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. […] MorningNewsBeat June 6, 2023June 6, 2023 < 1 min read WalmartAmazonHealth & WellnessCVS 0 Saving Bookmark this article Bookmarked
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 […] MMR June 6, 2023June 6, 2023 < 1 min read Dept. HBCExecutivesHealth & WellnessCVS 0 Saving Bookmark this article Bookmarked
Channel: Delivery SN Top 10: Rite Aid, Kroger, Instacart top the week's headlines In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was Rite Aid, CVS face lawsuits for misleading shoppers. A lawsuit was filed recently in the U.S. District Court for the Southern District of New York Supermarket News June 5, 2023June 5, 2023 < 1 min read InstacartRite AidKrogerDeliveryLegal & CriminalShoppersCVS 0 Saving Bookmark this article Bookmarked
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 […] MMR June 5, 2023June 5, 2023 2 min read CVSConsumersDept. PharmacyHealth & WellnessThick DataTechnology & InnovationExecutivesDept. HBC 0 Saving Bookmark this article Bookmarked
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 […] Drug Channels May 24, 2023May 24, 2023 2 min read GovernmentData & InsightsMarketing: SocialDept. PharmacyHealth & WellnessConsultingCVSResults & InvestmentMeta (Facebook) 0 Saving Bookmark this article Bookmarked
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 […] MorningNewsBeat May 23, 2023May 23, 2023 < 1 min read Technology & InnovationAILegal & CriminalAssociatesTech: AIGovernmentCVSPredictions and ForecastsHealth & WellnessDept. NonfoodAgencies 0 Saving Bookmark this article Bookmarked
Corporate Strategy Albertsons names CVS exec Tom Moriarty as executive VP and general counsel During his tenure at CVS, Moriarty oversaw all legal and regulatory functions within the company, including CVS Health’s $78B acquisition of Aetna Supermarket News May 23, 2023May 23, 2023 < 1 min read ExecutivesCVSAlbertsons / SafewayAcquisitionLegal & CriminalHealth & Wellness 0 Saving Bookmark this article Bookmarked
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, […] MMR May 23, 2023May 23, 2023 2 min read Health & WellnessCVSDept. PharmacyAcquisitionResults & InvestmentConsumersOperations & Supply ChainDept. HBCStrategyExecutivesPredictions and ForecastsEconomy 0 Saving Bookmark this article Bookmarked
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 […] MMR May 19, 2023May 19, 2023 2 min read ExecutivesHealth & WellnessAlbertsons / SafewayCVSStrategyLegal & CriminalDept. PharmacyAcquisitionMergersOperations & Supply ChainCOVID19AssociatesUnilever 0 Saving Bookmark this article Bookmarked
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 […] MMR May 19, 2023May 19, 2023 3 min read ConsumersGovernmentHealth & WellnessExecutivesOwned Brands (Private Label)Dept. PharmacyDept. NonfoodCVSDept. GroceryDept. HBCTechnology & InnovationMarketing: SocialStrategySustainabilityDept. OTCConsulting 0 Saving Bookmark this article Bookmarked
Corporate Strategy Albertsons names new executive vice president and general counsel Tom Moriarty brings over 30 years of experience to the role and most recently was CVS Health’s executive vice president, chief policy and external affairs officer, and general counsel. Grocery Dive May 19, 2023May 19, 2023 < 1 min read ExecutivesAlbertsons / SafewayCVSHealth & Wellness 0 Saving Bookmark this article Bookmarked
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 […] 0 Author Missing May 19, 2023May 19, 2023 2 min read TargetLegal & CriminalBrick and MortarResults & InvestmentWalgreensWalmartShoppersMerchandisingHome DepotExecutivesDept. NonfoodDept. FreshCVSBest Buy 0 Saving Bookmark this article Bookmarked
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 […] MMR May 19, 2023May 19, 2023 2 min read Health & WellnessCVSDept. HBCConsumersMarketing: SocialESG and CSRPricing & PromotionsPartnershipsInclusivity 0 Saving Bookmark this article Bookmarked
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 […] Marie Albiges May 17, 2023May 17, 2023 < 1 min read Health & WellnessCVSWalgreensTechnology & InnovationWalmartDept. PharmacyStrategyPredictions and ForecastsMarketing: UGCKrogerAcquisition 0 Saving Bookmark this article Bookmarked
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 […] Drug Channels May 10, 2023May 10, 2023 2 min read Health & WellnessData & InsightsMarketing: SocialConsultingCVSMeta (Facebook)Dept. PharmacyData Visualization 0 Saving Bookmark this article Bookmarked
Channel: Mass Kroger paying $68 million to settle WV opioid suit Kroger has agreed to pay $68 million to settle a lawsuit brought by West Virginia against the company for its role in that state’s opioid crisis. CVS, Rite Aid, Walgreens and Walmart previously settled with the state, which has collected more than $1 billion. RetailWire May 6, 2023May 6, 2023 < 1 min read KrogerWalgreensWalmartRite AidLegal & CriminalCVS 0 Saving Bookmark this article Bookmarked
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! […] Rethink Retail May 4, 2023May 4, 2023 5 min read Marketing: SocialTechnology & InnovationPredictions and ForecastsOperations & Supply ChainCOVID19Data & InsightsShoppersConsumersDept. NonfoodBOPISMergersTech: CashierlessPartnershipsPodcastsStore LocationMarketing: BroadcastESG and CSRMarketing: In StoreBed Bath & BeyondAmazonExecutivesKrogerDollar TreeConsultingCVSDeliveryDept. ApparelDept. FuelTrends: RetailAlbertsons / Safeway 0 Saving Bookmark this article Bookmarked
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 […] MMR May 3, 2023May 3, 2023 5 min read Health & WellnessDept. PharmacyCVSCOVID19AcquisitionDept. HBCResults & InvestmentDept. OTCOperations & Supply ChainConsumersEconomyStrategyOwned Brands (Private Label)GovernmentMarketing: SocialDept. NonfoodPredictions and ForecastsExecutives 0 Saving Bookmark this article Bookmarked
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 […] MMR May 3, 2023May 3, 2023 < 1 min read Health & WellnessCVSAcquisitionData & InsightsResults & InvestmentMarketing: UGC 0 Saving Bookmark this article Bookmarked
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 […] MMR May 3, 2023May 3, 2023 2 min read Health & WellnessCVSShoppersBrick and MortarMarketing: UGCConsumersTechnology & InnovationStore LocationPricing & PromotionsPredictions and ForecastsMarketing: In StoreGoogleDept. HBCData & Insights 0 Saving Bookmark this article Bookmarked
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 […] MMR May 1, 2023May 1, 2023 4 min read SustainabilityShoppersESG and CSRCVSEconomyPartnershipsHealth & WellnessKrogerDept. HBCBrick and MortarExecutivesPredictions and ForecastsDollar GeneralTargetPhilanthropyOperations & Supply ChainStrategyDept. PharmacyTechnology & InnovationDept. Sporting goodsConsumersDept. NonfoodAssociates 0 Saving Bookmark this article Bookmarked
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 […] RetailWire April 27, 2023April 27, 2023 < 1 min read CVSHealth & WellnessWeatherExecutivesConsumersTechnology & Innovation 0 Saving Bookmark this article Bookmarked
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 […] MMR April 18, 2023April 18, 2023 2 min read Health & WellnessCVSDept. HBCExecutivesStrategyResults & InvestmentGovernmentShoppersMarketing: Direct & PersonalizationConsumers 0 Saving Bookmark this article Bookmarked
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 […] MorningNewsBeat April 10, 2023April 10, 2023 2 min read Health & WellnessAmazonShoppersWalmartCVS 0 Saving Bookmark this article Bookmarked
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 […] RetailWire March 31, 2023March 31, 2023 < 1 min read Health & WellnessCVSExecutives 0 Saving Bookmark this article Bookmarked
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 […] MMR March 30, 2023March 30, 2023 2 min read Health & WellnessCVSAcquisitionConsumersTechnology & InnovationStrategyMarketing: UGCMarketing: In StoreExecutivesESG and CSRDelivery 0 Saving Bookmark this article Bookmarked
Acquisitions, Divestitures & Mergers CVS closes healthcare services deal—are more coming? The pharmacy retailer makes one acquisition official while another one is being questioned Supermarket News March 29, 2023March 29, 2023 < 1 min read Health & WellnessCVSAcquisitionDept. Pharmacy 0 Saving Bookmark this article Bookmarked
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 […] Drug Channels March 29, 2023March 29, 2023 3 min read WalgreensCVSKrogerWalmartDept. PharmacyData & InsightsMarketing: SocialHealth & WellnessConsultingMeta (Facebook)Marketing: In StoreEconomy 0 Saving Bookmark this article Bookmarked
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. […] MMR March 28, 2023March 28, 2023 2 min read Legal & CriminalWalgreensGovernmentCVSBrick and MortarEconomyOperations & Supply ChainHealth & WellnessRite AidDept. HBCDept. Grocery 0 Saving Bookmark this article Bookmarked
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 […] Drug Channels March 28, 2023March 28, 2023 2 min read Marketing: SocialData & InsightsHealth & WellnessConsultingCVSCompetitionTechnology & InnovationMeta (Facebook)ESG and CSRDept. Pharmacy 0 Saving Bookmark this article Bookmarked
Channel: Mass Channel: Grocery - Natural Channel: Mass Channel: Specialty & Other Department & Category Department: Consumer Durables Department: Nonfood Corporate Strategy Media & Marketing Shopper & Customer Trends & External Forces Merchandising 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 […] Written by MorningNewsBeat June 8, 2023June 8, 2023 Saving Bookmark this article Bookmarked
Department: Beverage CPG: Adult Beverage CPG: Beverage CPG: Food CPG: Food & Bev CPG: HBC Channel: Ecommerce & Digital Channel: Restaurants Department & Category Department: Adult Beverage Department: Beverage Department: Food Department: HBC Department: Nonfood Corporate Strategy Corporate Finance Corporate Purpose ESG Media & Marketing Agencies & Vendors Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Merchandising 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 […] Written by MMR June 8, 2023June 8, 2023 Saving Bookmark this article Bookmarked
Channel: Mass Channel: Mass Acquisitions, Divestitures & Mergers Media & Marketing Retailer Media Shopper & Customer Trends & External Forces 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 […] Written by MorningNewsBeat June 7, 2023June 8, 2023 Saving Bookmark this article Bookmarked
Channel: Grocery Trends & External Forces 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. […] Written by Grocery Dive June 7, 2023June 8, 2023 Saving Bookmark this article Bookmarked
Retailer Media ESG Media & Marketing Retailer Media Shopper & Customer 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 […] Written by Grocery Dive June 7, 2023June 8, 2023 Saving Bookmark this article Bookmarked