CVS

  1. 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 […]
5 min read
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  1. 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 […]
8 min read
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  1. 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 […]
2 min read
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  1. Channel: Drug

Is Your Brand a Fit for CVS Health?

In today’s rapidly evolving healthcare landscape, CVS Health is at the forefront of innovation, bridging the gap between traditional healthcare and modern consumer needs. With over 7,500 stores nationwide, the retailer has become a pivotal player in not just retail but in how millions of Americans manage their health and wellness. As the healthcare industry […]
8 min read
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  1. Trends & External Forces

Pfizer’s New DTC Website Aims to ‘Streamline the Path to Better Health’

Pharmaceutical company Pfizer has launched a new direct-to-consumer website, PfizerForAll, offering prescription delivery, vaccination scheduling, discounts on Pfizer medications and same-day appointments with healthcare professionals for common complaints such as migraines or respiratory symptoms. The move is not unprecedented — fellow pharmaceutical company Eli Lilly launched its own DTC site in January. These efforts come […]
3 min read
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  1. Channel: Drug

Can Rite Aid Recover?

Last fall, poor ol’ Rite Aid finally succumbed to bankruptcy. It was pretty much the definition of an expected surprise. To get a comprehensive look at the company’s ever-declining fortunes, DCI rummaged around the compnay’s numerous bankruptcy filings. Below, you’ll find our review of Rite Aid’s current financial situation, shrinking store footprint, changing relationship with […]
2 min read
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  1. Trends & External Forces

CVS Reveals Multi-Year Plan to Save $2B Amid Healthcare Benefits Challenges

CVS Health has identified a “multi-year opportunity” to deliver $2 billion in savings, said President and CEO Karen Lynch during a call discussing the retailer’s Q2 financial results. The cuts will come from a combination of streamlining and optimizing operations, rationalizing its business portfolio and accelerating the use of AI and automation across the enterprise. […]
2 min read
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  1. Media & Marketing

Follow the 340B Prescription Dollar: How PBMs Profit from 340B Contract Pharmacies (Video)

In my recent The 340B Drug Pricing Program: Trends, Controversies, and Outlook video webinar, I provided an update on the economics of the 340B program, reviewed the multiple controversies surrounding the program’s operations, discussed state and federal legislation, and analyzed how the Inflation Reduction Act of 2022 (IRA) will alter the 340B market. In the video […]
2 min read
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  1. Media & Marketing

Drug Channels News Roundup, July 2024: My $0.02 on FTC’s PBM Report, GoodRx & Humira, Averon = CVS + Cardinal, IRA vs. 340B, and My Favorite Chart

Bello! The hot and hazy days of summer are here. Go for a swim to cool off and then enjoy this refreshing selection of articles chosen by Drug Channels para tu. Did the FTC’s compelling interim report prove its case? GoodRx joins the Humira biosimilar price war with Boehringer Ingelheim Averon revealed to be a […]
2 min read
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  1. Trends & External Forces

WBA appoints Dr. William Shrank to board

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) today announced the appointment of Dr. William Shrank to the company’s board of directors. Dr. Shrank is globally recognized for his leadership and expertise in health care strategy, policy and population health. He joins the WBA board at an important time as the company strengthens its business. Dr. […]
3 min read
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  1. Data & Insights

NRF Releases 2024 List of Top 100 Retailers

WASHINGTON – The National Retail Federation has released its annual list of the Top 100 Retailers. Compiled by Kantar, the list ranks the industry’s largest retail companies by their U.S. sales. “This year’s list of the Top 100 Retailers largely reflects a post-pandemic return to normal,” NRF Executive Director of Research Mark Mathews said. “As […]
2 min read
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  1. Trends & External Forces

WSJ: FTC plans to sue PBMs over insulin prices

NEW YORK — The U.S. Federal Trade Commission is planning to sue UnitedHealth, Cigna and CVS Health — the three largest pharmacy-benefit managers — over their tactics for negotiating prices for drugs including insulin, the Wall Street Journal reported today. The FTC plans to file lawsuits targeting business practices related to rebates brokered with drug […]
2 min read
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  1. Technology & Innovation

PairUp Raises $2.8M to Revolutionize Knowledge Sharing at Work

CHICAGO, IL — PairUp, the AI-powered workplace knowledge sharing platform, announced today that the company has closed $2.8M in financing led by HearstLab and Hillsven, with participation from  Graham & Walker,  Looking Glass Capital, Honeystone Ventures, MSIV, and Lofty Ventures. PairUp leverages human expertise to efficiently capture, preserve, and access valuable company knowledge.  PairUp was […]
2 min read
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  1. Merchandising

LeBlanc named merchandising VP for beauty, personal care at CVS

WOONSOCKET, R.I. — Michelle LeBlanc was appointed vice president of merchandising for beauty, personal care and Hispanic Center of Excellence (CoE) by CVS Health. Michelle LeBlanc Prior to this role, LeBlanc spent nearly 20 years in the CVS Pharmacy retail organization, holding a wide range of positions from category design and category management to store […]
< 1 min read
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  1. Channel: Grocery

MMR, Chain Drug Review honor “Retailers of the Year”

Racher Press hosted a gala reception last month to celebrate the winners of its Retailer of the Year awards for 2024. On hand to accept MMR awards were Dr. Daniel Fick and Kristin Williams of Hy-Vee (Health Executives of the Year), Justin Honaman of Amazon Web Services (Innovator of the Year), Richard Galanti of Costco […]
4 min read
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  1. Channel: Drug

Walgreens to close ‘significant’ number of US stores

​[[“value”:” This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Walgreens plans to close a “significant portion” of its roughly 8,700 stores in the U.S., CEO Tim Wentworth told investors on a Thursday morning earnings call. The company didn’t share a specific figure, but said it is reviewing one-quarter of its […]
3 min read
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  1. Channel: Mass

Target Shuffles Merchandising Leadership, Again, Begins Hunt for New CMO

Target is continuing to make adjustments to its C-suite following the retirement of COO John Mulligan and subsequent appointment of then-CFO Michael Fiddelke to the role in January 2024. Current Chief Growth Officer Christina Hennington has been promoted to Chief Strategy and Growth Officer, while Rick Gomez, who took on the role of Chief Food, […]
2 min read
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  1. Channel: Drug

How to Get Your Product Placed in Walgreens or CVS

Drug store retailers like Walgreens and CVS are known for their wide variety of products, from over-the-counter medications to beauty and personal care items. Getting your product placed in these retail giants can be a huge opportunity for exposure and sales. However, it’s not as simple as approaching them with your product and hoping for […]
4 min read
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  1. Channel: Delivery

Grubhub Adds First National Grocery Partner — Albertsons Companies

Nearly 1,800 Albertsons Companies stores are joining the Grubhub Marketplace for delivery, including the Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme and Tom Thumb banners. The deal marks Grubhub’s first national grocery deal following its partnership with Mercato, a marketplace for independent grocers. Albertsons Cos. customers will now be able to schedule delivery of their grocery […]
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  1. Media & Marketing

Drug Channels News Roundup, June 2024: Cordavis Humira Update, OptumRx’s New Biosim Biz, Generic Drugs’ Wild Ride, IRA Predictions, and Dr. G on Med School

Happy 248th birthday, America! Before you launch your July 4 festivities, Drug Channels offers some fireworks of its own: CVS Health’s Cordavis is winning the Humira biosimilar battle Meet NUVAILA, OptumRx’s new biosimilar procurement business The acquisition cost revolution hits a speedbump following NADAC volatility Five predictions about the IRA’s impact on the drug channel […]
2 min read
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  1. Retailer Media

New CVS Self-Serve Retail Media Offering Aims to Help Brands ‘Move at the Speed of Commerce’

CVS Media Exchange (CMX), CVS’ retail media network, is beta testing a new self-service offering for its advertiser partners in collaboration with The Trade Desk. While managed services will still be available to CVS’ advertisers, the new self-service option aims to expand the access and transparency of CMX by offering brands more autonomy and control […]
2 min read
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  1. Trends & External Forces

Event spotlights retailers’ vital role in enhancing health care

NEW YORK — Retailers have a critical role to play in providing health care products and services in a way that is more personalized, inclusive, accessible and holistic, according to retail executives who spoke earlier this month at a WSL event called “Beyond Wellness. The Future of Health. What Shoppers Really Want.” Andrea Brookhart, director […]
3 min read
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  1. Stores & Formats

Store closings are up significantly

NEW YORK — Ahold Delhaize recently said it would shutter an undetermined number of underperforming Stop & Shop supermarkets this year, joining what some press reports have described as a “tsunami” of planned retail store closings. Coresight Research, which tracks store openings and closings, said that as of May 31, major U.S. retailers have announced […]
2 min read
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  1. Department: HBC

The Top Pharmacy Benefit Managers of 2023: Market Share and Trends for the Biggest Companies—And What’s Ahead (rerun)

This week, I’m rerunning some popular posts while I prepare for Friday’s live video webinar: The 340B Drug Pricing Program: Trends, Controversies, and Outlook. Click here to see the original post from April 2024. Three is still the magic number for pharmacy benefit managers (PBMs). For 2023, nearly 80% of all equivalent prescription claims were […]
2 min read
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  1. Channel: Ecommerce & Digital

TruSkin® Vitamin C Facial Serum Wins Shop TODAY 2024 Beauty Award

NEW YORK, NY — Shop TODAY has awarded plant-powered skincare brand TruSkin® a beauty award for its best-selling Vitamin C Facial Serum. The brand, currently a top trending brand per NielsenIQ, is thrilled that its hero product won best budget vitamin C serum. Made with sodium ascorbyl phosphate (SAP), a gentle and effective form of […]
3 min read
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  1. Department: HBC

Hospitals Are Relying More on PBMs to Manage Manufacturers’ 340B Contract Pharmacy Restrictions: DCI’s 2024 Market Analysis

The 340B contract pharmacy market shows little sign of slowing down. Drug Channels Institute’s exclusive analysis of the 2024 market reveals that: About 33,000 pharmacy locations—more than half of the entire U.S. pharmacy industry—act as contract pharmacies for the hospitals and federal grantees that participate in the 340B program.  Five multi-billion-dollar, for-profit, publicly traded pharmacy […]
2 min read
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  1. Channel: Mass
  2. Channel: Mass

Walmart Tops List of Leading US Retailers By 2023 Sales

Walmart leads Forrester’s 2023 US retailer ranking, with Amazon in second. The top 10, representing 38% of total retail sales, remain unchanged from 2022. Walmart has once again secured the top position in Forrester’s annual ranking of the 67 largest US retailers (ranked by 2023 US net retail sales), with Amazon following closely in second […]
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