The U.S. Federal Trade Commission is planning to sue UnitedHealth, Cigna and CVS Health — the three largest pharmacy-benefit managers — over their tactics for negotiating prices for drugs including insulin, the Wall Street Journal reported today.
Stores remain the preferred destination for back-to-school shopping, according to Sensormatic Solutions’ 2024 U.S. Back-to-School Consumer Sentiment Survey, which found that 74% of consumers plan to conduct their back-to-school shopping in-store.
WASHINGTON – The National Retail Federation has released its annual list of the Top 100 Retailers. Compiled by Kantar, the list ranks the industry’s largest retail companies by their U.S. sales.
National Association of Chain Drug Stores president and CEO Steven Anderson issued the following statement after the Federal Trade Commission’s (FTC) release today of an interim staff report on the harmful tactics of pharmacy benefit managers (PBM) – the pharmaceutical middlemen: “The FTC’s initial
Store brands reached all-time highs in both unit and dollar share during the first six months of 2024, compared to the same period a year ago, according to new Circana sales data provided exclusively to PLMA. Unit market share was 22.9% and dollar market share was 20.4%, as of June 16. “These
Kroger Co. has identified the 579 stores and other assets it will divest if its planned $24.6 billion merger with Albertsons Cos. goes through. The 579 stores owned by both retailers are located in 18 states and Washington D.C.
Michelle LeBlanc was appointed vice president of merchandising for beauty, personal care and Hispanic Center of Excellence (CoE) by CVS Health.
WASHINGTON – As inflation continues to ease and the Federal Reserve ponders when to lower interest rates, the nation is in a “critical moment” of waiting to see what will happen next, according to National Retail Federation Chief Economist Jack Kleinhenz.
Hy-Vee is collaborating with PayPal that aims to give the retailer’s online customers more convenient payment options. Customers using the retailer’s Aisles Online platform for grocery pickup and delivery orders can now pay for their orders using PayPal or Venmo.
Retailers are planning to open more stores than they close this year, according to a mid-year tally by Coresight Research. The firm noted on July 4 that planned and announced retail store openings for 2024 total more than 4,200.
The Council for Responsible Nutrition (CRN) has filed its appellate brief in the U.S.
The Kroger Co. has announced a mega-sales event that promises to give members of its “Boost by Kroger Plus” premium loyalty rewards program exclusive access to more than $60 in savings during a two-week sales event running from July 10 to July 23.
In the second of two installments, Sally Lyons Wyatt, global executive vice president and chief advisor for consumer goods and foodservice insights at Circana, talks about the changes that traditional supermarkets need to make to attract and retain younger shoppers.
Retailers and CPG companies focus their marketing efforts mainly on younger consumers, who they see as critical to their future growth. Fair enough. But older customers have a lot of money to spend.
Walmart is in the process of seeking buyers for its vacant health clinics, according to published reports. In April, Walmart announced the closure of all its medical centers and telehealth services, adding that its pharmacies at retail centers will continue to operate as normal.
LONDON – Walgreens Boots Alliance confirms that the Managing Director of Boots, Sebastian James, has given notice to leave the company to pursue a new role in the healthcare sector.
