CVS

  1. Technology & Innovation

RTIH lays out this week’s coolest retail technology plays

RTIH Editor, Scott Thompson, brings you his top ‘future of retail systems’ deployments from the past week, including drone deliveries, Bitcoin rewards, smart shopping carts, and autonomous convenience stores. Pinterest and Samsung Pinterest has teamed with Samsung to launch of the first ever ‘flippable’ Pin on its platform. The aim is to show people just […]
3 min read
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  1. Data & Insights

CVS to launch virtual primary care solution

WOONSOCKET, R.I. — CVS Health announced on Thursday the launch of CVS Health Virtual Primary Care, a new virtual care solution available through a single digital platform. The offering connects CVS Health’s services, clinical expertise, and data for a more coordinated and consumer-centric health care experience. The company said the new solution enables consumers to […]
3 min read
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  1. Channel: Grocery

Survey:  Trader Joe’s, H-E-B, Wegmans, Amazon Get High Marks For Reputations

Axios and the Harris Poll are out with a new survey in which they identify the most visible brands in America and gauge their reputations, ranking them from “excellent to “very poor.” The top nine, all rated as “excellent,” are, in order … Trader Joe’s, H-E-B, Patagonia, Hershey, Wegmans, Samsung, Toyota, Amazon, and Honda. Among […]
< 1 min read
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  1. Department & Category

Cooler Screen Builds Visionary Leadership and Advisory Teams for Accelerated Growth

Accomplished executives will accelerate Cooler Screens' mission to transform the consumer experience and solidify its role as a strategic digital media platform for retail. 
4 min read
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  1. Channel: Drug

Cooler Screens Partners With Place Exchange to Connect Brands With Programmatic In-store Advertising

Cooler Screens, which is creating the world’s largest in-store digital media platform, unveils a partnership with Place Exchange for programmatic ad buying opportunities of in-store media for omnichannel ad campaigns.
3 min read
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  1. Associates & Employees

How to hire the right people for your business?

Recruiting the right employees is crucial to the growth of your company, which is why startups should use a structured recruiting process when searching for new staff members. You will increase your odds of attracting the best achievers and reducing unnecessary costs as well as painful mistakes if you invest efforts and resources in finding […]
6 min read
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  1. Trends & External Forces

How DTC Brands Engineer Expansion Via New Product Categories

Growth in the direct-to-consumer space is no longer limited to remaining ahead of trends in a brand’s core category. The first phase of growth for many DTC brands often comes from the founders’ inspiration for filling a void with a product or solution. But these brands often find themselves hitting a ceiling with their original […]
4 min read
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  1. Channel: Drug

CVS, Walgreens and Walmart will pay for their roles in opioid crisis

A hearing today in a federal court in Cleveland will determine how much CVS, Walgreens and Walmart have to pay two counties in Ohio (Lake and Trumbull) for failing to take stronger action to help address the opioid crisis. Sixty-one million prescription painkillers were dispensed in Lake County, the equivalent of 265 pills for every […]
< 1 min read
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  1. Channel: Convenience

New Jersey Is First State To Ban Both Paper, Plastic Single Use Bags

Bloomberg reports that New Jersey is the first state “to ban both plastic and paper bags,” which leaves “companies and shoppers to find creative workarounds to get their groceries home.” According to the story, “ShopRite, with more than 100 New Jersey stores, will charge a flat $1.50 per order for reusable bags. Instacart Inc., which […]
2 min read
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  1. Technology & Innovation

Five retail technology questions for Christine Russo

RTIH asks major players in the retail technology space for their thoughts on the sector, and throws in a random question to keep them on their toes. This time around, our five questions go to leading industry analyst and RTIH Innovation Awards judge Christine Russo.  RTIH: Looking at the hottest retail technologies right now, check-out […]
2 min read
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  1. Trends & External Forces

CVS raises annual forecast after strong quarter

CVS said that COVID-19 vaccines and testing helped boost its pharmacy business. The company posted earnings per share of $2.22, better than the $2.17 expected by Wall Street. The company raised its forecast for the year to earnings between $8.20 and $8.40 per share. The Wall Street consensus is $8.26.
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  1. Trends & External Forces

CVS’ first quarter results beat projections

WOONSOCKET, R.I. — CVS Health reported strong first quarter results, topping analysts’ forecasts for revenue and earnings. Total revenue for the period ended March 31 climbed 11.2% from the year-ago quarter to $76.8 billion, driven by growth across all segments. Wall Street had estimated revenue of $75.3 billion. Adjusted earnings per share rose 8.8% to […]
4 min read
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  1. Channel: Drug

CVS Health names Chaguturu chief medical officer

WOONSOCKET, R.I. — CVS Health has named Dr. Sree Chaguturu executive vice president and chief medical officer effective immediately, the company said Tuesday. Dr. Sree Chaguturu Chaguturu will be responsible for advancing the highest possible clinical quality standards, increasing access to care, improving patient outcomes, and reducing overall health care costs across the enterprise. He […]
2 min read
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  1. Merchandising

La Roche-Posay offers antiaging face sunscreen

NEW YORK — La Roche-Posay has launched its Anthelios UV Correct SPF 70 Daily Anti-Aging Face Sunscreen formulated with Cellox-B3 Shield technology to correct and protect  skin from signs of sun damage. The sheer finish lotion blends easily on all skin tones in oxybenzone and octinoxate-free formula. La Roche-Posay’s exclusive Cellox-B3 Shield technology combines photostable […]
< 1 min read
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  1. Trends & External Forces

CVS survey finds mental health concerns increasing

WOONSOCKET, R.I. — A recent CVS Health/ Morning Consult survey of Americans age 18 and over found that mental health concerns are continuing to rise among individuals of all backgrounds, especially Black, age 65 and over, young adult, and LGBTQIA+ respondents. The survey also found more Americans agree that the pandemic has made them more comfortable […]
2 min read
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  1. Corporate Purpose

Trying To Identify a Corporate Purpose? You Don’t Have To Save the World

It’s easy to declare yourself a purpose-driven organization. It’s much harder, however, to identify just the right purpose, and to activate it throughout the organization so it naturally elevates your business strategy and operations.  Driven by stakeholder demands for companies to stand for more than profits, and a belief that businesses are more capable than […]
7 min read
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  1. Trends & External Forces

Report says corporate profits and wage growth are out of sync

A new Brookings report found that corporate profits at five companies – Amazon.com, CVS, Kroger, Target and Walmart – were up 41 percent in 2020 as real wages for their employees grew five percent. Many workers are feeling the pinch of inflation as pay raises in recent years have lagged inflation.
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  1. Shopper & Customer

What Worked for 1,000+ Leading Brands in 2022?

Discover how brands like Nike, CVS, Nestle, and more, remained successful in their e-marketplace endeavors despite a broader range of companies and products now available to consumers. Feedvisor’s fourth annual analysis of 1,000+ U.S. brand leaders reveals what worked and what did not with never-before-seen stats and bespoke strategies for navigating today’s evolving, Amazon-driven retail […]
< 1 min read
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  1. Media & Marketing

Drug Channels News Roundup, April 2022: 340Boom, 340B Profits for Pharmacies & PBMs, Fixing Insulin, Walgreens’ Robots, and Doctors’ Day

Baseball season is in full swing! Oil up your glove, lace up your cleats, and let’s run the bases around this month’s news stories. Remember: Sometimes you win, sometimes you lose, and sometimes it rains. In this issue: Green Monster: The 340B market hits new highs in 2021 Not-Free Agents: Big 340B profits for CVS, […]
2 min read
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  1. Channel: Drug

CVS expands efforts to reduce plastic waste

WOONSOCKET, R.I. — CVS Health is collaborating with the World Wildlife Fund and the organization’s activation hub, ReSource: Plastic, to focus on reducing plastic waste and increasing the sustainability of materials within its packaging portfolio. CVS Health joins a consortium of leading companies and organizations addressing the planet’s plastic waste crisis as the Principal Retail […]
2 min read
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  1. Department: HBC

Kadenwood brands reach new distribution milestone

NEWPORT BEACH, Calif. — Kadenwood said Wednesday it has achieved a new retail distribution milestone with products available in over 22,000 stores. Leveraging Kadenwood executives’ years of experience in retail strategy, the company’s retail distribution has far exceeded many industry players in a significantly reduced amount of time. Having only been founded in 2019, Kadenwood […]
2 min read
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  1. Media & Marketing

Five Takeaways from the Big Three PBMs’ 2022 Formulary Exclusions (rerun)

This week, I’m rerunning some popular posts while I prepare for this Friday’s live video webinar: PBM Industry Update: Trends, Controversies, and Outlook. Click here to see the original post and comments from January 2022. For 2022, the three largest pharmacy benefit managers (PBMs)—Caremark (CVS Health), Express Scripts (Cigna), and OptumRx (United Health Group)— increased […]
2 min read
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  1. Channel: Drug

Rite Aid to Close 145 Stores

Rite Aid plans to close a total of 145 “unprofitable” stores as part of its optimization efforts. The drug store chain announced it was closing an initial 63 stores in December, and is looking to save in administrative and labor costs and make improvements across payroll and the supply chain, with total savings expected to reach $170 […]
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  1. Trends & External Forces

SeraLabs garners distribution for its beauty and health lines

LOS ANGELES — The SeraLabs Inc. announced distribution deals that are putting some of its innovative skin care products on the shelves of some of the nation’s largest retail chains. SeraLabs said its Seratopical Revolution skin care line will be sold at select Walmart stores, as well as CVS, and Bed Bath & Beyond stores. […]
2 min read
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  1. Channel: Drug

Beyond Meat® Expands Availability of Beyond Chicken® Tenders at over 8,000 New Outlets Nationwide, Including Grocery, Pharmacy and Club Stores

Albertsons, CVS, Kroger, Sprouts and Whole Foods Market among new retailers to offer the popular plant-based chicken tenders Albertsons, CVS, Kroger, Sprouts and Whole Foods Market among new retailers to offer the popular plant-based chicken tenders
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  1. Corporate Strategy

Pfizer names David Denton chief financial officer

NEW YORK — Pfizer announced Monday that former CVS executive David Denton will join the company as chief financial officer (CFO) and executive vice president effective May 2. Denton will be a member of Pfizer’s Executive Leadership Team reporting to chairman and chief executive officer, Albert Bourla. David Denton He joins Pfizer from Lowe’s Companies […]
2 min read
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Editor’s Choice

  1. Channel: Dollar/Value
  2. Channel: Dollar/Value
  3. Corporate Strategy
  4. Corporate Finance
  5. Department: Consumer Durables
  6. Media & Marketing
  7. Shopper & Customer
  8. Technology & Innovation
  9. Trends & External Forces
  10. Operations & Supply Chain
  11. Stores & Formats

Dollar General post strong sales gains in first quarter

GOODLETTSVILLE, Tenn. — Dollar General on Thursday reported net sales of $8.8 billion for its fiscal year 2022 first quarter, an increase of 4.2% over the prior-year period. The net sales increase was primarily driven by positive sales contributions from new stores, partially offset by a slight decline in same-store sales and the impact of […]
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  1. Data & Insights
  2. Corporate Strategy
  3. Department: HBC
  4. Media & Marketing
  5. Data & Insights
  6. Shopper & Customer
  7. Trends & External Forces
  8. Merchandising

CVS to launch virtual primary care solution

WOONSOCKET, R.I. — CVS Health announced on Thursday the launch of CVS Health Virtual Primary Care, a new virtual care solution available through a single digital platform. The offering connects CVS Health’s services, clinical expertise, and data for a more coordinated and consumer-centric health care experience. The company said the new solution enables consumers to […]
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  1. Retailer Media
  2. Corporate Strategy
  3. Media & Marketing
  4. Retailer Media
  5. Data & Insights

22% Of Brands Are Unhappy With How They Allocate Their Retail Media Budget. But There’s a Better Way

Retail media networks (RMNs) are an exciting place to run ads, because of the valuable first-party data that retailers have about their customers. RMNs create an ability to target a specific retailer’s customers and provide valuable insights into how people shop. And brands certainly are not hurting for choices. Just last week, Ulta announced a media network and the hotel chain, Marriott, the week prior. 
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  1. Technology & Innovation
  2. Partnerships & Alt Profit
  3. Media & Marketing
  4. Data & Insights
  5. Shopper & Customer
  6. Technology & Innovation
  7. Trends & External Forces
  8. Associates & Employees
  9. Merchandising
  10. Operations & Supply Chain
  11. Stores & Formats

Developing a Perfect Store Strategy in 2022

In 2022, the perfect store is rooted in constant evolution — a system that maybe isn’t perfect in every moment, but is agile always, malleable when needed, and capable of critical self-reflection. These innate characteristics of the modern perfect store are supported by, and in return support, the adoption of a few important technologies and […]
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