Drug Store News articles from September 2004

Drug Store News archives from September 2004

Kmart to sell 45 stores to Sears.(News)(Brief Article)
September 13, 2004... TROY, Mich. -- Kmart has announced plans to sell 45 stores to Sears, Roebuck and Co. for $524 million. As many as six additional stores could be included in the deal for tip to another $65.25 million, subject to conditions that must be met...

Longs' August sales up 2.2 percent.(News)(Brief Article)
September 13, 2004... WALNUT CREEK, Calif. -- Longs Drug Stores posted preliminary August sales of $342.9 million, a 2.2 percent increase from sales of $335.5 million a year ago. Same-store sales were up 1.3 percent, while pharmacy same-store sales increased...

Ryan: people, culture to drive Eckerd-to-CVS transition.(News)
September 13, 2004... WOONSOCKET, R.I. -- It had been less than two weeks since the official close of the Eckerd deal by the time Hurricane Charley had finished wreaking havoc across the western coast of Florida. But when it was all over, it was pretty clear to CVS...

'Let's get busy,' Petri urges at NACDS Rx Conference.(News)(National Association of Chain Drug Stores)
September 13, 2004... SAN DIEGO -- The roughly 2,000 pharmacy executives, suppliers and guests who gathered for the 47th annual National Association of Chain Drug Stores Pharmacy & Technology Conference seemed eager to confront the uncertainties brought on by...

McClellan seeks support for Rx card campaign.(News)(Medicare drug benefit program)
September 13, 2004... WASHINGTON -- The often-misunderstood Medicare-endorsed drug discount card program has been adopted already by more than 4 million Medicare recipients, but many more of the nation's neediest seniors have yet to benefit from the new program, the...

Katz unveils flagship store, dubbing it a growth vehicle.(News)
September 13, 2004... EDMONTON, Alberta -- Calling it the company's retail flagship and primary expansion vehicle as it eves a more aggressive growth plan in Canada and the United States, Katz Group unveiled a new, 10,000-square-foot Rexall prototype store in its...

Rite Aid execs urge staff 'to move from good to great'.(News)
September 13, 2004... BALTIMORE -- Rite Aid is saddled for profit, the chain's executives told attendees at its 22nd annual Management Conference and Strategic Exhibition here last month, thanks in large part to the hard work of Rite Aid's store personnel in...

ShopKo readies format for stand-alone drug stores.(News)
September 13, 2004... GREEN BAY, Wis. -- ShopKo Stores is moving forward with its ShopKo Express stand-alone drug store effort, preparing to break ground on the two previously announced locations and adding a third through acquisition. All three units are expected...

Jean Coutu Group sees only opportunity in Eckerd integration.(News)
September 13, 2004... LONGUEUIL, Quebec -- Late last month, the Jean Coutu Group, which operates Brooks Pharmacy in the United States, announced an increase in 2004 fiscal year sales and profits. But what analysts really wanted to talk about was what the chain has...

Facing growing competition, Bartell plans new prototype.(News)
September 13, 2004... SEATTLE -- Bartell Drugs, a 53-store regional drug chain nestled in the shadow of the Space Needle, is in the early stages of designing a new, standard store prototype that will further set it apart from the growing competition in the Pacific...

States continue to defy FDA attempts to import drugs.(News)(Food and Drug Administration)
September 13, 2004... NEW YORK -- As many pharmaceutical importation holes as the Food and Drug Administration has been able to plug through litigation, there continues to be forces at work determined to break the cross-border dam. Indeed, the FDA successfully...

Longs pharmacy veteran Fong now heads Safeway pharmacies.(News)
September 13, 2004... PLEASANTON, Calif. -- In a major personnel shift in West Coast chain pharmacy management, Dave Fong has joined Safeway as vice president of corporate pharmacy after a three-decade career at Longs Drug Stores. Fong, a highly regarded...

Wild Oats pursues Stop & Shop, Peapod.(Supermarket Aisle)(Brief Article)
September 13, 2004... BOULDER, Colo. -- Wild Oats Markets has reached an agreement to test two new alternative retail concepts. The first, which will begin in late 2004 or early 2005, is a three- to five-store test of a Wild Oats branded store-with-in-a-store...

Survey: theft, fraud still vexes grocers.(Supermarket Aisle)(Brief Article)
September 13, 2004... WASHINGTON -- Shoplifting, employee theft and check fraud remain a big source of concern and the greatest sources of annual losses for food retailers and wholesalers, according to a recently released report from the Food Marketing Institute....

Illinois anti-abuse law limits OTC cough-cold purchases.(News)(Meth Watch program)(Over The Counter )
September 13, 2004... SPRINGFIELD, Ill. -- Legislation signed late last month establishes Illinois as one of the toughest states in the nation in curbing access to key ingredients used to make speed, or methamphetamine. Retail pharmacies may feel the effect, as the...

Service drives IT spending.(News)(information technology)(technology application of drug stores)
September 13, 2004... FRANKLIN, Tenn. -- The top three chain drug retailers collectively spend $900 million on information technology systems, accounting for half of the $1.8 billion combined spend on IT by the 20 largest North American chain drug stores....

Retailers aid Floridians in storm's wake.(News)
September 13, 2004... NEW YORK -- As Hurricane Charley ripped through Florida last month, killing at least 21 people, destroying homes and businesses and causing billions of dollars of damage, many retailers in the area did their best to serve customers in a time of...

Biotechnology drugs face high hurdles in suppliers' bid for broader distribution.(Pharmacy News)
September 13, 2004... NEW YORK -- Biotechnology is the fastest-growing segment of the pharmaceutical industry, but it almost certainly never will capture more than a small slice of the $200 billion-plus retail prescription market. Part of the explanation lies in...

SureScripts rounds turn in race to e-Rx linkup.(Pharmacy News)
September 13, 2004... ALEXANDRIA, Va. -- Buoyed by recent federal efforts to promote electronic prescribing as a way to enhance patient safety and cut costs and by its own success at enlisting technology vendors in the e-prescribing revolution, SureScripts reported...

Pfizer expands pharmacy discount options.(Pharmacy News)(Brief Article)
September 13, 2004... NEW YORK -- Pfizer has launched a new, comprehensive program to provide an array of pharmaceutical cost-saving options to the 43 million Americans who lack health coverage, the company announced Aug. 18. Pfizer calls its umbrella program...

Brooks, CVS embrace transition with pharmacy focus.(Opinion)
September 13, 2004... The transition of the Eckerd stores into Brooks and CVS is under way. And the recent National Association of Chain Drug Stores Pharmacy & Technology Conference in San Diego underscored the most critical factor in the process and ultimately the...

Conventions' hot air leaves voters unimpressed.(Opinion)(drug imports)
September 13, 2004... It's the morning after the Republican Convention here in New York, and the city is like a ghost town. The streets outside Drug Store News' offices are quiet--a far cry from years past when a sustained car horn symphony laced with the random...

Walgreens.(People In The News)(Brief Article)
September 13, 2004... DEERFIELD, Ill. -- Walgreens announced earlier this month that Julian Oettinger, senior vice president, general counsel and corporate secretary, will retire Jan. 12. Succeeding him will be Dana Green, who currently serves as senior vice...

Kmart.(People In The News)(Brief Article)
September 13, 2004... TROY, Mich. -- Newly hired Kmart executive Robert Norton has left the retailer for personal reasons, according to a spokeswoman for the company. Norton, who joined Kmart in June, was hired as senior vice president of stores, with overall...

ECRM.(People In The News)(Brief Article)
September 13, 2004... CLEVELAND -- ECRM has appointed Tom Smith executive vice president. Smith reports to Jeffery Joyner, ECRM president and chief operating officer. Smith's retail background includes 10years at Ahold USA, where he most recently held a...

Supervalu.(People In The News)(Brief Article)
September 13, 2004... MINNEAPOLIS -- Supervalu has named Matthew Desmond corporate vice president of real estate. He also has been elected as an officer of the company. In this newly created position, Desmond is responsible for overseeing all of Supervalu's...

Royal Ahold.(People In The News)(Brief Article)
September 13, 2004... ZAANDAM, Netherlands -- Dutch retailer Royal Ahold announced last month that Karel Vuursteen has decided to resign as chairman of the supervisory board, effective May 18, because of personal reasons. Rene Dahan will serve as temporary chairman...

Boehringer Ingelheim Pharmaceuticals.(People In The News)(Brief Article)
September 13, 2004... RIDGEFIELD, Conn. -- Bob Belknap has been named executive director of trade relations for Boehringer Ingelheim Pharmaceuticals. Belknap will be responsible for the company's field sales, retail marketing, business operation and pharmacy affairs...

PepsiCo.(People In The News)(Brief Article)
September 13, 2004... PURCHASE, N.Y. -- PepsiCo announced a series of management changes effective Sept. 1. Al Bru, chairman and chief executive officer of Frito-Lay and a 28-year veteran of the company, will retire Feb. 1, 2005, and will serve as PepsiCo vice...

Kimberly-Clark Corp.(People In The News)(Brief Article)
September 13, 2004... DALLAS -- Former PepsiCo executive Don Quigley has been appointed president of North American customer development for Kimberly-Clark Corp., the maker of Kleenex, Huggies and Scott. Quigley succeeds Bruce Paynter, who has been named...

Rite Aid management conference.(Making the Scene)(Brief Article)
September 13, 2004... Caption: Rite Aid employees gathered in Baltimore for the chain's Management Conference and Strategic Exhibition. At the conference are (above) Rite Aid's Don Davis, Mark Panzer, Jason Cunningham and Phil Keough; (above right) Rite Aid's Bill...

Maybelline/Jane party.(Making the Scene)(Brief Article)
September 13, 2004... Caption: At the Maybelline New York/Jane magazine reader listening party are (top) Maybelline's Patty DiMucci, Jane's Heddy Sams, recording artist Liz Phair and Jane's Pamela Madden. Phair and her musical director Dino Meneghin (above) judged...

Teens gotta have it ... now!(Hot Picks)(Brief Article)
September 13, 2004... Through an exclusive partnership with Teen People magazine, once per month Drug Store News features a special department, Teen People's Trendspotter Hot Picks, which is designed to give retailers a better sense of what moves today's teen...

Copper eye shadow.(Teen People Trendspotters[TM])
September 13, 2004... Silver is a thing of the past. Copper tones are surfacing in eye shadow lines for the fall. This color looks great on all skin tones and has just the right amount of shimmer without being overwhelming. Trendsetters are embracing this color...

Red lipstick and nails.(Teen People Trendspotters[TM])
September 13, 2004... Red. It's a timeless color that complements all skin tones, and it's showing up this month in lipsticks and nail polishes. Bold brick-red tones for lips and crimson for polishes are taking beauty stores by storm. This classic style never truly...

M&M's candy bar.(Teen People Trendspotters[TM])
September 13, 2004... The makers of M&M's have a hit again with a new candy bar version of the classic favorite. Miniature M&M's line the M-Azing Candy Bars, the latest treat from M&M/Mars. In flavors like crunchy or peanut butter, these milk chocolate delights are...

Skittles gum.(Teen People Trendspotters[TM])
September 13, 2004... Skittles candies fans can now taste--and chew--the rainbow with new Skittles Bubble Gum. This new take on the sweet favorite are Skittles-shaped pieces of gum in the original flavors of strawberry, orange, grape, lemon and lime. This hot new...

Eli Lilly's.(Supplier News)(Brief Article)
September 13, 2004... The Food and Drug Administration last month approved Eli Lilly's Cymbalta (duloxetine hydrochloride) for treating major depression. Analysts have speculated sales of Cymbalta could reach as high as $2.8 billion. "Because of its dual...

Abbott Laboratories.(Supplier News)(Humira)(Rheumatoid arthritis treatment)(Brief Article)
September 13, 2004... The FDA last month approved an expanded indication for Abbott Laboratories' rheumatoid arthritis treatment, Humira, to include improvement in physical function for adult patients with moderately to severely active RA. "It is not uncommon...

Pfizer.(Supplier News)(Brief Article)
September 13, 2004... The use of Pfizer's Viagra (sildenafil) has experienced its heaviest rate of growth among younger men since it entered the market, according to a study published last month in the International Journal of Impotence Research. Conducted by...

In related news, King Pharmaceuticals (currently being acquired by Mylan) and Palatin Technologies.(Supplier News)(Brief Article)
September 13, 2004... In related news, King Pharmaceuticals (currently being acquired by Mylan) and Palatin Technologies last month entered a strategic alliance to jointly develop and commercialize Palatin's PT-141 for treating male and female sexual dysfunction....

The U.S. District Court for the District of Columbia ruled against Mylan last month in the generic company's claim that the FDA improperly had withdrawn final approval of Mylan's abbreviated new drug application for its fentanyl transdermal patch.(Generic News)(Brief Article)
September 13, 2004... The U.S. District Court for the District of Columbia ruled against Mylan last month in the generic company's claim that the FDA improperly had withdrawn final approval of Mylan's abbreviated new drug application for its fentanyl transdermal...

Medicare formulary gains focus as USP unveils drug guidelines.(Chain Pharmacy)(United States Pharmacopoeia)
September 13, 2004... ROCKVILLE, Md. -- Wading into potentially stormy waters, the U.S. Pharmacopoeia has released a lengthy set of proposed guidelines for the new Medicare drug benefit program. The guidelines were developed in accordance with the Medicare...

Del Laboratories.(Supplier News)(Brief Article)
September 13, 2004... Del Laboratories has been acquired by DLI Holding Corp., a jointly owned company set up by Church & Dwight and Kelso, in a deal worth approximately $465 million. As part of the deal, which is expected to close in the fourth quarter, Church...

McNeil Consumer in January plans to extend its Viactiv franchise into a line of multivitamins.(Supplier News)(Brief Article)
September 13, 2004... McNeil Consumer in January plans to extend its Viactiv franchise into a line of multivitamins, adding to the line of calcium soft chews. According to McNeil research, more than half of all U.S. households purchased multivitamins last...

Bayer HealthCare.(Supplier News)(Brief Article)
September 13, 2004... Bayer HealthCare's Consumer Care Division late last month launched Alka-Seltzer Plus Non-Drowsy Cold Medicine, which provides non-sedating relief of nasal congestion, coughing, headache and sore throat. Daytime usage has become a particularly...

Combe.(Supplier News)(Brief Article)
September 13, 2004... For the cough-cold season, Combe is launching Cepacol Sore Throat from Post Nasal Drip Lozenges. Available in cherry and menthol flavors, the lozenges are formulated to alleviate sore throat discomfort associated with post nasal drip, a...

Sunset Health.(Supplier News)(Brief Article)
September 13, 2004... Sunset Health last month unveiled the Hollywood 48-Hour Miracle Diet-Low Carb, which carries 50 percent fewer carbohydrates than its flagship product. The national launch of the low-carb offering, which retails for $15.99, will be supported...

First quarter key for cough-cold sales as category faces tough comparisons.(OTC/Natural Health)
September 13, 2004... Although retailers may experience a significant downturn in sales of cough-cold remedies this fall compared with last year, sales for the entire 2004-2005 cough-cold season ought to be a little better than flat overall. "Sept. 15 through...

Smoking cessation.(What's Hot)(Brief Article)
September 13, 2004... Branded products promising a smooth transition from smoker to non-smoker continue to excel in the drug channel, despite increased market share shift to private label. Indeed, Watson Pharmaceuticals last month received Food and Drug...

Revlon.(Supplier News)(Brief Article)
September 13, 2004... Revlon is gearing up for the holidays with its new Get Reddy Holiday 2004 Color Collection, rich in reds, golds and silvers. The new limited-edition collection includes ColorStay Overtime lipcolor with new Sparkle! topcoats for $9.99 each....

Alberto-Culver.(Supplier News)(Brief Article)
September 13, 2004... Alberto-Culver is launching this month its new St. Ives Aroma Steam, a body wash designed to provide women with an aromatherapy experience at home. The wash, which is formulated with Swiss water and botanicals, is available in four Aroma Steam...

Gillette Co.(Supplier News)(Brief Article)
September 13, 2004... The Gillette Co., fresh from its acquisition of Den-Mat Corp.'s Rembrandt brand,last month launched Oral-B Rembrandt Whitening Strips. With one 30-minute application per day for five days, the whitening strips promise to make teeth...

Procter & Gamble.(Supplier News)(Brief Article)
September 13, 2004... Procter & Gamble's Olay has repackaged its Regenerist line into a petite trio pack. The Regenerating Collection features Daily Regenerating Serum, Enhancing Lotion and Perfecting Cream, each in 0.56-ounce tubes. The suggested retail price is...

Although U.S. District Court Judge Margaret M. Morrow ruled last month that hairstylist Vidal Sassoon's lawsuit against Procter & Gamble Co. was to go to trial Oct. 19 in Los Angeles, the lawsuit was settled out of court earlier this month.(Supplier News)(Brief Article)
September 13, 2004... Although U.S. District Court Judge Margaret M. Morrow ruled last month that hairstylist Vidal Sassoon's lawsuit against Procter & Gamble Co. was to go to trial Oct. 19 in Los Angeles, the lawsuit was settled out of court earlier this month....

Colomer USA.(Executive News)(Appointments)(Brief Article)
September 13, 2004... Executive News--Vanessa Solomon has been appointed the new senior vice president of sales and marketing for the multicultural division of Colomer USA. Solomon spent seven years at Revlon, where she was executive vice president and general...

Consumers' quest for youth in a bottle firms up microdermabrasion kit sales.(Beauty Care)(Olay Total Effects Moisturizing Vitamin Complex)
September 13, 2004... In today's society, women--in order to be perceived as beautiful--are expected to retain youthful, firm skin as they age, whether it be through Botox or plastic surgery. This trend has prompted many mass skin care manufacturers to put the...

Celebrity stylists make over mass.(What's Hot)(Brief Article)
September 13, 2004... The inrush of celebrity hairstylist-developed hair care lines shows little sign of slowing as a newcomer makes his way to the hair care aisle: Samy. The Cuban native, who operates a salon at Miami's Radisson Hotel, sells his Samy Salon...

Procter & Gamble.(Supplier News)(Tide detergent)(Brief Article)
September 13, 2004... Procter & Gamble late last month launched Tide with a touch of Downy in liquid and powder forms in three different scents for a suggested retail price of $6.49 for 100 ounces. An aggressive marketing campaign includes innovative in-store...

Thanasi Foods.(Supplier News)(Brief Article)
September 13, 2004... Privately held, Boulder, Colo.-based Thanasi Foods launched Jim Beam Original Kentucky Bourbon Soaked Sunflower Seeds, billed as the first premium bourbon-flavored snack food. The seeds are soaked in Jim Beam prior to roasting to impart the...

John Bello.(Supplier News)(Firefighter Brand Products)(donations)(Brief Article)
September 13, 2004... John Bello, founder of Sobe Beverages, launched last month the better-for-you food and beverage line Firefighter Brand Products. The line includes three varieties of chili, as well as kettle-cooked potato chips, tortilla chips and four sodas:...

Canandaigua Wine Co.(Supplier News)(Brief Article)
September 13, 2004... The Canandaigua Wine Co. introduced Lorikeet, a new sparkling wine from Australia crafted by the winemaker behind 22 of Australia's top-selling sparkling wines. Varieties include a crisp, light, fruit-flavored Brut, a slightly sweet Extra Dry...

CoolBrands International entered a licensing agreement with Binney & Smith to create a line of frozen novelties based on the Crayola brand.(Supplier News)(Brief Article)
September 13, 2004... CoolBrands International entered a licensing agreement with Binney & Smith to create a line of frozen novelties based on the Crayola brand, including pops, bars, sandwiches, cups, cones, sundaes and shakes, all with better-for-you ingredients....

Staying power still a mystery for summer soft drink launches.(Consumables)
September 13, 2004... Beverage giants used summer 2004 as a launching pad for mid-calorie carbonated soft drinks, special in-and-out promotional flavors and the introduction of a whole new beverage category. Will the past three months prove simply a summer fling, a...

All aboard for training pants.(What's Hot)(Brief Article)
September 13, 2004... Heard of the baby boom? Call this the baby bust. Last year, the national birth rate hit the lowest number in the history of such record keeping, and it has been in steady decline since 1991. The number of women of prime child-bearing age...

CVS/pharmacy.(Retailer News)(Brief Article)
September 13, 2004... Beginning this holiday season, more than 3,000 CVS/pharmacy locations will sell the Digital One-Time-Use Camera with Picture Preview, the first disposable digital camera with preview capability. The camera features a 1.4-inch color LCD screen...

Big Tent and Spellbound Entertainment have introduced a new back-to-school line of customized stationery and school supplies based on the popular Koala Brothers characters.(Supplier News)(Brief Article)
September 13, 2004... Big Tent and Spellbound Entertainment have introduced a new back-to-school line of customized stationery and school supplies based on the popular Koala Brothers characters. The line will debut in the drug store and supermarket channels prior to...

Maxell Corp. of America.(Supplier News)(Brief Article)
September 13, 2004... Maxell Corp. of America introduced a three-pack DVD-R for camcorders that records up to 30 minutes of content per disc. The suggested retail price is $21.99. According to a market report from TechnoMetrica Market Intelligence, 1-in-8 consumers...

B*tween Productions.(Supplier News)(Beacon Street Girls product)(Brief Article)
September 13, 2004... B*tween Productions has introduced a new Beacon Street Girls product line targeted at girls 8 to 12 years old, with items including locker decorating kits, pens, padfolios, backpacks and stretchy, patterned book covers. rices range from $3.49...

Performance Display Group.(Supplier News)(Brief Article)
September 13, 2004... Performance Display Group has introduced the new Kar Kaddy, a multifunctional, molded plastic tray with dual cup holders that sits in a driver's lap or on the passenger's seat. Designed to hold food and drinks, the Kar Kaddy also serves as a...

Enesco Group.(Executive News)(Brief Article)
September 13, 2004... The Enesco Group has appointed George Ditomassi interim chief executive officer. Prior to joining Enesco's board of directors in 2000, Ditomassi was chairman, president and chief executive officer of Milton Bradley Co., a subsidiary of Hasbro,...

Sequels lead pack of new DVDs set to shatter sales records.(General Merchandise)
September 13, 2004... Several DVD releases due this holiday season have a good shot at breaking the all-time sales record set last year by Finding Nemo. The fourth quarter lineup also includes several classic Christmas films due for release in special DVD editions....

Can you hear me now?(What's Hot)(Compact Power Systems)(Cellboost disposable battery/charger)(Brief Article)
September 13, 2004... The nation's 150 million cell phone users may run out of batteries before they run out of things to say. Drug stores can come to the rescue with a disposable battery/charger. With the channel's 24/7 accessibility, drug stores potentially may...

Warning eyed for antidepressants.(News)(Brief Article)
September 27, 2004... BETHESDA, Md. -- Two Food and Drug Administration advisory committees earlier this month recommended a black-box warning be placed on all antidepressant drugs related to an increased risk for suicidal ideation among pediatric patients. ...

FDA approves OTC defibrillator.(Food and Drug Administration, Over the Counter)(Brief Article)
September 27, 2004... BETHESDA, Md. -- The Food and Drug Administration granted marketing clearance earlier this month for the OTC sale of an automatic external defibrillator designed specifically for lay users. The HeartStart Home Defibrillator, manufactured by...

Duane Reade rolls out European skin care centers.(On the beauty beat)
September 27, 2004... NEW YORK -- European concepts continue to shape the landscape of North America's beauty industry as Duane Reade becomes the latest drug chain to implement high-end skin care boutiques in select stores. Earlier this month, the...

Second Quality Drug opens, with upscale look, unique mix.(Laguna Drug)
September 27, 2004... LAGUNA BEACH, Calif. -- Cookie-cutter designs are the standard for large chains that need to maintain a uniform design, but that doesn't hold true for small operations like Quality Drug, which recently opened a boutique-style store in the...

Pharmacists key to motivating valuable health care consumer.(News)
September 27, 2004... NEW YORK -- Pharmacists can play a role in serving two vastly different, but equally valuable, consumer segments: the untreated and the undertreated pharmacy customer, according to NOP World. The consumer research group tapped into what...

Bush, Kerry tout health care plans for Medicare reform, lower Rx prices.(News)
September 27, 2004... NEW YORK -- The debate swirling over rising prescription drug costs and Medicare hits close to the vest for retail pharmacy as the presidential candidates lay out their plans for health care reform. In a town hall meeting Sept. 10 in St....

NACDS, PCMA voice issues with Part D drug benefit.(National Association of Chain Drug Stores)
September 27, 2004... WASHINGTON -- Protecting the interest of chain pharmacy, the National Association of Chain Drug Stores outlined its concerns over proposed prescription drug benefits for Medicare beneficiaries during a Senate Finance Committee meeting here...

CVS to air Spanish ads.(CVS H.C. Inc.)(Brief Article)
September 27, 2004... WOONSOCKET, R.I. -- CVS is shoring up its efforts to reach the Hispanic community by airing in November its first Spanish-language spot, which, follows the chain's Hispanic radio and direct-marketing efforts. CVS, a client of Interpublic...

Rite Aid lowers guidance, citing slow pharmacy sales growth.(News)(Earnings Before Interest, Tax, Depreciation and Amortization )
September 27, 2004... CAMP HILL, Pa. -- Rite Aid lowered sales, net income and adjusted EBITDA guidance for fiscal 2005 earlier this month, after announcing a 2 percent same-store sales increase for the second quarter ended Aug. 28. Even after the lowered...

Chain positive about future.(News)(11th Annual Global Retailing Conference)
September 27, 2004... NEW YORK -- Only two days after adjusting end-of-year guidance, Rite Aid presented its case to investors at the Goldman Sachs 11th Annual Global Retailing Conference. Rite Aid is still a chain on the rise operating in a business that is on the...

Kroger sees drop in 2Q earnings.(Supermarket Aisle)(Brief Article)
September 27, 2004... CINCINNATI -- Kroger, which is still recovering from the supermarket strike earlier this year in Southern California, announced earlier this month a significant drop in second quarter earnings and stated that it would be difficult to achieve...