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CVS’ Q3 sales and profits beat forecasts
WOONSOCKET, R.I. — CVS Health topped Wall Street’s estimates for third quarter revenue and earnings. Adjusted earnings per share of $2.21 exceeded analysts’ predicted $2.13, while revenue of $89.76...
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WBA names Neal Sample executive VP and CIO
DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) today named Neal Sample as its new executive vice president and chief information officer (CIO), effective immediately. Sample will report to Tim...
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NRF predicts record holiday spending
WASHINGTON – The National Retail Federation today forecast that holiday spending is expected to reach record levels during November and December and will grow between 3% and 4% over 2022 to between...
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CVS expands availability of O-T-C hearing aids
WOONSOCKET, R. I. — CVS Pharmacy just expanded their availability of three over-the-counter (O-T-C) hearing aids to over 1,000 locations across 39 states, with five also available for purchase on...
View ArticleVideo Forum: Health Equity Summit, Part 1
Chain Drug Review and Kearney recently assembled a group of leading pharmacy operators and other retailers, physicians, payers, public officials, and policy experts for the second-annual Health Equity...
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WBA sells shares of Cencora for $674 million of initial proceeds
DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) announced that it has sold shares of Cencora, Inc. common stock pursuant to variable prepaid forward transactions executed in reliance on Rule 144...
View ArticleWalgreens making changes in leadership
DEERFIELD, Ill. — Walgreens Boots Alliance is once again making leadership changes and trimming its corporate staff. In yet another round of layoffs, 267 corporate level workers will lose their jobs,...
View ArticleNACDS 90th Anniversary Celebration
The industry will soon come together to recognize the National Association of Chain Drug Stores for its myriad contributions to retailing and health care over the past nine decades. Scott Emerson,...
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Target’s Q3 earnings exceed expectations
MINNEAPOLIS — Target Corp. today posted better-than-expected earnings for its fiscal third quarter despite another decline in comparable-store sales. Shoppers remain cautious, the company said, but...
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Walmart tops estimates for earnings, revenue
BENTONVILLE, Ark. — Walmart today topped estimates for its fiscal third-quarter earnings on strong grocery sales and the gains in its e-commerce business. The retailer posted net income of $453...
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Publix to change its top leadership
LAKELAND, Fla. — Publix chief executive officer Todd Jones will become executive chairman, effective January 1, the company said. On that date Kevin Murphy will be promoted from president to CEO, and...
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Thanksgiving weekend to draw record crowds
WASHINGTON – An estimated 182 million people are planning to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the annual survey released today by the...
View ArticleVideo Forum: Sarah Davidson, ECRM
In this week’s Video Forum, Sarah Davidson, executive vice president at ECRM, reflects on the company’s upcoming 30th anniversary in 2024. She discusses the evolution of ECRM over the course of the...
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Thanksgiving holiday weekend sees record number of shoppers
WASHINGTON – A study released Tuesday by the National Retail Federation and Prosper Insights & Analytics reported a record 200.4 million consumers shopped over the five-day holiday weekend from...
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Walgreens launches Rx Savings Finder
DEERFIELD, Ill. – Walgreens announced Thursday the launch of its new Rx Savings Finder, a simple-to-use digital tool designed to help customers save money on prescription medications. Rx Savings...
View ArticleVideo Forum: Health Equity Summit, Part 2
In this week’s Video Forum, Kearney’s Laura Bowen and Karen Yocky talk about what the consulting firm has learned from its work in helping clients step up the fight against health disparities. They...
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CVS showcases strategies for accelerating long-term growth
WOONSOCKET, R.I.— At its 2023 Investor Day on Tuesday, CVS Health is sharing how its strategy and combination of assets drives reliable, diversified, and accelerating earnings growth, while also...
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Walgreens expands COVID-19 and flu testing and treatment offerings
DEERFIELD, Ill. – Walgreens is offering flu and COVID-19 testing appointments nationwide as the U.S. heads into the holidays and the winter months that typically coincide with peak respiratory illness...
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Special section celebrates NACDS’ 90th anniversary
Read the December 11th issue of Chain Drug Review, which includes a special section commemorating the 90th anniversary of the founding of the National Association of Chain Drug Stores. The 56-page...
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Industry celebrates NACDS’ 90th anniversary
NEW YORK — The industry came together last night at the Ziegfeld Ballroom to recognize the National Association of Chain Drug Stores for its long list of contributions to retailing and health care...
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