Wal-Mart cuts generic drug prices to $4 in Florida
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Wal-Mart Stores Inc. on Thursday said   it would slash prices on nearly 300 generic prescription drugs   to $4 starting in the Tampa, Florida, area and plans to expand   the plan to all of Florida in January.
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ORLANDO, Florida  - Wal-Mart Stores Inc. will expand a program offering generic drugs for $4 per prescription throughout Florida on Friday, and may bring the program to other U.S. states before the end of the year, the retailer said on Thursday.
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Wal-Mart Stores Inc.'s plan to sell   some generic drugs for just $4 should not impact leading U.S.   drugstores Walgreen Co. and CVS Corp. as much as initially   feared, analysts said on Friday.
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Wal-Mart, the world's largest retailer, plans to slash the prices of almost 300 generic prescription drugs, offering a big lure for bargain-seeking customers and presenting a challenge to competing pharmacy chains and makers of generic drugs.
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TAMPA, Florida  - Wal-Mart Stores Inc. WMT.N,   the world's largest retailer, said on Thursday it would cut the   prices of nearly 300 generic drugs to $4 per prescription   starting in the retirement haven of Tampa, Florida.
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Wal-Mart Stores Inc. on Thursday said it would speed up the expansion of a program offering a variety of generic drugs for $4 per prescription to the rest of Florida beginning October 6.
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Kmart said on Wednesday that it is adding more than 70 new generic medications to its discount drug program, including generic forms of Zoloft and Zocor, which are not offered under a similar plan at Wal-Mart.
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Wal-Mart Stores Inc. said  on Thursday that just six months after completing the roll-out  of its $4 generic prescription drug program, 37.8 percent of  all prescriptions it fills are $4 prescriptions.
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ORLANDO, Florida  - Wal-Mart Stores Inc. will expand a program offering some generic drugs for $4 per prescription throughout Florida on Friday, and may bring the deal to other U.S. states before the end of the year, the retailer said on Thursday.
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Wal-Mart Stores Inc., said on Thursday   it would cut the price of nearly 300 generic drugs to $4 per   prescription starting in the retirement haven of Tampa,   Florida.
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The retailer will sell a month's supply of 300 generic pharmaceuticals for just $4 to both employees and consumers, including those who do not have health insurance
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Walgreen Co.  on Monday posted a 9.3 percent rise in sales at stores open at least a year in November as sales of prescription medications rose despite the $4 generic plan in place at Wal-Mart Stores Inc.  and other low-priced chains.
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U.S. stocks edged lower on Thursday,   dragged down by drug store shares after Wal-Mart Stores Inc.   WMT.N announced it was slashing prices of generic drugs in   Florida.
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Kmart said on Wednesday that it is  adding more than 70 new generic medications to its program that  offers a 90-day supply of certain generic drugs for $15,  including some not offered under a similar plan at Wal-Mart.
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Two months into Wal-MartÂs drug program, it is unclear whether offering $4 generic drugs is drawing new customers into the companyÂs stores.
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Wal-Mart Stores Inc. , said on  Thursday it would cut the price of nearly 300 generic drugs to  $4 per prescription starting in the retirement haven of Tampa,  Florida.
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Wal-Mart Stores Inc. WMT.N, the No.  1 U.S. retailer, on Tuesday signaled it will cut prices through  Christmas after holding back deep discounts on the first  weekend of the holiday shopping season.