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Walmart expands reach with new smaller-format store in Midwest City, Okla.

BY Allison Cerra

MIDWEST CITY, Okla. — Walmart is gearing up to open a Neighborhood Market store this month in Midwest City, Okla.

The 40,000-sq.-ft. format will offer customers quick access to low-cost groceries, prescriptions and household products. The store officially will open its doors on Sept. 21.

As previously reported, Walmart president and CEO Bill Simon said that the Neighborhood Market format is being rebranded as Walmart Market.

“With our smaller format, our store is perfect for those on the go. Whether they’re stocking up or need to pick up just a few items, our customers will be able to find what they need quickly and easily,” store manager Paul Engelken said. “Our customers will be able to find familiar brands and local products at great values, right in their own neighborhood.”

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NCPA: Increase in use of MTM, generics to cut deficit

BY Alaric DeArment

ALEXANDRIA, Va. — A group representing independent pharmacies is urging Congress to cut the deficit by reducing healthcare expenditures, but "without compromising patients’ access to their pharmacy of choice or harming local jobs."

In a letter to the Joint Select Committee on Deficit Reduction, the National Community Pharmacists Association suggested increasing use of generic drugs, encouraging services, such as medication therapy management, collecting manufacturer rebates and allowing patients to choose their pharmacies and avoid requirements to use mail-order services. These measures, the NCPA said, could reduce spending on drugs and increase medication adherence.

"We believe that significant savings can be found through simple reforms to programs like Medicare and Medicaid that will result in reduced drug costs for the federal government and consumers," NCPA CEO and EVP Douglas Hoey said. "Nothing can save the health system more money that the appropriate use of generic medications. Local pharmacists are leading the way on the proper use of these cost-cutting drugs. In addition, pharmacists, working with prescribers, can help improve the use of medications through counseling, adherence and medication therapy management programs."

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Sears names new supply chain leader

BY Allison Cerra

HOFFMAN ESTATES, Ill. — Sears Holdings announced that former UPS executive Raj Penkar is joining the company as SVP and president of the company’s supply chain.

In his new role, Penkar will be accountable for all aspects of the company’s supply chain, including logistics, warehousing, inventory management and distribution. Prior to joining Sears, Penkar worked at UPS for 24 years and most recently served as president of UPS’ customer solutions division.

"I believe that Raj’s vast experience in driving innovative customer solutions and logistics strategy will be invaluable to our company as we continue to put the customer first in everything we do," Sears president and CEO Lou D’Ambrosio said. "Supply chain and fulfillment are key components in ensuring that we have the right product assortment, at the right place, and at the right time to meet the needs of every customer online, in their home and at the store. Raj’s customer insight is a key asset for any organization and I welcome him to Sears Holdings."

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