NEW YORK — Faced with unprecedented change in customer behavior and expectations and the growing challenge of e-commerce, retailers across channels are testing new formats and fine-tuning existing store models. The innovation is being driven by a number of different factors, including the hope of luring emerging customer segments, the desire to penetrate new geographic
WOONSOCKET, R.I. — Pharmacy gains propelled CVS Health’s second quarter results ahead of Wall Street’s expectations. Retail sales for the three months ended June 30 climbed 5.7% to $20.7 billion, despite less front-end traffic. Overall same-store sales rose 5.9%. Pharmacy sales jumped 8.3% from a year ago, while same-store front-end sales dipped 1%. CVS’ revenue advanced
WOONSOCKET, R.I. — CVS Pharmacy has expanded its prescription delivery service nationwide and made same-day delivery available in five new major markets. The move makes CVS the first national retailer to make both pharmacy and front-end delivery available chainwide. “The national launch of our prescription delivery service, including the expansion of same-day delivery in five
MIAMI — SilkPro USA, makers of the unique breast health assistance tool Pink Luminous Breast, announced that the device is slated to launch at 100 CVS stores by August 2018. SilkPro USA is also working with CVS Corporate on a nationwide expansion of the device, which will be in place by the end of 2018, and
BELL PLAINE, Minn. — Jet-Alert regular strength 120 count caffeine tablets and Jet-Asleep 100 count nighttime sleep aids are now available at select CVS stores nationwide. Following the launch of these two Jet Brand products on CVS store shelves, store locators have been added to both the Jet-Alert and Jet-Asleep website to assist consumers in finding
NEW YORK — As the epidemic of opioid abuse continues to escalate in America, corporations and other organizations are ramping up their efforts to fight the problem. Rite Aid Corp., for instance, recently announced that DisposeRx, a first-of-its-kind opioid disposal solution, is now available at all of its more than 2,500 pharmacies in locations across
WOONSOCKET, R.I — Marshall, Mo.-based Red Cross Pharmacy Inc. plans to sell its retail pharmacies to CVS Pharmacy, both companies announced last month. Red Cross Pharmacy is a top-50 drug store chain and one of the oldest pharmacy businesses in the country. The acquisition of the 14 Red Cross pharmacies will be effective June 6.
There are some consumers who see the drug store shopping experience as all about convenience. And if you work for one of the Big Three drug chains, this is incredibly frustrating because of the considerable efforts each of these chains has to make to understand its shopper’s personal attributes, her brand preferences and her purchase
CVS Health and Walgreens are commonly referred to as the leaders in the drug store business. The designation usually is meant to convey the scale of their operations compared to that of their competitors in the trade class (sales at Rite Aid Corp., the third-largest drug chain, are less than a quarter of those of
MARSHALL, Mo. and WOONSOCKET, R.I. — Red Cross Pharmacy, a top 50 drugstore chain as well as one of the oldest pharmacy businesses in the country, announced that it plans to sell its 14 retail pharmacies to CVS Pharmacy effective June 6, 2018. The Company, which primarily services markets in northwest central Missouri, has two
WOONSOCKET, R.I. — CVS Health has revealed a new, comprehensive program designed to combat rising prescription drug prices and help patients save money on their medications. The new initiatives are being launched against a background of ongoing increases in manufacturers’ list prices for drugs and a growing percentage of Americans who have high-deductible health plans.
WOONSOCKET, R.I. — CVS Health announced a new initiative focused on early identification of kidney disease and home dialysis for individuals with chronic kidney disease. CVS explained that the program will introduce new home hemodialysis technology that should position the company as a “positive disruptor” in the field, with the potential to “help reshape and
WOONSOCKET, R.I. — CVS Health announced plans to provide $10 million in support of programs to dissuade youths from smoking as the company kicked off year three of its “Be The First” campaign to help deliver the nation’s first tobacco-free generation. “After just two years, we’re encouraged by our contributions to a continuing decline in
WOONSOCKET, R.I. — Kevin Hourican has been promoted to president of CVS Pharmacy, the retail division of CVS Health. Hourican, who most recently served as the company’s executive vice president of retail pharmacy, had been serving as interim president of the drug chain following the departure of Helena Foulkes, who left to head Hudson’s Bay Co. In his