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Rite Aid teams with Quest Diagnostics

Rite Aid teams with Quest Diagnostics

PHILADELPHIA — Rite Aid announced Tuesday that it is collaborating with Quest Diagnostics to provide access to quality COVID-19 molecular testing (polymerase chain reaction or similar nucleic acid amplification test) to help Rite Aid customers detect and prevent the spread of COVID-19. Quest is the world’s leading provider of diagnostic information services and a national

Video Forum: Lamont Robinson, AmerisourceBergen

Video Forum: Lamont Robinson, AmerisourceBergen

  In this week’s Video Forum, Lamont Robinson, director of supply diversity at AmerisourceBergen, discusses the origins of diversity, equity and inclusion programs and the company’s commitment to leadership in the field. He also addresses the benefits that veteran-owned, women-owned, minority-owned and other diverse businesses derive from AmerisourceBergen’s DEI efforts and his passion for his

Prime Day 2022 reaches historic milestone

Prime Day 2022 reaches historic milestone

SEATTLE — Amazon Prime members purchased more than 300 million items worldwide during Prime Day 2022, making this year’s event the biggest Prime Day event in the company’s history. And, more shopping means more savings—Prime members saved over $1.7 billion, more than any previous Prime Day event. This year was the biggest Prime Day event

U.S. online retail sales to top $1 trillion in 2022

U.S. online retail sales to top $1 trillion in 2022

WASHINGTON — The Retail & Consumer Products practice at FTI Consulting projects U.S. online retail sales will reach $1.07 trillion in 2022 despite increasing concerns among shoppers about the condition of the economy and personal finances. The milestone, which FTI Consulting projected prior to the COVID-19 pandemic would be reached in 2025, is an increase

Tilak Mandadi named to senior technology role at CVS

Tilak Mandadi named to senior technology role at CVS

WOONSOCKET, R.I. — CVS Health has appointed Tilak Mandadi as executive vice president and to the newly created role of chief data, digital and technology officer, effective July 25. Mandadi will be responsible for the company’s data, digital and technology strategy while overseeing growth and innovation through digital-led, consumer-focused experiences and services. “Technology is a

CVS launches new elevated skin care beauty format

CVS launches new elevated skin care beauty format

WOONSOCKET, R.I. — CVS Pharmacy is piloting a new Skin Care Center format, launching in three CVS locations, featuring a wholly owned “shop-in-shop” beauty experience to bring enhanced access to skin health innovations. The Skin Care Center format is now in select CVS Pharmacy locations in New York, N.Y. Woodland Hills and Walnut Creek, Calif.

Walmart+ adds InHome delivery as an option

Walmart+ adds InHome delivery as an option

BENTONVILLE, Ark. — Walmart has begun offering its popular InHome Delivery Service as an optional add-on within its Walmart+ membership program.   The move, which took effect on Wednesday, combines what had been two standalone memberships into one program with a premium option. Members of the $12.95 a month/$98 a year Walmart+ program can now

CVS Health leaves NACDS

CVS Health leaves NACDS

WOONSOCKET, R.I. — CVS Health has pulled out of the National Association of Chain Drug Stores, depriving the retail pharmacy trade group of the country’s largest drug chain by number of stores. CVS also owns the nation’s biggest pharmacy benefits manager. CVS’ nearly 10,000 stores made up almost a quarter of the pharmacies NACDS represents. “Every

Video Forum: Nicholas Hall, Nicholas Hall Group of Companies, Part 2

Video Forum: Nicholas Hall, Nicholas Hall Group of Companies, Part 2

In the second of two installments, Nicholas Hall, chairman and CEO of the Nicholas Hall Group of Companies, tells this week’s Video Forum about the coming reconfiguration of the self-care sector. He also addresses some of the challenges stemming from the large assortments carried by chains in the U.S.; prospects for over-the-counter health care devices

WBA tops Q3 sales and earnings forecasts

WBA tops Q3 sales and earnings forecasts

DEERFIELD, Ill. — Walgreens Boots Alliance posted third quarter sales and earnings that beat Wall Street’s projections. The company’s adjusted earnings per share of 96 cents topped analysts’ forecast of 92 cents, while its revenue of $32.6 billion exceeded the predicted $32.06 billion. WBA said it was maintaining its full year adjusted EPS guidance of

Cardinal Health rolls out inventory reserve program

Cardinal Health rolls out inventory reserve program

DUBLIN, Ohio — Cardinal Health announced on Wednesday the launch of an inventory reserve program that helps labs and health systems more accurately pre-order respiratory diagnostics before the onset of seasonal flu, strep and RSV. This new program provides clearer demand signals to the supply chain ahead of the season, which helps reduce the friction

WBA to retain ownership of Boots business

WBA to retain ownership of Boots business

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) announced on Tuesday its decision to keep its Boots and No7 Beauty Company businesses under its existing ownership. This marks the conclusion of the review that began in January in line with the company’s strategic priorities. WBA has been encouraged by productive discussions held with a range of

Video Forum: Nicholas Hall, Nicholas Hall Group of Companies, Part 1

Video Forum: Nicholas Hall, Nicholas Hall Group of Companies, Part 1

  Nicholas Hall, chairman and CEO of the Nicholas Hall Group of Companies, tells this week’s Video Forum about how the self-care category performed during the COVID pandemic and assesses its prospects now that a new normal is beginning to emerge. In the first installment of a two-part interview, Hall also discusses Americans’ embrace of