In the first quarter, Walgreens Boots Alliance earnings slipped as the company divested its pharmaceutical wholesale business and boosted its investment in VillageMD while accelerating the rollout of full-service primary care clinics in stores.
For last-minute shoppers, Walgreens is billing itself as a one-stop convenience shop for a range of needs whether it’s a missing ingredient for a holiday recipe, batteries for a remote control toy, medicine for a seasonal cold, a gift for a Secret Santa or a string of holiday lights.
As it continues to cope with conditions created by the COVID-19 pandemic, Rite Aid net income from continuing operations declined in the third quarter, but the company still beat a Wall Street estimate by 41 cents.
Walgreens Boots Alliance has noted that its evp/global chief human resources officer Kathleen Wilson-Thompson plans to retire. Pamela Puryear has been named her successor.
CVS Health has appointed Neela Montgomery evp/president of CVS Pharmacy/Retail, effective November 30, 2020. Montgomery will oversee the company’s 10,000 pharmacies across the U.S.
In a challenge not only to drug store chains but mass merchants and supermarket operators boosting their wellness credentials via pharmacy and related medical services, Amazon has launched two new pharmacy offerings designed to help customers conveniently purchase their prescription medications.
CVS Health has named Daniel Finke evp/CVS Health and president, health care benefits segment, effective February 1, 2021. Finke will succeed Karen Lynch, who will become president and CEO of CVS Health in February.
Taking the next step in its transformation, Rite Aid said it has launched a refreshed brand with an advertising campaign that demonstrates its commitment to provide the fusion of traditional medicine and alternative remedies to help consumers not just get healthy, but get thriving.
CVS Health beat a Wall Street estimate for third quarter income as its Retail/LTC division sales gained. The company’s board of directors has also appointed Karen Lynch, currently evp/CVS Health and president, Aetna, as the company’s next president and CEO as well as a member of the board.
Sam’s Club is partnering with DoorDash to offer same-day pharmaceutical delivery across the country. The service covers more than 500 Sam’s Club locations across 41 states in the U.S., and is powered exclusively through Drive, DoorDash’s white-label fulfillment platform.
CVS Health said it is recruiting qualified candidates to fill 15,000 jobs. These new and existing positions will help the company continue to respond to the needs of communities across the country during the fall and winter months when the incidences of COVID-19 and the flu are expected to increase.
Rite Aid has appointed Angele Robinson-Gaylord as svp/store development. Robinson-Gaylord will play a key role in executing and managing renovations for Rite Aid’s stores of the future, a critical component of its RxEvolution strategy, that will transform Rite Aid stores into destinations for holistic health and wellness.
Rite Aid has appointed Trent Kruse as svp/investor relations and treasury.