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Statement: Walgreens a differentiating factor in Medicare Part D plans

BY Michael Johnsen

DEERFIELD, Ill. — Medicare Part D plans that had incorporated Walgreens into their network gained market share last year, while those without Walgreens collectively lost market share, according to a Walgreens statement issued Wednesday.

"We were very pleased to see that those plans that included Walgreens grew nearly twice as fast as those Medicare Part D plans without Walgreens," stated Kermit Crawford, Walgreens president pharmacy health and wellness services. "Several health plans that partnered with Walgreens grew significantly faster. For example, Coventry, who partnered with Walgreens and introduced a low cost Medicare Part D option, grew five times faster than the overall market."


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Target saves Q4 with January comps increase

BY Mike Troy

MINNEAPOLIS — Target appears to have salvaged its fourth-quarter sales results with a 4.3% same-store sales increase in January to offset a disappointing 1.6% increase in December and a 1.8% increase in November.

January sales increased 5.1% to $4.6 billion during the four weeks ended Jan. 28, compared with the same period the prior year, while comparable-store sales advance 4.3% on top of a prior-year increase of 1.7%. The gain was driven equally by an increase in average transaction size and customer traffic. It also fell squarely within the company’s guidance range which called for a low to mid single-digit increase and was sharply higher than the disappointing monthly results the company reported for the first two months of the fourth quarter.

“January sales were near the high end of our expected low to mid single-digit range, reflecting strong performance in both discretionary and non-discretionary categories,” Target chairman, president and CEO Gregg Steinhafel said. “Sales trends were healthy throughout the month and across the country. These results reflect our commitment to delivering a superior experience and providing compelling everyday value on a unique assortment designed to satisfy our guests’ wants and needs.”

The 4.3% increase in January when blended with November and December results puts Target’s fourth-quarter same-store sales increase at 2.2%, toward the low end of its guidance range and below the 2.4% increase reported the prior year.

As in prior months, the strongest performance came in the areas of food and household essentials which are benefitting from expansion under the PFresh store remodeling program now in about two thirds of the company’s discount stores. Same-store sales in food increased in the low teens and household essentials increased in the mid single digits with the strongest gain coming in healthcare. The home category also increased in the mid single digits as did apparel, although Target noted the weakest segment of the category was women’s apparel. The only category that declined was hardlines which fell by a mid single digit percentage.

Target is expecting February same-store sales to increase in the low to mid single digits.

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Vitamins & Supplements

BY DSN STAFF

The spring 2012 Vitamin & Supplement Ingredient Guide breaks down the indication, ingredients, purpose and dosage of Centrum Specialist Heart, One-A-Day Women’s Petites, DRS Health Complete One, Megavite Fruits & Veggies, Cosamin ASU, Omojo Acne & Tissue Support, NatureMade Krill Oil, Feosol and Slo-Niacin.

Click here for the complete guide.

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