WOONSOCKET, R.I. — Mary Schapiro, former chair of the Securities and Exchange Commission, has been elected to the board of directors at CVS Health. Schapiro joins the 11 directors re-elected during the CVS Health annual shareholders meeting last month. “We welcome Mary’s extraordinary record of leadership and unmatched commitment to investor protection and sound financial
TORONTO — The Neighbourhood Pharmacy Association of Canada (Neighbourhood Pharmacies) honored industry veterans John Tse and Jaiveer Singh during its chairman’s dinner event at the Pharmacy, Health and Beauty Expo 2017. Tse, a longtime London Drugs executive who left the company this year, received the Len Marks Pharmacy Advancement Award. Singh, chief executive officer of
BENTONVILLE, Ark. — Walmart reported strong first-quarter sales that included gains in its U.S. business, which got a lift from aggressive pricing that lured more shoppers into its stores. Store visits rose 1.5% in the quarter, a period in which many retailers saw fewer shoppers. Heavy discounting contributed to a slight decline in average basket
MINNEAPOLIS — Target Corp. today said net income increased to $681 million, or $1.23 a share, in the first quarter, a 7.7% increase from $632 million, or $1.05 a share, reported a year ago. Same-store sales slid 1.3% in the period, as store traffic continued to decline. Overall revenue fell 1.1% to $16 billion, down
DUBLIN, Ohio — Cardinal Health Inc. is acquiring a large portion of the hospital supplies business of Medtronic PLC for $6.1 billion in cash. The purchase of Medtronic’s Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency businesses gives Cardinal Health products in 23 categories, from catheters to tourniquet kits, and brands including Kendall, Dover, Argyle
WOONSOCKET, R.I. — Alex Perez-Tenessa, the chief beauty care merchant who helped steer CVS Pharmacy’s campaign to forge a link between health and beauty, has left the company to join e-commerce giant Amazon.com Inc. Perez-Tenessa joined CVS in January 2013 to lead beauty and personal care merchandising after the retailer promoted beauty retail veteran Cheryl
WOONSOCKET, R.I. — CVS Pharmacy this month is introducing beauty boutiques in 2,100 of its stores, featuring more than 100 new products from South Korea, many exclusive to CVS. The K-Beauty HQ boutiques will feature a collection of beauty brands curated by Alicia Yoon, a trailblazer in the K-Beauty cosmetics and skin care trend that
WOONSOCKET, R.I. — CVS Pharmacy said it has removed partially hydrogenated oils (PHOs) from its store-brand food offerings. Since January, the company has been selling more than 600 grocery and snack options without PHOs, the primary source of artificial trans fats in processed food. PHOs have been linked to rising rates of heart disease. The
WASHINGTON — The pace of growth in U.S. health care spending is expected to quicken this year, increasing 5.4% over 2016, according to a report by the Centers for Medicare & Medicaid Services (CMS). Health care spending last year hit $3.4 trillion, an amount that represents a 4.8% increase from 2015, CMS said in a
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) said Walgreens chief merchant Linda Filler is leaving the company on April 1. Filler has agreed to serve in an advisory role beyond that date, the company said, and she plans to devote more time to her family and to accept an offer to join the board
PLYMOUTH, Minn. — Thrifty White Pharmacy has introduced the Healthy Outcomes Diabetes Support Program. Tailored to patients’ individual needs, the diabetes care solution is being offered directly to employers and through health plan partnerships. “We’ve continually heard from employers in our communities that diabetes is one of their top-two concerns,” Thrifty White said. “Our new
DEERFIELD, Ill. — Walgreens Boots Alliance has selected a dedicated agency team at WPP, the world’s largest marketing and advertising agency, to handle its global marketing and communications account. The drug store operator will work with Team WBA, a bespoke team of WPP agencies assigned to handle the retailer’s traditional and digital advertising, media buying
SEATTLE — Amazon.com Inc. is expanding delivery of Bartell Drugs’ inventory to its Amazon Prime Now customers in the Greater Seattle area. The expansion was announced about 10 weeks after Amazon selected Bartells as the first drug store to sell merchandise through its Prime Now one- and two-hour delivery service. About 90% of Bartell’s inventory
WASHINGTON — A federal judge last month temporarily blocked Aetna Inc.’s proposed acquisition of Humana Inc. The move stemmed from a ruling on a lawsuit brought last year by the Justice Department to prevent the health insurers from merging on the grounds that the deal would produce higher prices for consumers and fewer services for
