eCommerce channels being utilized more for drug and medical device sales
As tech-savvy millennials have come to expect a high level of user experience (UX), the health care industry has begun to digitize products, services, and commerce models.
Business
IRI unveils findings of new CBD attitude and usage study
IRI Tuesday released findings of a new study focused on understanding the attitudes and usage motivations of legal adult cannabis users, and the projected impact of further legalization on consumer product purchase habits.
Publix announces 1.1% comp store sales gain in 4Q
Publix reported sales of $9.3 billion for the fourth quarter. That is an increase of about 3.8% increase over the $8.9 billion posted in prior year period. Comparable store sales were up 1.1%. Net earnings for the quarter ended December 29 were $407 million, down 46.9% from the $766.
Ahold Delhaize reports 3% sales gain in Q4
Ahold Delhaize on Wednesday reported fourth quarter operating income of 627 million euros ($716 million) at constant exchange rates, with net sales of 16.5 billion euros, a 3% increase from a year ago. The company’s fourth quarter results were lifted by a 25% increase in online sales.
SDM drives slight gain in Loblaw’s Q4 sales
Shoppers Drug Mart propelled a slight uptick in parent Loblaw Cos.’ fourth quarter sales. SDM posted 1.9% same-store sales growth for the quarter ended December 29 compared to a year earlier, with pharmacy same-store sales growth of 0.6% and front store same-store sales growth of 2.8%.
WBA to participate in SVB Leerink Global Healthcare Conference
DEERFIELD, Ill. – Walgreens Boots Alliance announced Friday that global chief financial officer James Kehoe will participate in a fireside chat at the 8th Annual SVB Leerink Global Healthcare Conference, Thursday, February 28 at 3:00 p.m. Eastern time.
Diplomat delays release of 2018 financial results
Diplomat Pharmacy announced Friday that it is postponing the release of its fourth-quarter and full-year 2018 financial results and the related conference call and webcast to March 15.
CVS ahead of Q4 earnings forecasts
CVS Health posted stronger-than-expected fourth quarter earnings Wednesday but issued 2019 profit guidance that fell short of Wall Street forecasts linked to “significant additional deterioration” in its long-term care business.
New report reveals significant changes in consumer shopping trends
The much-anticipated annual global consumer report, conducted each year by iVend Retail, was released this week.
Walmart posts strong revenue growth for Q4
Walmart on Tuesday reported robust profit and revenue figures for the holiday quarter, citing strength across a range of product categories and a 43% surge in digital sales. Revenue was up 1.9% to $138.8 billion in the fiscal fourth quarter.
NRF reports holiday sales gains less than anticipated
WASHINGTON – The holiday season turned out not to have been a particularly merry one for retail sales, the National Retail Federation said on Thursday. Retail sales grew a lower-than-expected 2.9% during the two-month period, according to the NRF, which cited U.S.
Amazon backs out of NYC campus deal
According to published reports, Amazon reported on Thursday that it was canceling plans to build a corporate campus in New York City. The company had planned to build a huge complex in Long Island City, Queens, in exchange for nearly $3 billion in state and city incentives. But the deal had run
With deal approved Sears, Kmart stores to remain open
This past week a federal judge approved a last-minute deal to save Sears Holdings in much smaller form, giving the retailer a second chance.
IRI says consumer confidence making huge impact on e-commerce growth
While 2019 got off to a rocky start, with a partial government shutdown and trade challenges attributed to tariffs, consumers at the close of 2018 were buoyed by their strong household financial health and were spending accordingly.
Cardinal Health reports second quarter results
Cardinal Health reported on Thursday second quarter fiscal year 2019 revenues of $37.7 billion, an increase of 7%. The company also reported growth in GAAP operating earnings of 26% to $504 million and a decrease in non-GAAP operating earnings of 13 percent to $637 million.