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CVS beats Q4 sales and earnings projections
WOONSOCKET, R.I. — CVS Health topped analysts’ forecasts for fourth quarter sales and profits, but cut its full year earnings outlook, citing rising medical costs that are hurting the insurance...
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Walgreens announces new executive appointments
DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) chief executive officer Tim Wentworth announced Thursday updates to WBA’s Executive Committee as the company advances a health services strategy rooted...
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Current policy issues, innovations on display at NACDS Regional
Jackie Morse, 2024 NACDS Regional Chain Conference Chair and group vice president of pharmacy for Meijer, Inc. BONITA SPRINGS, Fla. – At the Opening General Session of the 2024 National Association of...
View ArticleVideo Forum: Crystal Lennartz, Health Mart
In this week’s Video Forum, Crystal Lennartz, recently named president of Health Mart and Health Mart Atlas, talks about her priorities for the network of independent drug stores. Among the subjects...
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Target unveils lower-priced brand called dealworthy
MINNEAPOLIS—Target Corp. has introduced its new low-price owned brand, dealworthy, designed to give consumers incredible value on nearly 400 everyday basics. With dealworthy, Target is offering more...
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Walmart posts 5.7% revenue gain in Q4
BENTONVILLE, Ark – Walmart Inc. posted revenue growth of 5.7% in the fourth quarter, including a 4% comp sales gain in its Walmart U.S. division. “Our team delivered a great quarter, finishing off a...
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Rite Aid unveils new ‘It Means More’ ad spot
PHILADELPHIA — Today, Rite Aid debuted its new ‘It Means More’ ad – spotlighting the retail pharmacy chain’s commitment to its customers, together with the passion and ongoing dedication of its...
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Dollar General opens 20,000th store
GOODLETTSVILLE, Tenn. — Dollar General on Friday celebrated the grand opening of its 20,000th store at its DG Market location in Alice, Texas. “Today marks an incredible milestone in Dollar General’s...
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FTC sues to block Kroger-Albertsons Merger
WASHINGTON — Tthe Federal Trade Commission has sued to block a proposed merger between grocery giants Kroger and Albertsons, saying the $24.6 billion deal would eliminate competition and lead to...
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WBA allowing use of Medicare Advantage benefits online
DEERFIELD, Ill. — Walgreens announced it is the first community pharmacy to accept a broad array of Medicare Advantage supplemental benefits online, through Walgreens.com and the Walgreens app....
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CVS Media Exchange (CMX) partners with Pinterest
WOONSOCKET, R.I. — CVS Media Exchange (CMX), a data-led, technology-driven media network that enables partners to reach and better serve CVS Pharmacy shoppers, is partnering with Pinterest and...
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NRF Economist: Inflation remains key
WASHINGTON – Inflation and the Federal Reserve’s efforts to bring it under control will remain big factors in the economy this year, according to National Retail Federation Chief Economist Jack...
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NACDS urges Biden to push for PBM reform
WASHINGTON – The National Association of Chain Drug Stores (NACDS) continues to call for the immediate implementation of reforms to address the tactics of pharmaceutical benefit middlemen, amid...
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Target’s earnings top expectations, but sales lag
MINNEAPOLIS — Target reported fourth-quarter sales and earnings that beat analyst expectations, boosting its shares in pre-market trading. But total sales for the year declined, the company said....
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Rite Aid to divest majority of Health Dialog assets
PHILADELPHIA — Rite Aid Corp. today announced that it has entered into an asset purchase agreement (APA) for the partial sale of its Health Dialog business to Carenet Health (Carenet), a provider of...
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Kroger’s Q4 earnings beat expectations
CINCINNATI—Kroger reported flat sales for the fourth quarter and fiscal year ended February 3, but profits beat expectations. The retailer reported a $736 million profit on sales of $37.1 billion for...
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Biden vows to cut costs of Rx drugs
WASHINGTON — President Biden urged Congress to focus on cost-saving ideas for pharmaceuticals in his State of the Union address Thursday night, including capping out-of-pocket prescription drug costs...
View ArticleVideo Forum: Mike Wysong, CARE Pharmacies
Mike Wysong, chairman of CARE Pharmacies, tells this week’s Video Forum what his one-year term as NACDS chairman has taught him — about both the association and the industry. Wysong shares his views...
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Family Dollar to close nearly 1,000 stores
CHESAPEAKE, Va.— The Family Dollar discount chain said Wednesday that it will close around 1,000 stores. The announcement came as the chain’s parent company, Dollar Tree, announced its fourth-quarter...
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Senators voice support for PBM reform
WASHINGTON — Sens. Ron Wyden (D., Ore.) and Mike Crapo (R., Ind.) joined pharmacy advocates from the across the country at a rally on Capitol Hill this morning to press members of Congress to pass...
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