Channel: Drug

Articles about the drug channel.

  1. Channel: Drug

New Chicago Walgreens Built to Deter Theft

Fox News reports on a new Walgreens store in Chicago’s South Loop that has “been redesigned to allow customers to browse only two aisles of products – after they pass through anti-theft detectors. “The changes at the store on 2 E. Roosevelt Road in the South Loop area put most of the merchandise in aisles behind staffed […]
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  1. Channel: Drug

Walmart, Amazon Top Fortune 500 List

Fortune is out with its 2023 Fortune 500 list, ands for the 11th year in a row, Walmart is at the top of the list.  Amazon takes the second spot for the consecutive year. Making up the balance of the top 10:  Exxon Mobil, Apple, UnitedHealth Group, CVS Health, Berkshire Hathaway, Alphabet, McKesson, and Chevron. […]
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  1. Channel: Drug

Industry mourns Harvey Alstodt

NEW YORK — Harvey Alstodt, an executive who played a key role in the success of Del Laboratories’ beauty products for more than two decades, passed away on June 3 at the age of 83 following a prolonged illness. Alstodt, renowned for his contributions to the beauty industry, joined Del Laboratories in 1985 after leaving […]
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  1. Channel: Drug

CVS Pharmacy launches home vitamin dispensing system

WOONSOCKET, R.I. — CVS Pharmacy announced the launch of its CVS Health QuickServe Vitamin Dispensing System, an easy-to-assemble vitamin dispenser that holds a 30-day supply of select CVS Health vitamins and supplements. Its sleek countertop design promotes “vitaminimalism” — the simplification of vitamin and supplement routines, eliminating the clutter of pill bottles and keeping vitamins and supplements front and […]
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  1. Channel: Drug

Rite Aid rolls out RYSHI beauty and personal care essentials

PHILADELPHIA — Rite Aid announced the launch of RYSHI – its exclusive collection of clean beauty and personal care essentials. Spanning across multiple categories, RYSHI products offer better-for-you ingredients at an accessible price point so customers can conveniently build their beauty toolkit at their neighborhood Rite Aid. The full collection offers a vast range of […]
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  1. Channel: Drug

Walgreens to lay off 10% of its corporate staff

DEERFIELD, Ill. — Walgreens said this week that it will cut more than 500 jobs, most of them at the company’s Deerfield headquarters and its Chicago office. About 504 employees — or about 10% of the corporate staff — will be laid off, Walgreens spokesman Marty Maloney confirmed, adding that the cuts will not impact […]
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  1. Channel: Drug

Five (or Maybe Six?) Reasons that the Largest PBMs Operate Group Purchasing Organizations

In The Top Pharmacy Benefit Managers of 2022: Market Share and Trends for the Biggest Companies, I shared Drug Channels Institute’s analysis showing that three pharmacy benefit managers (PBMs)—the Caremark business of CVS Health, the Express Scripts business of Cigna, and the OptumRx business of UnitedHealth Group—accounted for about 80% of total equivalent prescription claims […]
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  1. Channel: Drug

Lawsuit Challenges Use Of AI In Job Applicant Interviews

The Boston Globe reports that a class action lawsuit has been filed in Massachusetts against CVS Health, taking issue with the company’s use of AI-assisted technology designed to assess applicants’ honesty and integrity during video interviews. The Globe points out that “it’s illegal for employers in Massachusetts to use a lie detector to screen job […]
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  1. Channel: Drug

CVS exceeds predictions for quarter

WOONSOCKET, R.I. — CVS Health posted first quarter sales and earnings that beat Wall Street forecasts. Revenue for the period through March 31 increased 11% to $85.3 billion, exceeding analysts’ projection of $80.8 billion. Adjusted earnings of $2.20 per share topped the average estimate of $2.09. The company lowered its outlook for the full year, […]
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  1. Channel: Drug

Albertsons names Tom Moriarty EVP, general counsel

BOISE, Idaho — Albertsons Cos. has named Tom Moriarty to be executive vice president and general counsel, effective June 5. Moriarty brings more than 30 years of executive leadership experience to Albertsons Cos., including senior positions across legal, corporate strategy, policy and operations. He joins the Company from CVS Health, where he spent more than […]
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  1. Channel: Drug

CHPA Names head of regulatory & scientific affairs

WASHINGTON – The Consumer Healthcare Products Association (CHPA) has appointed Lisa Parks to serve as its senior vice president of regulatory & scientific affairs. Parks will succeed Barbara Kochanowski, who is retiring in July after nearly four decades of regulatory leadership in the consumer healthcare industry. Parks will begin her work at CHPA on June […]
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  1. Channel: Drug

Target Estimates 2023 Retail Theft Will Hit $1 Billion

CNBC reports that as Target released its quarterly numbers this week, it also pointed out a major drag on earnings – organized retail theft, which was $763 million in 2022 and is projected to be as much as $1 billion this year. The story notes that “organized retail crime has become a hot-button issue in […]
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  1. Channel: Drug

CVS celebrates Beauty Mark initiative’s fifth anniversary

WOONSOCKET, R.I. — Five years ago, CVS Health embarked on a mission to pass a healthier self-image on to the next generation with the introduction of its Beauty Mark initiative – a commitment to lead industry change around transparency in beauty and to educate consumers on the difference between authentic and digitally altered photos. Since […]
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  1. Channel: Drug

CVS Closing its Clinical Trials Arm After 2 Years

Two years after unveiling its clinical trial services in an attempt to reinforce its presence in the world of healthcare, CVS Health is shutting it down, Fierce Healthcare reported Monday. A CVS spokesperson told Fierce Healthcare it routinely reviews its portfolio to ensure its assets are “aligned with our long-term strategic priorities.” The company will wind […]
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  1. Channel: Drug

Mapping the Vertical Integration of Insurers, PBMs, Specialty Pharmacies, and Providers: A May 2023 Update

Yesterday’s reflections on Asembia’s Specialty Pharmacy Summit included a link to the general session slides. My portion of the deck included an updated mapping of vertical integration among insurers, PBMs, specialty pharmacies, and providers within U.S. drug channels. Many readers asked for a standalone version of this infamous chart. So, for your viewing and slide […]
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  1. Channel: Drug

Meet the TRI Q&A: Nick Harbaugh

Get to know RETHINK Retail’s Top Retail Influencers through the “Meet the TRI” Q&A series! Dive in to learn about a member of the thought leader community and follow their work and insights across our content and their social channels. Hi, I’m Nick Harbaugh, VP The Americas at Flexecution, Inc. Connect with me on LinkedIn! […]
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  1. Channel: Drug

CVS Health’s Q1 results beat forecasts

WOONSOCKET, R.I. — CVS Health posted first quarter sales and earnings that topped Wall Street’s forecasts. Revenue for the period ended March 31 rose 11% to $85.3 billion, exceeding analysts’ projected $80.79 billion. Adjusted earnings of $2.20 per share beat the average estimate of $2.09. The strong showing notwithstanding, the company lowered its outlook for […]
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  1. Channel: Drug

Walgreens addressing mental health needs

DEERFIELD, Ill. – In conjunction with Mental Health Awareness Month, Walgreens is addressing the growing need among consumers, and its own team members, for access to mental health resources. As the prevalence of mental health conditions has continued to grow exponentially over the past several years, the population that has been most impacted is young […]
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  1. Channel: Drug

Rite Aid Healthy Futures supports youth mental health

ETTERS, Pa. – Rite Aid Healthy Futures has committed $1.25 million in grant funding to six leading youth mental health organizations, joining the response to a generational crisis that has ravaged communities and highlighted the need for increased investment and attention. Working with and learning from the top leaders in the field of youth mental […]
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  1. Channel: Drug

CVS Health completes acquisition of Oak Street Health

WOONSOCKET, R.I. — CVS Health announced Tuesday that it has completed its acquisition of Oak Street Health. The acquisition will broaden CVS Health’s value-based primary care platform and significantly benefit patients’ long-term health by improving outcomes and reducing costs – particularly for those in underserved communities. On February 8, 2023, CVS Health announced it entered into a […]
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  1. Channel: Drug

Uqora launches urinary tract health line at CVS

SAN DIEGO — Uqora has just launched its line urinary tract health products in over 4,700 CVS stores nationwide and online at CVS.com. The digitally-native brand, a Pharmavite company and a disruptor in the women’s health category, has garnered more than 25,000 5-star reviews since its inception in 2017 and is now expanding its footprint […]
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  1. Channel: Drug

Roxanne Flanagan leaving post at Walgreens

DEERFIELD, Ill. — Roxanne Flanagan, SVP, Chief Supply Officer at Walgreens announced Tuesday on her LinkedIn page that she is leaving the company. She joined Walgreens in 1993. After holding field leadership positions, she moved to the Walgreens corporate office in 2009 to lead pharmacy and retail programs. Roxanne Flanagan   In 2016, Roxanne joined […]
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  1. Channel: Drug

Circana reveals 2022 New Product Pacesetters

CHICAGO – Circana, formerly IRI and The NPD Group, has released its 2022 New Product Pacesetters, the 28th annual report revealing the top new product launches across food and beverage and nonfood sectors. The report illustrates the enduring power of CPG innovation, revealing that consumer spending on new product offerings remained elevated last year despite challenges […]
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  1. Channel: Drug

Walmart Upgrades Its Digital Ad Network

From Advertising Age: “Walmart Connect, which has made huge gains in recent years through digital advertising, is testing ways to bolster in-store pieces of its retail media network. “For the first time, Walmart Connect is selling ads on its revamped in-store radio network and integrating sampling programs with online offerings. While aspects of Walmart Connect’s […]
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  1. Channel: Drug

Giant Eagle launches in-house retail media network Leap

The platform leverages the chain’s loyalty program, bringing personalized ads to shoppers in-store, in-app, on social media and elsewhere, said Damian Scott, who heads up the grocer’s retail media and front-end digital operations. Dive Brief: Giant Eagle announced on Wednesday the debut of Leap Media Group, an in-house retail media arm that leverages the regional […]
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