NRF reports retail sales picked up in January
WASHINGTON – Retail sales bounced back strongly in January as inflation eased and income grew, the National Retail Federation said Wednesday.
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Video Forum: Todd Huseby, Kearney, Part 1
In this week’s Video Forum, Todd Huseby, a partner at consulting firm Kearney and leader of the company’s consumer health care practice, examines trends currently shaping the industry and their relation to developments in the broader economy.
CVS beats Q4 sales and earnings estimates
CVS Health topped analysts’ expectations for fourth-quarter sales and earnings, led by strong insurance and retail results. Earnings per share for the three months ended Dec. 31 rose 0.5% from the year-ago period to $1.99 on revenue of $83.8 billion (up 9.5%).
Walmart names new chief people officer
Walmart has named Judy Werthauser as executive vice president and chief people officer. In this role, she will lead the people strategy within Walmart U.S.
Amazon’s 4Q revenue tops expectations
SEATTLE – Amazon on February 2 reported revenue of $149 billion for its fourth quarter, beating estimates with a 9% increase from a year earlier.
NRF economist offers upbeat forecast for 2023
WASHINGTON – Despite inflation and high interest rates, National Retail Federation chief economist Jack Kleinhenz is predicting that a recession is unlikely and the economy will see slight growth in 2023.
Experts address pressing industry issues during NACDS Regional Chain Conference
The 2023 National Association of Chain Drug Stores Regional Chain Conference closed Tuesday with more presentations from top speakers on the most timely issues affecting the industry and the patients and consumers it serves.
Video Forum: Sheila Arquette, NASP
Sheila Arquette, president and CEO of the National Association of Specialty Pharmacy, tells this week’s Video Forum about recent developments in specialty pharmacy.
CVS Health launches Community Equity Alliance
CVS Health announced a new initiative that will address barriers to care in underserved communities across the country.
Valentine’s Day spending to hit nearly $26 billion
WASHINGTON – Consumers are expected to spend $25.9 billion on Valentine’s Day this year, up from $23.9 billion in 2022 and one of the highest spending years on record, according to the annual survey released Wednesday by the National Retail Federation and Prosper Insights & Analytics.
Amazon Pharmacy rolls out RxPass
Amazon announced on Tuesday RxPass, a new Prime membership benefit from Amazon Pharmacy that offers patients affordable access to commonly prescribed generic medications that treat more than 80 common health conditions.
Rx technology’s vital role in a fast-changing industry
Technology is crucial to building on the momentum pharmacies gained during the pandemic. Retailers and suppliers on the following pages delve into how technological advances can free up pharmacists for greater patient interaction and to provide new services.
NRF: Holiday sales grew 5.3% to $936.3 billion
WASHINGTON – Retail sales during 2022’s November-December holiday season grew 5.3% over 2021 to $936.3 billion, falling short of the National Retail Federation’s forecast amid continuing inflation and high interest rates, NRF said today.
Video Forum: Brian McNamara and Lisa Paley, Haleon
In the conclusion of a two-part interview, Haleon CEO Brian McNamara and Lisa Paley, president of the O-T-C supplier’s North American business, discuss the self-care category’s standing in a post-COVID world.
Standley honored for life’s work in retail industry
John Standley’s road was long and winding, but the direction was always upward. Early lack of ambition — his father applied to college for him — did not prevent Standley from ascending to the very heights of chain drug retailing, first as chief executive officer of Rite Aid, and then as president
Fruth named Regional Drug Chain of the Year
Fruth Pharmacy has been making its mark in the industry over the past 70 years by sticking to old-fashioned values and the motto “to do the right thing” as it continues to help take care of its patients and customers.