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Walgreens posts 8.8% boost in April sales

BY Antoinette Alexander

DEERFIELD, Ill. — Walgreens posted April sales of $6.49 billion, an increase of 8.8% from $5.96 billion for the same month in fiscal 2013.

Total front-end sales increased 8.8% in April compared with the same month in fiscal 2013, while same-store front-end sales increased 8.2%. Customer traffic in comparable stores increased 2.6% while basket size increased 5.6%.

For the combined March/April period that includes the Easter holiday season impact, comparable store front-end sales increased by 2.1%, while customer traffic in comparable stores decreased 0.9% and basket size increased 3%.

Prescriptions filled at comparable stores increased by 3.5% in April and increased 4.3% on a calendar day-shift adjusted basis. April 2014 had one additional Wednesday and one fewer Monday compared with April 2013. The retailer noted that the calendar shifts negatively impacted prescriptions filled at comparable stores by 0.8 percentage point.

April pharmacy sales increased by 9.2%. Comparable store pharmacy sales increased 7.3% and increased by a calendar day-shift adjusted 8.1%. Calendar day shifts negatively impacted pharmacy sales in comparable stores by 0.8 percentage point. Calendar day-shift adjusted comparable store pharmacy sales were negatively impacted by 1.3 percentage points due to generic drug introductions in the last 12 months. Pharmacy sales accounted for 64.5% of total sales for the month, the company stated.

Sales in comparable stores increased by 7.6% in April. Calendar day shifts negatively impacted total comparable sales by 0.5 percentage point. Generic drug introductions in the last 12 months negatively impacted total comparable sales by 0.8 percentage point.

Sales for the combined months of March and April 2014 increased 6.6% from the same two months in 2013. Comparable store sales for the March/April period increased 5.5%.

 

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Kmart working with Diplomat Specialty Pharmacy to offer specialty meds

BY Antoinette Alexander

HOFFMAN ESTATES, Ill. — Kmart Pharmacy has announced that it is working with Diplomat Specialty Pharmacy to give Kmart customers and Shop Your Way members access to specialty medications.

By 2018, specialty medications are projected to account for more than 51% of sales within the top 100 prescription products. Through this new agreement with Diplomat Pharmacy, Kmart is looking to offer a new level of service and convenience to meet the needs of the growing specialty medication population. 
 

“We understand that when patients are dealing with a chronic or complex health condition they need an extra level of care,” stated Mark Panzer, president of Pharmacy for Sears Holdings. “By partnering with Diplomat Pharmacy, Kmart Pharmacy is able to provide a highly trained team to support medication therapy and comprehensive care management to better serve our specialty pharmacy members.”
 

In addition to HIV, Crohn’s, anemia and Hepatitis C, Kmart Pharmacies will also offer specialty medications to treat conditions such as cystic fibrosis, growth hormone, multiple sclerosis, osteoporosis, renal, rheumatoid arthritis, and transplants. In addition, patients will have access to patient care coordinators familiar with their medical files, specialized injection training (for patients requiring this service), and manufacturer co-payment support cards for eligible patients.
 

“Working with Kmart Pharmacies means millions more will have access to specialty drugs through the convenience of their local Kmart pharmacy,” stated Ela Lourido, director of Retail Specialty Network for Diplomat. “It also means patients will have access to teams of specialists who understand their unique needs. The big winner in this is the specialty drug patient who now has a full team of healthcare professionals at their disposal, working together to ensure the best outcome.”

 

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Two Brunet Target affiliated pharmacies open in Quebec

BY Antoinette Alexander

MONTREAL, Quebec — Target has announced that two Brunet Target affiliated pharmacies are now open at the Brossard and Sainte-Dorothée Target store locations.

A total of 18 pharmacies operated by pharmacist-owners affiliated with Brunet will open at Target stores across Québec in 2014. 

“Healthcare is an integral part of the Target brand experience and the newly opened Brunet Target affiliated pharmacies enable us to deliver superior, patient-focused healthcare to our guests across Quebec,” stated Jeff May, director, healthcare operations, Target Canada. “Target is proud of its unique co-branding concept with Brunet, a well-established and highly respected banner in Quebec, which will enhance the guest experience.”

Target has developed a franchise model for the Canadian market, and a similar model will be used in Quebec with Brunet. The pharmacies will carry Target owned brands such as up & up and provide guests with access to prescription, pharmacy and health consultation services. Guests can also access Brunet’s exclusive MaSanté online tool, which provides them with personalized options to access their file online.

The Brunet Target openings follow last year’s announcement of a partnership between Target and Metro Inc.’s subsidiary, McMahon Distributeur pharmaceutique Inc., for the operation of pharmacies at the majority of Target locations across Quebec. Under this agreement, Brunet is responsible for recruiting pharmacists, providing these owner-pharmacists with technology and other patient systems, and providing supply chain and inventory management services.

 

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