WOONSOCKET, R.I. — As Larry Merlo sees things, health care delivery in the United States is a tale of two incompatible models, a costly, inefficient one rooted in the past, and another focused on a future of increased patient access, improved outcomes and lower costs. “At the moment, it’s as if we have two health
MINNEAPOLIS — Target Corp. on Wednesday posted fiscal third-quarter profits and sales that exceeded expectations. The retailer also raised its forecast for fourth-quarter sales and full-year earnings. Target earned $1.04 per share in the third quarter on sales of $16.4 billion. Analysts had expected earnings of 83 cents a share on $16.3 billion in revenue,
MINNEAPOLIS — Target Corp. has hired former Walmart executive Shekar Natarajan for the newly created role of senior vice president, network planning and operational design, with oversight of Target’s direct-to-store and direct-to-customer shipping operations. Natarajan will join Target on November 20 and work out of its offices in Sunnyvale, Calif. He will report to Arthur
MINNEAPOLIS — Target Corp. announced that Anne Dament, senior vice president of grocery merchandising, will be leaving the company on Nov. 18 after 18 months in the role. The retailer said it will conduct an extensive search within and outside the company to find Dament’s replacement. Her duties are being transitioned to Mark Tritton, Target’s
ONALASKA, Wis. — CVS pharmacy manager Adam Matz didn’t begin his career at a drug store. In fact, he didn’t even begin it in pharmacy. Matz, 39, manages the CVS Pharmacy at the Target store in Onalaska, a suburb just north of La Crosse, Wis. He had been a Target pharmacy manager for about seven
NEW YORK — Target Corp. has brought its flexible format to Manhattan, opening a two-story, 45,000-square-foot store to serve Millennials and other city dwellers in the trendy neighborhood of Tribeca. The store is one of four flexible format stores that Target opened on Wednesday. The other three are in Philadelphia; Cupertino, Calif.; and State College,
MINNEAPOLIS — Target Corp. announced on Friday that chief digital officer Jason Goldberger had left the company, “effective immediately.” Jason Goldberger Goldberger’s responsibilities will be split between two Target executives, the company said in a statement. Work related to pricing and promotions is being taken over by Mark Tritton, Target’s chief merchandising officer, who joined
MINNEAPOLIS — Target Corp. executive vice president and chief marketing officer Jeff Jones is leaving the company to join online car service company Uber. Target said Tuesday that Jones is leaving the company effective Sept. 9. Jones, who has served as Target’s top marketer since 2012, will become the president of ride sharing at Uber,
Target Corp. gives a peek into some of the goings-on in its technology organization in a chat with its chief information officer, Mike McNamara. Looking ahead, Target aims to keep blending more digital elements into the retail mix, as well as behind the scenes, according to McNamara, who joined the company in June 2015 from
MINNEAPOLIS — Target Corp. posted a 7.2% decrease in revenue and a 9.7% decline in net earnings for the second quarter. Target said Wednesday that adjusted earnings per share were $1.23 for the second quarter ended July 30, well above analysts’ projections of $1.13, on revenue of nearly $16.2 billion, which was in line with
WOONSOCKET, R.I. — Rising PBM and specialty pharmacy sales and recently acquired pharmacy businesses lifted revenue at CVS Health Corp. for the second quarter, with adjusted earnings per share topping Wall Street’s consensus forecast. CVS Health said Tuesday that for the second quarter ended June 30, sales climbed 17.6% to $43.73 billion from $37.17 billion
WOONSOCKET, R.I. — CVS Pharmacy has set foot in Colorado, opening its first locations in the state inside Target Corp. stores. CVS Health said CVS pharmacies have opened at 39 Target stores in the Denver, Colorado Springs and Fort Collins metropolitan areas. The pharmacies are operating under a store-within-a-store format branded as CVS Pharmacy. “We’re
WOONSOCKET, R.I. — MinuteClinic, the retail clinic arm of CVS Health, has expanded its services and introduced a digital tool designed to make accessing those services more convenient for patients. New medical services on offer at the more than 1,100 retail medical clinics that MinuteClinic operates in CVS Pharmacy and Target Corp. stores nationwide include
WOONSOCKET, R.I. — CVS Health continues to move forward with conversion projects from its acquisition of Target Corp.’s pharmacy and retail clinic business. CVS this week opened the first CVS Pharmacy locations inside Target stores in Washington and Oregon. The Washington locations are in the Olympia, Seattle, Spokane and Tacoma metropolitan areas. The departments are
