CVS Health has launched CVS Express, a curbside and in-store pickup service for nonprescription items that’s accessed via the CVS Pharmacy app. CVS said Tuesday that the service is one of fruits of the CVS Digital Innovation Lab and was developed in partnership with Palo Alto, Calif.
Martin Otto, the incoming chairman of the National Association for Chain Drug Stores, symbolizes the changes that have occurred both in the organization and in the chain pharmacy industry.
Going forward, chain drug stores can bank on the same underlying trends that have fueled the retail pharmacy business in recent years. But the industry as they’ve known it won’t look quite the same.
In the nine years since Steve Anderson became chief executive officer of the National Association of Chain Drug Stores, the association has become a proactive advocate for its industry and raised its influence and recognition among legislators and policy makers.
The new landscape of chain drug retailing came into sharper relief over the past year. Integration and consolidation were the themes, as Walgreens Boots Alliance Inc. (WBA) assimilated its global holdings while agreeing to buy Rite Aid Corp., and CVS Health picked up Target Corp.
At Kinney Drugs, last year marked the launch of a new wellness format, Good for You Health + Wellness by Kinney Drugs, and the debut of Circle of Care Pharmacy Services, the rollout of which continues in 2016. “This new format underscores our commitment to health and wellness and the total store
CVS Health has launched its CVS Pharmacy y más Hispanic store format in Los Angeles, the second major market to have the concept. Plans call for nine CVS Pharmacy y más stores in the greater Los Angeles area, CVS said Thursday. Through August, the CVS pharmacy y más stores will open in South
Growth in spending on medicines dipped last year, but that hasn’t eased the challenge of balancing access to drugs and the cost of care in an era of innovative but more expensive treatments, according to the IMS Institute for Healthcare Informatics.
Health Mart has spurred its rapid growth by helping to level the competitive playing field for its member pharmacies with innovative programs and tools, according to president Steve Courtman. The McKesson Corp.
Lewis Drug is getting ready to open its 50th store, which will mark a milestone for the regional pharmacy chain. The outlet, formerly an independent pharmacy, is located rural Clear Lake, S.D., and will get upgraded systems and a fresh look. The front end will get Lewis’ curated assortment of health
Boosted by its acquisition of EnvisionRx, Rite Aid Corp. saw sales rise for its fiscal 2016 fourth quarter and full year, with adjusted earnings per share topping Wall Street estimates for both periods. Rite Aid said Thursday that for the fourth quarter ended Feb. 27, sales totaled $8.
Pfizer Inc. said Wednesday that its merger agreement with Allergan PLC has been terminated by mutual agreement, a decision driven by the Treasury Department’s announcement of new rules intended to undercut this type of tax inversion deal.
Walgreens Boots Alliance (WBA) reported double-digit revenue growth for its fiscal 2016 second quarter, with adjusted earnings per share topping Wall Street’s consensus forecast. WBA said Tuesday that second-quarter sales climbed 13.6% to $30.18 billion from $26.57 billion a year earlier.
Racher Press Inc., the publisher of Chain Drug Review and Mass Market Retailers, presented its 2015 Retailer of the Year awards last evening in New York City.
Beth Stiller, group vice president of global brands and sourcing at Walgreens, is leaving the company to join Massage Envy as chief commercial officer. Stiller will be responsible for leading services, retail, innovation and operations teams at Massage Envy, a Scottsdale, Ariz.
Ritzman Pharmacy has come up with an answer to the commoditization of pharmacy. The drug chain has opened “The Pharmacy of the Future,” highlighting pharmacists’ clinical knowledge and services, in Rootstown, Ohio.
