pharmacy

Retail
Rite Aid Expanding COVID-19 Initiatives

Rite Aid has joined the White House COVID-19 Response Working Group and is piloting limited coronavirus testing at one location in Philadelphia seven days a week from 9 a.m. to 5 p.m.

Retail
CVS To Acquire Schnucks Pharmacies

CVS and Schnucks have entered into a definitive agreement for CVS Pharmacy and certain of its subsidiaries to acquire Schnuck Markets Inc.’s retail and specialty pharmacy businesses. 

Retail
CVS Making Changes To Board Of Directors

CVS Health is making changes to its board of directors. Richard Swift, Richard Bracken and Mark Bertolini will not stand for reelection at the company’s 2020 annual meeting. The board will then be reduced from 16 to 13 directors in order to further align with corporate governance best practices, the company said.

Retail
Walgreens Names Ashworth President

Walgreens Boots Alliance has appointed Richard Ashworth as president of Walgreens. Ashworth will be responsible for developing the strategies and plans for all Walgreens operations and will have full responsibility for the leadership, development and management of the business.

Retail
CVS Expanding HealthHub Store Format

CVS is debuting its HealthHub store format in 15 locations across the Houston community. The retailer’s new store format is said to feature a broader range of health care services to help patients better manage chronic conditions; more products and services focused on overall health and wellness; and trusted advice and personalized care.

Financials
Walgreens Makes Moves But Q1 Results Fall Short

Although it made moves to improve its performance, including the establishment of a group purchasing organization with Kroger and record online sales for Black Friday in the U.S. and United Kingdom, Walgreens Boots Alliance said sales for the first quarter were soft.

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
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.

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