Channel: Drug

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  1. Channel: Drug
WOONSOCKET, R.I. — CVS Health and Aetna are joining forces to offer The Aetna Connected Plan with CVS Health, described as a first-of-its-kind plan designed to help members access health care when and where they need it, at a lower cost than a traditional plan. CVS Health – Lansdale, PA The plan — available in […]
  1. Trends & External Forces
WOONSOCKET, R.I. — CVS Health has hired Dr. Joneigh Khaldun as its vice president and chief health equity officer.  She will report to Dr. Kyu Rhee, senior vice president and Aetna chief medical officer. Dr. Joneigh Khaldun Dr. Khaldun will lead the strategy to advance health equity for patients, members, providers, customers, and communities served […]
  1. Channel: Drug
Walgreens Health is a new division of Walgreens Boots Alliance that will focus on delivering medical care and testing. CEO Roz Brewer said the new focus will “transform us away from retail and just dispensing pharmaceuticals. It will be about the lives that we manage, and the lives that we touch and the lives that […]
  1. Channel: Drug
Walgreens Boots Alliance Inc. reported fourth-quarter earnings and sales beat expectations amid a surge in COVID-16 vaccinations that saw it administer 13.5 million vaccines, nearly double what it expected. The drug store giant also said it is making a $5.2 billion investment in VillageMd, giving it a majority ownership stake that will help it accelerate plans to open […]
  1. Channel: Drug
DEERFIELD, Ill. —  Walgreens Boots Alliance (WBA) has agreed to make an additional investment in VillageMD to advance its strategic position in the delivery of value-based primary care, a $1 trillion, fast-growing segment of the health care system. The companies said on Thursday that the $5.2 billion investment will accelerate the opening of at least […]
  1. Channel: Drug
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) on Thursday announced a new long-term growth strategy based on delivering consumer-centric health care. As part of that effort, the company is launching a new business segment, Walgreens Health, that is enabled by investments in VillageMD and CareCentrix and designed to accelerate the company’s capabilities in primary care, […]
  1. Channel: Drug
DEERFIELD, Ill. & CHICAGO–(BUSINESS WIRE)—- $WBA–WBA and VillageMD announced that WBA has agreed to make an additional investment in VillageMD to advance its delivery of value-based primary care.
  1. Channel: Drug
Walgreens is planning to close five drugstores in San Francisco after determining that it could not operate them profitably due to rampant shoplifting at the locations. Organized retail crime continues to be a challenge facing retailers across San Francisco, and we are not immune to that,” Walgreens spokesperson Phil Caruso said. “Retail theft across our […]
  1. Associates & Employees
by Kevin Coupe There was a confluence of stories yesterday that revolved around the same issue… The Washington Post had another story about how “warehouse jobs were supposed to be the future of the retail industry, offering opportunities for displaced employees and reshaping the American workforce. Amazon, Target, Walmart and other companies pledged to create […]
  1. Channel: Grocery
In new testimony yesterday at the criminal fraud trial of Theranos founder Elizabeth Holmes, former Safeway CEO Steven Burd said that the company did at least 100 hours of due diligence before signing a deal worth close to $400 million that would’ve put Theranos blood testing machines in almost a thousand Safeway stores. CNBC reports […]
  1. Channel: Drug
Walgreens Boots Alliance has made two key executive leadership positions as new CEO Roz Brewer continues to put her stamp on the global chain. The company appointed Holly May as executive VP and global chief human resources officer, and Anita Allemand to the newly created role of chief transformation and integration officer. Both will report to Brewer — […]
  1. Channel: Drug
DEERFIELD, Ill. — Walgreens Boots Alliance has filled two key executive leadership positions, the company said on Tuesday. Holly May was appointed executive vice president and global chief human resources officer and Anita Allemand was appointed chief transformation and integration officer. May and Allemand will both report to WBA CEO Roz Brewer, as members of […]
  1. Channel: Drug
CAMP HILL, Pa. — Rite Aid Corp., whose corporate associates have been successfully working remotely since the early days of the pandemic, plans to embrace a remote-first approach going forward. The company plans to establish an official headquarters in Philadelphia designed specifically for in-person collaboration and company gatherings, rather than for office spaces. Additionally, planned […]
  1. Corporate Strategy
WASHINGTON — The National Retail Federation will recognize Target chairman and chief executive officer Brian Cornell with its The Visionary award, which will be presented during the seventh annual NRF Foundation Honors event in New York City. CVS Pharmacy president Neela Montgomery will also be honored as one of the People Shaping Retail’s Future 2022. […]
  1. RetailWit QuickWit
WitsNotes Volume 4 takes us to a new frontier of Marketing. Title: Re-invented Marketing: A Candid, Myth-busting Interview Author: Rishad Tobaccowala (The talk and his website)  Topic(s): Marketing Length: 1 hour RetailWit Summary: 5 minutes Summary Marketing is in a perilous spot—the cookie is crumbling, privacy will be a competitive advantage, CMO tenure is the […]
  1. CPG: Food
“Is advertising dead in this ecommerce space? … I would venture to say it’s transitioning.” — Eric Heller, founder of Marketplace Ignition and chief knowledge officer of the Amazon Center of Excellence at WPP Retail media ad spend will increase an estimated 27.8% this year, amounting to nearly $24 billion brand dollars flowing to retailers. […]
  1. Channel: Drug
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA), in collaboration with Vitamin Angels,  announced on Friday that more than 300 million women and children around the world have received life-changing vitamins and minerals through their eight-year partnership. The two also announced a new goal: Reaching 500 million women and children by the end of August 2025, […]
  1. Channel: Grocery
Steven Burd, who served as Safeway’s CEO between 1993 and 2013, testified yesterday in the criminal trial of Elizabeth Holmes, founder and former CEO of Theranos, saying that a financial commitment by the company of $85 million to the startup was predicated on false information provided by Holmes. CNN reports that Burd “aid he was […]

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  1. RetailWit QuickWit
Albertsons posts Q2 earnings beat. ID sales +1.5% (2 year stacked: 15.3%); digital sales +5% (2 year stacked: +248%). They announced a strong quarterly dividend of 20% and raised FY2021 outlook.  Gross profit margin decreased 28.6% (fuel, inflation, supply chain costs). Albertsons spoke to their transformation strategy and, specifically, called out modernizing their technical infrastructure […]

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