2023 Retail Forecast
Top chain drug and distribution executives give their outlook for 2023 on the following pages, detailing the challenges and opportunities that lie ahead for the industry.
Chain Drug Review
PQA expands the Social Determinants of Health Resource Guide
ALEXANDRIA, Va. – The Pharmacy Quality Alliance (PQA) has expanded the PQA Social Determinants of Health (SDOH) Resource Guide. The second edition of this guide profiles 32 SDOH services, including 12 new services and updates to nine initiatives from the first edition.
Mars celebrates women with M&M’S limited-edition packs
This month, M&M’S, proudly part of Mars, will release its first-ever packs spotlighting dynamic female M&M’S characters. The all-female packs celebrate women everywhere who are flipping the status quo.
Alex Gourlay appointed as executive chair of Holland & Barrett
Former Walgreens executive Alex Gourlay has been appointed executive chair of Holland & Barrett, a leading wellness business and one of the largest in Europe.
Hy-Vee offering more options for Medicare Part D beneficiaries
Hy-Vee, Inc. announced that Medicare Part D beneficiaries are now able to access reduced-cost monthly insulin supplies and free Shingrix vaccines at all Hy-Vee Pharmacy locations, as outlined in the recent Inflation Reduction Act, which went into effect Jan. 1, 2023.
NIH rolling out Home Test to Treat program
The National Institutes of Health, in collaboration with the Administration for Strategic Preparedness and Response (ASPR) at the U.S.
BrandSpark reveals most trusted grocery retailers in America
NEW YORK – In partnership with Newsweek and Winsight Grocery Business, BrandSpark International announces the fifth annual grocery edition of its BrandSpark Most Trusted Awards, as voted by American shoppers.
PQA appoints 2023 board, executive committee
ALEXANDRIA, Va. – The Pharmacy Quality Alliance (PQA) Board of Directors approved its 2023 Executive Committee and appointed six new members to the 25-member board during its 2022 fourth quarter meeting. The appointments are effective January 1.
NCPA releases third episode of “Show Me” reality series
ALEXANDRIA, Va. – The National Community Pharmacists Association today released the third episode of its educational reality series, “Show Me.
WBA’s first quarter earnings beat estimates
Walgreens Boots Alliance posted first quarter sales and earnings that topped analysts’ forecasts. WBA reported adjusted earnings per share of $1.16, surpassing the expected $1.14. Revenue for the three-month period ended Nov. 30 was $33.38 billion, ahead of the projected $32.84 billion.
Oklahoma announces four settlements with opioid litigation
OKLAHOMA CITY – Oklahoma Attorney General John O’Connor announced on Wednesday four new settlements in the State’s opioid litigation. With these new settlements, Oklahoma has now recovered more than $900 million in opioid settlements.
L’Oréal unveils two new CES 2023 innovation award-winning beauty technologies
LAS VEGAS – L’Oréal at CES 2023 unveiled two new technology prototypes that expand access to beauty expression: HAPTA, the first handheld, ultra-precise computerized makeup applicator designed to advance the beauty needs of people with limited hand and arm mobility; and L’Oréal Brow Magic, the first
Aurobindo gets thumbs up from FDA for sildenafil for oral suspension
EAST WINDSOR, N.J. – Aurobindo Pharma Limited has received final approval from U.S. Food and Drug Administration for its Abbreviated New Drug Application sildenafil for oralsuspension, 10mg/mL.
Hy-Vee to host Best of Local Brands Summit March 1
Hy-Vee announced that it will host its next quarterly Best of Local Brands Summit in March to expand and enhance the product offerings at its more than 285 retail stores in Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, South Dakota and Wisconsin.
Balance between inflation and interest rates is key to avoiding recession
WASHINGTON – It’s too soon to say whether the Federal Reserve’s efforts to reduce inflation will lead to a recession, but continuing interest rate hikes increase the chances, National Retail Federation Chief Economist Jack Kleinhenz said Tuesday.
HDA opens new headquarters in Washington
The Healthcare Distribution Alliance (HDA), the national association representing pharmaceutical distributors, announces the relocation of its headquarters to Washington, D.C.