Rite Aid nears creditor deal to avoid liquidation
Rite Aid Corp. is nearing a deal with key bondholders and other creditor groups that will allow the pharmacy chain to avoid a liquidation, according to published reports.
Retail News
CVS invests over $3M in organizations improving health outcomes in Phoenix
CVS Health announced more than $3 million in new grants to support organizations in Phoenix working to increase equitable access to health care, address social determinants of health and educate the community on the effects of air pollution.
Study shows U.S. retailers’ shift towards customer-centric retail media networks
NEW YORK – Getting closer to their own customers was key for 41% of retailers when evolving their Retail Media Network (RMN) capabilities, the latest research from ADvendio, the leading omnichannel advertising solution provider, has shown. Original research of over 50 senior U.S.
Rite Aid signs bankruptcy deal with creditors, DoJ and McKesson
Rite Aid has agreed with its financial stakeholders, including creditor groups, the U.S. Justice Department, and drug distributor McKesson, to complete its bankruptcy process by April.
Proposed Visa/Mastercard swipe fee settlement won’t help main street
WASHINGTON – A proposed agreement announced today for Visa and Mastercard to reduce “swipe” fees charged to merchants to process credit card transactions would provide “very small relief” and does not end the need for Congress to pass legislation, the Merchants Payments Coalition said.
NIQ category-level data now available for all RangeMe Premium and Pro subscribers
SOLON, Ohio – RangeMe Premium and Pro subscribers now have free access to category-level insights from NIQ’s Extended All-Outlet Combined (xAOC) multichannel market data through a new offering aimed at leveling the playing field for emerging brands.
CVS offering on demand (same-day) delivery on Rx
CVS is offering several delivery options for patients with eligible prescriptions, including 1–2-day delivery and on-demand (same-day) delivery (within three hours), at more than 9,000 CVS Pharmacy locations nationwide.
Walgreens teams with Drew Brees and Copper Compression
In an exciting play for the recovery game, Copper Compression, the leading online health and wellness compression wear brand endorsed by football legend Drew Brees, announces today its expansion into over 1500 select Walgreens stores nationwide.
Peptide-infused hair care brand, V&Co. Beauty, launches in major retailers
A cutting-edge innovation in peptide-infused hair care has arrived and is launching in-store and online at national and regional retailers, including Target and Walmart. V&Co.
FMI announces promotions to key leadership positions
The Food Industry Association announces the recent promotions of several key team staff members to elevated roles within the organization, furthering FMI’s commitment to serving the food industry.
Babson Diagnostics to launch transformative blood testing service with leading retailers
Babson Diagnostics, a science-first health technology company, announced Thursday that it will launch BetterWay blood testing with three retail partners in Austin and San Antonio.
VillageMD sells 11 clinics to Arches Medical Partners
Walgreens-backed primary care provider VillageMD has sold 11 Rhode Island clinics to Arches Medical Partners, the medical group management company reported Wednesday.
NRF forecasts retail sales to reach at least $5.23 trillion in 2024
WASHINGTON – The National Retail Federation today forecast that retail sales will increase in 2024 between 2.5% and 3.5% to between $5.23 trillion and $5.28 trillion.
Industry mourns the passing of H-E-B’s Robert Morton
Robert Morton, an innovative leader who worked as the director of healthy living at H-E-B, suddenly passed away while attending the Expo West show. He was 56 years old.
Kroger is selling its specialty pharmacy business
Kroger Co. has entered into a definitive agreement to sell its specialty pharmacy business to CarelonRx, a subsidiary of Elevance Health.