Vitamin Shoppe confirms plans to open 48 stores in fiscal year
NORTH BERGEN, N.J. — Vitamin Shoppe said during its second-quarter earnings release that it is on track to open 48 stores in the fiscal year.
The chain opened its 500th store, located in St. Peters, Mo., in April.
On Thursday, Vitamin Shoppe reported that its net income rose 64% to $11.6 million in the quarter, compared with $7.3 million in the year-ago period. The retailer cited strong sales both in-store and online for its improved performance.
Revenue rose 12.3% to $215.9 million, topping Wall Street expectations. Same-store sales increased 8% in the quarter.
CVS/pharmacy, MinuteClinic gear up for 2011-2012 flu season
WOONSOCKET, R.I. — CVS Caremark is gearing up for flu season and will leverage both its CVS/pharmacy locations and MinuteClinic sites to provide flu shots for patients every day, including evenings and weekends, and will offer direct medical billing to many national and regional health plans that will cover all or part of the cost of a flu shot.
"By providing 7,800 retail locations across the United States that can offer vaccinations with no appointment necessary, CVS/pharmacy and MinuteClinic will make getting a flu shot easier than ever this season," said Papatya Tankut, VP pharmacy professional services at CVS/pharmacy. "While the composition of this year’s vaccine has not changed from the previous season, immunity from influenza declines over time. Receiving an annual flu shot provides you with the best protection against catching the flu."
The Centers for Disease Control and Prevention recommends that everyone ages 6 months and older get a flu shot as soon as the vaccine is available, including those who were vaccinated last season.
CVS/pharmacy and MinuteClinic also will make flu shots more accessible this year by providing direct medical billing to many national and regional health plans that will cover all or part of the cost of a flu shot.
In addition to the seasonal flu vaccine, CVS/pharmacy and MinuteClinic will offer Fluzone High-Dose this season, which will be available for people ages 65 years and older. This higher-dose vaccine is designed to provide stronger protection from influenza to this age group, which has a greater risk of developing a severe illness from influenza. Most Medicare beneficiaries, including those covered by Medicare Part B, can get either version of the flu vaccine for no out-of-pocket cost.
According to the CDC, such retail pharmacies as CVS/pharmacy are an increasingly popular destination for a flu shot, accounting for more than 18% of adults who were vaccinated last season.
CVS/pharmacy and MinuteClinic are expected to announce the complete details of their 2011 flu vaccination program within the next few weeks.
CVS serves as title sponsor for 2011 National Urban League Conference
BOSTON — CVS Caremark is welcoming thousands of delegates to the 2011 National Urban League Conference as a title sponsor of the event that is taking place in Boston this week.
"Like the Urban League, we value diversity and share a common belief in the importance of revitalizing local communities and creating a more diverse workforce," CVS Caremark president and CEO Larry Merlo said. "That’s why we are exploring a deeper partnership with the Urban League that will leverage their grassroots reach into multicultural communities with the goal of helping people build prosperous careers."
"Employers know what skills they want in their workforces, but they often lack full access to communities where they can identify and foster the talent they need for today and tomorrow," added David Casey, VP workforce strategies and chief diversity officer at CVS Caremark. "A big part of the role of corporate talent acquisition is to deliver the right people in the right roles at the right time in the right places. Given the rapidly changing dynamics of the communities from which we draw talent, diversity has to be top of mind for any company that wants to remain relevant and competitive."
During the NUL Conference, held July 27 to July 30, CVS Caremark also will participate in the Career Expo and will have a booth at the Exhibition Hall where conference-goers can have free health screenings and consultations with pharmacists and nurse practitioners, get free makeovers and receive free samples of CVS/pharmacy-branded products.