Wal-Mart expands pharmacy strategy
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On its face, the expansion yesterday of Wal-Mart's generic drug program seemed only incremental. The company added seven new compounds to the list of drugs it sells for $4.
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Wal-Mart Stores Inc said on Tuesday it is expanding the number of health care plans it will offer its 1.3 million U.S. employees, including adding health care credits and $4 monthly prescriptions for any of 2,400 generic drugs.
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Wal-Mart Stores will make its $4 generic prescription plan available in 11 more states, expanding the program to all of its 3,810 pharmacies nationwide.
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Wal-Mart is adding $4 generic drugs to its health insurance plans and offering lower premiums and deductibles, the third consecutive year of changes to the employee health benefits that unions have criticized.
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LITTLE ROCK, Ark. - Wal-Mart Stores Inc., the world&#39;s largest retailer, reported a 12.7 percent increase in its third-quarter earnings.
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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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Wal-Mart shares surge on capital reallocation plan that slows expansion.
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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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Wal-Mart Stores said today that it would rapidly expand the financial services offered in its stores, extending the reach of its retailing empire into the bank accounts of its shoppers.
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Wal-Mart reported a better-than-expected 9.8 percent increase in fourth-quarter profit yesterday, helped by new strategy and cost-control measures at its flagship U.S. stores division.
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-- Wal-Mart Stores Inc. is expanding its national $4 generic prescription drug program by about 10 percent, adding drugs for some new conditions.
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-- Wal-Mart Stores Inc., the world's largest retailer, said Tuesday its renewed focus on low prices paid off with a 4 percent rise in profit for its fourth quarter as holiday shoppers bought discounted groceries and home electronics as well as health and wellness products.
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Wal-Mart is expanding its financial services, offering check cashing and money orders along with a new prepaid debit card in its ongoing effort to persuade shoppers to spend more time and money in its stores.
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Wal-Mart said it would add about six new compounds, including generic versions of the heart medication Coreg and the anti-fungal drug Lamisil, to the $4 program.
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Wal-Mart has shrugged off growing opposition to its dominance of the US retail market by announcing plans for another 500 stores in 2005.
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Wal-Mart Stores Inc  said on Wednesday it would increase technology activities in India, as it seeks to expand its remote sourcing model.
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Wal-Mart Stores Inc said on Tuesday it  is expanding the number of health care plans it will offer its  1.3 million U.S. employees, including adding health care  credits and $4 monthly prescriptions for any of 2,400 generic  drugs.