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WOONSOCKET, R.I. — CVS Health has formally made permanent the interim appointments of chief financial officer Tom Cowhey and interim president of health care delivery Mike Pykosz, the company said on Friday. CVS Health had announced on October 13 the interim appointments, and that Shawn Guertin would be taking a leave of absence. In an
DEERFIELD, Ill. — Walgreens Boots Alliance topped Wall Street’s expectations for first quarter sales and earnings, but slashed its quarterly dividend nearly in half. WBA cut its dividend to 25 cents per share from 48 cents per share, reducing the payout for the first time in nearly a decade. New CEO Tim Wentworth, who took
PURCHASE, N.Y. — U.S. retail sales increased 3.1% year-over-year this holiday season, according to a preliminary estimate from Mastercard SpendingPulse. The report covers sales from November 1 through December 24, not including automotive. Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment and is not adjusted for inflation. “This holiday season,
NEW YORK — The industry came together last night at the Ziegfeld Ballroom to recognize the National Association of Chain Drug Stores for its long list of contributions to retailing and health care over the past nine decades. The gala reception, which featured a Who’s Who in the chain drug industry, was sponsored by The
Read the December 11 issue of Chain Drug Review, which includes a special section commemorating the 90th anniversary of the founding of the National Association of Chain Drug Stores. The 56-page section is presented by CDR, Drug Store News and the Emerson Group. Here is the link for the issue: http://digitaledition.chaindrugreview.com/publication/?i=809929. The section begins on page
GOODLETTSVILLE, Tenn. — Dollar General Corp. today posted mixed financial results for its third quarter, with profits falling while sales topped expectations on increased customer traffic and the opening of new stores. A 1.3% decline in same-store sales was smaller than had been forecast. Dollar General posted a profit of $276.2 million in the quarter
WOONSOCKET, R.I.— At its 2023 Investor Day on Tuesday, CVS Health is sharing how its strategy and combination of assets drives reliable, diversified, and accelerating earnings growth, while also delivering superior care and value to millions of Americans. In addition, the company will introduce a new pharmacy reimbursement model, announce a new brand for its
In this week’s Video Forum, Kearney’s Laura Bowen and Karen Yocky talk about what the consulting firm has learned from its work in helping clients step up the fight against health disparities. They spoke during the second-annual Health Equity Summit sponsored by Kearney and Chain Drug Review.
CINCINNATI — The Kroger Co. today said third-quarter sales declined from a year earlier as cautious shoppers spent less. But its operating profit grew more than 8% as the retailer gained market share and posted an 11% increase in digital sales compared with a year ago. The number of digitally engaged household increased 13% in
WASHINGTON – More than 200 million consumers were in stores or shopping online between Thanksgiving Day and Cyber Monday, according to the National Retail Federation, which cited the record turnout in reiterating its forecast of spending growth in the range of 3% to 4% over the final two months of the year. “We had a
In this week’s Video Forum, Sarah Davidson, executive vice president at ECRM, reflects on the company’s upcoming 30th anniversary in 2024. She discusses the evolution of ECRM over the course of the three decades since it was founded by Charlie Bowlus and — after the pandemic necessitated a shift to virtual sessions — plans to
WASHINGTON – An estimated 182 million people are planning to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. This figure is 15.7 million more people than last year and is the highest estimate since