CBD and mass retail: a perspective from the trenches
There is no doubt that CBD is top of mind with retailers these days.
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Something is rotten with e-commerce food sales
Online grocery shopping was once considered a fresh concept. But it appears to be quickly spoiling.
Megatrends are shaping health across national borders
Megatrends are shifts in behaviors or attitudes globally impacting industries over the long term. Euromonitor International has identified eight megatrends currently disrupting a wide range of sectors.
Mylan adapts model to changing health care system
Over the course of the past decade, Mylan has succeeded in refining and expanding its business model in pursuit of the goal of improving access to medications and addressing gaps in the market.
Contextualizing the value of retail Rx
A quarter century ago, it was unusual to have flu shots and other vaccinations administered in a retail pharmacy setting.
NACDS campaigns for pharmacy’s future
The National Association of Chain Drug Stores is fighting for the retail pharmacy industry’s future on a number of fronts, and the stakes are high. Of particular import is the issue of direct and indirect remuneration (DIR) fees, which represent a major threat.
How to get out from the suffocating miasma of DIR fees
The direct and indirect remuneration (DIR) component of Medicare Part D programs today is very complicated and has been implemented in a variety of ways. The lack of clarity, fairness and transparency to all parties has created business challenges for pharmacies.
Consumers embrace new healthy living mindsets
It’s hard to miss the heightened shopper interest in health and wellness these days. In our recent “How America Shops” study, The Big Business of WELL, many shoppers showed they are committed to being well: 42% said that while it costs more to “live healthy,” it’s worth it.
Sera Labs: a thriving CBD company with a difference
The retail market for products containing CBD is projected to expand rapidly in the coming years amid the growing acceptance of hemp and cannabis across the country. One of the up-and-coming companies in this category is Sera Labs.
Anderson sees ‘brilliant role’ for chain pharmacy, NACDS
This year the political and public policy environment in Washington is markedly different from last year, when chaos prevailed.
The profit pool for U.S. prescription drugs is shrinking
For the past few years, the United States has been wrestling with the cost of health care. Our system is shifting toward outcomes-based payment models, and falling reimbursements are encouraging efficiency.
There’s a whole new look to chain drug retailing
Chain drug retailing isn’t what it used to be. The merger of CVS Health and Aetna, and Walgreens Boots Alliance (WBA’s)’s pivot toward a digital-first strategy have redefined the industry’s business model. “It’s a new world out there,” says one analyst, “in large part because of Amazon.
Diplomat employing SMRxT technology to enhance patient care
Diplomat Pharmacy is expanding its strategic relationship with medication adherence company SMRxT, creator of the Nomi system. Nomi sensor technologies record when a patient takes their medication, including the number of tablets.
Walmart’s new intelligent retail lab shows a glimpse into the future of retail
Over the past few months, a Walmart Neighborhood Market on Long Island, has been quietly transforming into the store of the future. With artificial intelligence-enabled cameras, interactive displays and a massive data center, this store suggests a retail future that seems like science fiction.
AZOVA and Valu Merchandisers ink deal
AZOVA, the fast-growing and most comprehensive cloud-based, digital health platform for pharmacies, physicians, patients, employer groups and payers, announced a partnership Friday with Valu Merchandisers Co. (VMC).
Target officially opens Kip’s Bay location
Target Corp. officially opened on Friday its new store in the Kip’s Bay neighborhood of Manhattan. The outlet is the retailer’s fifth small-format store in Manhattan and its 78th store in the greater New York area. The Kip’s Bay store is about 21,000 square feet in size and employs about 80 team