An introduction to the coming cannabis ‘gold rush’
Editor’s note: This is Part I of an article that ran in the 1/21/19 issue of CDR.
Retail News
CVS, Walmart reach new PBM network deal
CVS Health and Walmart today announced the companies have reached a multi-year agreement on terms under which Walmart will continue participating in the CVS Caremark pharmacy benefit management (PBM) commercial and Managed Medicaid retail pharmacy networks.
Albertsons Cos. chooses EQuIPP for Rx performance reporting, tracking
Albertsons Cos. has selected EQuIPP Analytics from Pharmacy Quality Solutions (PQS) for enhanced reporting and tracking capabilities related to pharmacy performance measures. EQuIPP will allow Albertsons Cos.
Shopko files for Chapter 11 bankruptcy
Shopko Stores Operating Co. announced today that it has filed for Chapter 11 bankruptcy protection. The retailer reported that it would also be closing 38 stores as part of a reorganization process that was prompted by “excess debt and ongoing competitive pressures.
Nebraska, New Mexico the top areas in Walgreens Flu Index
Nebraska, New Mexico and Kentucky are in the top slots for State Flu Activity in Walgreens Flu Index for the week ending January 12, 2019.
Lampert wins bid to keep Sears open for now
Sears Holdings Corp. chairman Eddie Lampert won out in a bankruptcy auction for the U.S. department store operator with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, The Wall Street Journal and other published sources reported Wednesday.
Loblaw’s president Davis to assume more responsibilities
Loblaw Cos. announced that Sarah Davis will assume expanded responsibilities in her role as president.
Kroger’s McMullen makes five key predictions for the future of retail at NRF
Kroger Co. chairman and chief executive officer Rodney McMullen provided his outlook on the future of retail at the NRF 2019: Retail’s Big Show here during a dynamic keynote presentation themed Restocking the future: Kroger’s insatiable appetite to play and win the long game.
WBA, Microsoft pair to transform health care
Walgreens Boots Alliance Inc. (WBA) and Microsoft Corp. have teamed up to develop new health care delivery models, technology and retail innovations to advance and improve the future of health care.
Walmart to leave two CVS Caremark networks
CVS Health announced Tuesday that Walmart has opted to leave the CVS Caremark pharmacy benefit management (PBM) commercial and Managed Medicaid retail pharmacy networks.
GIANT Unveils Marty the Robot
GIANT Food Stores said Monday it is introducing a robotic assistant — named Marty — to its 172 stores to identify hazards, such as liquid, powder and bulk food spills, and provide reporting that enables quick corrective action.
CVS announces $100 million community commitment following Aetna deal
Following its completed acquisition of Aetna, CVS Health has announced a $100 million commitment to making community health and wellness central to the newly combined company’s charge for a better world.
Albertsons Cos.’ third quarter earnings jump 51%
Albertsons Cos.’ third quarter adjusted EBITDA rose 51.4% to $649.7 million, driven by an identical-store sales gain, increased gross profit and cost cutting. Sales and other revenue in the 12 weeks ended December 1 increased 1.8% from a year earlier to $13.
Cuomo wants to ban cigarette sales in pharmacies in New York State
NEW YORK – The minimum age to purchase tobacco and e-cigarette products in will be set at 21 and new regulations for the sale of e-cigarettes would be introduced if a provision in Gov. Andrew Cuomo’s budget proposal is approved.
Kat Von D Beauty teams up with Sephora
Kat Von D Beauty invites Sephora Beauty Insiders to celebrate their birthday with a complimentary mini-set of its award-winning, high-performance vegan products.
Vintage Cosmetic Company to launch new products at Ulta Beauty
Vintage Cosmetic Company will be introducing three new products into Ulta Beauty stores in February: Headband and Shower Cap Set in flamingo print, Cooling Gel Eye Pads with fluttery eyelash print, and Peggy Make-up Headband in leopard print.