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NCPA, NACDS address DIR pharmacy reform failure

NCPA, NACDS address DIR pharmacy reform failure

ALEXANDRIA, Va.  — The National Community Pharmacists Association and the National Association of Chain Drug Stores issued the following statement Thursday after a final drug pricing rule was released and failed to reform pharmacy direct and indirect remuneration fees, or pharmacy DIR: “We are disappointed and frustrated that this final rule fails to finalize pharmacy

Fred’s to close an additional 104 stores

Fred’s to close an additional 104 stores

MEMPHIS — Fred’s Inc. announced Thursday it is closing 104 underperforming stores as part of an “ongoing effort to rationalize its store footprint.” The new round of closings comes five weeks after the Memphis-based company started “going out of business” liquidation sales at 159 stores and follows an evaluation of store performance and timing of lease

NRF calls latest tariffs a big gamble

NRF calls latest tariffs a big gamble

WASHINGTON – The National Retail Federation has warned that the Trump administration’s imposition of additional tariffs on Chinese goods puts the U.S. economy and American jobs at risk. “We support the administration’s efforts to deliver a meaningful trade agreement that levels the playing field for American businesses and workers,” NRF president and CEO Matthew Shay.

Walmart names new VP for O-T-Cs

Walmart names new VP for O-T-Cs

BENTONVILLE, Ark. — Walmart has transitioned two merchandising executives to new roles. Annie Walker has been named the new vice president of merchandising operations, apparel, for Walmart U.S. She will report to Kevin Pate. Julie Barber will take over as the new vice president and divisional merchandise manager of O-T-C merchandising, reporting to Latriece Watkins. “We

Edgewell Personal Care combines with Harry’s

Edgewell Personal Care combines with Harry’s

SHELTON, Conn. — Edgewell Personal Care Co. and Harry’s Inc. have entered into a definitive agreement in which Edgewell will combine with Harry’s in a cash and stock transaction that values Harry’s at $1.37 billion. According to the companies, the combination of Edgewell and Harry’s brings together complementary capabilities to create a next-generation consumer products

Retailer of the Year award winners honored

Retailer of the Year award winners honored

NEW YORK — Mass Market Retailers presented its 2018 Retailer of the Year awards Wednesday night in New York City. The event drew retailer and supplier executives from across the food, drug and mass channels. Target Corp. was honored as MMR‘s 2018 Retailer of the Year. The award was given in recognition of the work

IRI offers food for thought on CPG innovation

IRI offers food for thought on CPG innovation

CHICAGO — IRI, a global leader in innovative solutions and services for consumer, retail and media companies, announced Wednesday the release of its 2018 New Product Pacesetters, its 23rd annual report, highlighting the most successful new product launches across food and beverage, non-food and convenience store sectors. Smaller companies continue to dominate the list, and the most successful products

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