Channel: Drug CVS Posts Better-Than-Expected Earnings, Despite Higher Medical Costs Hurting Insurance Unit CVS Health financially outperformed in the last quarter of 2024. RetailWire February 12, 2025February 12, 2025 < 1 min read CVSResults & InvestmentHealth & Wellness 0 Saving Bookmark this article Bookmarked
Retailer Media Brand Retail Media Spend Sentiments from CES LIVE with CVS Media Exchange’s Parbs Dhariwal and Andrew Lipsman The CPGGUYS host Parbinder Dhariwal – VP of CVS Media Exchange and Andrew Lipsman from Media, Ads + Commerce for a LIVE fireside chat while at CES. This discussion is all about the latest retail media budget sentiment executed by Andrew and CPGGUYS surveying brands and retailers and where we stand in the industry. Find […] The CPG Guys February 3, 2025February 3, 2025 < 1 min read Marketing: Retail MediaMarketing: Social MediaCVSIndustry Conferences and EventsPodcastsBrokersTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Retailer Media In-Store Retail Media Flexes to Move Beyond Digital Screens At their very core, brick-and-mortar stores are meant to be the physical manifestation of a brand — a distillation of its promise and the experience it aims to create for shoppers and associates alike. Now, as new marketing and advertising formats venture further into the store, store teams must work more thoughtfully to ensure these […] Retail TouchPoints January 31, 2025January 31, 2025 4 min read Marketing: Retail MediaMarketing: In StoreBrick and MortarShoppersMerchandisingTechnology & InnovationCVSMarketing: BroadcastWalgreensPredictions and ForecastsThick DataDept. ApparelMarketing: ShopperMarketing: Social MediaAssociatesCustomer ExperienceOperations & Supply ChainTrends: RetailDeliveryDept. Natural / OrganicExecutivesHealth & WellnessHoliday & EventsIndustry Conferences and EventsMarketing: Digital MediaStrategyDept. HBC 0 Saving Bookmark this article Bookmarked
Channel: Drug CVS Looks Beyond Coupons with New Holistic Health Care App CVS has launched a new app designed to serve as a one-stop shop for customers to do everything from managing their prescriptions and vaccinations to accessing coupons and opening locked display cases in stores. “As a company, we are super focused on improving the health care experience,” said Tilak Mandadi, EVP at CVS Health in […] Retail TouchPoints January 31, 2025January 31, 2025 2 min read CVSHealth & WellnessConsumersTechnology & InnovationAIShoppersExecutivesMarketing: TradeDept. HBCPricing & PromotionsMarketing: Loyalty & SubscriptionMarketing: Direct & PersonalizationBrick and MortarPartnershipsDept. PharmacyMarketing: Social MediaCustomer ExperienceDeliveryGovernmentMarketing: In Store 0 Saving Bookmark this article Bookmarked
Shopper & Customer CVS launches app that lets shoppers access locked-up merchandise The company is testing the feature in a few stores to address a customer pain point that has come to the fore as retailers attempt to thwart thieves. RetailDive January 30, 2025January 30, 2025 < 1 min read ShoppersCVSBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Drug CVS Is Testing an App Feature That Allows Customers To Unlock Products To deter theft, CVS stores lock up various items, but some customers can get around that. RetailWire January 29, 2025January 29, 2025 < 1 min read CVSLegal & CriminalBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Delivery Pet Supplies Plus Adds Grubhub Delivery Option In a deal designed to make animals (and their humans) purr with satisfaction, Pet Supplies Plus and its emerging sister brand Wag N’ Wash have partnered with Grubhub for on-demand deliveries from the retailer’s nearly 700 stores across 44 states. Pet Supplies Plus offers more than 10,000 products from 400 brands. This isn’t Grubhub’s first […] Retail TouchPoints January 28, 2025January 28, 2025 < 1 min read Food DeliveryGrubhubPartnershipsDept. PetDeliveryRegional GroceryWegmansInstacartBrick and MortarMergersMarketing: Loyalty & SubscriptionDoorDashMarketing: Social MediaPredictions and ForecastsCVSDept. GroceryMarketing: Retail MediaAlbertsons / SafewayHome DepotDept. HBCOperations & Supply ChainPricing & PromotionsUbereatsExecutivesAcquisition 0 Saving Bookmark this article Bookmarked
Trends & External Forces The Big Three PBMs’ 2025 Formulary Exclusions: Humira, Stelara, Private Labels, and the Shaky Future for Pharmacy Biosimilars For 2025, the three largest pharmacy benefit managers (PBMs)—Caremark (CVS Health), Express Scripts (Cigna), and Optum Rx (United Health Group)—have again each excluded hundreds of drugs from their standard formularies. You can find our updated counting below. As you’ll see below, the combination of formulary exclusion and private labels is creating an increasingly confusing and […] Drug Channels January 22, 2025January 22, 2025 2 min read Predictions and ForecastsOwned Brands (Private Label)Dept. PharmacyMarketing: Social MediaPackagingData & InsightsHealth & WellnessCVSResults & InvestmentEconomyMeta (Facebook)Insight ProvidersBrokers 0 Saving Bookmark this article Bookmarked
Channel: Drug Justice Department Accuses Walgreens of Dispensing ‘Millions’ of Illegal Opioid Prescriptions The U.S. Department of Justice has filed a civil suit against Walgreens alleging that the pharmacy retailer dispensed millions of unlawful prescriptions for opioids despite “clear red flags that indicated the prescriptions were highly likely to be unlawful,” according to a statement by Principal Deputy Assistant Attorney General Brian M. Boynton, head of the Justice […] Retail TouchPoints January 21, 2025January 21, 2025 2 min read WalgreensGovernmentLegal & CriminalCVSBrick and MortarMarketing: Social MediaOperations & Supply ChainPredictions and ForecastsInternational - North AmericaPress ReleaseDept. PharmacyHealth & Wellness 0 Saving Bookmark this article Bookmarked
Retail Ecosystem 2024 Omnichannel Retail Recap with Flywheel’s Emma Irwin The CPG Guys are joined in this episode by Emma Irwin from Flywheel digital to recap all things omnichannel & retail in 2024. Emma is also host of the podcast ‘Commerce collective’. Find Emma Irwin on Linkedin: https://www.linkedin.com/in/emma-irwin-b950a397/Find Flywheel on Linkedin: https://www.linkedin.com/company/flywheel-digital/posts/?feedView=allFind Flywheel online: https://www.flywheeldigital.com/Find the ‘Commerce collective’ podcast: https://podcasts.apple.com/us/podcast/the-commerce-collective-podcast/id1633426767 Here’s what we discussed : […] The CPG Guys December 28, 2024December 28, 2024 < 1 min read PodcastsTechnology & InnovationAIMarketing: Social MediaOmnichannelBrokersStreamingEconomyHoliday & EventsIndustry Conferences and EventsCVSMarketing: Digital MediaMarketing: In StoreResults & InvestmentSponsoredMarketing: BroadcastMarketing: Retail MediaTikTok 0 Saving Bookmark this article Bookmarked
Media & Marketing Follow the 340B Prescription Dollar: How PBMs Profit from 340B Contract Pharmacies (rerun) This week, I’m rerunning some popular posts while I prepare for Friday’s Drug Channels Outlook 2025 live video webinar. During the webinar, I’ll provide an update the 340B program, which continues to defy gravity. Click here to see the original post. In my recent The 340B Drug Pricing Program: Trends, Controversies, and Outlook video webinar, I […] Drug Channels December 11, 2024December 11, 2024 2 min read Marketing: Social MediaDept. PharmacyData & InsightsPredictions and ForecastsHealth & WellnessWalgreensCVSWalmartOperations & Supply ChainMeta (Facebook)EconomyBrokers 0 Saving Bookmark this article Bookmarked
Trends & External Forces Wellness Support for a Holly Jolly Holiday Workforce The holiday season is one of the busiest times of the year for the workforce, especially those on the frontlines. With extended hours, increased customer demand and unpredictable schedules, focusing on their own wellbeing can be challenging for employees. The physical and mental toll of long shifts and high stress can affect health, making wellness […] Retail TouchPoints December 10, 2024December 10, 2024 3 min read Health & WellnessAssociatesHoliday & EventsCVSShoppersSustainabilityDept. NonfoodMarketing: Direct & PersonalizationMarketing: Social MediaResults & InvestmentInclusivityStrategy 0 Saving Bookmark this article Bookmarked
Channel: Drug Humira Biosimilar Price War Update: Should We Be Glad that CVS Health and Express Scripts Are Using Private Label Products to Pop the Gross-to-Net Bubble? (rerun) This week, I’m rerunning some popular posts while I prepare for Friday’s Drug Channels Outlook 2025 live video webinar. Click here to see the original post. During Friday’s webinar, I’ll share some updated thoughts on biosimilars and PBM’s private label products. The Humira biosimilar market just took another step forward—but remains far from its ideal state. […] Drug Channels December 9, 2024December 9, 2024 2 min read CVSHealth & WellnessOwned Brands (Private Label)Data & InsightsPredictions and ForecastsMarketing: Social MediaStrategyMeta (Facebook)Brokers 0 Saving Bookmark this article Bookmarked
Media & Marketing Unwrap Holiday Growth: The Top Benefits of Joining an External Loyalty Program this Season As the holiday season approaches, retailers are under intense pressure to deliver results, with only 27 days between Thanksgiving and Christmas. Rising debt and higher cost of living are contributing to forecasted slower retail sales this year, making it more crucial than ever for brands to stand out. While events like Black Friday and Cyber […] Retail TouchPoints November 24, 2024November 24, 2024 3 min read Marketing: Loyalty & SubscriptionConsumersHoliday & EventsShoppersPricing & PromotionsPartnershipsData & InsightsTargetMarketing: Direct & PersonalizationPredictions and ForecastsAcquisitionMarketing: TradeWalgreensCompetitionDept. NonfoodResults & InvestmentMarketing: Social MediaAlbertsons / SafewaySustainabilityOperations & Supply ChainRegional GroceryStore LocationTrends: RetailTechnology & InnovationAhold DelhaizeUnited Natural FoodsKrogerWalmartEconomyCVSMarketing: In Store 0 Saving Bookmark this article Bookmarked
Trends & External Forces Large Chains’ Position in 2025’s Part D Pharmacy Networks: Supermarkets Take the Lead in a Shrinking PDP Market In Medicare Part D in 2025: Preferred Pharmacy Networks Fade in a Collapsing PDP Market, I documented the Inflation Reduction Act’s (IRA) disruption to Medicare Part D prescription drug plans (PDPs). Today, we examine the seven largest retail chains’ participation in the 12 major 2025 Part D networks that the five largest plan sponsors will […] Drug Channels November 19, 2024November 19, 2024 3 min read Predictions and ForecastsDept. PharmacyData & InsightsMarketing: Social MediaRegional GroceryWalgreensWalmartEconomyMarketing: In StoreMeta (Facebook)PublixResults & InvestmentCVSAlbertsons / Safeway 0 Saving Bookmark this article Bookmarked
Shopper & Customer We Need to Talk About Porch Piracy In an era when online shopping is not just a convenience but a way of life, a new menace is plaguing consumers and retailers alike: porch piracy. Our recent research reveals that over a third of U.S. online shoppers have fallen victim to this form of theft within the past year. The situation is particularly […] Retail TouchPoints November 6, 2024November 6, 2024 4 min read ConsumersShoppersDeliveryLegal & CriminalTechnology & InnovationBOPISResults & InvestmentHoliday & EventsStore LocationCustomer ExperienceTargetPredictions and ForecastsMarketing: Social MediaData & InsightsCVSMarketing: Loyalty & SubscriptionOperations & Supply ChainAssociatesExecutivesESG and CSRBrick and MortarPartnershipsMarketing: TradePricing & PromotionsShopifySustainabilityBigCommerceMarketing: UGCAmazon 0 Saving Bookmark this article Bookmarked
Department: HBC The Honey Pot launches at Ulta Beauty [[{“value”:” Dive Brief The deal marks the vaginal care brand’s first partnership with a beauty retailer and adds to its growing list of wholesale partners, including CVS and Target. Published Oct. 22, 2024 By Howard Ruben The brand will land in nearly 70 of Ulta Beauty’s stores as well as its website. Courtesy of The Honey […] RetailDive October 22, 2024October 22, 2024 < 1 min read Dept. HBCPartnershipsTargetDept. ApparelCVSBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Drug Walmart will start delivering prescriptions to customers’ doorsteps as CVS and Walgreens struggle Walmart will start delivering medications in six states, but plans to offer prescription delivery in nearly every state by the end of January. CNBC October 22, 2024October 22, 2024 < 1 min read WalgreensWalmartCVSDelivery 0 Saving Bookmark this article Bookmarked
Channel: Drug CVS Appoints Insider as New CEO CVS Health has named David Joyner as its new President and CEO, replacing the departing Karen Lynch, who stepped down in agreement with the company’s board of directors. Current chairman Roger Farah has been named Executive Chairman. Joyner was most recently EVP of CVS Health and President of CVS Caremark, the retailer’s pharmacy division. He […] Retail TouchPoints October 20, 2024October 20, 2024 < 1 min read CVSExecutivesHealth & WellnessResults & InvestmentMarketing: Social MediaDept. PharmacyDept. HBC 0 Saving Bookmark this article Bookmarked
Corporate Strategy CVS replaces CEO Karen Lynch with exec David Joyner [[{“value”:” Dive Brief The healthcare and pharmacy giant also pulled its earnings guidance, citing increased medical cost pressures in its Aetna health benefits unit. Published Oct. 18, 2024 The CVS logo is displayed at a CVS HealthHUB location on August 8, 2022, in Los Angeles, California. The company replaced CEO Karen Lynch on Friday. Mario […] RetailDive October 18, 2024October 18, 2024 < 1 min read ExecutivesCVSHealth & WellnessStore LocationResults & InvestmentMarketing: BrandDept. Pharmacy 0 Saving Bookmark this article Bookmarked
Corporate Strategy CVS replaces CEO Karen Lynch with exec David Joyner as profits, share price suffer David Joyner has replace Karen Lynch as CVS CEO, as the company’s stock price and performance suffers. CNBC October 18, 2024October 18, 2024 < 1 min read ExecutivesCVSResults & Investment 0 Saving Bookmark this article Bookmarked
Department: HBC If Plan Sponsors Are So Unhappy with Their PBMs’ Transparency, Why Won’t They Change the Model? A new survey of plan sponsors sheds light on their satisfaction with transparency at large and small pharmacy benefit managers (PBMs). As you will see, clients remain slightly more satisfied with the perceived transparency of smaller PBMs compared with the Big Three PBMs—CVS Caremark, Express Scripts, and Optum Rx. However, plan sponsors are dissatisfied with […] Drug Channels October 15, 2024October 15, 2024 2 min read Data & InsightsMarketing: Social MediaThick DataMeta (Facebook)Insight ProvidersDept. PharmacyCVS 0 Saving Bookmark this article Bookmarked
Corporate Finance Revlon hires CVS Health exec as CEO About a year and a half after exiting bankruptcy, the beauty giant has tapped Michelle Peluso to take the helm. RetailDive October 11, 2024October 11, 2024 < 1 min read CVSExecutivesHealth & WellnessDept. HBCBankruptcy 0 Saving Bookmark this article Bookmarked
Channel: Drug Pharmacy deserts are appearing across U.S. as Rite Aid, Walgreens, CVS drug store closures spread Rite Aid, Walgreens and CVS store closures are leading to pharmacy “deserts” and some blame PBMs, which are currently being sued by the federal government. CNBC October 11, 2024October 11, 2024 < 1 min read WalgreensRite AidDept. PharmacyCVSGovernment 0 Saving Bookmark this article Bookmarked
Department: HBC Hospitals Are Relying More on PBMs to Manage Manufacturers’ 340B Contract Pharmacy Restrictions: DCI’s 2024 Market Analysis (rerun) This week, I’m rerunning some popular posts while we put the finishing touches on DCI’s new 2024-25 Economic Report on Pharmaceutical Wholesalers and Specialty Distributors. Click here to see the original post from June 2024. The 340B contract pharmacy market shows little sign of slowing down. Drug Channels Institute’s exclusive analysis of the 2024 market […] Drug Channels October 2, 2024October 2, 2024 3 min read Dept. PharmacyData & InsightsMarketing: Social MediaHealth & WellnessWalgreensCVSWalmartMeta (Facebook)Economy 0 Saving Bookmark this article Bookmarked
Trends & External Forces CVS to lay off 2,900 employees amid reports of strategic review CVS is cutting 1% of its workforce as the healthcare behemoth pursues a massive cost-cutting plan — including a potential breakup of its businesses, according to reports. RetailDive October 1, 2024October 1, 2024 < 1 min read CVSAssociatesHealth & Wellness 0 Saving Bookmark this article Bookmarked
Media & Marketing Drug Channels Leadership Forum: Full Agenda Now Available (Spoiler: It’s Awesome!) I am pleased to announce the full agenda for the inaugural Drug Channels Leadership Forum, which will be held from March 17 to 19, 2025, at the Turnberry Resort and Spa in Miami. Everyone here at Drug Channels Institute (DCI) is excited to bring this novel event to the drug channels community. I personally assembled […] Drug Channels September 10, 2024September 10, 2024 3 min read Data & InsightsExecutivesCVSHealth & WellnessMarketing: Social MediaPredictions and ForecastsDept. PharmacyVendorsMeta (Facebook)Press ReleaseTechnology & InnovationConsumers 0 Saving Bookmark this article Bookmarked
Stores & Formats Legacy Grocery Store Market Share Capitulation a Continuing Trend It’s clear that legacy grocery stores, once the dominant force in food retail, are now navigating a challenging landscape marked by significant market share capitulation according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®. This shift has been driven by three prominent trends: the encroachment of dollar stores, drug stores, and […] Grocerant Guru September 8, 2024September 8, 2024 5 min read Brick and MortarConsumersDept. GroceryRestaurantsLidlRegional GroceryData & InsightsAldiCompetitionMarketing: Social MediaDept. FreshWaWaDeliveryShoppersCOVID19Food DeliveryDept. PerimeterWalgreensStore FormatOwned Brands (Private Label)Predictions and ForecastsTwitterMeta (Facebook)MerchandisingCVSStrategyTrends: RetailUbereatsDollar GeneralDoorDashESG and CSRGrubhubOperations & Supply ChainMarketing: Loyalty & Subscription7-Eleven & Speedway 0 Saving Bookmark this article Bookmarked
Agencies & Vendors What Can You Expect from Your RangeMe Subscription? Whether you are a startup brand looking to get your products into retail or foodservice for the first time, or a more established brand looking to expand your distribution, at some point, you will come across RangeMe and ask yourself, “Is a RangeMe subscription worth it?” The purpose of this post is to give you […] RangeMe September 4, 2024September 4, 2024 8 min read VendorsData & InsightsDept. GroceryDept. NonfoodDept. BeverageInclusivityMarketing: Social MediaMerchandisingDept. OTCRegional GroceryMeijerSustainabilityOwned Brands (Private Label)Pricing & PromotionsCVSResults & InvestmentNestleOperations & Supply ChainMarketing: In StoreStrategyData VisualizationTargetTikTokKrogerDollar GeneralWalmartHealth & WellnessExecutivesBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Drug Humira Biosimilar Price War Update: Should We Be Glad that CVS Health and Express Scripts Are Using Private Label Products to Pop the Gross-to-Net Bubble? The Humira biosimilar market just took another step forward—but remains far from its ideal state. Last week, Cigna’s Express Scripts announced that it that will follow CVS Health’s CVS Caremark business and remove Humira from its largest commercial formulary in favor of multiple biosimilars. Below, we review the 18 products competing with Humira—including four private-label […] Drug Channels September 4, 2024September 4, 2024 2 min read CVSHealth & WellnessData & InsightsOwned Brands (Private Label)Marketing: Social MediaStrategyPredictions and ForecastsMeta (Facebook) 0 Saving Bookmark this article Bookmarked
Data & Insights Partnerships & Alt Profit Media & Marketing Data & Insights Shopper & Customer Valentine’s Day flower sales could shift to FTD, other brands in 2025 1-800-Flowers still leads in US, FTD is gaining share 1-800-Flowers is the largest flower service by sales headed into Valentine’s Day 2025, according to Earnest credit card data. However, the industry stalwart is likely to lose share this season if recent trends continue. Access chart in Dash. 1-800-Flowers commanded 37.0% of Valentine’s Day flower sales […] Written by Earnest Research February 11, 2025February 11, 2025 Saving Bookmark this article Bookmarked
Holiday & Events Holiday & Events Shoppers believe best holiday deals are after holidays A good number of consumers, over 77%, believe there are better deals available after the holidays, and nearly 51% plan to take advantage by making a large purchase in late December and January. Those are top findings from a Holiday Green survey, from CouponCabin, regarding consumer habits in the post-holiday time frame. When it comes to post-holiday […] Written by Retail Customer Experience January 17, 2025January 17, 2025 Saving Bookmark this article Bookmarked
Trends & External Forces Data & Insights Technology & Innovation Trends & External Forces 2025 Outlook: A Snapshot into Ad Spend, Opportunities, and Strategies for Growth IAB’s 2025 Outlook: A Snapshot into Ad Spend, Opportunities, and Strategies for Growth offering an early glimpse into ad spending trends for the coming year. The report is a must-read to gain and understanding of brand and agency buyers’ growth strategies and the challenges they foresee. The report covers: 2025 projections for the market overall […] Written by IAB January 16, 2025January 17, 2025 Saving Bookmark this article Bookmarked
Uncategorized A major shift in North American grocery retail Spending is migrating away from traditional supermarkets and hypermarkets to channels that better align with busy lifestyles. The post A major shift in North American grocery retail appeared first on Retail Insight Network. Written by Retail Insights Network January 14, 2025January 14, 2025 Saving Bookmark this article Bookmarked
Data & Insights Technology & Innovation AI at the retail edge: What’s possible now There’s been a lot of talk lately about artificial intelligence (AI) and generative AI (GenAI) and how these technologies are going to revolutionize retail. But the retail revolution can’t be accomplished with sweeping generalizations about putting more technology into stores. Successful retail outcomes are built using technology to solve specific challenges, expanding on wins and […] Written by RetailDive January 13, 2025January 13, 2025 Saving Bookmark this article Bookmarked