Channel: Drug Walgreens shutters 10 Florida clinics [[“value”:”The closures are part of the retailer’s plan to cut $600 million in capital spending”]] Supermarket News December 7, 2023December 7, 2023 < 1 min read WalgreensResults & Investment 0 Saving Bookmark this article Bookmarked
Channel: Drug Your Views: We All Deserve A Break Today Lots or response to yesterday’s FaceTime, in which I went to McDonald’s to road test the supposedly new-and-improved burgers that have been seven years in the making. MNB reader Barbara Watters wrote: Love the morning FaceTimes. Your McDonald’s segment had me remembering my recent Big Mac a few weeks ago. Blah and bleg. The flavor […] MorningNewsBeat December 7, 2023December 7, 2023 10 min read Dept. PharmacyCVSDept. GroceryAssociatesRestaurantsBrick and MortarHealth & WellnessShoppersDeliveryHoliday & EventsTechnology & InnovationWalmartDept. OTCWeatherPredictions and ForecastsDept. FreshReturnsOperations & Supply ChainWalgreensLegal & CriminalNestlePartnershipsPricing & PromotionsGrubhubEconomyStore LocationFood DeliveryDept. DairyCoca ColaDept. PaperDept. Adult BevResults & Investment 0 Saving Bookmark this article Bookmarked
Channel: Drug What CVS Pharmacy’s New Cost-Plus Reimbursement Approach Means for PBMs, Pharmacies, Plan Sponsors, and Prescription Prices Is the world ready for new ways to price pharmacy and pharmacy benefit manager (PBM) services? CVS Health thinks so, as evidenced by two new initiatives that it announced yesterday. Below you’ll find details and links to source documents. I commend CVS Health for attempting to address key economic challenges facing the retail pharmacy industry […] Drug Channels December 6, 2023December 6, 2023 3 min read CVSDept. PharmacyPredictions and ForecastsMarketing: Social MediaHealth & WellnessData & InsightsConsultingWalgreensMeta (Facebook)Economy 0 Saving Bookmark this article Bookmarked
Channel: Drug CVS Says It Wants To Simplify Prescription Drug Pricing The Wall Street Journal reports that CVS Health plans to “move away from the complex formulas used to set the prices of the prescription drugs it sells, shifting to a simpler model that could upend how American pharmacies are paid.” The goal, the story says, is to have “CVS’s roughly 9,500 retail pharmacies … reimbursed […] MorningNewsBeat December 5, 2023December 5, 2023 2 min read CVSDept. PharmacyPredictions and ForecastsOperations & Supply ChainHealth & WellnessEconomy 0 Saving Bookmark this article Bookmarked
Channel: Drug Drug Wholesalers and Brand-Name Drug Prices: Understanding CVS Health/McKesson and Why Pharmacies Lose Money on GLP-1s Consider two apparently unrelated drug channel anomalies: In McKesson’s 2023 fiscal year, CVS bought $75 billion in pharmaceuticals from McKesson’s wholesale business—a jump of more than 35% compared with the previous year. Despite skyrocketing sales for anti-obesity GLP-1 drugs, many retail pharmacies are losing money on every prescription. The common factor behind these two disparate […] Drug Channels December 5, 2023December 5, 2023 2 min read CVSHealth & WellnessMarketing: Social MediaPredictions and ForecastsEconomyData & InsightsConsultingMeta (Facebook)Dept. Pharmacy 0 Saving Bookmark this article Bookmarked
Channel: Drug CVS Launches Programs to Add Transparency to Prescription Pricing CVS Health will launch a new model for pharmacy reimbursements designed to bring greater transparency and simplicity to the system. CVS CostVantage, which the company plans to launch in 2025, will define the drug cost and related reimbursement with contracted pharmacy benefit managers (PBMs) and payors, using a transparent formula built on the cost of […] Retail TouchPoints December 5, 2023December 7, 2023 2 min read Health & WellnessCVSDept. PharmacyConsumersWalgreensAcquisitionPredictions and ForecastsShoppersMarketing: Social MediaDept. HBCAmazonPricing & PromotionsExecutivesBest BuyTechnology & InnovationSustainabilityMarketing: TradePartnershipsDelivery 0 Saving Bookmark this article Bookmarked
Channel: Drug Two more Ohio CVS stores face scrutiny over pharmacy violations [[“value”:”A state board is investing working conditions”]] Supermarket News December 5, 2023December 5, 2023 < 1 min read Dept. PharmacyCVSBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens Launches Rx Savings Finder tool, navigates prescription medications [[“value”:”The tool finds free, third-party discount cards”]] Supermarket News December 2, 2023December 2, 2023 < 1 min read Walgreens 0 Saving Bookmark this article Bookmarked
Channel: Drug SN Top 10: Target, Publix, Walgreens top the week's headlines [[“value”:”In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was 5 things: The fall of the retail pharmacist. Pharmacists across the U.S. have decided they’ve reached a breaking point. Many say they are now doing”]] Supermarket News November 27, 2023November 27, 2023 < 1 min read WalgreensTargetRegional GroceryPublix 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens stores to close for Thanksgiving for the first time ever [[“value”:”The move comes on the heels of a turbulent time for the retailer”]] Supermarket News November 24, 2023November 24, 2023 < 1 min read WalgreensHoliday & EventsBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens Pivots To Store-Based Home Delivery The Wall Street Journal reports that “Walgreens Boots Alliance is betting its 8,700 bricks-and-mortar stores, and not a network of fulfillment centers, hold the key to speeding up delivery of online consumer orders and increasing sales. “The pharmacy giant recently closed a warehouse in Edwardsville, Ill., dedicated to filling e-commerce orders for household items such […] MorningNewsBeat November 21, 2023November 21, 2023 2 min read WalgreensDeliveryBrick and MortarOperations & Supply ChainHealth & WellnessDept. PharmacyCVSMarketing: In StoreTargetStrategyDoorDashWalmartFood DeliveryEconomyDept. NonfoodConsumersAssociates 0 Saving Bookmark this article Bookmarked
Channel: Drug Your Views: Expenses vs. Contributions Got the following email from an MNB reader: Amazon’s recent announcement to cut “several hundred jobs from its Alexa division” and “place more attention on AI business” makes me wonder why the employees were being cut. Was their skill set so narrow they couldn’t be trained to perform the AI work? Will Amazon use a third […] MorningNewsBeat November 21, 2023November 21, 2023 2 min read Technology & InnovationAIAmazonBrick and MortarMarketing: VoiceAssociatesCVSHealth & WellnessEconomy 0 Saving Bookmark this article Bookmarked
Channel: Drug SN Top 10: Walgreens, Giant Eagle, Kroger top the week’s headlines [[“value”:”These were the stories you couldn’t get enough of”]] Supermarket News November 20, 2023November 20, 2023 < 1 min read WalgreensRegional GroceryKrogerGiant Eagle 0 Saving Bookmark this article Bookmarked
Channel: Drug Rite Aid moves to block opioid lawsuit during bankruptcy [[“value”:”The suit accuses Rite Aid of illegally processing hundreds of thousands of prescriptions for opioid medications”]] Supermarket News November 17, 2023November 17, 2023 < 1 min read Rite AidLegal & CriminalBankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens loses chief human resources officer [[“value”:”This is the latest in a string of top-level departures for the pharmacy giant”]] Supermarket News November 17, 2023November 17, 2023 < 1 min read WalgreensDept. Pharmacy 0 Saving Bookmark this article Bookmarked
Channel: Drug Study: Retail Personalization Winners (& Why) dunnhumby has released a special edition of the dunnhumby Retailer Preference Index (RPI), this one “designed to determine which retailers in the $1 trillion U.S. grocery market personalize the shopping experience best for their customers.” The winner is: Amazon. H-E-B and Kroger came in second and third. According to the report, “These three retailers are […] MorningNewsBeat November 15, 2023November 15, 2023 3 min read ShoppersRegional GroceryMarketing: Direct & PersonalizationAmazonTargetKrogerHEBData & InsightsMerchandisingdunnhumbyInsight ProvidersMarketing: Retail MediaBig DataMarketing: Loyalty & SubscriptionGiant EagleWegmansWalgreensLidlAldiMeijerSoutheastern GrocersWakefernDept. GroceryMarketing: In StoreGrocery OutletBrick and MortarCostcoCVSDeliveryAhold Delhaize 0 Saving Bookmark this article Bookmarked
Channel: Drug Medicare Part D in 2024: Mapping Large Chains’ Position in 2024’s Preferred Pharmacy Networks In Medicare Part D in 2024: The Seven Largest Companies’ Preferred Pharmacy Networks and the Coming Collapse of the PDP Market, I documented how those networks now dominate stand-alone Medicare Part D prescription drug plans (PDPs) and have become a major presence in Medicare Advantage prescription drug (MA-PD) plans. Today, I examine the seven largest […] Drug Channels November 15, 2023November 15, 2023 2 min read Predictions and ForecastsDept. PharmacyData & InsightsMarketing: Social MediaConsultingWalmartRite AidMeta (Facebook)Marketing: In StoreAssociates 0 Saving Bookmark this article Bookmarked
Channel: Drug What you think about: Walgreens eliminating bonuses [[“value”:”We asked about Walgreens’ plan to eliminate bonuses for corporate staff and reduce bonuses for pharmacy and store managers: Here are your thoughts”]] Supermarket News November 15, 2023November 15, 2023 < 1 min read WalgreensDept. PharmacyAssociates 0 Saving Bookmark this article Bookmarked
Channel: Drug Your Views: Missed Target, Business Lessons & Oreo Ice Cream Cakes Yesterday, when commenting about a Wall Street Journal story about Target’s challenges, I wrote: Granted, I’ve hardly scratched the surface when it comes to visiting Target stores, but for me, the flavor that overwhelmingly comes to mind when I think about them is vanilla. They’re okay, but just okay, and just okay isn’t enough these […] MorningNewsBeat November 14, 2023November 14, 2023 6 min read TargetMondelezDept. BakeryDept. FrozenAssociatesCVSDept. GroceryBrick and MortarShoppersTech: CashierlessPartnershipsCustomer ExperienceWalmartDept. FreshDept. PharmacyCOVID19Marketing: In StoreMarketing: TradeDeliveryHealth & WellnessEconomyMarketing: BroadcastMerchandisingOperations & Supply ChainStrategyDept. PerimeterAmazon 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens Cuts 5% of Corporate Workforce in Streamlining Bid Walgreens Boots Alliance (WBA) will cut 267 jobs — 5% of its corporate workforce — in a move to “streamline our operations and focus on our critical priorities,” according to a Walgreens spokesperson, who noted that “none of these roles are based at our stores.” These latest cuts follow a 10% reduction in Walgreens’ corporate […] Retail TouchPoints November 14, 2023November 16, 2023 < 1 min read WalgreensAssociatesOperations & Supply ChainBrick and MortarExecutivesMergersMarketing: Social MediaRite AidResults & InvestmentOmnichannelLegal & CriminalInternational - UKHealth & Wellness 0 Saving Bookmark this article Bookmarked
Channel: Drug SN Top 10: Rite Aid, Walgreens, California’s Northgate Markets top the week's headlines [[“value”:”In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was Rite Aid closing additional stores in Chapter 11 filing. Rite Aid has added more store closings as part of its Chapter 11 bankruptcy filing, reports Geo”]] Supermarket News November 13, 2023November 13, 2023 < 1 min read WalgreensRite AidBankruptcyBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Drug 5 things: Can Rite Aid recover? [[“value”:”Here’s 5 things you may have missed in grocery”]] Supermarket News November 12, 2023November 12, 2023 < 1 min read Rite Aid 0 Saving Bookmark this article Bookmarked
Channel: Drug SN Top 10: Kroger, CVS, Walgreens top the week's headlines [[“value”:”In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was Kroger, Albertsons sound off on negative comments over pending merger. A recent listening session about the pending Kroger, Albertsons merger was f”]] Supermarket News November 12, 2023November 12, 2023 < 1 min read WalgreensKrogerCVSRegional GroceryMergersAlbertsons / Safeway 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens lays off 5% of corporate workforce [[“value”:”The company’s chief medical officer is also exiting — the latest in a C-suite overhaul that has seen the departure of its CEO, CFO and CIO this year. “]] RetailDive November 12, 2023November 12, 2023 < 1 min read WalgreensExecutivesAssociates 0 Saving Bookmark this article Bookmarked
Channel: Drug Union Looks To Organize Retail Pharmacy Personnel CNBC reports that “the organizers of a recent retail pharmacy staff walkout are helping to launch a national push to organize those employees … a potential step to wide-scale unionization of thousands of pharmacists and technicians across the U.S. for the first time. “A new partnership between the organizers and IAM Healthcare – a union […] MorningNewsBeat November 10, 2023November 10, 2023 2 min read AssociatesDept. PharmacyWalgreensHealth & WellnessCVSShoppersPartnershipsMarketing: Social MediaKrogerESG and CSRBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens Boots Alliance Sells Shares of Cencora, Inc. for $674 Million of Initial Proceeds DEERFIELD, Ill.–(BUSINESS WIRE)–Walgreens Boots Alliance, Inc. (Nasdaq: WBA) (the “Company”) today announced that it has sold shares of Cencora, Inc. (NYSE: COR) (“Cencora”) common stock pursuant to variable prepaid forward transactions executed in reliance on Rule 144 under the Securities Act of 1933, as amended, for current proceeds of approximately $424 million and, depending on […] BusinessWire - Retail November 10, 2023November 16, 2023 < 1 min read Walgreens 0 Saving Bookmark this article Bookmarked
Channel: Drug Best Buy Health Partners with Leading Hospital to Support In-Home Care In collaboration with Boston’s Mass General Brigham hospital, Best Buy Health will support an expanded home-based health care delivery model designed to improve how safe, quality care can be provided with technology and clinical expertise. The partners’ first priority is to scale and support Mass General Brigham’s Home Hospital, which will expand access to Massachusetts […] Retail TouchPoints November 9, 2023November 9, 2023 2 min read Health & WellnessTechnology & InnovationBest BuyDept. HBCPartnershipsInstacartWalmartCVSDeliveryDept. GroceryDept. NonfoodMarketing: Loyalty & SubscriptionMarketing: Social MediaMergersDept. PharmacyOperations & Supply ChainPredictions and ForecastsPricing & PromotionsMarketing: BrandAmazon 0 Saving Bookmark this article Bookmarked
Channel: Drug DoorDash adds HSA and FSA payment capability [[“value”:” DoorDash has enabled payment options for both HSA (Health Savings Account) and FSA (Flexible Spending Accounts) to pay for eligible items at select merchants on the delivery company’s app. Consumers can use their HSA and FSA funds to pay for over 30,000 HSA/FSA-eligible products on DoorDash including select over-the-counter (OTC) medicine, COVID-19 […] Supermarket News November 8, 2023November 8, 2023 < 1 min read DoorDashFood DeliveryConsumersRegional GroceryAlbertsons / SafewayHy-VeeAssociatesCOVID19WalgreensHealth & WellnessSoutheastern GrocersRite AidDept. OTCMeijerDollar GeneralDept. HBCDeliveryCVS7-Eleven & Speedway 0 Saving Bookmark this article Bookmarked
Channel: Drug Close to 100 Rite Aid leases will be put up for sale [[“value”:”The leases span eight states”]] Supermarket News November 8, 2023November 8, 2023 < 1 min read Rite Aid 0 Saving Bookmark this article Bookmarked
Channel: Drug CVS names new Aetna Medicaid president, Mark Santos [[“value”:” CVS Health has named Mark Santos as president, Aetna Medicaid. The announcement comes on the heels of the pharmacy giant’s third quarter revenue results, revenues that totaled nearly $90 billion, beating overall analyst expectations. Related: CVS revenues up 10.6% in Q3 But CVS stock dipped after the earnings call in part […] Supermarket News November 6, 2023November 6, 2023 < 1 min read CVSHealth & WellnessDept. OTCResults & InvestmentStrategyDept. PharmacyExecutivesGovernmentAssociatesDept. NonfoodOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Channel: Drug NRF Retracts Claim that Organized Retail Crime Accounted for ‘Nearly Half’ of Retail Shrink The National Retail Federation (NRF) has updated a report that had attributed “nearly half” of 2021’s $94.5 billion in retail shrink to organized retail crime, saying the data point was part of two-year-old testimony to a U.S. Senate committee by Ben Dugan, former President of the Organized Retail Crime Resource Center. The NRF report was […] Written by Retail TouchPoints December 7, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Channel: Drug Walmart’s hiring and wage pressures have eased, CEO says Walmart CEO Doug McMillon also said artificial intelligence is changing employees’ roles across stores and in warehouses. Written by CNBC December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Channel: Drug Regional grocers’ e-commerce sales slip in Q3, research finds The drop is due to a higher rate of lapsed shoppers who have either gone back to in-store buying or switched to a competitor’s online services, a new Brick Meets Click and Mercatus report found. Written by Grocery Dive December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Channel: Drug Walmart CEO says consumers may not be as resilient next year, even as deflation starts to show In a CNBC interview, Walmart CEO Doug McMillon said the discounter is gearing up for a year when it faces tougher comparisons because of falling prices. Written by CNBC December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Channel: Drug DoorDash named one of Fortune’s Future 50 Companies The delivery company made the list out of 1,000 publicly traded companies that were considered Written by Supermarket News December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked