Drug Retail

Shutterfly, Inc. (NASDAQ: SFLY) today announced partnerships with CVS/pharmacy (NYSE: CVS) and Walgreens (NYSE: WAG) (NASDAQ: WAG) to allow Shutterfly customers more options for in-store pick up, adding close to 14,000 CVS/pharmacy and Walgreens locations to the current selection of more than 1,150...

Retail Sales were better than expected in September, and the numbers for August were revised significantly higher. Total retail sales rose 0.6%, better than the 0.4% consensus expectation and are up 7.3% from a year ago. August was revised up from 0.4% growth to 0.7% growth, which makes the overall...

CVS/pharmacy (NYSE: CVS) today announced agreements with the U.S. Drug Enforcement Administration (DEA) and the U.S. Attorneys' Offices for the Central District of California and the District of Nevada to settle allegations that in 2007 and 2008 certain CVS/pharmacy stores in California and Nevada...

The CVS/Caremark Corp. (NYSE: CVS) analyst meeting disappointed investors as PBM net wins ex-Aetna only grew to $400 mn and 2011 EPS expectations were reduced. Morgan Stanley was encouraged by the company's long-term focus on returning free cash flow to shareholders and growing ROIC. However, the...

Subsequent to the announcement of Walgreen's (WAG) fourth quarter and fiscal 2010 results on September 28, 2010, majority of the analysts have raised their estimates for the forthcoming period. Previous Quarter Highlights Walgreen reported an EPS of $0.49 in the fourth quarter of fiscal 2010,...

CVS Caremark Corporation (NYSE: CVS) announced today that it has appointed Jonathan C. Roberts as Chief Operating Officer of its pharmacy benefit management business. Roberts, who is currently Executive Vice President, Rx Purchasing, Pricing and Network Relations, will now also assume the...

Citigroup has published a research report in anticipation of CVS Caremark Corporation's (NYSE: CVS) 2010 Analyst Day. In the report, Citigroup writes "CVS' new PBM marketing message is resonating well during the 2011 selling season and we believe CVS has had a good year in terms of renewals and new...

(TheStreet) -- Retail stocks are rallying on positive ISM data and Bank of Japan's move to cut its overnight call rate. The positive economic news is sending the S&P Retail Index up 1.6% to 461.52, along with the broader market. Retailers are set to report September same-store sales on Thursday...

In a report released today, analysts at Jefferies upgraded shares of Walgreen Co. (NYSE: WAG) from Hold to Buy with a $45.00 price target. The previous price target for the stock was $29, so this is a big jump. The analysts wrote, "Improving CCR execution, the potential for a better overall flu...

JP Morgan has published a research report for CVS Caremark Corporation (NYSE: CVS) in anticipation of the company's Analyst Day this Friday, October 8. In the report, JP Morgan writes "We don't believe the Walgreen Company (NYSE: WAG) dispute materially impacted the selling season, and that the...

Walgreens (NYSE: WAG)(NASDAQ: WAG) had September sales of $5.64 billion, an increase of 5.3 percent from $5.36 billion for the same month in fiscal 2010. Duane Reade stores, acquired in April 2010, contributed 2.8 percentage points to the total sales increase for the month. Sales in comparable...