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2016

CVS, OptumRx are teaming up

CVS Pharmacy is partnering with OptumRx, the PBM subsidiary of UnitedHealth Group, to boost convenience and lower costs for consumers and clients while improving outcomes.

Optimism surrounds holiday shopping season

Optimism surrounds holiday shopping season

Pervasive optimism over the economy and strong early online sales signaled a robust holiday shopping season. Economic growth, a lack of inflation, rising wages and low unemployment have buoyed consumers and augured a willingness to spend significantly through December.

Rite Aid courts American Express members

Rite Aid Corp. is providing American Express cardholders extra incentive to shop at Rite Aid by offering those participating in the Membership Rewards program the opportunity to use rewards points for eligible purchases.

Walgreens hits Theranos with breach-of-contract suit

Walgreens filed a breach-of-contract lawsuit against Theranos Inc., its former lab-testing partner, seeking damages of $140 million. The damages figure represents the amount that the drug store chain said it invested in the Palo Alto, Calif.-based health technology company.

Walmart, Kroger top Kantar PoweRanking

Walmart and Kroger Co. finished in a virtual tie as the top retailer in the 2016 PoweRanking determined by consulting firm Kantar Retail LLC. PepsiCo and Coca-Cola Co. were at the top of the rankings of manufacturers in this year’s survey. Walmart has been atop the retailer rankings for more than a