Despite sales declines in its retail pharmacy business, CVS Health saw overall revenue rise and bested Wall Street’s earnings forecast for its fiscal 2017 third quarter. CVS said Monday that for the third quarter ended Sept. 30, sales totaled $46.18 billion up 3.5% from $44.
Matt Schroeder has been promoted to senior vice president, chief accounting officer and treasurer at Rite Aid Corp.
Walgreens Boots Alliance (WBA) has promoted Richard Ashworth to president of operations at Walgreens, a newly created position. WBA said Wednesday that Ashworth assumes the new role effective immediately.
For 2017, the U.S. retail industry stands to turn in solid sales growth, including healthy holiday retail sales, despite continued pressure on operating results, according to Moody’s Investors Service. Moody’s pegs 2017 U.S. retail sales growth at 3% to 4%, upholding its previous outlook.
Walgreens Boots Alliance (WBA) has launched its global partnership with Fareva for the manufacture and supply of own beauty brands and private-label products.
Eli Lilly and Co. plans to invest $72 million in an insulin manufacturing project at one of its Indianapolis facilities. Eli Lilly said the investment will be used to replace a current insulin vial-filling line.
Fears among pharmacy players and investors that e-tail giant Amazon plans to enter the industry may be overblown — at least for the time being, according to Jefferies analyst Brian Tanquilut. Pharmacy stocks, including pharmacy retailers and suppliers, have taken a pounding since the St.
The National Retail Federation will recognize Walmart president and chief executive officer Doug McMillon as “The Visionary,” an annual award honoring outstanding retail industry leaders The award will be presented to McMillon at the 2018 NRF Foundation Gala on Jan. 14 in New York City.
Beverage industry veteran Glen Walter is joining Mondelez International as executive vice president and president of North America. The snack and confections giant said Walter, slated to start at the company next month, will lead its $7 billion U.S.
Walgreens Boots Alliance (WBA) plans to close 600 stores starting next year as it rationalizes its U.S. drug store base following the $4.375 billion purchase of 1,932 Rite Aid stores.
Walgreens Boots Alliance (WBA) beat Wall Street’s adjusted earnings per share forecast for its 2017 fourth quarter and fiscal year, with pharmacy results helping boost sales for both periods. However, WBA said Wednesday that costs related to the unsuccessful deal to acquire Rite Aid Corp.
Kroger Co. has named Mike Donnelly as executive vice president and chief operating officer. The supermarket giant said Tuesday that Donnelly, currently executive vice president of merchandising, will start in the new post on Nov. 1.
McKesson U.S. Pharmaceutical president Mark Walchirk is leaving the company to become president and chief executive officer of Patterson Companies Inc., a distributor serving the dental and animal health markets. Patterson said Tuesday that Walchirk is slated to start at the company on Nov. 20.
James Dinkins has been tabbed by the Coca-Cola Co. to succeed J. Alexander “Sandy” Douglas as president of Coca-Cola North America. Coca-Cola said Monday that Dinkins will become Coca-Cola North America president effective Jan.
TABS Analytics has acquired Pivotstream Inc., a Seattle-based global data analytics firm. Financial terms of the transaction weren’t disclosed. In announcing the deal this week, TABS said the Pivotstream platform will be a core component of its service offerings going forward.
Derek Griffith has been appointed executive vice president of store operations at Rite Aid Corp. With the promotion, Griffith takes over the position vacated by Bryan Everett, who in early September was named chief operating officer of Rite Aid stores.
