RETAIL NEWS

RICHMOND, British Columbia — As part of Heart Month in Canada, London Drugs pharmacists are hoping to boost public awareness of the risk factors and are encouraging Canadians to take preventative action by attending a Healthy Heart Clinic running Feb. 6 through March 23 at 68 London Drugs locations.

ISSAQUAH, Wash. — Costco and EnvisionRx, the pharmacy benefit management division of EnvisionRxOptions, have partnered to expand Rx90, intended to improve care and reduce costs for people with chronic conditions.

MEMPHIS, Tenn. — Fred’s Pharmacy received a $75 million increase in its revolving loan commitment from $150 million to $225 million. As part of Fred’s revolving loan credit agreement with Regions Bank and Bank of America, up to $15 million of borrowings under the revolving loan facility may be used to purchase up to 10 Rite Aid divested stores should the Walgreens Boots Alliance acquisition of Rite Aid be approved.

CINCINNATI — Kroger announced earlier this week that all of its Ohio pharmacies will be partnering with the state’s first lady, Karen Kasich, in February to highlight the importance of maintaining good heart health.
 

ISSAQUAH, Wash. — Costco Wholesale reported net sales of $9.08 billion for the month of January, an increase of 9% compared to $8.32 billion in sales during the same period in 2016.

U.S. comparable-store sales for the four week period ended Jan. 29 increased 6% year over year. When excluding impacts from gasoline prices and foreign exchange, U.S. comparable-store sales increased 5% year over year. For the total company, comp-store sales rose 7%.