Dept. Pharmacy

  1. Trends & External Forces

NACDS urges Biden to push for PBM reform

WASHINGTON – The National Association of Chain Drug Stores (NACDS) said it continues to call for the immediate implementation of reforms to address the tactics of pharmaceutical benefit middlemen amid attempts by PBMs to stall Congressional action and perpetuate their harmful practices. An NACDS letter to President Biden applauds the Administration for holding a listening […]
2 min read
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  1. Data & Insights

Failure to enact PBM reforms would be “wasted opportunity”

WASHINGTON, DC – “Congress is dangerously close to proving wrong the notion that it’s never too late to do the right thing,” according to a statement issued today by The National Association of Chain Drug Stores, the National Community Pharmacists Association, FMI – The Food Industry Association, the National Grocers Association, the American Pharmacists Association, the National Association of Specialty Pharmacy, […]
< 1 min read
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  1. Partnerships & Alt Profit

CVS Media Exchange (CMX) partners with Pinterest

WOONSOCKET, R.I. — CVS Media Exchange (CMX), a data-led, technology-driven media network that enables partners to reach and better serve CVS Pharmacy shoppers, is partnering with Pinterest and LiveRamp on data clean rooms to bring greater transparency to partners (CPG brand suppliers). Provided by LiveRamp, this clean room solution allows CMX partners to track attributed Pinterest […]
2 min read
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  1. Channel: Ecommerce & Digital

Questions Raised About Amazon’s Health Care Ambitions

The Washington Post has a piece about Amazon’s efforts “to consolidate its telehealth, pharmacy and primary-care services following its $3 billion acquisition of One Medical in 2022. Earlier this month, Amazon laid off hundreds of employees across Amazon Pharmacy and One Medical and announced a corporate restructuring. Current and former employees say the move reignited […]
2 min read
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  1. Trends & External Forces

Rite Aid Healthy Futures welcomes eight members to board

PHILADELPHIA, Pa. – Eight Rite Aid executives have joined the Rite Aid Healthy Futures board of directors, where they will play a key leadership role as the nonprofit continues its work supporting healthier, more equitable neighborhoods. Joy Errico The new members bring a vast slate of experience and expertise to the board, with backgrounds spanning communications, […]
3 min read
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  1. Media & Marketing

CVS Media Exchange Joins Pinterest’s Clean Room Initiative

CVS Media Exchange (CMX), the retail media network designed to help brands reach and serve CVS Pharmacy shoppers, is partnering with Pinterest and LiveRamp on a new data clean room initiative. Provided by LiveRamp, this clean room solution is designed to give CMX partners greater transparency, allowing them to track and attribute sales driven by […]
2 min read
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  1. Associates & Employees

Retail Employers Face New Challenges From Pro-Labor Measures Implemented by Biden NLRB in 2023

In 2023, the Biden National Labor Relations Board (NLRB or Board) and its General Counsel Jennifer Abruzzo continued implementing a highly pro-labor agenda that has significantly changed the union and labor landscape for retail employers. In addition, Abruzzo and the Board’s regional directors are imposing and enforcing aggressively some of their most controversial new measures […]
5 min read
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  1. Channel: Drug

WBA lets customers use Medicare Advantage benefits online

DEERFIELD, Ill. — Walgreens says it is the first community pharmacy to accept a broad array of Medicare Advantage supplemental benefits online. Eligible members can now shop from a catalog of approximately 1,700 Shop Eligible Products via Walgreens.com and the Walgreens app. Consumers have been able to shop using their Medicare Advantage supplemental benefits in […]
2 min read
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  1. Media & Marketing

Drug Channels News Roundup, February 2024: Pharmacy Shakeout Update, High Drug Prices, 340B Realities, MDs vs. Pharmacists, and Foo Fighters

February is longer than usual this year, which means that you’ll have extra time to leap into our monthly curated selection of noteworthy news. In this issue: An update on the retail pharmacy shakeout Arguing for high drug prices A leading researcher provides a 340B reality check Physicians don’t want pharmacists getting uppity Plus, Dave […]
2 min read
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  1. Trends & External Forces

Congress urged to move on PBM reform

WASHINGTON — The National Association of Chain Drug Stores, the National Community Pharmacists Association, FMI – The Food Industry Association, the National Grocers Association, the American Pharmacists Association, the National Association of Specialty Pharmacy, and the National Alliance of State Pharmacy Associations contend that PBM Reforms in Medicare and Medicaid must be a priority as Congress nears a government-funding endgame. “As the […]
2 min read
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  1. Corporate Strategy

WBA names Minnix EVP and global chief legal officer

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) has named Lanesha Minnix the company’s executive vice president (EVP) and global chief legal officer. Minnix, most recently EVP, general counsel and corporate secretary for Ecolab, Inc., will assume her new role with WBA on April 15. Lanesha Minnix Minnix, who will report to WBA CEO Tim Wentworth […]
2 min read
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  1. Channel: Delivery

CVS Partners with Grubhub for Deliveries From its 6,000+ Stores

CVS Pharmacy has partnered with Grubhub to make thousands of beauty, household, wellness and convenience items available for delivery from its 6,000+ stores in 48 states. The companies are kicking off the relationship with a collection of Daylight Saving Essentials designed to address the grogginess that often follows the time change, which will take place […]
< 1 min read
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  1. Channel: Drug

Your Views:  The Complacency Malady

Different reactions to my criticisms of CVS. First, the one that took me to task: KC, shame on you! You have “one” customer who has raged, “outrage”  with a CVS experience.  Hello!  There are about 10,000 CVS locations in the US, and you site one disgruntled customer.  You, if ANYONE, should know that one customer […]
4 min read
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  1. Associates & Employees

Rite Aid Makes Employees the Stars of New Ad Campaign

Rite Aid has launched its new ‘It Means More’ to celebrate its employees, who represent the company’s “steadfast focus on creating meaningful interactions,” according to a company statement. The pharmacy chain is illustrating its commitment to serving customers by featuring actual employees engaging with visitors in a series of ad spots showing relatable situations, such […]
< 1 min read
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  1. Channel: Drug

Rite Aid debuts ‘It Means More’ ad campaign

PHILADELPHIA — Rite Aid has debuted a new ad with the theme ‘It Means More’ ad that puts the retail pharmacy chain’s commitment to its customers in the spotlight, along with the passion and dedication of its employees and their ability to provide unrivaled service to their customers. The chain says it aims to emphasize […]
2 min read
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  1. Channel: Delivery

Grubhub grows convenience offering with CVS

CHICAGO — Grubhub said that it’s now offering thousands of wellness, beauty, household and other convenience items from CVS Pharmacy on its Grubhub Marketplace. More than 6,000 CVS locations are available on Grubhub across 48 states. With daylight saving time around the corner on March 10, Grubhub surveyed consumers to better understand the implications of the time […]
2 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. Channel: Grocery

Colorado Sues To Block Kroger-Albertsons Deal

Colorado Attorney Journal Phil Weiser yesterday filed a lawsuit designed to block Kroger’s proposed $24.6 billion acquisition of Albertsons, saying the the deal would be anticompetitive. Axios reports that “Weiser has been leading a multi-state investigation since December 2022 and is the second state to sue following Washington … The announcement said the deal not […]
2 min read
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  1. Trends & External Forces

Video Forum: Crystal Lennartz, Health Mart

In this week’s Video Forum, Crystal Lennartz, recently named president of Health Mart and Health Mart Atlas, talks about her priorities for the network of independent drug stores. Among the subjects she addresses are the resilience of independents, efforts to revamp pharmacy payment models, and the continuing appeal of drug store ownership. The post Video […]
< 1 min read
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  1. Trends & External Forces

Policy, innovations the focus at NACDS Regional

BONITA SPRINGS, Fla. – At the Opening General Session of the 2024 National Association of Chain Drug Stores (NACDS) Regional Chain Conference today, a central message rang clear: NACDS is committed to winning on pivotal issues and to charting the course for innovation that advances pharmacy and that benefits all Americans. The 2024 Conference — […]
4 min read
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  1. Trends & External Forces

Former house speaker Ryan to address NACDS-PAC Event

ARLINGTON, Va. – Former Speaker of the U.S. House of Representatives Paul Ryan (R-WI) will speak at the National Association of Chain Drug Stores (NACDS) Chain Members and NACDS Political Action Committee (NACDS-PAC) Breakfast during the 2024 NACDS Annual Meeting, to be held April 27-30 in Palm Beach, Fla., the association announced on Friday. Ryan […]
3 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 […]
< 1 min read
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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

Latest CMS Data Reveal the Truth About U.S. Drug Spending

The boffins at the Centers for Medicare & Medicaid Services (CMS) recently dropped the latest National Health Expenditure (NHE) data, which measures all U.S. spending on healthcare. (Links below.) As you will see, retail and mail prescription drug spending remain a consistently small share of the $4.5 trillion that we spend on U.S. healthcare. And […]
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. Department: HBC

Walgreens partners with colleges of pharmacy

DEERFIELD, Ill. – As a trusted, convenient local health care destination that millions of Americans rely on every day, Walgreens is expanding its long-standing relationships with colleges of pharmacy through the formation of the Walgreens Deans Advisory Council to enhance the pharmacy profession and better support pharmacists as they provide valuable care to their local […]
3 min read
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Kroger Delivers its First-Party Data to the Yahoo DSP

Yahoo Advertising and Kroger Precision Marketing (KPM) — the retail media business of Kroger, powered by 84.51° — are teaming up to bring Kroger’s first-party, purchase-based audiences to the Yahoo Demand-Side Platform (DSP). Yahoo DSP advertisers can now activate KPM’s audiences to reach targeted consumers with their advertising and measure campaign results. While off-site advertising […]
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Amazon tops expectations for revenue, earnings

SEATTLE – Amazon posted better-than-expected revenue and earnings in the quarter ended March 31. Net sales increased 13% from a year earlier to $143.3 billion. The company reported first-quarter net income of $10.4 billion, or 98 cents a diluted share, compared to $3.2 billion a year earlier. Amazon’s operating income surged to $15.3 billion, up […]
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Walmart to close all 51 health centers

BENTONVILLE, Ark. — Walmart today said it has made the “difficult decision” to close its Walmart Health and Walmart Virtual Care clinics, citing a lack of profitability. “The decision to close all 51 health centers across five states and shut down the virtual care offering was not easy. We understand this change affects lives – […]
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