News

SILVER SPRING, Md. — The Food and Drug Administration has launched an interactive map that allows users to find licensed online pharmacies by searching through states' board of pharmacy databases.

The site, BeSafeRx, is designed to help users distinguish between legitimate pharmacies and fake ones, noting that fake pharmacies will often use various means to appear legitimate. "If you cannot confirm that an online pharmacy is licensed in the United States, you should not use that online pharmacy," the site states.

Fort Worth, Texas -- RadioShack Corp. on Tuesday reported a bigger-than-expected first quarter loss on weak sales of wireless phone contracts. The company also reported that it is updating its brand and will begin remodeling select locations with a new look and feel over the next few weeks.

Joseph C. Magnacca, a former Walgreens executive who became CEO of RadioShack in February, remarked on the initial priorities and initiatives underway. Last week, he named a new chief marketing officer and a new SVP store concepts.

CHICAGO — Groupon has unveiled new versions of the iPhone and Android apps that helped make it a global e-commerce leader. 

Search is a critical part of Groupon’s product strategy. Most Groupon merchants make their deals available on an ongoing basis, and search allows customers to find only the deals most relevant to them in this expanded marketplace. In iPhone v.2.5 search is prominent with a clickable icon that allows customers to navigate from anywhere in the app.

GREENSBORO, N.C. — Wrangler has drafted New Orleans Saints quarterback Drew Brees to endorse its denim brand.

One of the most decorated and respected quarterbacks in the NFL, Brees joins Dale Earnhardt Jr. and Brett Favre as brand ambassadors. He will be featured in upcoming marketing campaigns, scheduled to launch in August.

Tacoma, Wash.-based Tacoma Screw Products is turning to e-commerce to reach more customers with the launch of a new Web store.

TacomaScrew.com offers access to all of the company’s inventory, as well as free shipping and next-door delivery (in most cases) to any of the 16 branch store locations. The company says the site also offers the ability to see real-time inventory at all branch stores.

Orders are shipped on the same day, if the order is received by 4 p.m. PST.

BOSTON, Mass. — Consensus and the world’s largest exchange company, NASDAQ OMX Group, have announced keynote speakers, presenters and special presentations for the third annual Next Great Consumer Brands Conference to be held May 1 at the NASDAQ MarketSite in Times Square, N.Y.

New York -- Wal-Mart Stores CEO Mike Duke received pay package in 2012 worth $20.7 million, up 14% from the previous year, according to an Associated Press analysis of a regulatory filing Monday. Duke's performance-based cash bonus jumped more than 50%.

In the regulatory filing, Wal-Mart said that starting this year, it will tie some of Duke's compensation, along with that of other top executives, to the company's success in strengthening its compliance controls. Traditionally, compensation has been based on financial measures.

ANN ARBOR, Mich. — Retail Velocity and SAP Applications have expanded their partnership to develop and launch the Velocity Demand Data Streaming Service, which will integrate data streams from retailers and distributors and show manufacturers the impact consumers have on the supply chain.