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14 Oct 2010 21:19

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Biz: CVS sorry for giving crystal meth-makers their key ingredient

  • $75
    million     the amount CVS has to pay in fines for selling pseudoephedrine to criminals producing crystal meth
  • $2.5
    million     the amount the massive pharmacy chain has to give up in profits linked to the drug’s sale source
  • » Where you’ve used pseudoephedrine: Sudafed, Claritin, Zyrtec, Contac and Mucinex, among others. Some of these brands, by the way, no longer use the drug. What CVS did here wasn’t intentional so much as a blind eye. They didn’t question people making repeated purchases of these drugs.
Posted by Ernie Smith • 0 Comments • Permalink

17 Feb 2010 10:02

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Biz: Walgreen’s just bought out NYC’s big drugstore: Duane Reade

  • $1B amount Walgreen’s paid to dig its fingers into the NYC market
  • 257 number of Duane Reade stores in NYC; it’s the city’s largest chain
  • 70 number of Walgreen stores in NYC; they own 7,100 nationwide
  • » Brand identity: If you’ve ever been in a Duane Reade, you’d probably know it’s a bit different from your average Walgreen’s. Which is why Walgreen’s says they’re not changing the name or the style of the chain right away, and will figure out how to merge the chains later. Smart move. If anything, they should bring elements of Duane Reade to Walgreen’s.
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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