bites).(Elizabeth Kenny named senior VP portfolio brands)(Brief Article)
July 24, 2002... NEW YORK -- Revlon has named Elizabeth Kenny senior vice president of portfolio brands. Kenny will handle the general management of the Almay and portfolio brands, including Ultima and StreetWear. Previously, Kenny served as director for...

Safeway. (News Bites).(Karl Schroeder named president of 178-store eastern division)(Brief Article)
July 24, 2002... PLEASANTON, Calif. -- Safeway has named Karl Schroeder president of its 178-store eastern division, which includes 44 Genuardi's stores. He succeeds Michael Bessire, who has been eastern division president since 1996. Schroeder most recently...

AmerisourceBergen. (News Bites).(buys AutoMed Technologies)(Brief Article)
July 24, 2002... VALLEY FORGE, Pa. -- AmerisourceBergen has completed its purchase of AutoMed Technologies, a provider of automated prescription dispensing equipment. The deal, for about $120 million in cash, thrusts the drug distribution giant into the...

Thrifty Car Rental. (News Bites).(in Walmart.com deal)(Brief Article)
July 24, 2002... BENTONVILLE, Ark. -- Walmart.com and Thrifty Car Rental, a car rental franchise and subsidiary of Dollar Thrifty Automotive Group, have teamed up to offer Thrifty's compact and intermediate rental cars. Customers have the option of paying...

Phar-Mor liquidates, second auction is planned.(Brief Article)(Statistical Data Included)
July 24, 2002... YOUNGSTOWN, Ohio -- "Going out of business sales" for 54 Phar-Mor stores are under way, while a second auction to dispose of the pharmacy files and inventories at 19 additional stores is scheduled for tomorrow. The winning bid of $102...

Pharmacy groups oppose Hagel Medicare plan.(Brief Article)
July 24, 2002... ALEXANDRIA, Va. -- Alarmed over the potential impact of a federal drug discount card on gross margins, the organizations representing chain and independent pharmacy are voicing strong opposition to the recently proposed Medicare Prescription...

Kmart announces string of promotions; posts loss in June.(Brief Article)(Statistical Data Included)
July 24, 2002... TROY, Mich. -- Following a long string of hirings from outside the company, Kmart now has turned its attention inside and announced several executive promotions. Barbara Firment, former vice president of advertising and in-store event...

Albertson's to invest $100M in Austin over four years.(Brief Article)(Statistical Data Included)
July 24, 2002... AUSTIN, Texas -- Albertson's plans to invest more than $100 million for new store and fuel center construction, as well as existing store remodels here during the next four years. The retailer entered the Austin market in 1989 and...

D'Agostino Supermarkets to buy Kings for $160 million.(Kings Super Markets Inc.)(Brief Article)
July 24, 2002... NEW YORK - D'Agostino Supermarkets has agreed to buy the 29-store chain Kings Super Markets from London-based Marks & Spencer for $160 million in cash. The deal will take the chain, which now has 23 stores in New York City and...

Shoppers Drug sees increase in front-end in second quarter.(Brief Article)(Statistical Data Included)
July 24, 2002... TORONTO -- Shoppers Drug Mart saw a boost on the front end during the second quarter, led by double-digit gains in pharmacy. Sales were US $785.4 million for the second quarter ended June 15, a 9.3 percent increase over the year-ago...

Pathmark pharmacists reach agreement, avoid strike.(Brief Article)
July 24, 2002... CARTERET, N.J. -- Pathmark and officials of a union that represents about 400 Pathmark pharmacy workers in New York, reached an agreement early Saturday that averted a threatened strike. The pharmacists, technicians, pharmacy interns and...

Walgreens, Eli Lilly face privacy suit after Prozac mailing.(Brief Article)
July 24, 2002... NEW YORK -- Walgreen Co. and Prozac manufacturer Eli Lilly & Co. are facing a privacy lawsuit after several southern Florida residents received unsolicited samples of Prozac in the mail. The suit, filed this month by a Fort Lauderdale...

AmerisourceBergen plans for expansion of diabetic care.(Brief Article)
July 24, 2002... VALLEY FORGE, Pa--AmerisourceBergen Corp. plans to expand its drug store customers diabetic care business. That expansion will come through its current procurement efforts on behalf of its retail clients and through its in-store...

Colgate-Palmolive Co. (Financials).(toothpaste)(Brief Article)(Statistical Data Included)
July 24, 2002... NEW YORK -- Colgate-Palmolive Co. reported yesterday that its North American unit volume rose 2.5 percent in the second quarter. In the United States, its toothpaste leadership continues with an ACNielsen market share of 34.2 percent...

The Gillette Co. (Financials).(Brief Article)(Statistical Data Included)
July 24, 2002... BOSTON -- The Gillette Co. reported yesterday that during the second quarter blade and razor sales climbed 10 percent to $884 million; Oral Care sales rose 8 percent to $275 million; Braun sales increased 5 percent to $233 million; while...

Del Laboratories. (Financials).(added to Russell 2000)(Brief Article)(Statistical Data Included)
July 24, 2002... UNIONDALE, N.Y. - Del Laboratories has been added to the Russell 2000 Index. Del Labs' first quarter sales rose 20 percent to $79.9 million. Net earnings, excluding a one-time tax gain, rose 175 percent to $34 million.

Johnson & Johnson. (Financials).(securities prices)(Brief Article)
July 24, 2002... NEW BRUNSWICK, N.J. -- Shares of Johnson & Johnson rebounded yesterday to close at $44.08, up $1.55. Last week, J&Js shares fell 17.1 percent last week following news that the government was conducting a criminal investigation of its factory...

Coca-Cola. (Financials).(stock options reporting)(Brief Article)
July 24, 2002... NEW YORK -- Shares of Coca-Cola, which will start reporting the value of stock options as an expense, tell 11.7 percent last week. PepsiCo's shares fell 14 percent last week as it posted a second-quarter profit, but that revenue that was...

Albertson's yesterday named Eric Cremers senior vice president for corporate strategy and business development. (News Bites).(Brief Article)
July 17, 2002... BOISE, Idaho -- Albertson's yesterday named Eric Cremers senior vice president for corporate strategy and business development. Cremers, formerly a managing director for investment banking at US Bancorp Piper Jaffray, also was named a member...

Seattle-based cooperative Associated Grocers has named Robert Hermanns president and chief executive officer. (News Bites).(Brief Article)
July 17, 2002... SEATTLE -- Seattle-based cooperative Associated Grocers has named Robert Hermanns president and chief executive officer. Hermanns had been chief operating officer at Weis Markets.

Discount Drug Mart is presenting the 39th Cleveland National Air Show Aug. 31 to Sept. 2. (News Bites).(Brief Article)
July 17, 2002... MEDINA, Ohio -- Discount Drug Mart is presenting the 39th Cleveland National Air Show Aug. 31 to Sept 2. Discount shoppers are being offered a chance to ride in a jet on one of three days before the air show.

The New Dana Perfumes Corp. named Beni Trojbicz director of marketing. (News Bites).(Brief Article)
July 17, 2002... COCONUT CREEK, Fla. -- The New Dana Perfumes Corp. named Beni Trojbicz director of marketing. His responsibilities will include managing the base line of products and new product launches. He will report to Carla Ferber, vice president of...

Albertson's is expanding the Catalina Marketing Network. (News Bites).(Brief Article)
July 17, 2002... ST. PETERSBURG, Fla. -- Albertson's is expanding the Catalina Marketing Network into more than 600 Say-on and Osco Drug stores nationwide The network now is implemented in Albertson's food stores.

Chain pharmacy eyes Senate drug debate warily.(Medicare prescription plan, drug costs)(Brief Article)
July 17, 2002... WASHINGTON -- Retail pharmacy is keeping a close eye this week on the U.S. Senate, where Democrats and Republicans have launched a wide-ranging debate over Medicare prescription drug benefits and the rising cost of drugs. The Senate...

Snyder's ups ante for Phar-Mor as bids heat up.(Snyder's Drug Stores)(Brief Article)
July 17, 2002... YOUNGSTOWN, Ohio -- Multiple groups vied for bankrupt Phar-Mor's assets at its auction sale yesterday, but only two entities are in contention for the majority of the chain's assets. Those two are: Snyder's Drug Stores, which has been joined...

Fla. attorney general wraps Eckerd investigation.(Brief Article)
July 17, 2002... CLEARWATER, Fla - The Florida attorney general's office has closed investigations into Eckerd's use of private medical information and its handling of metric quantity prescriptions. Last December, attorney general Bob Butterworth opened...

Eckerd to maintain coverage of Carolina state employees.(Brief Article)
July 17, 2002... CLEARWATER, Fla. -- Eckerd reported July 10 that it will not drop out of North Carolina's employees' medical plan and will continue to honor prescription cards. The drug chain's decision to remain in the plan was made in response to a...

Pfizer agrees to aquire Pharmacia.(Brief Article)
July 17, 2002... NEW YORK -- Pfizer reported this week that it has agreed to buy Pharmacia for $60 billion in stock. The combination of Pfizer and Pharmacia will create a branded drug giant with global market share of 10 percent and annual sales of more than...

Former Rite Aid execs plead not guilty to fraud.(Brief Article)
July 17, 2002... HARRISBURG, Pa. -- Martin Grass, Rite Aid's ex-chairman and chief executive officer, and two other former Rite Aid executives pleaded innocent last week to criminal charges related to their alleged participation in accounting fraud. In...

Jean Coutu posts solid gains.(revenue data)(Brief Article)(Statistical Data Included)
July 17, 2002... LONGUEUIL, Quebec -- The Jean Coutu Group posted revenues of $2.3 billion (U.S.) for fiscal year 2002 ended May 31, a 22.6 percent climb above the $1.9 billion. EBITDA generated from its Canada operations totaled $98.7 million, an 11.9...

Eckerd is expected to spend roughly $220 million to open new and relocated stores this year. (Financials).(Brief Article)
July 17, 2002... LARGO, Fla. -- Eckerd is expected to spend roughly $220 million to open new and relocated stores this year, with another $75 million earmarked for store reconfigurations. About $50 million of the $425 million capital budget will be devoted to...

After talk that Merck & Co. would go ahead with the initial public offering of its Medco Health Solutions. (Financials).(pricing postponed again)(Brief Article)
July 17, 2002... NEW YORK -- After talk that Merck & Co. would go ahead with the initial public offering of its Medco Health Solutions subsidiary July 9, it postponed the pricing for the third time in less than two weeks. Merck stated that the delay was due...

As the stock market continued to slide yesterday, Target shares fell $1.82 to $34.62 after the chain reported that weekly sales fell below plan. (Financials).(Brief Article)(Statistical Data Included)
July 17, 2002... NEW YORK -- As the stock market continued to slide yesterday, Target shares fell $1.82 to $34.62 after the chain reported that weekly sales fell below plan. Wal-Mart's shares dropped $3.56 to $49.88, despite its having reported that it...

Stripping the effects of negative currency fluctuations, L'Oreal grew sales 8.6 percent for the first half of 2002. (Financials).(Brief Article)(Statistical Data Included)
July 17, 2002... PARIS -- Stripping the effects of negative currency fluctuations, L'Oreal grew sales 8.6 percent for the first half of 2002. Factoring in the negative currency impact of 2.5 percent, the company's sales were up only 5.6 percent, reaching more...

June Sales Performances.(drug store chains, June 2002)(Brief Article)
July 17, 2002... June sales performances Total Same-store monthly % increase Same-store pharmacy $ sales over sales sales Company in billions...

Online poll results.(consumers approve of improved Kmart web site)(Brief Article)
July 17, 2002... In a poll at drugstorenews.com, 52 percent of respondents said they believe Kmart's revamped Web site will attract more visitors.

Elan Corp. (Newsbites).(Donal Geaney, Thomas Lynch resign)(Brief Article)
July 10, 2002... DUBLIN, Ireland -- Elan Corp. announced yesterday that chairman and chief executive officer Donal Geaney and director and vice president Thomas Lynch have resigned. Elan's board has selected long-time director Garo Armen as its new chairman....

Target Corp. (Newsbites).(Fleming to supply foods)(Brief Article)
July 10, 2002... DALLAS -- Target Corp. has selected Fleming to supply candy, cookies and convenience frozen and refrigerated foods to all Target stores. In other news, Fleming has hired Costco's former vice president of operations. Keith Durham, to serve as...

Drug maker Andrx Corp. (Newsbites).(dispute with Biovail Corp. settled)(Brief Article)
July 10, 2002... FORT LAUDERDALE, Fla. -- Drug maker Andrx Corp. stated Monday it had settled its dispute with Biovail Corp. relating to Biovail's Cardizem CD and Tiazac, and Andrx's bioequivalent versions, Cartia XT and Taztia XT. However, Biovail reported...

FDA. (Newsbites).(nicotine water not approved)(Brief Article)
July 10, 2002... ROCKVILLE, Md. -- The FDA has deemed "Nicotine Water," which contains nicotine polacrilex, an unapprovable new drug and as such cannot be legally marketed as a dietary supplement.

Rite Aid. (Newsbites).(contest)(Brief Article)
July 10, 2002... CAMP HILL, Pa. -- Rite Aid is generating excitement in its photo department this month with its instant win game, "Win In A Flash." For every roll of film developed, customers will receive a scratch-off card for a chance to win a $25,000 U.S....

CVS, Rite Aid see solid pharmacy gains in June.(sales)(Brief Article)(Statistical Data Included)
July 10, 2002... NEW YORK -- CVS and Rite Aid reported yesterday healthy same-store sales increases during the month of June, led by double-digit gains in pharmacy, despite the negative impact of generic drug introductions. Woonsocket, R.I.-based CVS...

BJ's Wholesale Club extends reach into pharmacy.(Brief Article)
July 10, 2002... NATICK, Mass. -- BJ's Wholesale Club is moving quickly to expand its recent venture into the pharmacy business, according to sources inside and outside the company. The chain will shortly add mere pharmacies in New England, said BJ's...

House panel seeks Kmart records as part of wide probe.(Brief Article)
July 10, 2002... TROY, Mich. -- The U.S. House Energy Commerce Committee has asked bankrupt Kmart to hand over records as part of a large-scale probe of the management of several publicly traded companies, according to published reports. The bankrupt...

Supermarket chain A&P files long-awaited 10-K.(Brief Article)(Statistical Data Included)
July 10, 2002... MONTVALE, N.J. -- A&P filed its long-awaited annual report with the SEC Friday, and will record a $9.5 million charge for vendor allowances. After delaying the filing in May and launching a review of its accounting, A&P has adjusted...

Albertson's may be eyeing Hispanic-oriented format.(Brief Article)
July 10, 2002... BOISE, Idaho -- A new Hispanic-oriented format may be in Albertson's future. Larry Johnston, chairman and chief executive officer of the food and drug giant, told The Chicago Tribune that such a new format was one of the opportunities...

Merck takes hit on Wall Street on news of Medco accounting.(Brief Article)
July 10, 2002... NEW YORK -- In recent days, Merck & Co. has taken a hit on Wall Street following reports that the drug maker booked $14 billion in revenue it never collected from its pharmacy benefits subsidiary Medco Health Solutions. As WorldCom,...

Bidders remain confident as Phar-Mor auction nears.(Brief Article)
July 10, 2002... YOUNGSTOWN, Ohio -- Tomorrow is the deadline for submitting bids for the assets of Phar-Mor Drug Stores, and the two companies that have made competing public offers for some of the chain's assets are each hoping that their bids will prevail....

Generic settlement stands, according to federal judge.(Brief Article)
July 10, 2002... WASHINGTON -- A federal judge has ruled that brand-name drug giant Schering-Plough and Upsher-Smith Laboratories, a generic drug maker, did not violate antitrust laws when they agreed to settle a patent-infringement case that allowed the...

Safeway's second quarter in line with reduced guidance.(Brief Article)(Statistical Data Included)
July 10, 2002... PLEASANTON, Calif. -- Safeway on Monday reported that net income for the second quarter ended June 15 rose less than 1 percent to $309.3 million, while sales for the period increased 1.2 percent to $8.1 billion. Same-store sales fell 0.4...

Wyeth Pharmaceuticals. (Financials).(Brief Article)(Statistical Data Included)
July 10, 2002... NEW YORK -- Wyeth Pharmaceuticals stock plummeted yesterday after the National Institutes of Health cut short a major clinical trial and announced that combined estrogen and progestin results in an increased risk of breast cancer, heart...

Alberto-Culver Co. (Financials).(Brief Article)
July 10, 2002... MELROSE PARK, Ill. -- Alberto-Culver Co. reported Monday that it expects record third quarter results with double-digit gains in both sales and profits. Earnings for the quarter are expected to meet or slightly exceed Wall Street estimates....

Procter & Gamble. (Financials).(dividends)(Brief Article)(Statistical Data Included)
July 10, 2002... CINCINNATI -- Procter & Gamble yesterday boosted its annual dividend to $1.64 per share from $1.52 per share, or a quarterly increase to 41 cents per share from 38 cents. The dividends are payable after Aug. 15 to shareholders of record on...

Pepsi Bottling Group. (Financials).(launch of Pepsi Blue)(Brief Article)
July 10, 2002... SOMERS, N.Y. -- The Pepsi Bottling Group stated yesterday that it expects the launch of Pepsi Blue next month to fuel its high margin cold drink business. Also, the company reported that worldwide and U.S. physical case volume on a constant...

Kraft Foods Inc. (Financials).(Jugos del Valle acquisition)(Brief Article)
July 10, 2002... NEW YORK -- Following the fallout of a deal between Mexican juice maker Jugos del Valle and Pepsi, Jugos plans to sell up to 100 percent of the company to Kraft Foods Inc. Jugos shareholders are in negotiations with Kraft over the price.

Coca-Cola Enterprises. (Newsbites).(Paul Murphy appointed vice president of customer marketing)(Brief Article)
July 3, 2002... ATLANTA -- Coca-Cola has promoted Paul Murphy, former vice president of national sales, to vice president of customer marketing for Coca-Cola Enterprises. He will have responsibility for marketing support for all of Coca-Cola's customer...

Wal-Mart's first store, located in Rogers, Ark, has turned 40 years old. (Newsbites).
July 3, 2002... BENTONVILLE, Ark -- Wal-Mart's first store, located in Rogers, Ark, has turned 40 years old. Festivities yesterday included performances by Nashville recording artist Barbara Fairchild and actor/singer Barry Williams. The Rogers store opened...

NACDS will host a second HIPAA Conference to address federal regulations governing the use and dissemination of patient information. (Newsbites).
July 3, 2002... ALEXANDRIA, Va. -- NACDS will host a second HIPAA Conference to address federal regulations governing the use and dissemination of patient information. However, no date has been set. The event will help chain pharmacy executives unravel the...

Big V Supermarkets and Wakefern Food recently announced that a U.S. Bankruptcy Court confirmed their joint plan of reorganization. (Newsbites).(Brief Article)
July 3, 2002... FLORIDA, N.Y. -- Big V Supermarkets and Wakefern Food recently announced that a U.S. Bankruptcy Court confirmed their joint plan of reorganization. Under the plan, a Wakefern subsidiary will buy nearly all of Big V's assets.

At the Annual Technician Convention held here Sunday, Eckerd received the National Pharmacy Technician Association. (Newsbites).(Distinguished Employer of the Year 2002 award)(Brief Article)
July 3, 2002... LAS VEGAS -- At the Annual Technician Convention held here Sunday, Eckerd received the National Pharmacy Technician Association's 2002 Distinguished Employer of the Year award for its recruiting and training programs for pharmacy technicians.

Republicans push Medicare Rx bill through House.(Medicare Modernization and Prescription Drug Act of 2002)(Brief Article)(Statistical Data Included)
July 3, 2002... WASHINGTON -- The House of Representatives on Friday passed a bill aimed at providing Medicare recipients with a limited prescription drug benefit. The legislation, which would cost $350 billion over the next 10 years, was opposed by...

Rite Aid announces string of executive moves.(Brief Article)
July 3, 2002... CAMP HILL, Pa. -- Rite Aid last week announced a series of executive promotions and the semi-retirement of former chief administrative officer David Jessick. Although Jessick is resigning, he will still serve Rite Aid as a consultant....

CVS drops back in North Carolina Rx drug plan.(CVS will continue to honor State Employees Association of North Carolina plan)(Brief Article)(Statistical Data Included)
July 3, 2002... RALIEGH, N.C. -- Just when it thought it was out, it seems that North Carolina lawmakers have convinced CVS to keep honoring the prescription drug benefit cards of state employees, at least for the time being. Although the chain had...

Duane Reade's Storch joins Medicine Shoppe.(Bob Storch appointed executive vice president, pharmacy services for Medicine Shoppe)(Brief Article)
July 3, 2002... ST. LOUIS -- Former Duane Reade executive Bob Storch has joined Cardinal Health's Medicine Shoppe international as executive vice president of pharmacy services. He will be responsible for all aspects of pharmacy services, with emphasis...

Snyder's could be winner in offer for Phar-Mor assets.(Brief Article)(Statistical Data Included)
July 3, 2002... YOUNGSTOWN, Ohio -- An auction for the assets of Phar-Mor will be held July 16. and unless more offers are submitted by July 11, Snyder's Drug Stores could take home the winning bid. According to court papers, Snyder's last offer is...