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MasterCard: Retail sales still strong in April

MasterCard: Retail sales still strong in April

PURCHASE, N.Y. — Monthly retail sales growth continued to be strong in April, according to Mastercard SpendingPulse, which reported that total retail sales (excluding auto) for the month were up 7.2% year-over-year. Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, also found that April sales increased 15.3% compared to

Walgreens names three to leadership team

Walgreens names three to leadership team

DEERFIELD, Ill. — Walgreens announced Wednesday the following key executive positions to its leadership team: Linh Peters, senior vice president and chief marketing officer; Luke Rauch, senior vice president and chief merchandising officer and Bala Visaltha, senior vice president and chief product officer. These additions will begin their new roles in May. “I am thrilled

CVS’ first quarter results beat projections

CVS’ first quarter results beat projections

WOONSOCKET, R.I. _ CVS Health reported strong first quarter results, topping analysts’ forecasts for revenue and earnings. Total revenue for the period ended March 31 climbed 11.2% from the year-ago quarter to $76.8 billion, driven by growth across all segments. Wall Street had estimated revenue of $75.3 billion. Adjusted earnings per share rose 8.8% to

Rite Aid and Afterpay partner

Rite Aid and Afterpay partner

SAN FRANCISCO — Afterpay and Rite Aid  announced a partnership Tuesday, offering Rite Aid’s online shoppers a new way to pay for everyday items in four installments at no additional cost when you pay on time. This partnership will help customers access and spend responsibly on everyday goods with Afterpay’s powerful budgeting tool. “Our relationship

NACDS urges continued push for comprehensive reforms

NACDS urges continued push for comprehensive reforms

ARLINGTON, Va. — NACDS on Monday expressed appreciation for a new federal rule that will help to reduce seniors’ out-of-pocket prescription drug costs by improving transparency of exorbitant direct and indirect remuneration (DIR) fees imposed by payers on pharmacies. NACDS insists that comprehensive DIR fee reform now depends on further legislative and regulatory action to

Walgreens and VillageMD to expand into Massachusetts

Walgreens and VillageMD to expand into Massachusetts

DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) and VillageMD announced Thursday their goal to open more than 10 new Village Medical at Walgreens primary care practices in Massachusetts by the beginning of 2023. The first location is expected to open this May in Quincy followed by locations across the state including locations in the Boston

NACDS chair Nightengale sees changes ahead

NACDS chair Nightengale sees changes ahead

PALM BEACH, Fla. — Newly elected NACDS Chair Brian Nightengale today addressed NACDS-member retailers and suppliers with a strong focus on “the challenges [the industry] face[s], the opportunities we have as a profession and how NACDS is well positioned to be a catalyst for … a new and transformative era for pharmacy.”   Nightengale, who oversees Good Neighbor Pharmacy, a

Video Forum: Brian Nightengale, NACDS and Good Neighbor Pharmacy

Video Forum: Brian Nightengale, NACDS and Good Neighbor Pharmacy

  Brian Nightengale, the incoming chairman of the National Association of Chain Drug Stores and head of AmerisourceBergen’s Good Neighbor Pharmacy network, tells this week’s Video Forum about how he views NACDS’ role in the industry and outlines his priorities for the association. Securing relief from burdensome DIR fees, expanding the scope of pharmacy practice

NACDS Annual reaffirms industry as “face of neighborhood health care”

NACDS Annual reaffirms industry as “face of neighborhood health care”

PALM BEACH, Fla. – At the National Association of Chain Drug Stores (NACDS) Annual Meeting Sunday, industry leaders commended NACDS-member retailers and suppliers for their ongoing collaboration and commitment to serving the American people — and emphasized the vital role the united industry can play in driving the future of total health and wellness. Colleen Lindholz,

Amazon rolls out Buy with Prime

Amazon rolls out Buy with Prime

SEATTLE — Amazon announced Thursday Buy with Prime—a new benefit for Prime members that will extend the convenience of Prime shopping to online stores beyond Amazon.com. Buy with Prime will initially be available by invitation only for merchants using Fulfillment by Amazon (FBA) and will roll out through 2022 as merchants are invited to participate, including those

Anderson discusses anticipation surrounding NACDS Annual Meeting

Anderson discusses anticipation surrounding NACDS Annual Meeting

ARLINGTON, Va. — On the eve of the first in-person National Association of Chain Drug Stores Annual Meeting in three years, Chain Drug Review executive editor Geoff Walden spoke with NACDS president and CEO Steve Anderson about his expectations for the event. Anderson also talked about the most pressing issues facing NACDS and the chain

Rite Aid’s Q4 revenue beats projections

Rite Aid’s Q4 revenue beats projections

PHILADELPHIA — Rite Aid Thursday reported fourth quarter revenue that topped Wall Street’s forecast. The company posted revenue of $6.065 billion for the period ended February 26, up 2.5 percent from $5.917 billion in the year-ago quarter and far greater than the FactSet consensus of $5.470 billion. The gain was driven by retail segment growth,

Walmart names John Rainey chief financial officer

Walmart names John Rainey chief financial officer

BENTONVILLE, Ark. — Walmart has named John Rainey executive vice president and chief financial officer (CFO), effective June 6. Rainey will succeed Brett Biggs, who announced last year that he planned to step down after 22 years with Walmart. Biggs will support the transition to Rainey over the coming months, remaining in the CFO role until