March 18, 2024 by Chain Drug Review
NRF, Retail employment
Featured Articles, Leading Headlines
WASHINGTON – The retail industry continues to be a top employer, according to a new report released by the National Retail Federation on Monday, which found that retailers supported 55 million full-time and part-time jobs in 2022, accounting for 26% of total U.S. employment. The figures are up from 52 million jobs and 25% of
March 14, 2024 by Chain Drug Review
NACDS RxImpact Day
Featured Articles, Leading Headlines, Retail News
WASHINGTON — Sens. Ron Wyden (D., Ore.) and Mike Crapo (R., Ind.) joined pharmacy advocates from the across the country at a rally on Capitol Hill this morning to press members of Congress to pass meaningful PBM reform as soon as possible. Wyden and Crapo, the chairman and ranking member of the Senate Finance Committee,
March 13, 2024 by Chain Drug Review
Family Dollar to close nearly 1000 stores
Featured Articles, Leading Headlines, Retail News
CHESAPEAKE, Va.— The Family Dollar discount chain said Wednesday that it will close around 1,000 stores. The announcement came as the chain’s parent company, Dollar Tree, announced its fourth-quarter fiscal results for 2023. The chain said it will close 600 locations this year and 370 stores over the next several years as store leases expire. Family
March 10, 2024 by Jeffrey Woldt
Care Pharmacies, Video Forum: Mike Wysong
Featured Articles, Leading Headlines, Videos
Mike Wysong, chairman of CARE Pharmacies, tells this week’s Video Forum what his one-year term as NACDS chairman has taught him — about both the association and the industry. Wysong shares his views about the current state of the retail pharmacy business, as well as such important issues as PBM reform, expanding the scope of
March 8, 2024 by Chain Drug Review
Biden to urge Congress to pass measures to lower health care costs
Featured Articles, Leading Headlines, Pharmacy
WASHINGTON — President Biden urged Congress to focus on cost-saving ideas for pharmaceuticals in his State of the Union address Thursday night, including capping out-of-pocket prescription drug costs for all Americans and allowing the federal government to negotiate the prices of widely used medications. The two proposals expand on actions taken in the 2022 Inflation
March 7, 2024 by Chain Drug Review
Kroger’s Q4 earnings beat expectations
Business, Featured Articles, Leading Headlines, Retail News
CINCINNATI—Kroger reported flat sales for the fourth quarter and fiscal year ended February 3, but profits beat expectations. The retailer reported a $736 million profit on sales of $37.1 billion for the three-month period. Kroger noted that identical sales (excluding fuel decreased 0.8% in the quarter, while underlying identical sales without fuel increased 0.1%. The
March 6, 2024 by Chain Drug Review
Rite Aid enters into agreement to divest majority of Health Dialog Assets
Featured Articles, Leading Headlines, Pharmacy, Retail News
PHILADELPHIA — Rite Aid Corp. today announced that it has entered into an asset purchase agreement (APA) for the partial sale of its Health Dialog business to Carenet Health (Carenet), a provider of healthcare engagement, clinical support, telehealth and advocacy solutions. Health Dialog provides personalized population health solutions to improve the health of members while
March 5, 2024 by Chain Drug Review
but sales lag, Target’s earnings top expectations
Featured Articles, Leading Headlines, Retail News
MINNEAPOLIS — Target reported fourth-quarter sales and earnings that beat analyst expectations, boosting its shares in pre-market trading. But total sales for the year declined, the company said. Target reported that GAAP and adjusted earnings per share of $2.98 was 57.6% higher than last year, and well-above the high end of the expected range of
March 4, 2024 by Chain Drug Review
NACDS letter to President urges action and support of immediate Congressional action on PBM refo
Featured Articles, Leading Headlines, Pharmacy
WASHINGTON – The National Association of Chain Drug Stores (NACDS) 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 on Friday applauds the Administration for holding a listening session today
March 4, 2024 by Chain Drug Review
NRF Economist: Inflation remains key
Business, Featured Articles, Leading Headlines, Retail News
WASHINGTON – Inflation and the Federal Reserve’s efforts to bring it under control will remain big factors in the economy this year, according to National Retail Federation Chief Economist Jack Kleinhenz.“With the U.S. economy’s strength resting heavily on household spending, all eyes are on the consumer – and how consumers will respond the next few
February 29, 2024 by Chain Drug Review
CMX partners with Pinterest to bring new, precise attribution to partners
Featured Articles, Leading Headlines, Retail News, Technology
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
February 27, 2024 by Chain Drug Review
Walgreens accepted broad array of Medicare Advantage Supplemental Benefits
Featured Articles, Leading Headlines, Pharmacy, Retail News
DEERFIELD, Ill. — Walgreens announced it is the first community pharmacy to accept a broad array of Medicare Advantage supplemental benefits online, through Walgreens.com and the Walgreens app. Eligible members can now shop from a catalog of approximately 1,700 Shop Eligible Products on Walgreens digital channels. Consumers have been able to shop using their Medicare Advantage supplemental
February 26, 2024 by Chain Drug Review
FTC sues to block $25 Billion Kroger-Albertsons Merger
Business, Featured Articles, Leading Headlines, Retail News
WASHINGTON — Tthe Federal Trade Commission has sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to higher prices for millions of Americans. The FTC filed the lawsuit in U.S. District Court in Oregon on Monday. It was joined in the suit
February 26, 2024 by Chain Drug Review
Dollar General opens 20, Dollar General opens 20000th store
Featured Articles, Leading Headlines, Retail News
GOODLETTSVILLE, Tenn. — Dollar General on Friday celebrated the grand opening of its 20,000th store at its DG Market location in Alice, Texas. “Today marks an incredible milestone in Dollar General’s history,” said Steve Deckard, Dollar General’s executive vice president of store operations and development. “From our first general store to today’s 20,000th store opening,