New Shoppers Drug Mart store slated to open in Edmonton in 2013
ALBERTA — The former Cromdale Hotel in Edmonton is being demolished to make way for the construction of a new Shoppers Drug Mart on the property, the Canadian retailer recently announced.
The demolition is expected to take just more than a month, and construction of the new store will begin in September.
"Through the revitalization of communities and support of urban development projects, we continue to ensure we remain one of the top urban economies in the country," stated Mayor Stephen Mandel. "To that end, we are pleased that Shoppers Drug Mart has chosen to invest in its real estate network in the city of Edmonton."
The new 10,500-sq.-ft. store will be a relocation of the current Shoppers Drug Mart store located down the street at 9452 118th Ave., and is expected to open in spring 2013.
The new store will feature a cosmetics department; a convenience food and beverage section, including a larger assortment of such everyday food items as milk, eggs and bread; and the Simply Food line. The store also will feature a pharmacy area with innovative tools and services to help customers and patients manage their health.
FDA approves morphine sulfate oral solution
ALLEGAN, Mich. — The Food and Drug Administration has approved an oral painkiller made by Perrigo, the drug maker said Wednesday.
Perrigo announced the approval of morphine sulfate oral solution in the 100-mL/5% strength. The drug is a Schedule II controlled substance and is used to treat moderate to severe acute and chronic pain. Sales of the drug are about $26 million per year, according to Wolters Kluwer Health. Perrigo said it would ship the drug immediately.
RILA to presidential candidates: Pursue pro-retail policies
ARLINGTON, Va. — The Retail Industry Leaders Association is urging President Barack Obama and Gov. Mitt Romney to consider the retail industry’s role in the U.S. economy as the presidential candidates "advance their visions for the future."
In letters sent to both politicians, RILA president Sandra Kennedy and RILA board chairman Gregg Steinhafel — who also serves as chairman, president and CEO of Target — said that, "As this year’s political debate unfolds, we welcome the attention that has been paid to three issues of critical importance to all Americans: how to create jobs, speed our economic recovery and avert the certain disaster that would befall America if the fiscal cliff is not properly addressed," Kennedy and Steinhafel wrote. "With that focus in mind, we write to underscore the importance of the retail industry in our economy and the critical role the industry will play in its revitalization. Indeed, the vibrant economy we all seek cannot exist without a robust retail industry."
Kennedy and Steinhafel noted that the retail industry is America’s second-largest private-sector employer and while the retail industry’s size and contribution to the economy cannot be understated, it is also hypersensitive to economic fluctuations and government regulations.
"As you advance your vision for growing the economy, we urge you to consider policies that bolster a vibrant retail industry, allowing it to grow, add jobs and better serve consumers," Kennedy and Steinhafel said.