Trends & External Forces Retail industry’s theft analyses called into question Retailers and law enforcement agree that organized retail theft is a significant problem. How big a problem remains in question as there are currently no independent means to verify industry reports. Home Depot says theft increased in the double digits over the past year. Walgreens said it might have “cried too much” when talking about […] RetailWire March 20, 2023March 20, 2023 < 1 min read Legal & CriminalWalgreensHome Depot 0 Saving Bookmark this article Bookmarked
Retailer Media Why Retail Media and CTV Are Set to Have a Very Happy 2023 For an advertiser looking for real-time conversions on its ads, retail media is nothing short of magic. Retail media ads connect impressions directly to purchases. You can see exactly how many people saw your ad and then completed a transaction. No other ad medium comes close. With retail media, brands can reach tens of millions […] Amit Nigam March 15, 2023March 15, 2023 3 min read Marketing: Retail MediaMarketing: BroadcastStreamingData & InsightsConsumersMarketing: SocialKrogerWalmartInstacartDeliveryShoppersPartnershipsAlbertsons / SafewayOperations & Supply ChainConsultingDrizlyMarketing: Digital MediaTikTokAgenciesTargetGopuffBrick and MortarWalgreensLowesMergersFood DeliveryESG and CSREconomyStore LocationQ CommerceResults & InvestmentCVSBig DataBest BuyAmazonTechnology & InnovationMars Inc. 0 Saving Bookmark this article Bookmarked 4
Trends & External Forces Your Views: Oiled Up Yesterday we pointed out a Wall Street Journal piece about how, as people return to physical stores, retail theft is rising, cutting into companies’ profits. There are, the story notes, two kinds of theft – shoplifting and organized retail theft, which is a much bigger problem. I commented: The Journal story says that there are […] MorningNewsBeat March 14, 2023March 14, 2023 5 min read Legal & CriminalDept. FuelGovernmentDept. BeverageAssociatesBrick and MortarRestaurantsWalgreensConsumersAcquisitionAlbertsons / SafewayDept. NonfoodESG and CSRKrogerOperations & Supply ChainShoppersEconomy 0 Saving Bookmark this article Bookmarked
Channel: Drug California cancels $54M contract with Walgreens over abortion pill stance Gov. Gavin Newsom says he will not renew the deal involving the state’s prison system Supermarket News March 12, 2023March 12, 2023 < 1 min read Walgreens 0 Saving Bookmark this article Bookmarked
Corporate Strategy WBA details ESG commitments in report DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) has released its fiscal year 2022 ESG report, detailing the company’s efforts to live up to its stated purpose of creating more joyful lives through better health. WBA yesterday hosted a virtual event, featuring report highlights and discussions with ESG thought leaders. In addition to sharing the company’s […] MMR March 10, 2023March 10, 2023 2 min read Health & WellnessESG and CSRWalgreensSustainabilityPartnershipsInclusivityCOVID19Data & InsightsConsultingExecutivesShoppersPredictions and ForecastsInternational - UKEconomyResults & InvestmentInternationalAssociatesStrategyOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Channel: Drug California cancels $54M contract with Walgreens NEW YORK — The state of California will not renew a $54 million contract with Walgreens because of the chain’s decision to not dispense abortion pills in some states where abortion remains legal, Gov. Gavin Newsom’s (D) office announced this week. Walgreens said that it would not be dispensing mifepristone — used in medication abortions — in some […] MMR March 10, 2023March 10, 2023 2 min read WalgreensDept. NonfoodLegal & CriminalDept. PharmacyEconomyHealth & WellnessDept. HBC 0 Saving Bookmark this article Bookmarked
Agencies & Vendors The Top 15 U.S. Pharmacies of 2022: Market Shares and Revenues at the Biggest Companies Next week, Drug Channels Institute will release our 2023 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers. It’s the 14th edition of our popular and comprehensive examination of the entire U.S. drug pricing, reimbursement, and dispensing system. The exhibit below—one of 241 in our new report—provides a first look at the 15 largest organizations, […] Drug Channels March 8, 2023March 8, 2023 3 min read Dept. PharmacyData & InsightsWalgreensMarketing: SocialConsultingMeta (Facebook)Economy 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens Walks A Healthcare Tightrope Walgreens announced that its Village MD subsidiary is acquiring Starling Physicians, described as “a multi-specialty medical group operating over 30 locations in Connecticut” and offering specialty services that include “cardiology, ophthalmology, endocrinology, nephrology and senior care.” This is just the latest acquisition for the company, which also has bought health care practices in places like […] MorningNewsBeat March 7, 2023March 7, 2023 2 min read WalgreensHealth & WellnessLegal & CriminalCVSAcquisitionWalmartMarketing: SocialGovernmentDept. HBC 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens issues statement on Mifepristone DEERFIELD, Ill. — Walgreens has issued a statement on the drug Mifepristone, after California Gov. Gavin Newsom said that the state will no longer do business with Walgreens because of its recent decision not to distribute abortion medication by mail in 20 U.S. states. “We want to be very clear about what our position has […] MMR March 7, 2023March 7, 2023 < 1 min read WalgreensGovernmentDept. Pharmacy 0 Saving Bookmark this article Bookmarked
Channel: Drug California governor says state won’t do business with Walgreens over position on abortion pill Newsom’s statement comes after Walgreens said it would not sell the abortion pill in 21 states due to legal restrictions. CNBC March 6, 2023March 6, 2023 < 1 min read WalgreensLegal & Criminal 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens choosing not to sell abortion pills in some states where they are legal Walgreens will not sell abortion pills in stores and online in some states due to complex legal issues. Kansas, for example, is one state where the law requires that patients receive the drugs directly from a physician. RetailWire March 4, 2023March 4, 2023 < 1 min read WalgreensLegal & CriminalBrick and Mortar 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens Bows To State AG Mifepristone Threats Politico reports that Walgreens “confirmed Thursday that it will not dispense abortion pills in several states where they remain legal — acting out of an abundance of caution amid a shifting policy landscape, threats from state officials and pressure from anti-abortion activists. “Nearly two dozen Republican state attorneys general wrote to Walgreens in February, threatening […] MorningNewsBeat March 4, 2023March 4, 2023 2 min read WalgreensLegal & CriminalGovernmentWalmartCVSRite AidPredictions and ForecastsKrogerHealth & WellnessDept. HBCCostcoAmazon 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens will not dispense abortion pills in some states DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) said Thursday that it will not dispense abortion pills in the states of 20 Republican attorneys general who have told the pharmacy chain it risked breaking the law should it dispense them to those states by mail. The decision comes after the U.S. Food and Drug Administration allowed […] MMR March 4, 2023March 4, 2023 < 1 min read WalgreensDept. PharmacyData & InsightsLegal & CriminalGovernmentDept. Grocery 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens’ VillageMD to acquire Starling Physicians DEERFIELD, Ill. — Walgreens continues to expand in the primary care market. Its majority-owned VillageMD unit on Friday announced a deal to acquire Starling Physicians, a multispecialty medical group operating over 30 locations in Connecticut. In addition to primary care, Starling Physicians offers a range of services that includes cardiology, ophthalmology, endocrinology, nephrology, and senior […] MMR March 4, 2023March 4, 2023 < 1 min read WalgreensAcquisitionExecutivesResults & InvestmentPricing & PromotionsHealth & WellnessDept. Natural / Organic 0 Saving Bookmark this article Bookmarked
Trends & External Forces Your Views: True Colors Yesterday I had a story in MNB that took note of a Fox News report that the Attorneys General of 19 states “warned major retailers against the Food and Drug Administration’s (FDA) attempt to let pharmacies mail out the abortion pill, and said doing so would subject to legal action from the states.” At issue […] MorningNewsBeat March 2, 2023March 2, 2023 4 min read Legal & CriminalShoppersDept. GroceryAssociatesGovernmentWalgreensRestaurantsWeatherTargetDept. BakeryDept. BeverageDept. FreshCVSDept. PharmacyKrogerPredictions and ForecastsCostcoResults & InvestmentRite AidTechnology & InnovationWalmartDept. Perimeter 0 Saving Bookmark this article Bookmarked
Trends & External Forces WBA sells 15.5 million shares of Option Care Health DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) announced Thursday that it has sold 13.0 million shares of Option Care Health (OPCH) common stock in an underwritten secondary offering and, subject to completion of the offering, a concurrent share repurchase by OPCH in the amount of approximately 2.5 million shares. After the sale, Walgreens Boots Alliance’s […] MMR March 2, 2023March 2, 2023 < 1 min read Health & WellnessWalgreens 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens to shrink HQ as employees work more from home With more of its employees working from home, Walgreens plans to sell more than half of its headquarters office space. The drugstore giant will shift office workers to the remaining areas. “For those who have worked on campus for years, I want you to know this decision was not taken lightly,” wrote CEO Rob Brewer […] RetailWire February 28, 2023February 28, 2023 < 1 min read WalgreensAssociatesDept. NonfoodExecutives 0 Saving Bookmark this article Bookmarked
Shopper & Customer Mobile Shopping Apps Are the Key to Winning Brand Loyalty In case you haven’t noticed, the retail industry has been transformed by digital technology, and more and more consumers are turning to mobile shopping apps to purchase products. However, it turns out that only 33 percent of retailers currently offer this capability, according to a recent assessment of the solutions and services of 300 brands. […] Phil Granof February 24, 2023February 24, 2023 3 min read Technology & InnovationAIShoppersConsumersMarketing: Loyalty & SubscriptionOmnichannelMarketing: Direct & PersonalizationData & InsightsPricing & PromotionsAcquisitionWalgreensMarketing: TradeTargetRestaurantsOperations & Supply ChainAmazonWarby ParkerExecutivesDeliveryBrick and MortarMarketing: In Store 0 Saving Bookmark this article Bookmarked
Channel: Ecommerce & Digital Specialty Retailers Make Progress In Customer Satisfaction Scores The American Customer Satisfaction Index’s (ACSI) Retail and Consumer Shipping Study 2022-2023 is out, reporting that “while overall customer satisfaction with the Retail Trade sector slips 0.5% to a score of 74.7 (out of 100),” significant ground has been gained by a number of retailers, especially those with a specialty focus. Some excerpts: • “Customer […] MorningNewsBeat February 23, 2023February 23, 2023 2 min read ShoppersWalmartCostcoTargetBJ’s Wholesale ClubWegmansWalgreensTrader JoesSoutheastern GrocersWhole FoodsOperations & Supply ChainAhold DelhaizeHEBPublixLowesKrogerAmazonGiant EagleAlbertsons / SafewayAldiBest BuyBig LotsChewyConsumersDeliveryDept. ApparelDollar GeneralDollar TreeHome Depot 0 Saving Bookmark this article Bookmarked
Trends & External Forces FTC Won’t Challenge Amazon’s One Medical Acquisition The Federal Trade Commission (FTC) has decided not to challenge Amazon’s proposed $3.49 billion acquisition of 1Life Healthcare, parent company to One Medical, which provides membership-based primary healthcare services to employees for more than 8,000 companies in a dozen major US markets. This is Amazon’s third largest acquisition, after Whole Foods ($13.7 billion in 2017) […] MorningNewsBeat February 22, 2023February 22, 2023 2 min read AcquisitionHealth & WellnessAmazonGovernmentWalgreensConsumersDept. GroceryWhole FoodsCVSDept. HBCBrick and MortarAssociatesExecutivesKrogerLegal & CriminalMergersPartnershipsTargetTechnology & InnovationUnileverWalmartEconomy 0 Saving Bookmark this article Bookmarked
Trends & External Forces Albertsons Launches Health and Wellness Platform Across 16 Banners Albertsons has introduced the Sincerely Health platform, built in collaboration with healthcare providers, insurance and technology companies and using insights gathered from more than 10,000 customers and associates. The platform is accessible on the websites and apps of 16 of the supermarket giant’s banners, including Albertsons, Shaw’s, Safeway, Vons, Jewel-Osco, Acme and Tom Thumb. The […] Retail TouchPoints February 13, 2023February 13, 2023 2 min read Health & WellnessAlbertsons / SafewayShoppersAcquisitionWalgreensWalmartDept. PharmacyTechnology & InnovationAmazonCVSData & InsightsAssociatesMergersMarketing: Direct & PersonalizationDept. GroceryDept. NonfoodPricing & PromotionsDollar GeneralPredictions and ForecastsGoogleExecutives 0 Saving Bookmark this article Bookmarked
Channel: Drug Walgreens acquires Medly Health DEERFIELD, Ill. — Walgreens confirmed Wednesday it has purchased Medly Health, a digital pharmacy business, which could lead to the closure of all 22 Pharmaca Integrative Pharmacies. Medly Health, the Brooklyn, New York-based company, which filed for bankruptcy in December, reported it had $110 million in secured debt. On Tuesday, Walgreens’ deal to purchase the […] MMR February 10, 2023February 10, 2023 < 1 min read WalgreensHealth & WellnessAcquisitionBankruptcyDept. PharmacyStore LocationOperations & Supply Chain 0 Saving Bookmark this article Bookmarked
Trends & External Forces Albertsons Launches Health and Wellness Platform Across 16 Banners Albertsons has introduced the Sincerely Health platform, built in collaboration with healthcare providers, insurance and technology companies and using insights gathered from more than 10,000 customers and associates. The platform is accessible on the websites and apps of 16 of the supermarket giant’s banners, including Albertsons, Shaw’s, Safeway, Vons, Jewel-Osco, Acme and Tom Thumb. The […] Retail TouchPoints February 10, 2023February 17, 2023 2 min read Health & WellnessAlbertsons / SafewayShoppersAcquisitionWalgreensWalmartDept. PharmacyTechnology & InnovationAmazonCVSData & InsightsAssociatesMergersMarketing: Direct & PersonalizationDept. GroceryDept. NonfoodPricing & PromotionsDollar GeneralPredictions and ForecastsGoogleExecutives 0 Saving Bookmark this article Bookmarked
Trends & External Forces CVS To Buy Oak Street Health For $10.6 Billion, Deepening Healthcare Footprint CVS Health yesterday said that it will acquire Oak Street Health for about $10.6 billion, and move that, the Wall Street Journal writes, “would widen CVS’s healthcare offerings, adding about 600 physicians and nurse practitioners and Oak Street’s network of 169 senior-focused clinics to the Covid-19 vaccinations, strep tests and other medical services that CVS […] MorningNewsBeat February 9, 2023February 9, 2023 2 min read Health & WellnessCVSExecutivesAcquisitionMarketing: In StoreWalgreensCOVID19Predictions and ForecastsResults & InvestmentShoppersEconomyDept. HBCBrick and MortarWalmart 0 Saving Bookmark this article Bookmarked
Trends & External Forces CVS Inks Deal to Buy Oak Street Health for $10.6B In a move aimed at growing its healthcare portfolio, CVS announced on Wednesday that it has acquired Oak Street Health for approximately $10.6 billion. Oak Street Health, a multi-payer primary care company whose patients include those on Medicare with low incomes and chronic health problems, was founded in 2012. More than 50 percent of Oak […] Marie Albiges February 8, 2023February 8, 2023 < 1 min read Health & WellnessCVSWalgreensAmazonBrick and MortarCOVID19Dept. PharmacyStrategyPress ReleaseExecutivesDept. Grocery 0 Saving Bookmark this article Bookmarked
Technology & Innovation At the NRF Big Show: 5G Can Do That! The National Retail Foundation‘s (NRF) annual convention in New York is the best way to get the pulse of the retail sector. This is where the who’s who of the retail industry gather to share their thoughts on the business. Listening to top CEOs, analysts, industry veterans, and new startups provides a unique insight into […] Dr. Ritesh Mukherjee February 3, 2023February 3, 2023 2 min read Technology & InnovationAmazonShoppersExecutivesOperations & Supply ChainWalmartWalgreensDeliveryMetaverseWeatherOmnichannelAssociatesMarketing: In StoreCOVID19Brick and MortarKrogerTech: CashierlessTech: AITrends: TechSustainabilityTech: AR and VRLowesDept. ApparelVendorsMarketing: Direct & PersonalizationLegal & CriminalEconomyData & InsightsGoogleAI 0 Saving Bookmark this article Bookmarked
Channel: Drug Walmart, CVS Say They Will Cut Pharmacy Hours The Wall Street Journal reports that CVS and Walmart “are cutting pharmacy hours in the midst of a pharmacist shortage that has plagued the nation’s biggest drugstore chains throughout the Covid-19 pandemic. “CVS, the largest U.S. drugstore chain by revenue, plans in March to cut or shift hours at about two-thirds of its roughly 9,000 […] MorningNewsBeat January 30, 2023January 30, 2023 2 min read Dept. PharmacyCVSWalmartBrick and MortarWalgreensHealth & WellnessCOVID19Store LocationAssociatesMarketing: UGCEconomy 0 Saving Bookmark this article Bookmarked
Channel: Drug CVS, Walmart to cut pharmacy hours amid labor concerns NEW YORK — CVS Health and Walmart said they will be reducing pharmacy hours to address the ongoing pharmacist shortage, The Wall Street Journal reported Friday. CVS plans to cut or shift operating hours at about two-thirds of its 9,000-strong U.S. network in March, while Walmart intends to close most of its nearly 4,600 stores two […] MMR January 27, 2023January 27, 2023 < 1 min read Dept. PharmacyCVSAssociatesWalmartBrick and MortarWalgreensStrategyHealth & WellnessEconomy 0 Saving Bookmark this article Bookmarked
Department: HBC Megalabs brings Prospan cough remedy to U.S. MIAMI — Megalabs USA is bringing Prospan, the global leader selling natural ivy leaf cough remedy, to the United States. Through Megalabs’ exclusive, long-standing partnership with Prospan manufacturer Engelhard, the globally popular herbal cough remedy, will be available midyear 2023 at major American retail outlets in Puerto Rico, including CVS and Walgreens as well as […] MMR January 25, 2023January 25, 2023 2 min read Dept. OTCConsumersExecutivesWalgreensPartnershipsDept. Natural / OrganicCVSAmazon 0 Saving Bookmark this article Bookmarked
Corporate Finance WBA’s first quarter earnings beat expectations DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) posted first quarter sales and earnings that topped analysts’ forecasts. WBA reported adjusted earnings per share of $1.16, surpassing the expected $1.14. Revenue for the three-month period ended November 30 was $33.38 billion, ahead of the projected $32.84 billion. Walgreens’ front-end sales grew 0.8%, with same-store sales rising […] MMR January 17, 2023January 17, 2023 2 min read Results & InvestmentHealth & WellnessWalgreensAcquisitionLegal & CriminalDept. HBCDept. OTCExecutivesConsumersInternational - UKOperations & Supply ChainOwned Brands (Private Label)Dept. Pharmacy 0 Saving Bookmark this article Bookmarked
Channel: Mass International Shopper & Customer Technology & Innovation Tesco infuriates shoppers as it slashes Clubcard points value Supermarket giant Tesco came under fire following the announcement that it will be reducing the value of Clubcard reward vouchers from June 2023. The reduction will come into force after… The post Tesco infuriates shoppers as it slashes Clubcard points value appeared first on Latest Retail Technology News From Across The Globe – Charged. Written by ChargedRetail March 21, 2023March 21, 2023 Saving Bookmark this article Bookmarked
Technology & Innovation Corporate Strategy Corporate Finance Partnerships & Alt Profit Media & Marketing Agencies & Vendors Data & Insights International Shopper & Customer Technology & Innovation aisle 3 exits the CSS business and uses proceeds to support growth in sneaker category AI powered shopping platform aisle 3 has completed the sale of its Google Comparison Shopping Site (CSS) service to Product Hero. Financial terms of the deal were not disclosed, other than it being all cash. The sale consolidates market share for CSS service provider Product Hero, which works with the likes of Rituals and Ikea. […] Written by Retail Technology Innovation Hub March 17, 2023March 17, 2023 Saving Bookmark this article Bookmarked
Technology & Innovation The Daily QuickWit (3/17): The Top Retail News The top retail news and most read stories in commerce. Written by RetailWit March 17, 2023March 21, 2023 Saving Bookmark this article Bookmarked
Partnerships & Alt Profit Partnerships & Alt Profit Shopper & Customer Technology & Innovation Kroger lands deal for self-driving truck deliveries Get ready because the empty truck cabs in motion are coming. Gatik, which is involved in autonomous middle-mile logistics, has announced a multi-year commercial collaboration to transport customer orders within Kroger’s Dallas distribution network. The operations will launch in a few weeks. Under the collaboration, Gatik’s medium-duty autonomous box trucks will transport fresh, customer-favorite products from […] Written by Supermarket News March 17, 2023March 17, 2023 Saving Bookmark this article Bookmarked
CPG: Food Channel: Grocery Department & Category Department: Beverage Department: Food Corporate Strategy Shopper & Customer Technology & Innovation Trends & External Forces Merchandising Owned Brands (Private Label) Albertsons Redesigns and Expands Open Nature Own Label Line Albertsons yesterday unveiled what it said was “the redesign of its Open Nature brand as the company strives to become the brand of choice for those health-conscious shoppers seeking a more balanced lifestyle. Open Nature, which is part of Albertsons Cos. Own Brands portfolio, provides shoppers with tasty foods made with thoughtfully chosen ingredients that […] Written by MorningNewsBeat March 17, 2023March 17, 2023 Saving Bookmark this article Bookmarked