CVS

  1. Channel: Drug

Your Views:  On Drugs

Got the following email from MNB reader Michael Blackburn: Regarding CVS and Walgreens (not even going to bring in the bankrupt Rite Aid into this discussion as they have been failing for the past two decades), when exactly were they poised to take over the U.S. healthcare system?  Historically, drug stores sold scripts with a […]
3 min read
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  1. Channel: Drug

FaceTime with the Content Guy:  Unhealthy Ambitions

The Los Angeles Times recently has a column about how Walgreens, CVS and Rite Aid tried to take over healthcare – and failed.  I think the piece got it partly right – healthcare is in fact a tough nut to crack.  But I also believe that the Times missed one critical factor – that CVS, […]
< 1 min read
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  1. Partnerships & Alt Profit

Claire’s Adds Kohl’s to Growing Roster of Retail Partnerships

Claire’s is adding to its growing retail presence through a new partnership with Kohl’s that will see an assortment of the brand’s jewelry, accessories and cosmetics featured in Kohl’s stores nationwide in time for the holiday season. Claire’s activation at Kohl’s began rolling out in early October and will be live at 700 Kohl’s across […]
2 min read
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  1. Channel: Drug

CVS Health celebrates annual Paragon Award Winners

WOONSOCKET, R.I. — CVS Health has announced their annual Paragon Award Winner’s, the best of the best across Pharmacy, Front Store and Distribution Centers. There were a total of 12 winners. The annual Paragon Awards recognize the best of the best among CVS Health colleagues and are among the highest honors awarded by the company. […]
6 min read
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  1. Trends & External Forces

The Growing Expanse Of Pharmacy Deserts

The Washington Post writes that “after decades of expansion, the nation’s largest drugstore chains are closing hundreds of stores as they reorient their operations against rising competition, a crush of opioid lawsuits and other forces — relegating many already-vulnerable communities into pharmacy deserts. “Rite Aid, which filed for Chapter 11 bankruptcy protection last week, CVS […]
2 min read
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  1. Channel: Mass

SN Top: Sobeys, Walmart, Walgreens top the week's headlines

    [[“value”:” In this week’s recap of the Top 10 most popular Supermarket News articles, the top story was Sobeys vegetable supplier calls it quits. A supplier of some vegetables to Sobeys stores has sold its operations, reports Canada news outlet Saltwire. Sawler Gardens’ sale with a local farmer located about a mile from its land located on […]
< 1 min read
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  1. Channel: Grocery

Register for NACDS’ 90th anniversary celebration

NEW YORK — Time is running out to register for NACDS’ 90th anniversary celebration. Chain Drug Review, Drug Store News, The Emerson Group and MMR have joined forces to celebrate the contributions of the National Association of Chain Drug Stores and community pharmacy retailers. Registration is open for this special event, which will be held […]
4 min read
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  1. Channel: Drug

Walgreens Agrees to $192.5 Million Settlement with Shareholders over Failed Rite Aid Merger

Just three weeks before it was set to go to trial, Walgreens Boots Alliance (WBA) has agreed to pay $192.5 million to settle a class-action lawsuit brought by investors who claim they were misled by the company about the likelihood of a successful 2015 merger with Rite Aid, multiple sources report.   In late 2015, […]
2 min read
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  1. Channel: Drug

Your Views:  Performance Issues

This reaction to our story about Rite Aid’s bankruptcy: Sad story about Rite-Aid.  Living in a town that has all three (RA, CVS, & Walgreens), I foresee the only thing keeping the Rite-Aid open is the fact that it is in a neighborhood area and likely gets decent local foot traffic.  I cannot imagine that’s […]
4 min read
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  1. Technology & Innovation

AI among the hot topics at this year’s Industry Day

AMBLER, Pa. — Two short spans of time — one just over 7 seconds and the other just under 15 minutes — were among the many talking points at The Emerson Group’s 2023 Industry Day last week. The day-long event brought together retailers and suppliers, brand innovators and other thought leaders to discuss the future […]
8 min read
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  1. Channel: Drug

Rite Aid Files For Bankruptcy

Rite Aid, the nation’s third largest drug store chain, filed for Chapter 11 bankruptcy protection yesterday. The New York Times writes that the company is “weighed down by billions of dollars in debt, declining sales and more than a thousand federal, state and local lawsuits claiming it filled thousands of illegal prescriptions for painkillers. Rite […]
2 min read
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  1. Channel: Drug

CVS Health CFO Shawn Guertin to take leave of absence

WOONSOCKET, R.I. — CVS Health said Monday that Shawn Guertin, executive vice president, chief financial officer and president of Health Services, will be taking a leave of absence due to unforeseen family health reasons. Senior Vice President of Corporate Finance Tom Cowhey has been appointed interim CFO, and Oak Street Health CEO Mike Pykosz has […]
2 min read
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  1. Channel: Drug

Walgreens Facing Mass Labor Action

From Business Insider, a story about how “hundreds of pharmacists and other employees” at Walgreens store around the country “could walk out of the job on Monday to protest what they say are increasingly miserable working conditions, according to multiple news reports … At issue is working conditions for those in the pharmacy section of […]
2 min read
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  1. Department: Food

Schnucks to launch 2nd ‘fresh’ smaller concept store

    [[“value”:” Schnucks Markets Inc. is getting ready to unveil a second “fresh” store in Oak Grove Village, Mo. The location will offer fresh food options in a smaller format than regular Schnucks stores. The idea is to provide smaller communities with a full-scale grocery store without a large footprint. The ribbon cutting will […]
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  1. Media & Marketing

Four Crucial Questions about the Humira Biosimilar Price War (rerun)

This week, I’m rerunning some popular posts while I put the finishing touches on our new 2023-24 Economic Report on Pharmaceutical Wholesalers and Specialty Distributors. Since I published the article below in July 2023, there have been three notable market develpoments: IQVIA has reported that as as of mid-2023, there was almost no adoption of […]
3 min read
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  1. Trends & External Forces

Q&A: Jake White, VP of Merchandising, Consumer Health and Wellness, CVS Health

ECRM & RangeMe SVP of Retail Wayne Bennett held a virtual fireside chat with Jake White, Vice President of Merchandising, Consumer Health and Wellness Supplemental Benefits at CVS Health to discuss its omnichannel approach, innovations in its assortments, shifts in consumer behavior post-pandemic and how the chain seeks to become “the front door to healthcare […]
6 min read
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  1. Trends & External Forces

Five (or Maybe Six?) Reasons that the Largest PBMs Operate Group Purchasing Organizations (rerun)

This week, I’m rerunning some popular posts while I put the finishing touches on DCI’s new 2023-24 Economic Report on Pharmaceutical Wholesalers and Specialty Distributors. Click here to see the original post from May 2023. In The Top Pharmacy Benefit Managers of 2022: Market Share and Trends for the Biggest Companies, I shared Drug Channels […]
2 min read
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  1. Trends & External Forces

Gift cards top scammers’ wish lists

Gift cards make great holiday gifts. But reports to FTC show that scammers like getting them, too. Scammers don’t ask nicely, though.
4 min read
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  1. Corporate Strategy

Why Chief Customer Officer Is the Hottest Job in Retail

Retailers, including Foot Locker and CVS, are appointing chief customer officers (CCOs) in response to changing consumer behavior and slumping sales. CCOs focus on the entire shopping journey, aiming to strengthen brand-consumer relationships and drive loyalty. This shift represents an evolution rather than an elimination of the CMO role, with the CCO tasked with building…
< 1 min read
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  1. Media & Marketing

Drug Channels News Roundup, September 2023: PBM Profits, Specialty Rx Markups, CVS Spending Trends, Pharmacy Pricing Secrets, and Deductibles 101

Autumn is here! Curl up with your favorite pumpkin-spiced blog and savor these stories harvested from the great Drug Channels patch: A must-read report on hidden sources of PBMs’ profits How generic drugs drive specialty pharmacy profits CVS Health’s unadvertised 2022 drug trend report A shocking look at how PBMs set prescription prices Plus, Dr. […]
2 min read
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  1. Trends & External Forces

Costco Gets Into Healthcare Business

The Seattle Times reports that Costco is making a healthcare play, offering its customers/members access to online primary care visits for $29, and mental health visits for $79. The services are being offered through the online health marketplace Sesame, which also will offer Costco members 10 percent off other health services.  The Times says that […]
2 min read
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  1. Channel: Drug

Costco Teams up With Google-Backed Health Startup To Offer $29 Virtual Doctor’s Visits to Members

Warehouse giant Costco is teaming up with Sesame, a healthcare marketplace startup backed by Google, to offer its members virtual doctor’s visits for just $29. This partnership follows similar ventures by Walmart, Amazon, CVS, and Walgreens, as retailers increasingly expand into primary care. In addition to low-cost virtual visits, Costco members will also gain access…
< 1 min read
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  1. Channel: Drug

CVS Is Permanently Closing Hundreds of Stores for a Surprising Reason

As the pandemic’s impact on brick-and-mortar retail lingers, the U.S. drugstore landscape is undergoing significant changes. CVS, the largest drugstore chain in America, is implementing a policy change that will lead to the closure of hundreds of stores over the next three years, aiming to optimize store locations based on population shifts and consumer buying […]
< 1 min read
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  1. Channel: Drug

Report: Rite Aid to Close Hundreds of Stores in Bankruptcy Filing

Rite Aid is negotiating terms of a bankruptcy plan that could see a significant number of its more than 2,100 drugstores permanently close, according to a report. People familiar with the company’s talks with creditors told The Wall Street Journal that Rite Aid has proposed to close as many as 500 stores in bankruptcy, and either sell […]
< 1 min read
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  1. Trends & External Forces

CVS Health appoints Michael F. Mahoney to its board of directors

    [[“value”:” CVS Health Corporation has appointed Michael F. Mahoney, Chairman and CEO of Boston Scientific Corporation, a global medical technology leader, to serve on the Board of Directors of CVS Health, effective November 1. “Mike’s focus throughout his career – to drive improvements in health outcomes and increase access to care – align […]
2 min read
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  1. Data & Insights

Do Plan Sponsors Understand How Their PBMs Make Money?

Today, the House Committee on Oversight and Accountability will hold a hearing with a subtle and not-at-all pejorative title: The Role of Pharmacy Benefit Managers in Prescription Drug Markets Part II: Not What the Doctor Ordered. To help you prepare, I share fresh insights from a new survey of PBMs’ plan sponsor clients. As you […]
2 min read
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  1. Channel: Drug

California’s Pharmacies In Crisis

The Los Angeles Times reports that “California pharmacies make an estimated 5 million errors every year, according to the state’s Board of Pharmacy.” It is only an estimate, the Board of Pharmacy says, because “pharmacies are not required to report them.” According to the story, “Most of the mistakes that California officials have discovered, according […]
< 1 min read
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  1. Channel: Drug

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

CVS Health has finally revealed its strategy for biosimilars of AbbVie’s Humira. Rather than announce multiple biosimilars for its pharmacy benefit manager (PBM) formulary, the company will instead launch Cordavis, a new subsidiary that will market a private label, low-list-price version of Sandoz’ Hyrimoz. Here’s the press release: CVS Health Launches Cordavis. Below, I highlight […]
2 min read
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  1. Channel: Drug

CEO Departure Reflects Walgreens’ Shift In Priorities

Walgreens Boots Alliance announced on Friday that its CEO, Rosalind Brewer, has left the company in what was described as a “mutual decision.” According to the company, Ginger Graham, a member of its board of directors, has been named interim CEO as a search for a replacement to Brewer is conducted. The New York Times […]
2 min read
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Could AI Be Your Next Stylist? Consumers Are Ready

Keeping up with nanosecond social media trends is a never-ending challenge for retail brands and shoppers. In addition to responding to these fast-paced microtrends, merchandisers face increased pressure to incorporate cutting-edge personalization techniques that drive authentic shopping experiences and cultivate brand loyalty. So, what’s the answer to remaining innovative and on-trend in 2024? According to […]
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  2. Channel: Grocery
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Kroger considers Disney+ perk for grocery delivery members

​US retail giant Kroger is reportedly in talks with the Walt Disney Company to offer the Disney+ streaming service as a benefit to paying members of its Kroger Boost grocery delivery programme. The post Kroger considers Disney+ perk for grocery delivery members appeared first on Retail Insight Network.
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Sam’s Club Expands Store Rollout of AI-Powered Exit Tech

Walmart-owned Sam’s Club says it’s turning to artificial intelligence to speed up its own exit technology. Instead of requiring store staff to check members’ purchases against their receipts when leaving the store, Sam’s Club customers who pay either at a register or through the Scan & Go mobile app can now walk out of the […]
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