Channel: Drug CVS introduces one + other personal care brand WOONSOCKET, R.I. — CVS Pharmacy has launched one+other (pronounced ‘one another’), a new beauty and personal care brand that the company says is designed to celebrate individuality with a line of self-care essentials designed to be mixed and matched. According to a survey conducted by The Harris Poll on behalf of CVS Health, 91% of […] MMR February 1, 2023February 1, 2023 2 min read CVSData & InsightsConsumersHealth & WellnessDept. HBCMerchandisingInclusivityThick DataDept. PharmacyBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Drug Walmart, CVS Say They Will Cut Pharmacy Hours The Wall Street Journal reports that CVS and Walmart “are cutting pharmacy hours in the midst of a pharmacist shortage that has plagued the nation’s biggest drugstore chains throughout the Covid-19 pandemic. “CVS, the largest U.S. drugstore chain by revenue, plans in March to cut or shift hours at about two-thirds of its roughly 9,000 […] MorningNewsBeat January 30, 2023January 30, 2023 2 min read Dept. PharmacyCVSWalmartBrick and MortarWalgreensHealth & WellnessCOVID19Store LocationAssociatesMarketing: UGCEconomy 0 Saving Bookmark this article Bookmarked
Channel: Mass CVS and Walmart are cutting pharmacy hours CVS plans to reduce pharmacy hours in roughly two-thirds of its drugstores beginning in March. Walmart in the same month will begin closing its pharmacies at 7 p.m. instead of 9 p.m. at most of its stores. A shortage of pharmacists and techs has forced many retailers to alter their hours of operation in recent […] RetailWire January 28, 2023January 28, 2023 < 1 min read WalmartDept. PharmacyCVSBrick and Mortar 0 Saving Bookmark this article Bookmarked
Trends & External Forces CVS Health launches Community Equity Alliance WOONSOCKET, R.I. —CVS Health announced a new initiative that will address barriers to care in underserved communities across the country. The CVS Health Community Equity Alliance is being established to expand the community health worker workforce, enhance connections between health care institutions and communities and address disparities in heart health and mental health outcomes. The Alliance […] MMR January 27, 2023January 27, 2023 3 min read Health & WellnessCVSAssociatesDept. HBCPartnershipsStrategyESG and CSRTechnology & InnovationOmnichannelData & InsightsDept. NonfoodExecutivesInclusivityMarketing: SocialGoogle 0 Saving Bookmark this article Bookmarked
Channel: Drug CVS, Walmart to cut pharmacy hours amid labor concerns NEW YORK — CVS Health and Walmart said they will be reducing pharmacy hours to address the ongoing pharmacist shortage, The Wall Street Journal reported Friday. CVS plans to cut or shift operating hours at about two-thirds of its 9,000-strong U.S. network in March, while Walmart intends to close most of its nearly 4,600 stores two […] MMR January 27, 2023January 27, 2023 < 1 min read Dept. PharmacyCVSAssociatesWalmartBrick and MortarWalgreensStrategyHealth & WellnessEconomy 0 Saving Bookmark this article Bookmarked
Channel: Drug CVS Health announces senior appointments CVS Health announced two executive appointments. David Joyner will rejoin the company as Executive Vice President and President of Pharmacy Services, while Amy Bricker has been named Executive Vice President and Chief Product Officer MMR January 25, 2023January 25, 2023 2 min read CVSHealth & WellnessExecutivesConsumersDept. HBCDept. PharmacyStrategyShoppersGovernmentMarketing: SocialStore LocationTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Department: HBC Megalabs brings Prospan cough remedy to U.S. MIAMI — Megalabs USA is bringing Prospan, the global leader selling natural ivy leaf cough remedy, to the United States. Through Megalabs’ exclusive, long-standing partnership with Prospan manufacturer Engelhard, the globally popular herbal cough remedy, will be available midyear 2023 at major American retail outlets in Puerto Rico, including CVS and Walgreens as well as […] MMR January 25, 2023January 25, 2023 2 min read Dept. OTCConsumersExecutivesWalgreensPartnershipsDept. Natural / OrganicCVSAmazon 0 Saving Bookmark this article Bookmarked
Channel: Drug Rite Aid To Make “Abortion Pill” Available In Limited Locations Rite Aid. Corp. said that it will dispense the so-called abortion pill, mifepristone, “in a limited number of its pharmacies,” Bloomberg reports. Rite Aid said it will sell the pill “to customers either in-person or via mail delivery in compliance with federal and state laws. ‘We are committed to ensuring equitable access to customers prescribed […] MorningNewsBeat January 23, 2023January 23, 2023 < 1 min read Rite AidHealth & WellnessGovernmentShoppersDept. GroceryDeliveryCVS 0 Saving Bookmark this article Bookmarked
Channel: Drug CVS Health makes senior appointments WOONSOCKET, R.I. — CVS Health has named Amy Bricker to become chief product officer, consumer, and David Joyner, a previous company exec, to head pharmacy services, Bloomberg reported. Bricker was previously president of Cigna’s pharmacy benefit manager, Express Scripts. Joyner was previously EVP, sales and marketing, at CVS before retiring. Joyner is taking over from Alan […] MMR January 23, 2023January 24, 2023 < 1 min read CVSHealth & WellnessDept. PharmacyExecutivesConsumers 0 Saving Bookmark this article Bookmarked
Media & Marketing 12 Principles For Building Successful Brands Based on events of 2022, here are twelve do’s and don’ts to keep in mind as you build your brand in 2023. Do’s 1. Do Know The Business In Which You Do Business Please be specific. For example, you are not in the restaurant business; you are not in the fast food business; you are […] Branding Strategy January 20, 2023January 20, 2023 5 min read Marketing: BrandStrategyShoppersData & InsightsOwned Brands (Private Label)Technology & InnovationPredictions and ForecastsDept. ApparelHealth & WellnessWeatherSustainabilityCVSConsumersMondelezUnileverTwitterThick DataResults & InvestmentRestaurantsPricing & PromotionsKraftHeinzMarketing: TradeMarketing: SocialESG and CSRDept. HBCCOVID19Holiday & EventsDept. GroceryDept. NonfoodDept. PharmacyAssociates 0 Saving Bookmark this article Bookmarked
Shopper & Customer Emotions Guide Today’s Path To Purchase We’ve been told a consumer’s path to purchase proceeds in a straight line: awareness, familiarity, consideration, purchase … and if done right, it leads to brand loyalty. It’s a logical step-by-step progression model and gives brands the confidence to manage customers’ engagement and activate them along each step in their journey. Illusion Unveiled The problem […] Branding Strategy January 18, 2023January 18, 2023 5 min read ConsumersMarketing: BrandStrategyShoppersMarketing: ShopperESG and CSRDept. NonfoodConsultingMarketing: Loyalty & SubscriptionMarketing: UGCHealth & WellnessTechnology & InnovationTargetSustainabilityPricing & PromotionsPartnershipsMerchandisingMarketing: In StoreGovernmentDept. AppliancesExecutivesDept. ApparelDept. OTCDept. GroceryCOVID19Dept. FuelCVSData & InsightsWalmart 0 Saving Bookmark this article Bookmarked
Trends & External Forces Vertical Integration in Healthcare: 2023 Outlook for the Seven Major Players (Video) Consolidation has brought together large, economically significant insurer/PBM/specialty pharmacy/provider organizations within U.S. drug channels. At least half of all U.S. healthcare spending flows through these seven familiar entities: Blue Cross Blue Shield, Centene, Cigna, CVS Health, Elevance Health, Humana, and United Health Group. In the brief video clip below, I review these businesses and offer […] Drug Channels January 17, 2023January 17, 2023 2 min read Health & WellnessMarketing: SocialData & InsightsConsultingCVSStrategyMeta (Facebook)Dept. Pharmacy 0 Saving Bookmark this article Bookmarked
Technology & Innovation NRF Big Show to Spotlight Innovative Consumer Products and Workforce Solutions Everyone in the retail industry knows January means two things: lots of holiday returns and the venerable NRF Big Show, running Jan. 15-17, 2023 and featuring more than 950 exhibitors and 100 educational sessions. High-profile speakers for the event at New York City’s Javits Center include Olympic gymnast Simone Biles, actor and writer Kal Penn […] Retail TouchPoints January 13, 2023January 13, 2023 4 min read Technology & InnovationMetaverseBrick and MortarTrends: TechConsumersAssociatesHoliday & EventsMarketing: SocialDept. NonfoodMarketing: Retail MediaStore LocationLowesDept. ApparelData & InsightsStrategyPodcastsPartnershipsWalgreensKrogerOmnichannelAI / MLCompetitionInclusivityAmazonStreamingDept. BeverageShoppersConsultingMarketing: Direct & PersonalizationDept. Toys & GamesTargetReturnsTwitterDept. HBCNFTMarketing: Digital MediaInsight ProvidersOperations & Supply ChainGooglePredictions and ForecastsHome DepotWalmartTech: AITech: RoboticsTikTokHealth & WellnessExecutivesBest BuyDollar GeneralDeliveryCVSDept. Grocery7-Eleven & Speedway 0 Saving Bookmark this article Bookmarked 4
Media & Marketing The Big Three PBMs’ 2023 Formulary Exclusions: Observations on Insulin, Humira, and Biosimilars For 2023, the three largest pharmacy benefit managers (PBMs)—Caremark (CVS Health), Express Scripts (Cigna), and OptumRx (United Health Group)—have again increased the number of drugs they exclude from their standard formularies. Each exclusion list now contains about 600 products. Growth in the number of excluded drugs slowed for the second year, due partly to the […] Drug Channels January 11, 2023January 11, 2023 2 min read Marketing: SocialData & InsightsHealth & WellnessConsultingCVSCompetitionTechnology & InnovationMeta (Facebook)ESG and CSRDept. Pharmacy 0 Saving Bookmark this article Bookmarked
Trends & External Forces CVS making big investments in health clinics CVS Health is investing $100 million in Carbon Health, which operates 125 primary- and urgent-care clinics across the U.S. The pharmacy giant is also reported to be in negotiations to acquire Oak Street Health, which operates a chain of clinics for Medicare recipients. RetailWire January 11, 2023January 11, 2023 < 1 min read Health & WellnessCVSDept. PharmacyAcquisition 0 Saving Bookmark this article Bookmarked
Channel: Drug CVS, Walgreens will be able to sell abortion pills NEW YORK — With family planning rights under major threat in several states, the Food and Drug Administration (FDA) announced this week a move to expand access to abortion. Now chains such as CVS and Walgreens will be able to sell abortion pills to those with prescriptions. The FDA gave the green light to mifepristone […] MMR January 5, 2023January 5, 2023 2 min read WalgreensCVSGovernmentHealth & WellnessDept. PharmacyCOVID19StrategyRite AidStore LocationDept. NonfoodDept. Grocery 0 Saving Bookmark this article Bookmarked
Trends & External Forces FDA Authorizes Retail Pharmacies To Offer Abortion Pills From the New York Times: “For the first time, retail pharmacies, from corner drugstores to major chains like CVS and Walgreens, will be allowed to offer abortion pills in the United States under a regulatory change made Tuesday by the Food and Drug Administration. The action could significantly expand access to abortion through medication. “Until […] MorningNewsBeat January 5, 2023January 5, 2023 2 min read GovernmentBrick and MortarLegal & CriminalDept. PharmacyWalgreensPredictions and ForecastsHealth & WellnessDept. HBCDept. GroceryCVS 0 Saving Bookmark this article Bookmarked
Merchandising Top 10 2022 DSI Content Picks for the Best Online Experience DSI From forward-looking industry research to conversations with leading ecommerce innovators and practitioners, the Digital Shelf Institute (DSI) is committed to producing engaging, compelling, and insightful content you need to deliver the best online experience and take your business to the next level. As the DSI says goodbye to 2022, here’s a look back at some […] Digital Shelf Institute January 4, 2023January 4, 2023 9 min read MerchandisingMarketing: SocialTechnology & InnovationMarketing: Retail MediaOmnichannelPodcastsStrategyOperations & Supply ChainConsumersExecutivesPredictions and ForecastsSustainabilityPricing & PromotionsKrogerInstacartEconomyDeliveryData & InsightsCVSWalmartPepsiCoResults & InvestmentTrends: MarketingMarketing: In Store84.51 0 Saving Bookmark this article Bookmarked
Shopper & Customer Drug stores lock up entire categories of products, irritating shoppers Shrink is growing (yes, we said that) to damaging levels at chains stores nationwide, largely driven by organized crime rings, and the anti-theft measures being taken by Walgreens, CVS and Walmart are drawing attention for frustrating law-abiding shoppers. Walgreens has reportedly gone beyond locking up select, high-priced items in favor of putting entire categories of […] RetailWire December 31, 2022December 31, 2022 < 1 min read ShoppersBrick and MortarWalgreensWalmartAssociatesLegal & CriminalCVS 0 Saving Bookmark this article Bookmarked
Channel: Drug Rite Aid sees ‘opportunity’ to close more stores in 2023 Rite Aid’s struggle to hold its ground against CVS and Walgreens was evident in the company’s $67 million quarterly loss reported on Wednesday. Speculating on more store closings — following the 145 stores the chain shuttered in 2021 — Rite Aid Exec VP and CFO Matt Schroeder told analysts on its earnings call, “It’s not […] RetailWire December 23, 2022December 23, 2022 < 1 min read Rite AidBrick and MortarPredictions and ForecastsWalgreensExecutivesResults & InvestmentCVS 0 Saving Bookmark this article Bookmarked
Channel: Restaurants Chain stores have yet to recover in NYC from the ravages of the pandemic The new “State of the Chains” report from the Center for an Urban Future shows a slight uptick in store numbers for chains such as Dunkin’ and Starbucks, now with 620 and 316 locations in the five boroughs of New York City, but store counts for each have yet to return to 2019 highs, when […] RetailWire December 22, 2022December 22, 2022 < 1 min read RestaurantsCOVID19Brick and MortarPredictions and ForecastsCVS 0 Saving Bookmark this article Bookmarked
Technology & Innovation That was the retail technology year that was. Amazon Fresh stores face make or break moment Without a doubt, one of the biggest retail technology stories of 2022 was Amazon putting the brakes on the expansion of its UK checkout-free convenience stores. This was due to sales falling short of expectations and fit out costs being multiple times higher than with a standard location. The slowdown came despite a key hire […] Retail Technology Innovation Hub December 22, 2022December 22, 2022 < 1 min read Technology & InnovationAmazonBrick and MortarDept. FreshTescoTech: CashierlessOperations & Supply ChainOmnichannelStrategyStore LocationPredictions and ForecastsInternational - UKExecutivesDept. Toys & GamesDept. NonfoodCVS 0 Saving Bookmark this article Bookmarked
Channel: Drug CVS, Walgreens limiting purchases of kids’ pain and fever medicines NEW YORK — Both CVS and Walgreens said they are limiting how many children’s pain and fever medications customers can buy — the latest sign that pharmacies are struggling to keep up with demand for basic cold and flu remedies, as respiratory illnesses spike nationwide. CVS is limiting customers to a “two product limit on […] MMR December 21, 2022December 21, 2022 < 1 min read WalgreensCVSDept. OTCMarketing: SocialMarketing: In StoreJohnson & JohnsonDept. Pharmacy 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens, CVS limit sales of children’s meds due to ‘tripledemic’ With supplies ravaged amid the combined onslaught of COVID, flu and RSV strains this winter, drug chains CVS and Walgreens have taken steps to limit purchases of related medications for children. Currently, CVS has imposed a two-product limit on all children’s pain-relief products, both in-store and online. Walgreens has limited online orders of over-the-counter pediatric […] RetailWire December 20, 2022December 20, 2022 < 1 min read WalgreensCVSMarketing: In StoreCOVID19 0 Saving Bookmark this article Bookmarked
Channel: Drug CVS, Walgreens announce $10B opioid settlement NEW YORK — According to published reports, CVS and Walgreens both announced that they have agreed to pay state and local governments a combined total of more than $10 billion to settle lawsuits over the toll of opioids and now requesting by Dec. 31 whether states are accepting the deals. States announced final details Monday […] MMR December 15, 2022December 15, 2022 2 min read WalgreensCVSWalmartMarketing: SocialDept. PharmacyBrick and Mortar 0 Saving Bookmark this article Bookmarked
Trends & External Forces Video Forum: Prem Shah, CVS Health In this week’s Video Forum, Prem Shah, executive vice president and chief pharmacy officer of CVS Health and co-president of CVS Pharmacy, discusses the implications of the findings in the company’s recent “Rx Report: A New Day in Retail Pharmacy.” Among the topics he addresses are the trust that patients have in members of the […] MMR December 12, 2022December 12, 2022 8 min read Health & WellnessDept. PharmacyCVSCOVID19ConsumersExecutivesBrick and MortarThick DataAssociatesGovernmentDeliveryPredictions and ForecastsShoppersStore LocationSustainabilityTechnology & Innovation 0 Saving Bookmark this article Bookmarked
CPG: Food Your Views: Right To The End Responding to last week’s interview with Matthew Lee Sawyer, author of “Make it In America: How International Companies & Entrepreneurs Can Successfully Enter & Scale in US Markets,” MNB reader Tom Murphy wrote: Great interview, both in terms of content and insights. The failure of most of the examples discussed were the result of what […] MorningNewsBeat December 12, 2022December 12, 2022 4 min read Dept. DairyExecutivesCVSAssociatesAlbertsons / SafewayDept. FreshKrogerAmazonDept. GroceryDept. RefrigeratedDept. PharmacyInternationalGovernmentData & InsightsMergersHoliday & EventsKraftHeinzEconomyDivestituresDept. PerimeterBrick and MortarResults & InvestmentDeliveryStore LocationCOVID19Big DataStrategySustainabilityInsight ProvidersTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Trends & External Forces Small Pharmacies Walk Away from Medicare Part D’s 2023 Preferred Networks In yesterday’s post, I highlighted the largest pharmacy chains that will participate in the 2023 Medicare Part D prescription drug plans (PDP). Today, I update our annual analyses of how smaller pharmacies will participate as preferred cost sharing pharmacies via the pharmacy services administrative organizations (PSAOs) that represent them in negotiations with plans. As you […] Drug Channels December 7, 2022December 7, 2022 2 min read Predictions and ForecastsData & InsightsMarketing: SocialHealth & WellnessDept. PharmacyConsultingWalgreensWalmartStrategyMeta (Facebook)CVS 0 Saving Bookmark this article Bookmarked
Media & Marketing Your Views: Bend In The Road Yesterday, after posting an email from MNB reader Lauren G. D. Redman, CEO of Newport Avenue Market in Bend, Oregon, I wrote that she is “both an MNB fave and one of the best independents out there.” One MNB reader responded: Shout out to Newport Avenue Market. I took a few months between jobs during […] MorningNewsBeat December 6, 2022December 6, 2022 3 min read AmazonCVSDept. FreshBrick and MortarStreamingDept. Adult BevDept. BeverageAssociatesDept. Fresh PreparedDept. PetDept. PharmacyExecutivesMarketing: Digital MediaMarketing: In StoreDept. PerimeterTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Trends & External Forces CVS, Walgreens, and Walmart Keep Position in 2023 Part D Preferred Networks—While Kroger Bails Over its Express Scripts Blowup In Preferred Pharmacy Networks in 2023’s Medicare Part D Plans: Cigna, CVS Health, Humana, UnitedHealthcare, WellCare, and More, I highlighted how those networks have taken over the world of stand-alone Medicare Part D prescription drug plans (PDP) and become a major presence in Medicare Advantage prescription drug (MA-PD) plans. Today, I examine the seven largest […] Drug Channels December 6, 2022December 6, 2022 5 min read Predictions and ForecastsDept. PharmacyWalgreensKrogerCVSWalmartMarketing: SocialData & InsightsHealth & WellnessRite AidAlbertsons / SafewayPublixConsultingEconomyMarketing: In StoreMergersMeta (Facebook) 0 Saving Bookmark this article Bookmarked
International Department: Food Acquisitions, Divestitures & Mergers Corporate Finance International Trends & External Forces Mondelēz International Reports Q4 and FY 2022 Results Full Year Highlights Net revenues for the full year increased +9.7% driven by Organic Net Revenue1 growth of +12.3% with underlying Volume/Mix of +2.7%. For the fourth quarter, Net revenues increased +13.5% driven by Organic Net Revenue1 growth of +15.4% with underlying Volume/Mix of +1.6% Diluted EPS was $1.96, down 35.5%; Adjusted EPS1 was $2.95, up +11.9% on […] Written by Mondelez February 1, 2023February 1, 2023 Saving Bookmark this article Bookmarked
Technology & Innovation Technology & Innovation Trends & External Forces Associates & Employees Robots could surpass workers at Amazon by 2030, Cathie Wood says KEY POINTS “We are just at the dawn of the robotics age. And I would say artificial intelligence and battery technology are all a part of that movement as well,” Cathie Wood said. Amazon had more than 1.6 million workers at the end of 2021, according to its most recent annual report. Wood’s Ark Innovation […] Written by CNBC February 1, 2023February 1, 2023 Saving Bookmark this article Bookmarked
Channel: Dollar/Value Department & Category ESG Partnerships & Alt Profit International Stores & Formats Aldi expands Too Good To Go partnership nationwide following successful trial Aldi is rolling out its partnership with the world’s largest surplus food platform, Too Good To Go, across all of its 990 UK stores. Following a successful trial last year, Aldi is now offering surplus food bags available nationwide, in a bid to tackle food waste while also offering even lower prices to customers. The […] Written by Talking Retail February 1, 2023February 1, 2023 Saving Bookmark this article Bookmarked
Shopper & Customer Channel: Ecommerce & Digital Channel: Grocery Department & Category Department: Nonfood Corporate Strategy Corporate Finance Media & Marketing Retailer Media Agencies & Vendors Data & Insights Shopper & Customer Technology & Innovation Trends & External Forces Retail Operations Stores & Formats dunnhumby’s Sixth Annual Retailer Preference Index (RPI) for U.S. GroceryTHE GROCERS BEST ‘BUILT TO LAST’ H-E-B, Costco Best Navigate The 2020 – 2022 Pandemic Grocery Market Upheaval, Bumping Amazon From Its Top Ranking Customers emerged from 2020 – 2022 placing more importance than ever on finding the right balance of savings and quality while placing less importance on saving time. Pandemic surge in retailer digital capabilities and consumer digital adoption […] Written by dunnhumby February 1, 2023February 1, 2023 Saving Bookmark this article Bookmarked
Data & Insights Department & Category Department: Food Data & Insights Shopper & Customer Trends & External Forces Associates & Employees Holiday & Events Charted: U.S. Egg Prices More Than Double in 2022 Charted: U.S. Egg Prices Double in 2022 Eggs are a staple food for many countries around the world, and the U.S. is no exception. Americans eat between 250‒280 eggs a year on average. Eggs are also easy to cook, protein-dense and supply many daily vitamins needed for healthy living, making them a popular meal or […] Written by Visual Capitalist February 1, 2023February 1, 2023 Saving Bookmark this article Bookmarked