CVS Health to cut 600 corporate jobs
CVS Health plans to terminate about 600 corporate jobs over the next couple of months. The job cuts will be made primarily at CVS corporate offices in Rhode Island, Illinois and Arizona, the company said.
Retail News
Target grocery chief to depart
Target Corp. announced that Anne Dament, senior vice president of grocery merchandising, will be leaving the company on Nov. 18 after 18 months in the role. The retailer said it will conduct an extensive search within and outside the company to find Dament’s replacement.
Fred’s reports decreased sales for October
Sales continued to slump at Fred’s Inc. as the company posted declines for October. Fred’s said Thursday that revenue for the four weeks ended Oct. 29 totaled $157.3 million, down 4.2% from $164.2 million a year earlier. Same-store sales decreased 3.4%, compared with a 2.3% uptick a year ago.
Whole Foods co-CEO Robb to step down
Whole Foods Market co-founder John Mackey will take the reins as sole chief executive officer of the company, as Walter Robb steps down from his post as co-chief executive officer.
CVS Caremark earns URAC accreditations
CVS Caremark has received health call center, pharmacy benefit management and drug therapy management accreditations from health standards body URAC.
KKR to sell remaining stake in WBA
Affiliates of private equity firm Kohlberg Kravis Roberts & Co. (KKR) plan to sell their remaining interest in Walgreens Boots Alliance (WBA) through a secondary stock offering. WBA said Wednesday that the KKR affiliates aim to sell 20.
Genoa pharmacist relishes clinical practice setting
Terica Gatewood left a retail pharmacy to work at Genoa, a QoL Healthcare Company, because she wanted a more clinical setting. At the Genoa pharmacy here, inside Valeo Behavioral Health, she has found that environment and then some.
London Drugs program donates life-saving vaccines
During its 2016-17 flu season vaccination drive, London Drugs also will be helping to protect children in developing countries from vaccine-preventable diseases.
Walgreens survey finds Part D disconnect
A new survey by Walgreens has revealed a disconnect among seniors as they weigh Medicare Part D prescription drug plans.
Poll: Prescription pricing tops health care concerns
Reining in prescription drug prices tops the list of health care priorities for Americans as they ready for a new president and Congress, according to the Kaiser Family Foundation. Of more than 1,200 U.S.
For CVS Target pharmacist, patients stand out
CVS pharmacy manager Adam Matz didn’t begin his career at a drug store. In fact, he didn’t even begin it in pharmacy. Matz, 39, manages the CVS Pharmacy at the Target store in Onalaska, a suburb just north of La Crosse, Wis. He had been a Target pharmacy manager for about seven
Rite Aid Foundation recognizes customers who get flu shot
The Rite Aid Foundation is donating more than $1.8 million to charities in its KidCents program to honor customers who protect themselves, their families and their communities by getting flu shots this flu season.
Shoppers Drug Mart eyes dispensing of medical marijuana
Shoppers Drug Mart has confirmed media reports that it’s proceeding with plans to provide medical marijuana to patients, with guidance from a pharmacist. Canada’s largest drug chain, part of Loblaw Cos.
Diplomat announces senior leadership changes
Paul Urick has been promoted to president at Diplomat Pharmacy Inc., succeeding Gary Kadlec, who is retiring.
ShopRite teams with PBM for free glucose screenings
Food and drug retailer ShopRite has partnered with prescription benefits manager Paramount Rx to host free blood glucose screenings in November for National Diabetes Awareness Month.
Benzer Pharmacy makes entry into Arkansas
Benzer Pharmacy has set foot in its 12th state with the opening of its first store in Arkansas. Located at 300 Perry St. in Helena, Ark., the new Benzer location houses a full-service pharmacy and offers over-the-counter health products, immunizations, health consultations and personalized care.