RETAIL NEWS

The retail pharmacy universe just got a little bit smaller.

Despite Drug Fair’s turnaround efforts in recent years, the regional player has fallen victim to the current economic crunch, filing for bankruptcy protection and agreeing to sell the majority of its assets to Walgreens.

Our industry received one more reminder of the leadership retail pharmacy has shown on health reform last week.

Even for well-run companies, it’s the era of shareholders in revolt. With corporate leaders on the hot seat over pay and bonuses, and their performance under intense scrutiny from angry taxpayers and stockholders, even companies far removed from the banking sector and Wall Street have been at least marginally swept up in a populist tide of anger over the cost of the federal bailout of the private sector and a seemingly endless series of mind-numbing missteps by banking and investment titans.