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LEADING HEADLINES

CVS, Walmart reach new PBM network deal

CVS, Walmart reach new PBM network deal

WOONSOCKET, R.I. — CVS Health and Walmart on Friday reached a multi-year agreement in which Walmart will continue participating in the CVS Caremark pharmacy benefit management (PBM) commercial and Managed Medicaid retail pharmacy networks. The companies are not disclosing the financial terms of the new contract.

Stop & Shop to test self-driving mobile stores

Stop & Shop to test self-driving mobile stores

QUINCY, Mass. — Ahold Delhaize USA’s Stop & Shop chain said on Wednesday that it will begin deploying driverless grocery vehicles this spring in the Greater Boston area. Unlike the self-driving delivery vehicles being tested by other retailers, which are designed to bring people’s pre-selected online

Albertsons Cos. chooses EQuIPP for Rx performance tracking

Albertsons Cos. chooses EQuIPP for Rx performance tracking

BOISE — Albertsons Cos. has selected EQuIPP Analytics from Pharmacy Quality Solutions (PQS) for  enhanced reporting and tracking capabilities related to pharmacy performance measures. EQuIPP will allow Albertsons Cos. pharmacies to identify key improvement opportunities and drive strategic quality performance measures using dynamic visualizations and

Shopko files for Chapter 11 bankruptcy

Shopko files for Chapter 11 bankruptcy

GREEN BAY, Wis. — Shopko Stores Operating Co. filed for Chapter 11 bankruptcy protection on Wednesday. The retailer said it would also be closing 38 stores as part of a reorganization process that was prompted by “excess debt and ongoing competitive pressures.” Shopko said it

Lampert wins bid to keep Sears open for now

Lampert wins bid to keep Sears open for now

CHICAGO — Sears Holdings Corp. chairman Eddie Lampert won out in a bankruptcy auction for the U.S. department store operator with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, The Wall Street Journal and other published sources reported

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RETAIL NEWS

Miller recognized for life’s work

BOISE, Idaho — Bob Miller brought another chapter in his storied retailing career to a close last September when he stepped down as chief executive officer of Albertsons Cos. Asked how closely Jim Donald, his successor at the food, health and wellness retail store operator,

Kroger’s McMullen makes five key retail predictions at NRF

CINCINNATI — Kroger Co. chairman and chief executive officer Rodney McMullen provided his outlook on the future of retail at the NRF 2019: Retail’s Big Show in New York City during a  keynote presentation called “Restocking the future: Kroger’s insatiable appetite to play and win the long game.” CNBC “Squawk on the

Walmart to leave two CVS Caremark networks

WOONSOCKET, R.I. — CVS Health said Tuesday that Walmart has opted to leave the CVS Caremark pharmacy benefit management (PBM) commercial and Managed Medicaid retail pharmacy networks. CVS Caremark has requested that Walmart continue to fill prescriptions as an in network participating pharmacy through April 30, 2019.

WBA, Microsoft partner to transform health care

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) and Microsoft Corp. have teamed up to develop new health care delivery models, technology and retail innovations to advance and improve the future of health care. The companies will combine the power of Microsoft Azure, Microsoft’s cloud and AI

MMR names Owen Operations Exec of the Year

When Jeff Owen was named executive vice president of store operations at Dollar General in June 2015, he hit the ground running. He quickly developed a vision focused on elevating talent, building an execution machine and upgrading the customer experience. Now, three years later, Owen’s

SUPPLIER NEWS

A.T. Kearney acquires consultancy Cervello

CHICAGO — A.T. Kearney has acquired Cervello, an elite business analytics and data management consultancy. Operating as Cervello, an A.T. Kearney company, its team of data engineers, data scientists, and developers will work closely with Kearney client service teams worldwide to power client performance improvement

Unilever launches second U.S. home care brand

ENGLEWOOD CLIFFS, N.J. — Unilever on Tuesday unveiled its second plant-based home care brand in the U.S.,  Love Home and Planet. Designed around sustainability and building on the success of the company’s Love Beauty and Planet, which was launched a year ago, Love Home and

Quest Products merges with OraHealth Corp.

PLEASANT PRAIRE, Wis. — Quest Products has announced its merger with OraHealth Corp. Quest is a portfolio company of Promus Equity Partners. With this merger, Quest will add the OraCoat brand of oral care products and its flagship product, XyliMelts for Dry Mouth. XyliMelts employs

Coty announces executive leadership changes

NEW YORK —Coty Inc. has made a series of executive leadership changes to support its ongoing transformation and future growth. Pierre-André Terisse has been appointed chief financial officer and a member of the executive committee, effective February 1. He has nearly 30 years of public

Heineken debuts Heineken 0.0 with zero alcohol

WHITE PLAINS, N.Y. — Heineken USA has introduced its latest innovation, Heineken 0.0, an alcohol-free malt beverage with 69 calories per bottle. Heineken said its master brewers created the new zero-alcohol option using only natural ingredients. The brand’s new global campaign platform, #NowYouCan, kicks off with