pharmacy

Retail
Kroger, Walgreens Form Group Purchasing Organization

Building on a unique collaboration that first brought together Kroger’s food and grocery experience with Walgreens’ expertise in health and beauty, the companies have formed a new group purchasing organization aimed at delivering purchasing efficiencies, lower costs and combined resources to help drive further innovation.

Retail
Report: Walgreens Weighs Going Private

Private equity firm KKR & Co. has reportedly approached drug store chain Walgreens Boots Alliance about a deal to take the company private.

Retail
CVS Opens Retail Location In Oregon

CVS Pharmacy has celebrated the grand opening of its first-ever standalone store in Oregon with a ribbon cutting ceremony. The new store at 105 NW 13th Ave. in Portland, OR, is the first of three retail locations to open in the greater Portland market in 2019, with one more store opening in 2020.

Financials
Walgreens Weighs Cost Cutting Moves

Walgreens Boots Alliance maintained that it was encouraged by its sales growth in its fiscal year and fourth quarter results ended August 31, while the retailer stayed on track with its cost cutting initiatives.

Retail
Rite Aid Appoints Peters Chief Operating Officer

Rite Aid has appointed Jim Peters as the company’s chief operating officer. Peters will lead all aspects of Rite Aid’s pharmacy and clinical strategy development and execution; health plan, health system and strategic corporate relationships; marketing and merchandising; corporate development, strategy and communications.

Retail
Walgreens Testing Drone Delivery

Walgreens and Wing, a member of the Alphabet family of companies, are partnering on “store to door” delivery of health and wellness, food and beverage and convenience items via state-of-the-art drone technology.

Financials
Comp Gain Boosts CVS Q2

CVS Health posted second quarter results satisfactory enough to prompt a guidance upgrade even if the division including stores produced somewhat soft results.

Retail
Rite Aid Appoints Donigan CEO

Rite Aid’s board of directors has appointed Heyward Donigan as chief executive officer and a member of the board, effective immediately. As planned, John Standley will step down from his role as CEO.

Financials
Rite Aid Net Loss Grows In Q1

For the first quarter, Rite Aid posted a deeper net loss as the retailer continued to explore ways to drive future growth, including striking a deal with Amazon’s new Counter package pickup program. 

Retail
Rite Aid Teams With Adobe To Drive Digital Initiatives

Rite Aid has entered into a strategic partnership with Adobe to deliver seamless, personalized and connected health and wellness experiences for Rite Aid customers via Adobe Experience Cloud, an end-to-end solution for experience creation, marketing, advertising, analytics and commerce.

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