May 6, 2020 by Chain Drug Review
CVS, earnings, Larry Merlo, pandemic
Featured Articles, Leading Headlines, News, Retail News
WOONSOCKET, R.I. — Strong sales during the early stage of the coronavirus pandemic helped lift CVS Health’s first quarter earnings well above Wall Street’s projection. The company’s adjusted earnings per share of $1.91 easily topped analysts’ prediction of $1.63. The comparison is skewed however, by the inability of forecasters to have projected the extent of
April 22, 2020 by Chain Drug Review
COVID-19, CVS, drive-thru test
Leading Headlines, News, Pharmacy, Retail News
DEARBORN, Mich. — CVS Health launched a rapid COVID-19 drive-thru testing site here, in conjunction with federal and state officials. The site will provide state residents with rapid testing and on-the-spot results at no cost, using the new Abbott ID NOW test. CVS has opened similar large-scale rapid testing sites in Connecticut, Georgia, Massachusetts and
April 17, 2020 by Brian Bossetta
coronavirus, Covid, CVS, retailers, Walgreens, Walmart
Retail News
NEW YORK — As the COVID-19 pandemic continues to spread and with more grim numbers for both the health of individual Americans and the health of the economy capturing the headlines, retailers have taken unprecedented steps to remain a viable source for essential goods and services while keeping their associates and customers safe. Fresh research
April 15, 2020 by Larry Merlo
COVID-19, CVS, CVS Health, Larry Merlo
Featured Articles, Leading Headlines, Opinion
Editor’s note: This is the first in a series of articles on how retailers are responding to the COVID-19 crisis. This past month — for all Americans — has been unlike any other experienced in our lifetimes. The heroic efforts of health care professionals and others on the front lines of the pandemic have been
April 13, 2020 by David Pinto
CVS, David Pinto, Kroger, Walamart
April 13, 2020, Opinion
The U.S. retailing community is totally immersed in the coronavirus pandemic. Indeed, you would be hard put to find any other segment of American society so completely and effectively involved in this international crisis. Walk into a CVS drug store, a Walmart Supercenter or a Kroger grocery store and you are immediately met by a
March 17, 2020 by Chain Drug Review
CVS, Dr. Alan Lotvin, Drew Asher, Envolve Pharmacy Solutions, PCMA
Leading Headlines, Pharmacy
WASHINGTON— The Pharmaceutical Care Management Association (PCMA) announced that Drew Asher will be joining PCMA’s board of directors. He is the chief executive officer of Envolve Pharmacy Solutions. PCMA is the national association representing America’s pharmacy benefit managers (PBMs) which administer prescription drug plans for more than 266 million Americans with health coverage through Fortune
March 10, 2020 by Chain Drug Review
CVS, CVS Pharmacy, Jon Roberts CVS Health, Schnucks, Todd Schnuck
Business, Featured Articles, Leading Headlines, Retail News
WOONSOCKET, R.I. — CVS Pharmacy and Schnucks have entered into a definitive agreement for CVS Pharmacy and certain of its subsidiaries to acquire Schnuck Markets retail and specialty pharmacy businesses. Through this agreement, CVS Pharmacy and its subsidiaries will acquire and operate 99 of the grocer’s pharmacies and will brand them as CVS Pharmacy. Additionally,
February 17, 2020 by Chain Drug Review
CVS, PBM
February 17, 2020, News
WOONSOCKET, R.I. — CVS Health unveiled a new solution that eliminates out-of-pocket costs associated with all diabetes prescription medications, including insulin, for members of the company’s pharmacy benefit manager. Offered through the CVS Caremark PBM, RxZERO enables employers and health plan sponsors to leverage formulary and plan design approaches to offer all categories of diabetes
February 17, 2020 by David Pinto
CVS, NACDS, Publix, Rite Aid, Walgreens
February 17, 2020, Opinion
As The New York Times has been doing of late with astonishing regularity and surprising frequency, the newspaper of record has at last gotten round to demolishing the retail pharmacy business. In a front-page story on February 1, the Times shrieked, in its headline, that “Overloaded Pharmacists Warn They’re Making Fatal Mistakes.” The story proceeded
February 3, 2020 by Chain Drug Review
CVS, CVS board of directors, CVS Health, David Dorman, Richard "Dick" Swift, Richard Bracken and Mark Bertolini
Leading Headlines, Pharmacy, Retail News, Uncategorized
WOONSOCKET, R.I. — CVS Health has announced upcoming changes to its board of directors. Richard “Dick” Swift, Richard Bracken and Mark Bertolini will not stand for reelection at the company’s 2020 Annual Meeting. The board will then be reduced from 16 to 13 directors in order to further align with corporate governance best practices. Swift, the former
January 24, 2020 by Chain Drug Review
CVS, Ralph Hoagland III
Featured Articles, Leading Headlines
NEW YORK — Ralph Hoagland III, a serial entrepreneur who helped create CVS, America’s largest drug chain, died Friday. He was 86. Hoagland died from complications due to posterior cortical atrophy, a dementia-related disease, CVS confirmed in a statement. “All of us at CVS were saddened to learn of the passing of the company’s co-founder,
January 13, 2020 by Chain Drug Review
CVS, Hourican, Sysco
Featured Articles, Leading Headlines, Retail News
WOONSOCKET, R.I. — CVS Pharmacy president Kevin Hourican is leaving the company to become president and CEO of food service company Sysco Corp. “Retail pharmacy and the role pharmacists play in health care are rapidly evolving, and we’ll continue to lead the way in responding to changing patient needs,” said Larry Merlo, president and chief
January 9, 2020 by Bill Schiffner
CVS, CVS Health, Judy Sansone
Featured Articles, January 6, 2020, Leading Headlines, News, Retail News
WOONSOCKET, R.I. — Judy Sansone has seen a lot of changes during the course of her diverse career at CVS Health and, in many cases, she has helped play a major role in the evolution of the company from a regional drug store operator into a national chain, a pharmacy innovation company, and now a
December 6, 2019 by Brian Bossetta
CVS, SheaMoisture, Ulta
November 18, 2019
NEW YORK — America is becoming more and more diverse, and as that diversity spreads it will have a major influence on retailers as the impact of the multicultural shopper becomes more significant. The U.S. multicultural population is projected to grow by 98 million in the coming decades, according to Acosta, a sales and marketing