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  • Sluggish sales at Walmart, profit outlook lowered

    BENTONVILLE, Ark. — Bad weather and a reduction in food stamps led to weaker-than-expected sales at Walmart and Sam’s Club, which — combined with greater than expected international expense — prompted an uncharacteristic preannouncement from the company that fourth quarter profits would be worse than expected.

  • Walgreens promotes teen health advocacy and awareness through Expressions Challenge

    CHICAGO — In January, Walgreens recognized students, teachers and their schools for their leadership in teen health advocacy and awareness. Students, teachers and schools were awarded more than $28,000 for their contributions to the Expressions Challenge, Walgreens stated. 

  • Cardinal Health posts Q2 revenues of $22.2 billion, increases outlook for fiscal year

    DUBLIN, Ohio — The loss of the Walgreens contract was a key consideration in Cardinal Health's 12% decline in overall revenue for the company's second quarter 2014, George Barrett, Cardinal Health chairman and CEO, told analysts Thursday morning. Revenue totaled $22.2 billion. The loss of the Walgreens contract totaled $5 billion. 

    But Cardinal Health is bullish regarding its future. Cardinal Health increased its outlook for the next six months, raising its non-GAAP EPS range to $3.75 to $3.85. 

  • Report: Target says breach at vendor led to data theft

    MINNEAPOLIS — Target reportedly said a data breach at an unidentified vendor led to hackers obtaining phony credentials that allowed them to gain access to Target’s systems and steal the information for 40 million credit and debit cards, as well as the personal data of about 70 million consumers. According to the Associated Press, Target did not offer any specific details on who the vendor was or how hackers obtained the credentials.

  • Rite Aid posts 1.8% increase in January comp sales despite tough flu comparisons

    CAMP HILL, Pa. — Rite Aid's January same-store sales increased 1.8%, beating out an analyst projection of a 0.5% increase in overall comparable-store sales. Total drug store sales for the four weeks ended Jan. 25 increased 1.5% to $1.9 billion.

    January front-end same-store sales decreased 1.3%, of which 1.4% was attributable to a decrease in sales of flu-related over-the-counter products. Pharmacy same-store sales, which included an approximate 124 basis points negative impact from new generic introductions, increased 3.2%. 

  • Walgreens discusses digital transformation at recent I Heart APIs conference

    SAN JOSE, Calif. — Apigee recently hosted Tim McCauley, Walgreens’ senior director of mobile commerce, and Joe Rago, a senior product manager at Walgreens, to discuss Walgreens' digital transformation and API strategy during the organization's I Heart APIs conference.

    Apigee made the video of the presentation available in a blog on Wednesday. 

  • WAG expands Inovalon partnership to bring data analytics to Healthcare Clinics

    DEERFIELD, Ill. — Walgreens announced on Thursday that it is expanding its relationship with technology company Inovalon to implement its patient assessment tool and technology platform to support improvements in care, quality and risk score accuracy programs across more than 400 Healthcare Clinic at select Walgreens locations.

  • Rite Aid corporate raises more than $600,000 for United Way

    CAMP HILL, Pa. — Rite Aid on Tuesday announced that associates in its corporate offices located throughout the greater Harrisburg area raised $613,555 during its 2013 fundraising campaign for the United Way of the Capital Region. Rite Aid has raised more than $6.4 million for the United Way of the Capital Region since it began holding a corporate campaign in 2002. 

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