Dept. Pharmacy

  1. Media & Marketing
BENTONVILLE, Ark. — Walmart+ is teaming up with Pawp to introduce a new telehealth benefit to its pet-owning members. Starting later this year, Walmart+ members will have 24/7 virtual access to Pawp’s team of veterinary professionals, providing unparalleled convenience and peace of mind. This new benefit provides a free pet health service for Walmart+ members […]
  1. Trends & External Forces
ARLINGTON, Va. — The National Association of Chain Drug Stores (NACDS) is calling attention to a new policy paper published by the Global Healthy Living Foundation (GHLF) highlighting the important role pharmacists play in making vaccinations accessible to adults in the United States. The paper — “Challenges in Adult Vaccination: Policy Strategies for Sustaining Access […]
  1. Department: Food
At the intersection of ‘better for you food’ and fresh prepared food, Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® believe CVS Pharmacy can find incremental customer relevance. One trend that’s impossible to ignore is the rise of ready-to-eat and heat-n-eat fresh prepared foods. This “grocerant” niche is rapidly growing, and it’s time […]
  1. Channel: Drug
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) said today that it has sold about $400 million worth of shares in Cencora, reducing its stake in the drug wholesaler formerly known as AmerisourceBergen. With the transaction, Walgreens Boots Alliance’s ownership of Cencora’s common stock has decreased from approximately 13 percent to approximately 12 percent. Walgreens Boots Alliance said […]
  1. Channel: Drug
WOONSOCKET, R.I. — CVS Corp. co-founder Stanley Goldstein passed away yesterday at the age of 89. The company he helped build is a foundational component of what is now CVS Health, a leading health services company that is committed to building a world of health around every consumer. Stanley Goldstein “All of us at CVS […]
  1. Agencies & Vendors
The CPG Guys are joined in this episode by Kim Cox, Managing Director for North America eCommerce at NielsenIQ, the world’s leading consumer intelligence company, delivering the most complete understanding of consumer buying behavior and full retail  tracking/measurement while revealing new pathways to growth. This episode is sponsored by NielsenIQ Follow Kim Cox on LinkedIn […]
  1. Department: HBC
In the first installment of a two-part interview, Lynne Fruth, CEO of Fruth Pharmacy, tells this week’s Video Forum about the company’s role in securing passage of legislation to rein in PBM practices under West Virginia’s public employees insurance plan. She discusses the benefits that the changes will bring to patients, taxpayers and retail pharmacies. […]
  1. Trends & External Forces
Dr. Adam J. Fein, president of Drug Channels Institute (DCI) and the author of Drug Channels, invites you to join him for DCI’s new live video webinar: The 340B Drug Pricing Program: Trends, Controversies, and Outlook This event will be broadcast live on Friday, June 21, 2024, from 12:00 p.m. to 1:30 p.m. ET This […]
  1. Corporate Finance
The Leverhulme Trade Charities Trust (LTCT), which provides financial aid for the families of people working in the convenience, grocery, and pharmacy trades, has relaunched its educational support packages, including a range of new bursaries. The LTCT said its purpose for this year and beyond… This story continues at New educational bursaries available to convenience […]
  1. Trends & External Forces
BENTONVILLE, Ark. – Walmart is hosting a Wellness Day on Saturday, May 18, from 10 a.m. – 2 p.m. at nearly 4,600 pharmacies nationwide.  The event will offer customers the opportunity to receive free health screenings for things like glucose, cholesterol, BMI, and blood pressure, as well as affordable immunizations for COVID-19, shingles, tetanus, measles, […]
  1. Department: HBC
Since the COVID-19 pandemic, the pharmaceutical industry began to see more reasons to reduce handling errors and boost service delivery. After years of research and development, pharmacy automation was the answer. Pharmacy automation involves the automated processes of distributing, sorting, packaging, and counting prescription medications. It serves various purposes in a pharmacy, like increasing efficiency, […]
  1. Trends & External Forces
SECAUCUS, N.J. — The Vitamin Shoppe is launching Whole Health Rx by The Vitamin Shoppe, a telehealth service that promises a holistic approach to health solutions — including prescription medications, nutritional supplements for whole-body health, and expert guidance on lifestyle practices to support lifelong wellness. Whole Health Rx by The Vitamin Shoppe also offers comprehensive […]
  1. Department: HBC
DES MOINES, Iowa – The National Association of Chain Drug Stores (NACDS) is applauding the enactment of the modernization of Iowa’s Pharmacy Practice Act (House File 555), legislation that will help ensure patient access to vital healthcare services provided by pharmacists and pharmacies across the state. The measure was signed into law by Iowa Governor […]
  1. Trends & External Forces
WEST DES MOINES, Iowa — Hy-Vee is marking Mental Health Awareness Month in May by launching a video series called “A Holistic Approach to Improving Mental Health.” Hosted by Dr. Daniel Fick, Hy-Vee’s Chief Medical Officer, the four-part video series features Hy-Vee’s team of health and wellness professionals and helps educate customers and patients about […]
  1. Channel: Grocery
PALM BEACH, Fla. – The National Association of Chain Drug Stores (NACDS) has recognized NACDS Past Chair Randy Edeker with chain pharmacy’s highest honor: the Sheldon W. Fantle Lifetime Achievement Award. Edeker served as chair of NACDS from 2015-2016. He held the titles of chairman, chief executive officer and president of Hy-Vee, Inc., from 2009 to 2022. He […]
  1. Owned Brands (Private Label)
WOONSOCKET, R.I. — CVS Health missed first-quarter expectations and lowered its fiscal 2024 outlook as increased medical costs hurt its Medicare Advantage business. Its revised outlook assumes that the higher medical costs in its insurance business will persist throughout the year, the company said May 1. CVS owns health insurer Aetna, which, like other insurers, […]
  1. Trends & External Forces
PALM BEACH, Fla. – At the National Association of Chain Drug Stores (NACDS) Annual Meeting Business Program today, newly elected NACDS Chair Kevin Host urged that industry leaders continue to create, to advocate, and to collaborate — so that pharmacies may continue to deliver “never-ending innovations” across the total store for Americans in their moments […]
  1. Channel: Drug
April is over, so it’s time to hop into this month’s selection of noteworthy news: CVS Health’s formulary boosts a Humira biosimilar An insurer ditches buy-and-bill to save money for plans—but maybe not for patients? My $0.02 on how Medicare Part D plans will react to the Inflation Reduction Act Walgreens’ unexpected specialty pharmacy strength […]
  1. Technology & Innovation
PALM BEACH, Fla. – Sunday’s Business Program at the National Association of Chain Drug Stores (NACDS) Annual Meeting reflected NACDS’ commitment to innovation amid exponential change, through the strength of highly engaged retailer and supplier members and through effective and vibrant association leadership. Steven Anderson NACDS chair Mike Wysong, CEO of Care Pharmacies, and NACDS pPresident […]
  1. Channel: Drug
Image courtesy Walgreens Walgreens is bringing all of its specialty pharmacy services into one integrated unit and expanding its offerings for patients suffering from complex chronic conditions with an investment in gene and cell services. It’s all part of what the company described as the “latest step to leverage its neighborhood pharmacies into fast-growing areas […]
  1. Channel: Mass
Kevin Host, senior vice president of pharmacy at Walmart and incoming NACDS chairman, talks about the state of the association and the industry it represents. Host discusses his priorities at NACDS, including DIR reform and expanded scope of practice for pharmacists, as well as efforts to foster innovation and build synergies between pharmacy and the […]
  1. Department: HBC
Last week, we documented the substantial concentration of dispensing revenues for specialty drugs. See The Top 15 Specialty Pharmacies of 2023: Market Shares and Revenues at the Biggest PBMs, Health Plans, and Independents. Today, we examine how manufacturers’ specialty networks contribute to this concentration. In DCI’s exclusive analysis below, we show that specialty pharmacies affiliated […]
  1. Department: Food
GRAND RAPIDS, Mich. — Meijer will open two new 159,000-square-foot supercenters, in Alliance and North Canton, Ohio, on May 14, increasing the retailer’s store count to 55 in the state. Meijer previously announced plans to open a 159,000-square-foot supercenter in Hillsdale, Mich. That store is also scheduled to open on May 14. The Ohio supercenters […]
  1. Channel: Drug
PHILADELPHIA — Rite Aid this month announced plans to close 53 more stores, adding to the roughly 200 it has shuttered since filing for Chapter 11 bankruptcy protection late last year. Officials with the retail pharmacy chain said decisions about which stores to close are based on factors including business strategy, lease and rent considerations, […]
  1. Trends & External Forces
BENTONVILLE, Ark. — Wal­mart said it will open 22 Walmart Health clinics this year, including 18 in Texas. With the additions, Walmart will operate more than 70 physician-staffed health clinics in five states by year’s end. The company plans to introduce the clinics to a sixth market, Arizona, in 2025. “Walmart Health remains focused on […]
  1. Shopper & Customer
Today’s guest post comes from Jim Sheninger, Pharmacy Strategy Officer at GoodRx. Jim describes GoodRx’s emerging pharmacy contracting strategies. In addition to working through pharmacy benefit managers (PBMs), GoodRx now also contracts directly with Walgreens, CVS, and other national and regional pharmacies. These direct agreements are based on acqusition cost, which helps pharmacies stabilize gross […]
  1. Trends & External Forces
SALEM, OR – The National Association of Chain Drug Stores (NACDS) is applauding the enactment of Oregon House Bill (HB) 4149. The measure, which was signed into law by Governor Tina Kotek (D), promises to help reduce prescription drug costs and preserve Oregonians’ vital access to pharmacy care by holding pharmacy benefit managers (PBM) accountable. […]
  1. Trends & External Forces
Drug Channels Institute’s (DCI’s) latest analysis finds that participants in the specialty pharmacy market continue to get more diverse—although revenues remain highly concentrated. We have identified nearly 1,800 dispensing sites with specialty pharmacy accreditation—about 40% of which are owned by hospitals, physician practices, and other healthcare providers. Alas, specialty pharmacies owned by the three largest […]
  1. Trends & External Forces
ARLINGTON, Va. – A new study released by the Centers for Disease Control and Prevention (CDC) on April 4 further illustrates the irreplaceable role of pharmacy throughout the COVID-19 pandemic — and demonstrates how pharmacies can be further leveraged to meet the broader health and wellness needs of the most vulnerable Americans. In total, pharmacies have administered […]
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TikTok has given us “girl math” and “boy math,” and now I’d like to add “Tech Math” to the mix. Tech Math is when every technology partner tells you that they have contributed (fill in the blank) $XX million in additional sales…and yet, surprisingly, the business isn’t up nearly as much, if at all.  Despite […]
  1. Trends & External Forces
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  4. Trends & External Forces
Consumer Price Index inflation slowed to 2.3% in April, down from 3.2% in March, albeit higher than expected, according to the Office for National Statistics. It’s the lowest level since the summer of 2021, versus 3.2% in March. The news follows yesterday’s announcement from Kantar… This story continues at Industry reacts to CPI inflation dipping […]
  1. Channel: Mass
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MINNEAPOLIS—Target reported that first-quarter sales were down compared to last year, as it had projected. However, the company expects sales to turn positive in the second quarter and for the year as a whole. Comparable sales declined 3.7% in the first quarter, reflecting a comparable store sales decline of 4.8% partially offset by a comparable […]
  1. Partnerships & Alt Profit
  2. Channel: Delivery
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Petco, partnering with Van Leeuwen Ice Cream and human-grade dog food brand Ollie, will offer canine-safe ice cream for hot dogs seeking a cool treat. The non-dairy peanut butter and banana recipe is now available at Van Leeuwen scoop shops across the country, as well as at most Petco locations and online at petco.com for […]
  1. Department: Food
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  14. Stores & Formats
BENTONVILLE, Ark. — Walmart recently opened two new Neighborhood Markets, one in Florida and one in Georgia, that offer expanded assortments and more space for pickup and delivery. The new stores, one in the Dune Lakes area of Santa Rosa Beach, Florida, and the other in the Vine City neighborhood of Atlanta, feature updated layouts […]

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