CVS

  1. Trends & External Forces

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. Department: HBC

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. Trends & External Forces

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. Technology & Innovation

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. Trends & External Forces

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. Corporate Strategy

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. Trends & External Forces

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 […]
3 min read
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  1. Channel: Mass

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. Trends & External Forces

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. Trends & External Forces

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. Data & Insights

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. Media & Marketing

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. Trends & External Forces

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. Acquisitions, Divestitures & Mergers

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. Trends & External Forces

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 […]
2 min read
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  1. Channel: Drug

Sustainable bag pilots running in Denver and Tucson

NEW YORK — National retailers and local mom-and-pop shops across Denver, Colo. and Tucson, Ariz. are participating in the new ‘Bring Your Own Bag’ Pilot, a first-of-its-kind initiative launched by the Consortium to Reinvent the Retail Bag, managed by Closed Loop Partners. Many national brands in the U.S., including Consortium partners CVS Health; Target; DICK’S […]
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  1. Trends & External Forces

CVS Health CEO says ‘tsunami of people’ to hit Medicare

CVS Health Karen Lynch said that her company uses technology to stay connected with consumers and support their health. Ms. Lynch said this is a critical need with an aging population that will see the number of Americans 65 or older more than double over the next 40 years. “There’s like a tsunami of people […]
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  1. Trends & External Forces

CVS Health names Brian Kane president of Aetna

WOONSOCKET, R.I. — CVS Health announced that Brian Kane will join the company as executive vice president and president of Aetna, effective September 1, 2023. He will become a member of the company’s executive leadership team and report to CVS Health president and CEO Karen Lynch. “Brian has a track record of bringing customer-driven innovations […]
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  1. Trends & External Forces

Amazon’s Healthcare Biz:  Customer-Centric, Not Patient-Focused

Interesting interview from CNBC with Nworah Ayogu, chief medical officer and general manager of Amazon Clinic, in which he looks to differentiate the approach that Amazon is taking in its various healthcare initiatives. A key precept, Ayogu says, is moving away from medicine’s traditionally “paternalistic” positioning in which “care can be a thing that we […]
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  1. Trends & External Forces

CVS CEO decries reduced access to maternal health services

CVS Health CEO Karen Lynch says the company is a “strong proponent” of maternal health and is concerned that access may be restricted. “Just look at the numbers with maternal health in America. It is unacceptable that a country of ours is going backwards in maternal health,” Ms. Lynch said. “We need to make sure […]
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  1. Trends & External Forces

CVS Health completes acquisition of Signify Health

WOONSOCKET, R.I. — CVS Health announced on Wednesday that it has completed its acquisition of Signify Health. Signify Health is a leading technology and services company, focused on provider enablement and bringing clinicians into the home to identify chronic conditions, close gaps in care, and address social determinants of health. Signify has a network of […]
2 min read
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  1. Channel: Drug

CVS, Walgreens, and Walmart Keep Position in 2023 Part D Preferred Networks—While Kroger Bails Over its Express Scripts Blowup (rerun)

This week, I’m rerunning some popular posts while I prepare for this Friday’s live video webinar: Discount Cards, Cost-Plus Pharmacies, and PBMs: Trends, Controversies, and Outlook. One follow-up to this rerun: Kroger’s participation as a preferred pharmacy declined significantly due to its Express Scripts relationship. Based on early 2023 enrollment data, Kroger is preferred in […]
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  1. Trends & External Forces

Abortion pill uncertainty hits chains

NEW YORK — Uncertainty continued to swirl around the legality of dispensing the “abortion pill” mifepristone. The threat to criminalize the drug’s distribution led Walgreens to say it would not dispense the pill in 21 states in which Republican attorneys general have threatened legal action over it. Mifepristone was approved for sale in the U.S. […]
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  1. Media & Marketing

The Big Three PBMs’ 2023 Formulary Exclusions: Observations on Insulin, Humira, and Biosimilars (rerun)

This week, I’m rerunning some popular posts while I prepare for this Friday’s live video webinar: Discount Cards, Cost-Plus Pharmacies, and PBMs: Trends, Controversies, and Outlook. Click here to see the original post and comments from January 2023. For 2023, the three largest pharmacy benefit managers (PBMs)—Caremark (CVS Health), Express Scripts (Cigna), and OptumRx (United […]
2 min read
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Editor’s Choice

  1. Channel: Mass
  2. Channel: Grocery - Natural
  3. Channel: Mass
  4. Channel: Specialty & Other
  5. Department & Category
  6. Department: Consumer Durables
  7. Department: Nonfood
  8. Corporate Strategy
  9. Media & Marketing
  10. Shopper & Customer
  11. Trends & External Forces
  12. Merchandising
  13. Stores & Formats

Target Leapfrogs Walmart For Upscale Grocery Approach

Bloomberg has a story about how “a slew of retailers are beefing up their grocery investments to lure in consumers cutting back on non-essentials like clothing and electronics. But as they lay out plans to improve their food offerings and supply chains, the big question is how does one compete with the mighty Walmart Inc. on […]
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  1. Department: Beverage
  2. CPG: Adult Beverage
  3. CPG: Beverage
  4. CPG: Food
  5. CPG: Food & Bev
  6. CPG: HBC
  7. Channel: Ecommerce & Digital
  8. Channel: Restaurants
  9. Department & Category
  10. Department: Adult Beverage
  11. Department: Beverage
  12. Department: Food
  13. Department: HBC
  14. Department: Nonfood
  15. Corporate Strategy
  16. Corporate Finance
  17. Corporate Purpose
  18. ESG
  19. Media & Marketing
  20. Agencies & Vendors
  21. Data & Insights
  22. Shopper & Customer
  23. Technology & Innovation
  24. Trends & External Forces
  25. Merchandising
  26. Operations & Supply Chain

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: Mass
  2. Channel: Mass
  3. Acquisitions, Divestitures & Mergers
  4. Media & Marketing
  5. Retailer Media
  6. Shopper & Customer
  7. Trends & External Forces
  8. Owned Brands (Private Label)

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: Grocery
  2. Trends & External Forces
  3. Stores & Formats

H-E-B expands its discount format

Several years after opening its last Joe V’s location, H-E-B is reigniting the banner with two locations set to open in Dallas by 2025. Dive Brief: H-E-B announced Tuesday it is opening two Joe V’s Smart Shop by H-E-B stores in Dallas, marking the first time the grocer’s discount format will appear outside of the Houston area. […]
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  1. Retailer Media
  2. ESG
  3. Media & Marketing
  4. Retailer Media
  5. Shopper & Customer
  6. Operations & Supply Chain

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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