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 […] MorningNewsBeat December 7, 2023December 7, 2023 10 min read Dept. PharmacyCVSDept. GroceryAssociatesRestaurantsBrick and MortarHealth & WellnessShoppersDeliveryHoliday & EventsTechnology & InnovationWalmartDept. OTCWeatherPredictions and ForecastsDept. FreshReturnsOperations & Supply ChainWalgreensLegal & CriminalNestlePartnershipsPricing & PromotionsGrubhubEconomyStore LocationFood DeliveryDept. DairyCoca ColaDept. PaperDept. Adult BevResults & Investment 0 Saving Bookmark this article Bookmarked
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 […] Drug Channels December 6, 2023December 6, 2023 3 min read CVSDept. PharmacyPredictions and ForecastsMarketing: Social MediaHealth & WellnessData & InsightsConsultingWalgreensMeta (Facebook)Economy 0 Saving Bookmark this article Bookmarked
Channel: Drug CVS Says It Wants To Simplify Prescription Drug Pricing The Wall Street Journal reports that CVS Health plans to “move away from the complex formulas used to set the prices of the prescription drugs it sells, shifting to a simpler model that could upend how American pharmacies are paid.” The goal, the story says, is to have “CVS’s roughly 9,500 retail pharmacies … reimbursed […] MorningNewsBeat December 5, 2023December 5, 2023 2 min read CVSDept. PharmacyPredictions and ForecastsOperations & Supply ChainHealth & WellnessEconomy 0 Saving Bookmark this article Bookmarked
Trends & External Forces Drug Wholesalers and Brand-Name Drug Prices: Understanding CVS Health/McKesson and Why Pharmacies Lose Money on GLP-1s Consider two apparently unrelated drug channel anomalies: In McKesson’s 2023 fiscal year, CVS bought $75 billion in pharmaceuticals from McKesson’s wholesale business—a jump of more than 35% compared with the previous year. Despite skyrocketing sales for anti-obesity GLP-1 drugs, many retail pharmacies are losing money on every prescription. The common factor behind these two disparate […] Drug Channels December 5, 2023December 5, 2023 2 min read CVSHealth & WellnessMarketing: Social MediaPredictions and ForecastsEconomyData & InsightsConsultingMeta (Facebook)Dept. Pharmacy 0 Saving Bookmark this article Bookmarked
Trends & External Forces CVS Launches Programs to Add Transparency to Prescription Pricing CVS Health will launch a new model for pharmacy reimbursements designed to bring greater transparency and simplicity to the system. CVS CostVantage, which the company plans to launch in 2025, will define the drug cost and related reimbursement with contracted pharmacy benefit managers (PBMs) and payors, using a transparent formula built on the cost of […] Retail TouchPoints December 5, 2023December 7, 2023 2 min read Health & WellnessCVSDept. PharmacyConsumersWalgreensAcquisitionPredictions and ForecastsShoppersMarketing: Social MediaDept. HBCAmazonPricing & PromotionsExecutivesBest BuyTechnology & InnovationSustainabilityMarketing: TradePartnershipsDelivery 0 Saving Bookmark this article Bookmarked
Stores & Formats Two more Ohio CVS stores face scrutiny over pharmacy violations [[“value”:”A state board is investing working conditions”]] Supermarket News December 5, 2023December 5, 2023 < 1 min read Dept. PharmacyCVSBrick and Mortar 0 Saving Bookmark this article Bookmarked
Retail Operations Building Omnichannel Capabilities with Bayer’s Ajay Sharma The CPGGUYS are joined in this episode by Ajay Sharma, North America VP of eCommerce & Omnichannel for Bayer Consumer Health, manufacturer of iconic brands like One-A-Day, Advil, Claritin, Alka-Seltzer, & Miralax. Follow Ajay Sharma on LinkedIn : https://www.linkedin.com/in/ajay-sharma-26900360/Follow Bayer on Linkedin : https://www.linkedin.com/company/bayer/Follow Bayer online at: https://www.bayer.com/ Ajay answers these questions : Take us […] The CPG Guys December 2, 2023December 2, 2023 2 min read OmnichannelMarketing: Social MediaData & InsightsMarketing: Retail MediaPodcastsConsumersDept. PharmacyTechnology & InnovationAICoca ColaInternational - UKStrategyHealth & Wellness 0 Saving Bookmark this article Bookmarked
Retail Operations Building Omnichannel Capabilities with Bayer’s Ajay Sharma The CPGGUYS are joined in this episode by Ajay Sharma, North America VP of eCommerce & Omnichannel for Bayer Consumer Health, manufacturer of iconic brands like One-A-Day, Advil, Claritin, Alka-Seltzer, & Miralax. Follow Ajay Sharma on LinkedIn : https://www.linkedin.com/in/ajay-sharma-26900360/Follow Bayer on Linkedin : https://www.linkedin.com/company/bayer/Follow Bayer online at: https://www.bayer.com/ Ajay answers these questions : Take us […] The CPG Guys December 2, 2023December 4, 2023 2 min read OmnichannelMarketing: Social MediaData & InsightsMarketing: Retail MediaPodcastsConsumersDept. PharmacyTechnology & InnovationAICoca ColaInternational - UKStrategyHealth & Wellness 0 Saving Bookmark this article Bookmarked
Media & Marketing How Direct-to-Consumer Rx Platforms Help Patient Support Programs Succeed Today’s guest post comes from Josh Bliss, Head of Pharma Solutions at SingleCare. Josh outlines manufacturers’ challenge when educating and informing patients about patient support programs. He then describes the SingleCare prescription discount card and Pharma Solutions, which provides manufacturers with a platform to reach patients. Click here to learn how manufacturers can advertise patient […] Drug Channels December 1, 2023December 1, 2023 2 min read Marketing: Social MediaData & InsightsConsumersTwitterSponsoredDept. PharmacyConsultingShoppersMeta (Facebook) 0 Saving Bookmark this article Bookmarked
Media & Marketing Drug Channels News Roundup, November 2023: My $0.02 on Express Scripts’ Cost-Based Pricing, Mark Cuban vs. PBMs, Dual-WAC Strategies, Pharmacy Shakeout, and Adam vs. Rocky I hope everyone enjoyed the Thanksgiving holiday. Now that you’ve stretched your stomach, it’s time to stretch your mind with some food for thought. In this issue: A reality check on Express Scripts’ purported “cost-based” pharmacy network Mark Cuban explains how and why the PBM market will change Why two drug prices are better than […] Drug Channels November 28, 2023November 28, 2023 2 min read Marketing: Social MediaDept. PharmacyTwitterData & InsightsPredictions and ForecastsConsultingHoliday & EventsMeta (Facebook)Health & WellnessDept. PetDept. Grocery 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens Pivots To Store-Based Home Delivery The Wall Street Journal reports that “Walgreens Boots Alliance is betting its 8,700 bricks-and-mortar stores, and not a network of fulfillment centers, hold the key to speeding up delivery of online consumer orders and increasing sales. “The pharmacy giant recently closed a warehouse in Edwardsville, Ill., dedicated to filling e-commerce orders for household items such […] MorningNewsBeat November 21, 2023November 21, 2023 2 min read WalgreensDeliveryBrick and MortarOperations & Supply ChainHealth & WellnessDept. PharmacyCVSMarketing: In StoreTargetStrategyDoorDashWalmartFood DeliveryEconomyDept. NonfoodConsumersAssociates 0 Saving Bookmark this article Bookmarked
Channel: Mass Walmart’s Q3 Numbers Show Continued Strength in Multiple Segments Walmart yesterday released its Q3 numbers, saying that it had total revenue of $160.8 billion, up 5.2% from the same period a year ago, on US same store sales that were up 4.9 percent and digital sales that were up 24 percent. The company said that Sam’s Club same-store sales were up 3.8 percent, with […] MorningNewsBeat November 17, 2023November 17, 2023 2 min read WalmartShoppersEconomyHoliday & EventsResults & InvestmentAmazonMarketing: Loyalty & SubscriptionDept. NonfoodDept. FreshDept. DairyInternationalConsumersHealth & WellnessMarketing: Retail MediaExecutivesDept. ApparelDept. Toys & GamesBrick and MortarDept. RefrigeratedDept. PharmacyWalmart ConnectPredictions and Forecasts 0 Saving Bookmark this article Bookmarked
Data & Insights Simplify and Accelerate Benefits Verification with a Fully Integrated, Adaptable Platform Today’s guest post comes from Maria Kirsch, President of Patient Services at EVERSANA. Maria discusses the challenges patients and healthcare providers face accessing specialty therapies. She introduces us to ACTICS® eAccess, EVERSANA’s technology platform for electronic prior authorization and benefits verification that can be used for both the pharmacy benefit and the medical benefit. To […] Drug Channels November 17, 2023November 17, 2023 2 min read Data & InsightsMarketing: Social MediaTechnology & InnovationSponsoredConsultingShoppersMeta (Facebook)Health & WellnessESG and CSRDept. Pharmacy 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens loses chief human resources officer [[“value”:”This is the latest in a string of top-level departures for the pharmacy giant”]] Supermarket News November 17, 2023November 17, 2023 < 1 min read WalgreensDept. Pharmacy 0 Saving Bookmark this article Bookmarked
Trends & External Forces Medicare Part D in 2024: Mapping Large Chains’ Position in 2024’s Preferred Pharmacy Networks In Medicare Part D in 2024: The Seven Largest Companies’ Preferred Pharmacy Networks and the Coming Collapse of the PDP Market, I documented how those networks now dominate stand-alone Medicare Part D prescription drug plans (PDPs) and have become a major presence in Medicare Advantage prescription drug (MA-PD) plans. Today, I examine the seven largest […] Drug Channels November 15, 2023November 15, 2023 2 min read Predictions and ForecastsDept. PharmacyData & InsightsMarketing: Social MediaConsultingWalmartRite AidMeta (Facebook)Marketing: In StoreAssociates 0 Saving Bookmark this article Bookmarked
Channel: Drug What you think about: Walgreens eliminating bonuses [[“value”:”We asked about Walgreens’ plan to eliminate bonuses for corporate staff and reduce bonuses for pharmacy and store managers: Here are your thoughts”]] Supermarket News November 15, 2023November 15, 2023 < 1 min read WalgreensDept. PharmacyAssociates 0 Saving Bookmark this article Bookmarked
Channel: Mass Your Views: Missed Target, Business Lessons & Oreo Ice Cream Cakes Yesterday, when commenting about a Wall Street Journal story about Target’s challenges, I wrote: Granted, I’ve hardly scratched the surface when it comes to visiting Target stores, but for me, the flavor that overwhelmingly comes to mind when I think about them is vanilla. They’re okay, but just okay, and just okay isn’t enough these […] MorningNewsBeat November 14, 2023November 14, 2023 6 min read TargetMondelezDept. BakeryDept. FrozenAssociatesCVSDept. GroceryBrick and MortarShoppersTech: CashierlessPartnershipsCustomer ExperienceWalmartDept. FreshDept. PharmacyCOVID19Marketing: In StoreMarketing: TradeDeliveryHealth & WellnessEconomyMarketing: BroadcastMerchandisingOperations & Supply ChainStrategyDept. PerimeterAmazon 0 Saving Bookmark this article Bookmarked
Trends & External Forces Drug Channels Outlook 2024 (NEW Live Video Webinar) It’s time for our most popular event of the year! Dr. Adam J. Fein, CEO of Drug Channels Institute (DCI) and the author of Drug Channels, invites you to join him for DCI’s new live video webinar: Drug Channels Outlook 2024 This event will be broadcast live on Friday, December 15, 2023 12:00 p.m. to […] Drug Channels November 14, 2023November 14, 2023 3 min read Predictions and ForecastsMarketing: Social MediaData & InsightsConsultingEconomyStrategyMeta (Facebook)KraftHeinzHealth & WellnessExecutivesDept. Pharmacy 0 Saving Bookmark this article Bookmarked
Associates & Employees Union Looks To Organize Retail Pharmacy Personnel CNBC reports that “the organizers of a recent retail pharmacy staff walkout are helping to launch a national push to organize those employees … a potential step to wide-scale unionization of thousands of pharmacists and technicians across the U.S. for the first time. “A new partnership between the organizers and IAM Healthcare – a union […] MorningNewsBeat November 10, 2023November 10, 2023 2 min read AssociatesDept. PharmacyWalgreensHealth & WellnessCVSShoppersPartnershipsMarketing: Social MediaKrogerESG and CSRBrick and Mortar 0 Saving Bookmark this article Bookmarked
Trends & External Forces Best Buy Health Partners with Leading Hospital to Support In-Home Care In collaboration with Boston’s Mass General Brigham hospital, Best Buy Health will support an expanded home-based health care delivery model designed to improve how safe, quality care can be provided with technology and clinical expertise. The partners’ first priority is to scale and support Mass General Brigham’s Home Hospital, which will expand access to Massachusetts […] Retail TouchPoints November 9, 2023November 9, 2023 2 min read Health & WellnessTechnology & InnovationBest BuyDept. HBCPartnershipsInstacartWalmartCVSDeliveryDept. GroceryDept. NonfoodMarketing: Loyalty & SubscriptionMarketing: Social MediaMergersDept. PharmacyOperations & Supply ChainPredictions and ForecastsPricing & PromotionsMarketing: BrandAmazon 0 Saving Bookmark this article Bookmarked
Channel: Mass Wednesday Eye-Opener: 5 Things You May Not Know About Target Content Guy’s Note: Scott Moses is back with another in his “5 Things You May Not Know…” series. This time, the subject is Target, and Moses – partner and Head of the Grocery, Pharmacy & Restaurants Investment Banking practice at Solomon Partners – puts the strength of the nation’s number six grocer (and number four […] MorningNewsBeat November 8, 2023November 8, 2023 < 1 min read TargetPartnershipsResults & InvestmentRestaurantsDept. Pharmacy 0 Saving Bookmark this article Bookmarked
Technology & Innovation 2023 RTIH Innovation Awards: supply chain technology excellence shortlist announced We’re pleased to announce the shortlist for the 2023 RTIH Innovation Awards Supply Chain category. We received a record number of submissions this year and many fantastic examples of the continued resilience and dynamism of the retail space during hugely challenging times. Our winners will be revealed at the 2023 RTIH Innovation Awards ceremony, which […] Retail Technology Innovation Hub November 8, 2023November 8, 2023 4 min read Technology & InnovationAIOperations & Supply ChainData & InsightsOmnichannelSustainabilityTech: IoTInternational - UKShoppersBrick and MortarESG and CSRDept. GroceryPredictions and ForecastsCustomer ExperienceDept. ApparelConsumersDept. NonfoodDept. BeverageDeliveryDept. PharmacyDept. OTCGovernmentOwned Brands (Private Label)PartnershipsPop UpsShopifyStrategyHoliday & EventsWalmart 0 Saving Bookmark this article Bookmarked
Channel: Mass 5 things you might not know: Target [[“value”:” Scott Moses is a partner and head of grocery, pharmacy, and restaurants investment banking at Solomon Partners, an M&A investment banking advisory firm. He writes a quarterly column for Supermarket News about sector trends, including operating, valuation, and strategic dynamics. “]] Supermarket News November 7, 2023November 7, 2023 < 1 min read TargetPartnershipsResults & InvestmentRestaurantsDept. Pharmacy 0 Saving Bookmark this article Bookmarked
Department: Beverage ECRM celebrates its 30th anniversary with return to in-person sessions SOLON, OHIO – As ECRM celebrates its 30th Anniversary next year, it will be returning to its roots hosting a full roster of in-person Sessions across categories within food and beverage, health and beauty care, general merchandise and pharmacy/medical markets. ECRM was founded in 1994 by Charlie Bowlus as an efficient way for buyers to […] MMR November 7, 2023November 7, 2023 2 min read Southeastern GrocersDept. HBCCOVID19Dept. GroceryPredictions and ForecastsMerchandisingTechnology & InnovationDept. BeverageStrategyPartnershipsShoppersDept. NonfoodHealth & WellnessData & InsightsExecutivesDept. Adult BevDept. Pharmacy 0 Saving Bookmark this article Bookmarked
Media & Marketing Vertical Integration Lessons: The Economics and Strategies of Hospital-Owned Specialty Pharmacies As many of you know, hospitals and health systems have emerged as significant participants in the specialty pharmacy industry. A new American Society of Hospital Pharmacists (ASHP) survey provides fresh insights into these specialty pharmacies. Below, I review key findings on the economics and operations of these specialty pharmacies. I then highlight how hospitals steer […] Drug Channels November 7, 2023November 7, 2023 2 min read Marketing: Social MediaData & InsightsDept. PharmacyConsultingThick DataOperations & Supply ChainMeta (Facebook)Health & WellnessDept. Fresh 0 Saving Bookmark this article Bookmarked
Trends & External Forces Video Forum: Health Equity Summit, Part 1 Chain Drug Review and Kearney recently assembled a group of leading pharmacy operators and other retailers, physicians, payers, public officials, and policy experts for the second-annual Health Equity Summit in Chicago. This installment of Video Forum is the first in a series that will present highlights from the event. Here are excerpts from remarks by […] MMR November 7, 2023November 7, 2023 < 1 min read Health & WellnessHy-VeeExecutivesStrategyRegional GroceryPartnershipsDept. Pharmacy 0 Saving Bookmark this article Bookmarked
Channel: Drug CVS names new Aetna Medicaid president, Mark Santos [[“value”:” CVS Health has named Mark Santos as president, Aetna Medicaid. The announcement comes on the heels of the pharmacy giant’s third quarter revenue results, revenues that totaled nearly $90 billion, beating overall analyst expectations. Related: CVS revenues up 10.6% in Q3 But CVS stock dipped after the earnings call in part […] Supermarket News November 6, 2023November 6, 2023 < 1 min read CVSHealth & WellnessDept. OTCResults & InvestmentStrategyDept. PharmacyExecutivesGovernmentAssociatesDept. NonfoodOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens to honor active military, vets with discounts DEERFIELD, Ill. — Walgreens is offering a four-day in-store discount to all veterans and active duty military personnel, as well as their family members, to celebrate the service and commitment of the nation’s military and honor those who serve the country. On Friday, Nov. 10 through Monday, Nov. 13, veterans, military and their families will […] MMR November 2, 2023November 2, 2023 < 1 min read WalgreensPricing & PromotionsMarketing: TradeShoppersMarketing: Loyalty & SubscriptionMarketing: In StoreHoliday & EventsDept. PharmacyBrick and Mortar 0 Saving Bookmark this article Bookmarked
Department: HBC CVS revenues up 16.9% in Q3 [[“value”:” CVS Health said its revenues jumped 16.9% in the third quarter, reflecting growth across all of its businesses. In a conference call with analysts, the company didn’t directly address the ongoing talk of labor unrest among pharmacy workers, although President and CEO Karen Lynch did say the company was investing heavily in […] Supermarket News November 2, 2023November 2, 2023 3 min read Dept. PharmacyCVSCOVID19ConsumersDept. OTCWalgreensExecutivesAssociatesResults & InvestmentDept. NonfoodHealth & WellnessOperations & Supply ChainStrategyBrick and MortarDept. HBCEconomyMarketing: In StoreOwned Brands (Private Label)Predictions and ForecastsSustainabilityTechnology & Innovation 0 Saving Bookmark this article Bookmarked
Trends & External Forces CVS’ third quarter sales and profits beat forecasts WOONSOCKET, R.I. — CVS Health topped Wall Street’s estimates for third-quarter revenue and earnings. Adjusted earnings per share of $2.21 exceeded analysts’ predicted $2.13, while revenue of $89.76 billion beat the forecast of $88.2 billion. Karen Lynch “Our colleagues helped us deliver another quarter of positive results across our business areas,” said president and CEO […] MMR November 1, 2023November 1, 2023 4 min read Health & WellnessDept. PharmacyCOVID19Results & InvestmentCVSDept. HBCAcquisitionPredictions and ForecastsConsumersEconomyDept. OTCMarketing: In StoreGovernmentDeliveryDept. NonfoodExecutivesLegal & CriminalMarketing: Social MediaOperations & Supply ChainOwned Brands (Private Label)ShoppersSustainability 0 Saving Bookmark this article Bookmarked
Trends & External Forces Channel: Mass Department: Consumer Durables Department: Nonfood Corporate Strategy Corporate Finance Partnerships & Alt Profit Media & Marketing Agencies & Vendors Data & Insights Technology & Innovation Trends & External Forces Stores & Formats NRF Retracts Claim that Organized Retail Crime Accounted for ‘Nearly Half’ of Retail Shrink The National Retail Federation (NRF) has updated a report that had attributed “nearly half” of 2021’s $94.5 billion in retail shrink to organized retail crime, saying the data point was part of two-year-old testimony to a U.S. Senate committee by Ben Dugan, former President of the Organized Retail Crime Resource Center. The NRF report was […] Written by Retail TouchPoints December 7, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Data & Insights Corporate Strategy Data & Insights Technology & Innovation Associates & Employees Stores & Formats Walmart’s hiring and wage pressures have eased, CEO says Walmart CEO Doug McMillon also said artificial intelligence is changing employees’ roles across stores and in warehouses. Written by CNBC December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Technology & Innovation Media & Marketing Shopper & Customer Technology & Innovation Regional grocers’ e-commerce sales slip in Q3, research finds The drop is due to a higher rate of lapsed shoppers who have either gone back to in-store buying or switched to a competitor’s online services, a new Brick Meets Click and Mercatus report found. Written by Grocery Dive December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Shopper & Customer Corporate Strategy Shopper & Customer Trends & External Forces Walmart CEO says consumers may not be as resilient next year, even as deflation starts to show In a CNBC interview, Walmart CEO Doug McMillon said the discounter is gearing up for a year when it faces tougher comparisons because of falling prices. Written by CNBC December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked
Channel: Delivery Channel: Ecommerce & Digital Trends & External Forces DoorDash named one of Fortune’s Future 50 Companies The delivery company made the list out of 1,000 publicly traded companies that were considered Written by Supermarket News December 6, 2023December 7, 2023 Saving Bookmark this article Bookmarked