CVS

McKesson, Walmart expand Rx distribution pact

McKesson, Walmart expand Rx distribution pact

SAN FRANCISCO and BENTONVILLE, Ark. — McKesson Corp. and Walmart have expanded their long-term pharmaceutical distribution pact, including a new sourcing agreement for generic drugs. McKesson and Walmart said Monday that the expanded relationship is “a natural next step.” The companies will collaborate on sourcing generics for their U.S. operations, a move that they said

Xlear nasal products hit shelves at CVS, Target

Xlear nasal products hit shelves at CVS, Target

SALT LAKE CITY — Xlear Inc. has landed retail distribution for its xylitol-based nasal sinus care products at CVS Pharmacy and Target stores nationwide. Xlear said Wednesday that products now available at Target include the 1.5-oz. Xlear Nasal Spray, Neti Pot Kit, Sinus Spray Kit and Solution Packets. CVS is stocking in its stores the

Drug chains need to retool for e-commerce era

Drug chains need to retool for e-commerce era

Digital technologies are reshaping both consumer demand and competitive undercurrents in the U.S. consumer packaged goods marketplace. Digital innovations and the explosion of digital, mobile and social media are restructuring how consumers shop for and purchase CPG products. This framework has resulted in new shopping behaviors and purchase pathways, which are disrupting traditional business models

Chain drug industry in period of transition

Chain drug industry in period of transition

One-third of the way into the new year, the chain drug store industry is hardly setting any worlds on fire. Business is good, but noteworthy only in the fact that it’s not better. America’s chain drug industry has significantly dialed down the pace of mergers and acquisitions that had characterized it over the past two

Changes loom as industry starts new year

Changes loom as industry starts new year

The new year has begun inauspiciously for chain drug retailing, an industry that is still trying to assess the results of the just completed Christmas selling season. By all accounts, December was a month of no great accomplishments, even if it was not the disaster some observers predicted. Now it’s on to 2016, and the

Questions abound as ’15 draws to a close

Questions abound as ’15 draws to a close

The National Association of Chain Drug Stores held its year-end meetings in New York City early this month — and very little was as it had been a year ago. Many of the same familiar faces were on hand, and several of the same retail companies attended. But the yearlong series of events that have

Walgreens-Rite Aid deal changes game

Walgreens-Rite Aid deal changes game

The spectacular is becoming so commonplace that even the most astonishing events in chain drug retailing are assuming a ho-hum characteristic. Nothing new here, even if Walgreens has announced its intention to acquire Rite Aid. Put another way, America’s largest chain drug retailer is intent on combining its fortunes and its future with the country’s

A&P’s demise holds lesson for all retailers

A&P’s demise holds lesson for all retailers

The Great Atlantic & Pacific Tea Co. has, for the second time in five years, entered Chapter 11, a return that likely presages the death of one of the legendary names in the history of mass market retailing. The decision to seek bankruptcy protection one Sunday last month marked the end of the latest effort

Retail’s role deserves acknowledgement

Retail’s role deserves acknowledgement

Retailing is making headlines in the consumer press these days — the wrong kind of headlines. Some samples include the following: • CVS is being accused of targeting African-American and Hispanic shoppers as more likely to cause trouble than are Caucasian customers. • Walmart has reluctantly agreed to lower the temperature — by one degree

Exclusive, niche brands loom large in beauty mix

Exclusive, niche brands loom large in beauty mix

The year 2014 will be remembered as one of discovery about the power of niche and exclusive beauty brands at retailers in the United States, and that momentum will increase well into the future. Global retailers long ago recognized the potential for creating differentiation and loyalty with consumers through their own brands. The potential for

NACDS regional chain meeting still vital, vibrant

NACDS regional chain meeting still vital, vibrant

The most stunning aspect of the recently held NACDS Regional Chain Conference, convened on the west coast of Florida on February 1, was the absence of many of the industry veterans around whom the conference revolved in years past. Tony Civello, until recently the head of Kerr Drug, was absent, having sold his drug chain

Fred’s appoints Bloom president and COO

MEMPHIS, Tenn. — Former CVS and Family Dollar Stores Inc. executive Mike Bloom has become president and chief operating officer of small-box discounter Fred’s Inc. “Our board of directors views this senior management addition as an important step in the process of developing the Fred’s team of the future,” said company chairman Michael Hayes. “The hiring

CVS to stop selling tobacco products

WOONSOCKET, R.I. — CVS Caremark Corp. will halt all sales of cigarettes and other tobacco products through its more than 7,600 CVS/pharmacy stores nationwide by Oct. 1. The action makes CVS/pharmacy the first national drug chain to take this step. “Ending the sale of cigarettes and tobacco products at CVS/pharmacy is the right thing for

Chain drug stores can flourish in omnichannel world

As if the obvious needed to be stated, the period of slow, evolutionary change in the retailing environment for drug, food and convenience items is long over. The arrival of pure-play e-commerce companies to food, drug and beauty retailing marked the end of evolutionary and the beginning of truly explosive revolutionary change. The battlefield is

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