RESEARCH TRIANGLE PARK, N.C. — Global spending on medicines, based on invoice price levels, is expected to grow at a compound annual growth rate of 3% to 6% through 2026 to reach about $1.8 trillion by 2026, including spending on COVID-19 vaccines and novel therapeutics, according to a new report, The Global Spending and Usage
ISSAQUAH, Wash. — Costco Wholesale Corp. reported strong sales gains in the first quarter of fiscal 2022, which ended on November 21. Net sales for the first quarter increased 16.7%, to $49.42 billion, up from $42.35 billion in the same quarter last year. Comparable sales in the United States increased 14.9% (9.9% when the effects
WASHINGTON — In a letter to Congressional leadership on Thursday, 20 top executives of leading retail companies expressed their urgent concern about the growing impact of organized retail crime on retail employees and communities across the U.S. The executives implored lawmakers to pass the INFORM Consumers Act, legislation that they say will address the problem
WOONSOCKET, R.I. —CVS Health’s leadership team outlined a new strategy Thursday focused on making health care more convenient, personalized and affordable for consumers. “Now is the time to undertake our next major evolution and capitalize on our role as the leading health solutions company in America,” CVS Health president and CEO Karen Lynch said
ARLINGTON, Va. — Pharmacists may be able to “initiate treatment” of COVID-19 with pills like molnupiravir if the medications get emergency use authorization (EUA), an official with the National Association of Chain Drug Stores said Wednesday. Sara Roszak “The story isn’t over,” Sara Roszak, NACDS’ senior vice president of health and wellness strategy and policy,
RALEIGH, N.C. — Kroger Co. said it will expand its grocery delivery capabilities in North Carolina with the construction of a new customer fulfillment center (CFC) in the state. The new CFC will be powered by Kroger partner the Ocado Group. The North Carolina CFC, measuring 200,000 square feet, is expected to become operational within
WASHINGTON – Imports at the nation’s major retail container ports are expected to end 2021 with both the largest volume and fastest growth on record despite supply chain disruptions brought on by the COVID-19 pandemic, according to the monthly Global Port Tracker report released Wednesday by the National Retail Federation and Hackett Associates. “This has
BENTONVILLE, Ark. — Walmart said Tuesday that it will open a 925,000 square-foot automated fulfillment center in Lebanon, Tennessee to support the retailer’s growing supply chain network and eCommerce business. The new facility, located at 1015 Hixson Boulevard, is set to open in the fall of 2022 and will create up to 300 full-time jobs,
LAKELAND, Fla. — Publix Super Markets Inc., which in September announced plans to expand into Kentucky, said Tueday that it has signed a lease for a second store in the state. Located in Louisville, like the previously announced store, the new 55,701-square-foot Publix supermarket will include a drive-thru Publix Pharmacy and an adjacent 2,800-square-foot Publix
DEERFIELD, Ill. — Walgreens is partnering with Mental Health America (MHA) this month to raise money for mental health during the holiday season. Together, Walgreens and MHA are asking people to donate to a virtual ‘Swear Jar’ when they experience the inevitable holiday hiccups that make them want to yell out a ‘humbug.’ MHA is
DEERFIELD, Ill. — Walgreens Boots Alliance is thinking of selling its Boots chain in the U.K. in order to devote more attention to its North American business, according to published reports. The company has reportedly enlisted Goldman Sachs to advise it on its options, which include selling the British chain, keeping it, or listing it
WEST SACRAMENTO, Calif. – Ahead of the closing of its previously announced acquisition of Bashas’ Family of Stores later this month, Raley’s has promoted Laura Croff to chief human resources officer of The Raley’s Companies, a newly formed enterprise that will oversee the organization’s independent operating divisions. In her expanded capacity, Croff will oversee all