Dept. Pharmacy

  1. Channel: Drug

Walgreens pledges $1 million in Hurricane relief aid

DEERFIELD, Ill. — Walgreens is supporting storm relief efforts in communities across Florida, Puerto Rico and other areas impacted by Hurricanes Ian and Fiona, with $1 million in donations announced on Monday. The donations include $500,000 each to the Florida Disaster Fund and the American Red Cross Hurricane Fund. The American Red Cross donation goes […]
2 min read
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  1. Department: HBC

NYC Theft Costs Rite Aid Millions During Q2

Business Insider reports that Rite Aid “is struggling against increased theft at its New York City stores that executives say cost the pharmacy chain $5 million in losses during its most recent quarter … In a call with investors Thursday, executives said the company is testing new security efforts to prevent theft in high-crime areas. […]
< 1 min read
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  1. Trends & External Forces

Walmart Wellness Day Highlights Flu Immunizations, Updated COVID-19 Boosters

BENTONVILLE, Ark., Oct. 3, 2022 — Walmart invites communities to get healthy ahead of peak flu season at Walmart Wellness Day on Saturday, Oct. 8 from 10 a.m. – 2 p.m., where customers can receive affordable immunizations like flu, pneumonia, shingles, HPV and more at pharmacies nationwide. COVID-19 bivalent boosters will also be available with […]
2 min read
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  1. Channel: Drug

Walgreens launching automated RX fulfillment centers

Walgreens is setting up a network of prescription drug fulfillment centers to serve customers at local stores. The fulfillment centers make use of robots to fill prescriptions more quickly than human pharmacists. “This frees up the capacity of our most skilled professionals,” said Rina Shah, group vice president of pharmacy operations and services at Walgreens. […]
< 1 min read
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  1. Trends & External Forces

Building Omnichannel Brands with Haleon’s Rachel Marler

The CPG Guys, PVSB and Sri are joined in this episode by Rachel Marler, Chief Customer Officer of Haleon, the newly rebranded spinoff from GSK Consumer Healthcare.  Haleon plc is a British multinational consumer healthcare company. It is the largest consumer healthcare business in the world, with brands including Sensodyne toothpaste, Panadol and Advil painkillers […]
2 min read
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  1. Department: HBC

Rite Aid posts mixed Q2 results

PHILADELPHIA – Rite Aid had mixed second quarter results, reporting sales that beat analysts’ forecast but posting a wider than expected loss. The company ‘s $5.9 billion in revenue topped Wall Street’s prediction of $5.77 billion. But its adjusted 63 cents per share loss was worse than the anticipated 55 cents per share. For fiscal […]
4 min read
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5
  1. Trends & External Forces

Customers flock to pharmacies for COVID-19 boosters and flu shots

A high percentage of pharmacists and pharmacy techs have suffered from burnout since the pandemic hit the U.S. in 2020. The recent release of new COVID-19 boosters and this year’s flu shot have increased traffic to retail pharmacies, putting further pressure on staff at those locations.
< 1 min read
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  1. Channel: Drug

Walgreens cuts some pharmacy hours due to staff shortages

Walgreens had to reduce hours of operations for two pharmacies in Cambridge, MA, as a result of not having enough staff on hand. “In communities impacted by staffing shortages, we adjust hours of operation with the goal of creating minimal disruption for customers and patients. In such instances, we will direct customers to other nearby […]
< 1 min read
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  1. Trends & External Forces

Walmart adds VP, health and wellness compliance

BENTONVILLE, Ark. — Howard Hacker will be joining the Walmart on October 17 as the new vice president of health and wellness compliance, the company said Tuesday. Hacker will report to Matt Miner, Global Chief Ethics and Compliance Officer. “Howard Hacker brings a wealth of knowledge and experience to this role and will be responsible […]
< 1 min read
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5
  1. Channel: Drug

FARE teams with CVS for Teal Pumpkin Project

NEW YORK — Food Allergy Research & Education (FARE) said it is joining with CVS Pharmacy as the exclusive retail partner of the FARE Teal Pumpkin Project 2022. This program is a yearly effort to make trick-or-treating safer and more inclusive for the one in 13 children in the U.S. living with food allergies and […]
2 min read
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  1. Associates & Employees

Walmart To Welcome 40,000 Associates To Deliver for a Great Holiday Season and Beyond

At Walmart, we get to play a special part in helping millions of families across the country bring the holidays to life. From all the hottest gifts to holiday meals and decorations, for many families, the holidays begin at Walmart.To help busy families focus on what matters most this season, we’ll be welcoming approximately 40,000 […]
3 min read
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  1. Operations & Supply Chain

White Bagging Update 2022: Hospitals Battle to Boost Buy-and-Bill

The battle for control of the specialty patient continues. In 2022, specialty pharmacies—via white, brown, and clear bagging—now constitute a meaningful share of the distribution channels for provider-administered oncology drugs. However, buy-and-bill appears to have rebounded substantially at hospitals. As I explain below, this resurgence likely reflects the success of vertically-integrated hospital/specialty pharmacy/physician mega-systems against […]
2 min read
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  1. Trends & External Forces

WBA announces leadership changes

DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) announced on Tuesday a new leadership structure for its U.S. business segment with Walgreens president John Standley leaving the company to pursue other opportunities. The new segment will now be organized under two leaders: Pharmacy led by Lee Cooper, and Retail led by Tracey Brown, president, Walgreens Retail […]
4 min read
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  1. Channel: Ecommerce & Digital

PillPack Founders To Leave Amazon Four Years After Acquisition

CNBC reports that TJ Parker and Elliot Cohen, the co-founders of prescription drug startup PillPack who sold the company to Amazon for $750 million four years ago, will lave the company at the end of the month. The story notes that “after the acquisition, Parker and Cohen helped steer the launch of Amazon Pharmacy, the […]
< 1 min read
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  1. Trends & External Forces

Attend 9/20 virtual pharmacy voter event with political expert Charlie Cook

  ARLINGTON, Va. — Join NACDS president & CEO Steve Anderson and national political analyst Charlie Cook in an exciting virtual NACDS RxIMPACT Votes event to learn more about the 2022 elections and what that might mean for the future of pharmacy. Register to attend this virtual event taking place at 1:00pm ET on September […]
< 1 min read
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  1. Channel: Drug

Rite Aid offers Family Immunization Days

PHILADELPHIA – Rite Aid will offer Family Immunization Days at select stores, including Bartell Drugs in the Pacific Northwest, providing families opportunities to walk in and get the vaccinations they need to protect themselves against COVID-19, the flu and other diseases. Rite Aid Family Immunization Days take place from 4 p.m. to 8 p.m. on […]
2 min read
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  1. Trends & External Forces

The Inflation Reduction Act: Three Unintended Consequences for Biosimilars, Health Plans, Providers, and Pharmacies

By now, you have already read innumerable articles explaining what’s in the new Inflation Reduction Act of 2022 (IRA; P.L. 117-169). Today, I want to highlight three significant—and presumably unintended—drug channel consequences from the hastily-passed IRA legislation. These include disruption to the now-booming biosimilar market, the prospects of physician/hospital vertical integration that will raise commercial […]
2 min read
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  1. Trends & External Forces

‘Tomorrow Happens’ at NACDS Total Store Expo

BOSTON — Retailers and suppliers who returned to this year’s National Association of Chain Drug Stores Total Store Expo late last month heard an encouraging message about their industry and its growing role at the center of America’s health care and wellness future. NACDS chair Brian Nightengale, who is also president of Good Neighbor Pharmacy, […]
4 min read
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  1. Trends & External Forces

Monetary damages set in lawsuit over opioids

CLEVELAND, Ohio — Two Ohio counties have been awarded $650 million in damages in a lawsuit against CVS, Walgreens and Walmart, claiming the way the pharmacy chains distributed pain medications significantly harmed the communities. The August 17 ruling is the first by a federal judge that assigns monetary damages against the chains for their roles […]
< 1 min read
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  1. Channel: Ecommerce & Digital

How Local Pharmacies And Retailers Are Transforming The Clinical Trial Delivery Model

In a world where patients are becoming less and less willing to travel, many clinical trials struggle to find a suitable model for delivering their services. One solution has been to partner with local pharmacies and retailers. These businesses have been able to connect with patients in new ways, but they also have the added […]
3 min read
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  1. Channel: Drug

Rite Aid names Bixler SVP, chief accounting officer

PHILADELPHIA — Rite Aid announced on Monday that Steve Bixler, vice president of financial accounting, will become the new chief accounting officer effective Jan. 13, 2023, following the retirement of Brian Hoover who has served in the role for the last three years during his 27 years with Rite Aid. Bixler will report to chief financial […]
< 1 min read
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  1. Channel: Grocery

Albertsons Companies Invests in Community Health with Pharmacy Enhancements to Support Comprehensive Immunization Access

BOISE, Idaho–(BUSINESS WIRE)–Albertsons Companies today announced investments in technology, vaccine inventory and patient services to increase immunization access and personalized care at more than 1,700 pharmacy locations. Pharmacy teams across Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs and more, are now administering flu vaccines, as well […]
< 1 min read
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  1. Trends & External Forces

CVS Continues Medtail Expansion with $8B Acquisition of Signify Health

CVS Health has emerged victorious in what was reportedly a heated bidding war for Signify Health. The pharmacy chain beat out other rumored bidders including Amazon and UnitedHealthcare to acquire the healthcare platform in a deal valued at approximately $8 billion. “Signify Health will play a critical role in advancing our healthcare services strategy and gives […]
2 min read
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  1. Trends & External Forces

CVS to Acquire Home Health Giant Signify Health for Roughly $8B

CVS Health has reached a deal to acquire in-home healthcare company Signify Health for about $8 billion, reports CNBC. CVS said it will pay $30.50 a share in cash for Signify, an acquisition that would enable the pharmacy chain to offer care to more customers in their homes. Signify offers patient care through virtual and in-person […]
2 min read
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  1. Trends & External Forces

Correcting the Record on Opioid Lawsuits Against Walmart

Walmart is helping fight the opioid crisis. We are proud of our pharmacists, who help patients understand the risks about opioid prescriptions. And our pharmacists have refused to fill hundreds of thousands of opioid prescriptions they thought could be problematic. On top of that, Walmart has blocked thousands of questionable doctors from having their opioid […]
5 min read
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Retail Vacancy Rate Hits 15-Year Low

Retail vacancies in the United States dropped to 6.1% in the second quarter, a 15-year low, as Americans continued to resume in-store shopping. Asking rents for shopping center spaces during the quarter were 16% higher than five years ago, The Wall Street Journal (WSJ) reported Tuesday (Oct. 4), citing figures from commercial real estate broker […]
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  1. CPG: Food
  2. Department: Food
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Nestlé Confectionery reveals Quality Street and KitKat sustainable pack innovations

Nestlé Confectionery has announced sustainable packaging innovations for two of its best-loved brands – Quality Street and KitKat. In a category first, Quality Street will move to recyclable paper packaging for its twist-wrapped sweets. By replacing the double layer of foil and cellulose with a paper wrap, Quality Street will remove more than two billion […]
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  1. Retail Ecosystem
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Groceryshop 2022: Top Retail Influencers’ Key Takeaways

The RETHINK team visited Las Vegas from September 19-22 for Groceryshop 2022. While there, we had the opportunity to speak with many of our Top Retail Influencers and learn about their event experience. #TRI2022 members- Ricardo Belmar, Michael LeBlanc, Jeff Roster, Melissa Minkow, Bryan Gildenberg, Andrea Leigh, and Stewart Samuel- all shared their thoughts on […]
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