CVS Health missed first-quarter expectations and lowered its fiscal 2024 outlook as increased medical costs hurt its Medicare Advantage business. Its revised outlook assumes that the higher medical costs in its insurance business will persist throughout the year, the company said May 1.
BENTONVILLE, Ark. – Walmart is pitching a new private-label grocery brand, bettergoods, to shoppers looking for “elevated culinary experiences.
so that pharmacies may continue to deliver “never-ending innovations” across the total store for Americans in their moments
Walmart today said it has made the “difficult decision” to close its Walmart Health and Walmart Virtual Care clinics, citing a lack of profitability. “The decision to close all 51 health centers across five states and shut down the virtual care offering was not easy.
SEATTLE – Amazon today said it continues to increase the speed with which it gets deliveries to customers. Nearly 60% of orders placed through Prime across 60 U.S. metro areas in the first quarter arrived the same day or next day, the company said. Prime members in major cities across the U.S.
Walmart said it will open 22 Walmart Health clinics this year, including 18 in Texas. With the additions, Walmart will operate more than 70 physician-staffed health clinics in five states by year’s end. The company plans to introduce the clinics to a sixth market, Arizona, in 2025.
CVS vice president of merchandising for beauty and personal care Andrea Harrison has left the company for “a new opportunity,” she wrote on LinkedIn. After 19 years with CVS, “it was a bittersweet departure, with so many memories and so hard leaving an amazing team,” she wrote.
Retail sales this year will increase between 2.5% and 3.5% from 2023 levels, according to the latest forecast from the National Retail Federation (NRF), which foresees sales rising to between $5.23 trillion and $5.28 trillion.
Rite Aid this month announced plans to close 53 more stores, adding to the roughly 200 it has shuttered since filing for Chapter 11 bankruptcy protection late last year.
Meijer will open two new 159,000-square-foot supercenters, in Alliance and North Canton, Ohio, on May 14, increasing the retailer’s store count to 55 in the state. Meijer previously announced plans to open a 159,000-square-foot supercenter in Hillsdale, Mich.
Albertsons Cos. has launched a new, simpler version of its “for U” loyalty program, designed to provide more value and greater ease for the retailer’s 38 million loyalty program members.
MMR and Chain Drug Review have partnered with ECRM for Founders’ Innovation Day, an exclusive event designed for D2C and emerging brands to make the most of their potential at food, drug and mass retailers, and from e-commerce.
99 Cents Only Stores LLC commenced going-out-of-business sales and said it would close all 371 of its stores, ending the chain’s 42-year run as a deep-discount retailer.
The Consumer Healthcare Products Association (CHPA) and MMR are jointly funding a scholarship program to help support and attract new talent to the health care industry.
To support the next generation of pharmacists, CVS Health has announced two new offerings for pharmacy students: an enhanced PharmD tuition assistance program for eligible CVS Pharmacy interns and a new scholarship for students enrolled in pharmacy schools nationwide.
