News

Two Washington Rite Aids to get MultiCare Express clinics

BY Michael Johnsen

CAMP HILL, Pa. Rite Aid and MultiCare Health System on Wednesday announced an agreement to open MultiCare Express clinics inside two Rite Aid stores in Tacoma and Lakewood, Wash. this summer.

“Like Rite Aid, MultiCare is dedicated to enhancing the health of the communities it serves and to upholding its mission of providing and setting the standard for quality patient care in the region,” stated Andrew Baron, primary care medical director for the MultiCare Medical Group. “The clinics are affiliated with the resources of the locally based MultiCare Health System, including Mary Bridge Children’s Hospital.”

With the patient’s permission, the MultiCare Express Clinics can provide treatment information to the patient’s primary care provider. Those who need additional services can access the physicians, clinics and hospitals of the MultiCare Health System, one of the largest health systems in the south Puget Sound region.

“Our partnership with MultiCare Health System fits in well with our strategic vision to be the destination for health and wellness services,” noted Mark de Bruin, Rite Aid executive vice president of pharmacy. “The MultiCare Express clinics will provide the same quality of healthcare patients would expect from any MultiCare Health System provider.”

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Walgreens donates $50,000 to Hawaiian pharmacy school

BY DSN STAFF

HILO, Hawaii Following the November 2007 opening of its first store in Hawaii, Walgreens presented the University of Hawaii at Hilo’s new College of Pharmacy with an oversized check for $50,000 Saturday.

Walgreens opened its first store on Keeaumoku Street in Honolulu and plans to add 25 to 30 more stores throughout the state.

Walgreens’ gift, presented without restrictions, will fund activities in the college, which is Hawaii’s first accredited pharmacy program. The first class of 90 students began last August and is expected to finish in 2011. The second class, also of 90 students, will begin this August, and the college hopes to enroll 350 students over the next four years.

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Wal-Mart produces record sales in weak economy

BY Mike Troy

BENTONVILLE, Ark. Wal-Mart’s first-quarter financial results topped analysts’ estimates by a narrow margin, but shares of the company were trading lower Tuesday morning as executives expressed concern about the economic environment.

Total company sales for the quarter ended April 30 increased 10.2 to $94.1 billion and net income increase 6.9 percent to slightly more than $3 billion. Earnings per share of $0.76 exceeded analysts’ estimates by a penny and increased 11.7 percent from $0.68 per share during the comparable period the prior year.

President and chief executive officer Lee Scott attributed the company’s performance to broad based strength across its U.S., international and Sam’s Club business segments combined with a low price image that resonates with consumers during periods of economic weakness.

“We continue to deliver against the business model that Sam Walton started, selling branded merchandise for less,” Scott said. “Our business is even more relevant to our customers today given the current economic pressures.”

That was particularly true in the U.S. where store division president and chief executive officer Eduardo Castro-Wright said customer traffic increased for the first time in several years and customer service scores are at an all time high. He added that the company’s U.S. grocery, health and wellness and entertainment businesses remained strong and the corner has been turned in the apparel business where a return to basic items selling for less than $10 has been well received by consumers.

Sales at the stores division increased 6.6 percent to $59 billion while operating income increase 9.6 percent to $4.4 billion and same store sales, excluding the impact of fuel prices, increased 2.7 percent.

Once again, Wal-Mart’s fastest growing division was international where sales surged 22 percent to nearly $24 billion and operating income increased 15.6 percent to slightly more than $1 billion.

Sam’s Club had a solid quarter, but growth in membership income was less than planned. Sales increased 7.6 percent to $11.1 billion and operating income increased 4.3 percent to $386 million.

Looking ahead to the second quarter, chief financial officer Tom Schoewe said Wal-Mart is well positioned in the current economic environment but given the unclear impact government rebate checks will have on sales the forecast for second quarter same store sales is in a range of flat to 2 percent and earnings per share should fall between $0.78 and $0.81.

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