1. Trends & External Forces
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 […]
  1. Retailer Media
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 […]
  1. Trends & External Forces
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 […]
  1. Corporate Strategy
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 […]
  1. Channel: Drug
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 […]
  1. Agencies & Vendors
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, […]
  1. Channel: Drug
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 […]
  1. Channel: Drug
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 […]
  1. Channel: Drug
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 […]
  1. Channel: Drug
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 […]
  1. Channel: Drug
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 […]
  1. Trends & External Forces
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 […]
  1. Trends & External Forces
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 […]
  1. Channel: Drug
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 […]
  1. Shopper & Customer
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. […]
  1. Channel: Ecommerce & Digital
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 […]
  1. Trends & External Forces
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) […]
  1. Trends & External Forces
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 […]
  1. Channel: Drug
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 […]
  1. Trends & External Forces
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 […]
  1. Trends & External Forces
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 […]
  1. Trends & External Forces
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 […]
  1. Technology & Innovation
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 […]
  1. Channel: Drug
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 […]
  1. Channel: Drug
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 […]
  1. Department: HBC
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 […]
  1. Corporate Finance
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 […]

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Editor’s Choice

  1. Channel: Mass
  2. International
  3. Shopper & Customer
  4. Technology & Innovation
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.
  1. Technology & Innovation
  2. Corporate Strategy
  3. Corporate Finance
  4. Partnerships & Alt Profit
  5. Media & Marketing
  6. Agencies & Vendors
  7. Data & Insights
  8. International
  9. Shopper & Customer
  10. Technology & Innovation
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. […]
  1. Partnerships & Alt Profit
  2. Partnerships & Alt Profit
  3. Shopper & Customer
  4. Technology & Innovation
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 […]
  1. CPG: Food
  2. Channel: Grocery
  3. Department & Category
  4. Department: Beverage
  5. Department: Food
  6. Corporate Strategy
  7. Shopper & Customer
  8. Technology & Innovation
  9. Trends & External Forces
  10. Merchandising
  11. Owned Brands (Private Label)
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 […]