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Tom Ryan

BY CSA STAFF

The business of retail pharmacy has undergone dramatic changes in recent years and CVS Caremark Corp., under the leadership of chief executive Tom Ryan, has emerged as one of the industry’s most powerful, well-positioned players. A pharmacist at heart (and by training), Ryan, 54, has a friendly, down-to-earth manner. He also has some of the best instincts in the industry, with a knack for seamlessly integrating acquired companies—from mom-and-pop one-offs to chain competitors—into the CVS portfolio.

Since taking the helm at CVS in 1998, Ryan has expanded the company more than 50%, to more than 6,000 stores coast to coast. What’s more, with the purchase of retail health-clinic operator MinuteClinic and pharmacy-benefit-management and mail-order giant Caremark, he has created a health-care empire, transforming CVS into the nation’s leading integrated pharmacy-services provider.

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Borders to offer free resolution workshops

BY CSA STAFF

ANN ARBOR, Mich. Borders said Thursday that it is offering customers free in store events throughout the month of January to help them kick start their new year’s resolutions and learn how to keep them through the year. Programs include wellness fairs, yoga classes and diet seminars.

Borders reported that local organizations and community groups will be featured in activities and events at its stores across the country ranging from fitness centers and hospitals to singles groups and retirement centers.

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Schulze sells 440K shares of company stock

BY CSA STAFF

MINNEAPOLIS Best Buy chairman and founder Richard Schulze sold 440,000 shares of Best Buy stock last week valued at $22.4 million. Schulze sold the stock at prices ranging from $50.71 to $51.18 per share. Earlier this month, Schulze sold 2.35 million shares valued at more than $120 million.

While Schulze’s stock sales are considerable, they represent just a fraction of his holdings at Best Buy. He’s estimated to still hold more than 68 million shares of stock amassed during 41 years with the company.

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