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February 8, 2013
Elan sells Tysabri rights to Biogen Idec

Elan will sell the rights to its drug for multiple sclerosis to partnering company Biogen Idec for $3.25 billion plus royalties, the Irish drug maker said.

February 8, 2013
Rite Aid provides update on debt refinancing

Rite Aid has updated the debt refinancing that it announced Jan. 31, the retail pharmacy chain said.

February 8, 2013
Taro, Sun slam brakes on acquisition deal

Israeli drug maker Taro Pharmaceutical Industries and Indian drug maker Sun Pharmaceutical Industries have terminated their merger agreement, the companies said in a joint statement Friday.

February 7, 2013
99 Cents Only Stores sales increase 8.8% in Q3

Net sales at 99 Cents Only Stores increased 8.8% in third quarter 2013, the company said.

February 7, 2013
Costco total sales, comps rise in January

Costco's sales increased 7% in January compared with January 2012, the club retailer said.

February 7, 2013
Fred's looking toward accelerating pharmacy growth in 2013

Fred's Super Dollar reported sales for the five-weeks ended Feb. 2 were up 31% to $173.6 million. Comparable store sales were up 28.6%.

February 7, 2013
Prestige Brands: Looking forward to January cough-cold reorders after strong Q3

Reporting on the third quarter ended Dec. 31, Prestige Brands' CEO Matthew Mannelly told analysts he is "cautiously optimistic" regarding cough-cold reorders given the high consumption levels at retail in late December through January.

February 7, 2013
Target January sales rise nearly 30%

Target reported net sales of nearly $6 billion in January, the company said, a 29.6% increase over January 2012.

February 6, 2013
Revlon records 3.2% net sales increase for 2012

Revlon today announced results for the year and the fourth quarter ended Dec. 31, 2012, with a 3.2% increase in overall net sales.

February 5, 2013
Cardinal quarterly revenue down 7%, earnings-per-share up 15%

Cardinal Health posted $25.2 billion in revenue for its 2013 second quarter, down 7%. The company's non-GAAP diluted earnings per share was up 15% to $0.93.

February 5, 2013
Walgreens reports 8.7% pharmacy comps lift for January

Walgreens reported January sales of $6.2 billion, an increase of 6.3% as compared to the same month in fiscal 2012.

February 4, 2013
Bloomberg: Tesco reassures U.S. customers as investment bank conducts strategic review

U.K. grocer Tesco is attempting to reassure shoppers that its United States-based Fresh & Easy supermarkets are not closing after announcing in December plans to exit the U.S. market, Bloomberg News reported Friday.

February 4, 2013
Katz Group Canada appoints Sharon Driscoll as EVP, CFO

The company that operates Canada's Rexall and Rexall Pharma Plus retail pharmacy chains has hired on a former Sears Canada executive.

February 1, 2013
Harris Teeter reports Q1 2013 sales of $1.2 billion, up 3.7%

Harris Teeter Supermarkets on Thursday reported that sales for the first quarter of fiscal 2013 ended Jan. 1 increased by 3.7% to $1.2 billion.

February 1, 2013
McKesson Q3 revenue up 1% to $31.2 billion

McKesson Corporation on Thursday reported $31.2 billion in revenue for its third quarter ended Dec. 31, up 1%.

February 1, 2013
Rite Aid moves to refinance debt

Rite Aid will refinance part of its debt, the retail pharmacy chain announced.

February 1, 2013
Unilever completes sale of Skippy brand to Hormel in most markets

Unilever has mostly completed its sale of the Skippy peanut butter brand to Hormel Foods, the company said.

January 31, 2013
RAD posts positive January comps amid strong flu season

Rite Aid reported a 0.3% increase in comps for the month of January, the retail pharmacy chain said.

January 29, 2013
Eli Lilly reports 1% Q4 decline from Zyprexa patent expiration

Eli Lilly and Company reported that its fourth quarter revenue for the period ended Dec. 31 declined 1% to $6 billion because of its Zyprexa patent expiration. Full-year 2012 revenue declined 7% to $22.6 billion.

January 28, 2013
Changing of the guard at 99¢ Only Stores as acquirer Ares Management fills top exec spots

99¢ Only Stores last week announced that Richard Anicetti has assumed the role of interim CEO.

January 28, 2013
WSJ: J&J shopping women's care unit

Johnson & Johnson is shopping its women's health unit, according to a report Friday in The Wall Street Journal, which suggested that the business no longer coincided with J&J's "growth priorities."

January 24, 2013
ABC Q1 2013 revenue up 6%

AmerisourceBergen on Thursday reported revenue of $21.5 billion, up 5.7%, for the first quarter ended Dec. 31.

January 21, 2013
Kroger declares quarterly dividend

Kroger on Friday declared a quarterly dividend of 15¢ per share to be paid on March 1, 2013, to shareholders of record as of the close of business on Feb. 15, 2013.

January 18, 2013
Hurricane Sandy efforts drive Ahold 4Q sales

Ahold reported sales of $10.4 billion for fourth quarter 2012 and $43.6 billion for the entire fiscal year, the company said in an earnings report.

January 15, 2013
Anti-aging rides wave of sales from baby boomers

Skin care products, including facial moisturizers and facial anti-aging products, experienced an uptick in sales, and the growth is expected to continue going forward as baby boomers help fuel sales and shoppers indulge in small luxuries.

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