CVS

  1. Channel: Mass

Walmart to Buy TV Maker Vizio for $2.3B

Walmart has agreed to buy TV maker Vizio, the companies announced Tuesday, as the largest U.S. retailer grows its high-profit ad business, reports CNBC. Walmart will acquire Vizio for $2.3 billion, or $11.50 per share, in cash. The big-box retailer announced the acquisition as it reported its fourth-quarter earnings. Walmart and its Sam’s Club warehouse […]
< 1 min read
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  1. Channel: Drug

CVS Rage Takes Hold As Shoppers Are “Thrust Into Despair”

The Boston Globe has a piece about “CVS rage,” which it characterizes this way: “CVS, how do we hate thee? Let us count the ways: “We dread thine long pharmacy lines, that sometimes end in frustration, with a stressed-looking employee rooting around aimlessly for a bag with your name on it, or informing you that […]
2 min read
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  1. Media & Marketing

Target Mulls Paid Loyalty Program

Target could soon be following in the footsteps of competitors Amazon, Walmart and Kroger by introducing a paid membership program, according to reporting by Bloomberg and other media outlets quoting people familiar with the matter. Titled “Project Trident” internally, the new program could launch as soon as this year. The retailer already offers its free […]
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  1. Trends & External Forces

Walgreens Boots Alliance Exec Appointments: Shakeups Reaffirm Focus on Healthcare

Walgreens Boots Alliance (WBA) CEO Tim Wentworth has made three new executive appointments that reaffirm the company’s focus on health services and retail pharmacy. “Today’s announcement solidifies the leadership team that will carry WBA into its future as we look to expand our reach beyond neighborhood pharmacies into the fastest-growing areas of healthcare,” Wentworth said […]
2 min read
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  1. Trends & External Forces

CVS beats Q4 sales and earnings projections

WOONSOCKET, R.I. — CVS Health topped analysts’ forecasts for fourth quarter sales and profits, but cut its full year earnings outlook, citing rising medical costs that are hurting the insurance industry. Revenue for the three months ended December 31 climbed 11.9% from the year-ago period to $93.81 billion, beating Wall Street’s estimate of $90.41 billion. […]
6 min read
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  1. Partnerships & Alt Profit

How CVS Media Exchange Creates Connected Experiences for Customers and Brands

While at NRF 2024: Retail’s Big Show in New York City, Editor-in-Chief Joe Keenan spoke with Parbinder Dhariwal, vice president and general manager at CVS Media Exchange, CVS Health’s retail media network. Dhariwal provides an overview of the retail media arm of the CVS business, including the benefits it brings to both third-party brands and […]
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  1. Technology & Innovation

Your Views:  Making Up For Lost Time

Reacting to Amazon’s plan to create a pay tier for its Alexa smart speaker system, one MNB reader wrote: Our main household use for Alexa is to control lights, heat, and A/C.  If they start charging for it, we will stop using it.  There are many other platforms available for home control that do not […]
16 min read
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  1. Trends & External Forces

The Disconnect Behind CVS’s Failed Healthcare Ambitions

The Boston Globe the other day had a really interesting story about how CVS’s ambitions to become a healthcare powerhouse have gone largely unrealized. “CVS’s vision for now remains largely aspirational,” the Globe writes.  “The company faces challenges — some born of its own success — with no easy solutions.” The Globe writes that “the […]
2 min read
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  1. Trends & External Forces

Drug Channels News Roundup, January 2024: 2024 List Price Surprises, GSK vs. PBMs, Walgreens’ 340B Profits, Gen Z vs. Pharmacy, and PE + Hospitals

Super Bowl LVIII is almost here. Time for some blow-out beer commercials, occasionally interrupted by a football game. In case you haven’t heard, Taylor Swift is dating the brother of Paula’s favorite Eagles player. But who needs the Super Bowl when you can tackle this month’s selection of notable news stories, intercepted for you from […]
2 min read
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  1. Channel: Grocery

SEG completes sale of Fresco y Más

JACKSONVILLE, Fla. — Southeastern Grocers  said it has completed the divestiture of its Fresco y Más operations via a sale of the banner to an investment group, which plans to maintain existing operations at the locations. SEG last year announced plans to sell the chain to Fresco Retail Group LLC as part of its ongoing […]
2 min read
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  1. Retailer Media

Retail Media: Everything You Need to Know

For several years now the term “retail media” has been buzzing around both retail and media circles. Whether you’re looking for a deeper understanding of the implications and applications of retail media or need a down-and-dirty explainer on what retail media actually is, you’ve landed in the right place. This special Retail TouchPoints resource hub […]
14 min read
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  1. Channel: Drug

Walgreens CEO Sees Customers/Patients As ‘Leverage-able Assets’

CNBC has an interview with Walgreens CEO Tim Wentworth in which he says that the company “is using its stores and brand to bolster its developing health-care business. “Walgreens has made significant investments over the past few years to expand beyond a drugstore chain into a large health-care company. Wentworth acknowledged that the company has […]
2 min read
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  1. Media & Marketing

CVS Revamps Loyalty Program into Simplified Two-Tier Offering

CVS Pharmacy has evolved its loyalty program into two simplified membership tiers: the free loyalty tier will remain branded as ExtraCare, while the paid membership — previously called CarePass — has been rebranded as ExtraCare Plus. Launched nationwide in 2019, the newly renamed ExtraCare Plus program currently has more than 6.5 million members, on top of the more […]
2 min read
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  1. Channel: Ecommerce & Digital

Target Pauses Shipt Deliveries in Seattle Over New Gig Worker Laws

The Seattle Times reports that Target plans to suspend deliveries by its Shipt service in Seattle this month, a reaction to new ordinances passed by the City Council. Those ordinances were designed to protect gig workers, requiring minimum pay and paid sick time off. However, Target says that those ordinances “impose challenges for Shipt to […]
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  1. Media & Marketing

Drug Channels News Roundup, December 2023: CVS’s New GPO, Medicaid vs. PBMs, 340B in Part D, and a Rockin’ Ex-CEO

Happy New Year, everyone! It has been another wild year for our ever-evolving healthcare system. Thank you, dear readers, for welcoming Drug Channels into your inboxes, browsers, and apps. I’m proud of the diverse and thoughtful audience who follows and comments on our unique content. The Drug Channels community now encompasses 50,000+ LinkedIn followers, 25,000+ […]
2 min read
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  1. Trends & External Forces

Rx Records  Being Provided To Law Enforcement, No Warrant Required

The Washington Post reports that “the nation’s largest pharmacy chains have handed over Americans’ prescription records to police and government investigators without a warrant, a congressional investigation found, raising concerns about threats to medical privacy. “Though some of the chains require their lawyers to review law enforcement requests, three of the largest — CVS Health, […]
2 min read
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  1. Channel: Drug

What’s Behind CVS Health’s Novel Vertical Integration Strategy for Humira Biosimilars (rerun)

This week, I’m rerunning some popular posts while I prepare for Friday’s Drug Channels Outlook 2024 live video webinar. Click here to see the original post from September 2023. One update: CVS Caremark’s 2024 formulary for patient-administered autoimmune products prefers: Humira Hyrimoz (the high WAC Sandoz biosimilar) adalimumab-adaz (the unbranded, low WAC Sandoz biosimilar) Perhaps coincidentally, […]
2 min read
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  1. Department: HBC

Your Views:  We All Deserve A Break Today

Lots or response to yesterday’s FaceTime, in which I went to McDonald’s to road test the supposedly new-and-improved burgers that have been seven years in the making. MNB reader Barbara Watters wrote: Love the morning FaceTimes.  Your McDonald’s segment had me remembering my recent Big Mac a few weeks ago.  Blah and bleg.  The flavor […]
10 min read
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  1. Channel: Drug

What CVS Pharmacy’s New Cost-Plus Reimbursement Approach Means for PBMs, Pharmacies, Plan Sponsors, and Prescription Prices

Is the world ready for new ways to price pharmacy and pharmacy benefit manager (PBM) services? CVS Health thinks so, as evidenced by two new initiatives that it announced yesterday. Below you’ll find details and links to source documents. I commend CVS Health for attempting to address key economic challenges facing the retail pharmacy industry […]
3 min read
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Retailers Gain Control of Their Sustainability Goals as the ESG Storm Clouds Start to Gather Over Operations

Using event-driven architecture (EDA), retailers must link essential data at speed and scale throughout their ecosystems near and far to come to grips with now essential environmental, social and governance (ESG) reporting in three key areas. 1. Dead Heading — Optimizing Transportation/Emissions on Every Journey When it comes to transportation within the retail sector, any […]
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  3. Channel: Ecommerce & Digital
  4. Channel: Grocery
  5. Department: Food
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  9. Technology & Innovation
  10. Trends & External Forces
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  13. Stores & Formats

Why Amazon’s Just Walk Out initiative failed – and why it’s not the end of checkout free technology

It recently emerged that Amazon’s Just Walk Out offering is being dropped from Amazon Fresh stores. However, it’s not checkout-free tech that’s failing, it’s the fact that Amazon’s checkout free solution doesn’t work, especially in grocery retailers, argues Will Glaser, Founder and CEO at Grabango. In the dynamic grocery retail landscape, a transformative wave is […]
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