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
WOONSOCKET, R.I. — CVS Health today announced a new collaboration with Job Corps, the largest free residential education and job training program for young adults. “As the skills gap in the U.S. widens, CVS Health recognizes the important role externships, which offer on-the-job training with classroom instruction, play in building a pipeline of future skilled talent,”
The new year is finally here. On balance, 2016 was a year best forgotten. Very few events of a positive nature will be remembered. On the other hand, many unsettling moments would best be reviewed at another time — if at all. As 2017 dawns, several important questions remain to be resolved, a few of
As the year nears its end, surprises continue to make news in chain drug retailing. Mostly, negative surprises. Earlier this month, CVS downsized its headquarters staff by some 600 employees, stopping for a moment the retailer’s uninterrupted string of good news. Following that announcement, the Woonsocket, R.I.-based drug chain issued a warning that results might
NEW YORK — Speculation continues to percolate about snags holding up Walgreens Boots Alliance Inc.’s (WBA’s) acquisition of Rite Aid Corp. Last last month the New York Post reported that private equity firms were uninterested in purchasing 650 stores that WBA must divest to satisfy antitrust requirements. Investors found the stores to be subpar and
ST. LOUIS — Express Scripts Inc. is changing out CVS Pharmacy for Walgreens in its retail pharmacy network for TRICARE, the U.S. military’s health care and drug benefits program. Plans call for Walgreens pharmacies to join the Express Scripts network for TRICARE on Dec. 1. At that time, CVS pharmacies — including CVS locations in
SILVER SPRING, Md. — The Food and Drug Administration has issued a warning that homeopathic teething tablets and gels may present a health risk to infants and children. The FDA on Friday urged consumers to stop using the products and dispose of any that they have. The agency said the homeopathic teething tablets and gels
It looks like one divestment possibility for Walgreens Boots Alliance isn’t panning out as it works with the Federal Trade Commission to gain antitrust clearance for its acquisition of Rite Aid. The New York Post reported this week that WBA hasn’t been able to sway private equity firms to buy a chunk of Walgreens and/or