BAVIS_1170x120_10-22-20

CVS

CVS to switch to cage-free eggs by end of 2022

CVS to switch to cage-free eggs by end of 2022

NEW YORK – CVS Health announced on Monday that it has accelerated progress toward its commitment to selling 100% cage-free eggs and egg products, which will now happen by year-end 2022. The company had initially pledged to be cage-free across its 9900 retail locations by 2025. The new commitment accelerates the timeline by three years,

Customer satisfaction with retailers is mostly steady

Customer satisfaction with retailers is mostly steady

ANN ARBOR, Mich. — Customer satisfaction with retail is relatively stable, according to the American Customer Satisfaction Index’s 2021-2022 ranking.  The Retail Trade sector as a whole saw its score dip just 0.5% to 75.1 (out of 100). “Cool stability,” says ACSI managing director David VanAmburg. “That’s the best way to describe the retail sector

CVS’ Q4 sales, earnings exceed expectations

WOONSOCKET, R.I. — CVS Health’s fourth quarter sales and earnings beat Wall Street’s expectations, as demand for COVID-19 tests and vaccines drove customers to stores. Revenue for the three months ended December 31 jumped 10.1% from a year earlier to $76.6 billion, topping analysts’ projection of $75.67 billion. Adjusted earnings per share climbed 52% to

CVS’ Q4 sales and earnings exceed expectations

CVS’ Q4 sales and earnings exceed expectations

WOONSOCKET, R.I. — CVS Health’s fourth quarter sales and earnings beat Wall Street’s expectations, as demand for COVID-19 tests and vaccines drove customers to stores. Karen Lynch Revenue for the three months ended December 31 jumped 10.1% from a year earlier to $76.6 billion, topping analysts’ projection of $75.67 billion. Adjusted earnings per share climbed

CVS to invest in affordable housing in Austin

CVS to invest in affordable housing in Austin

WOONSOCKET, R.I. — CVS Health announced on Monday that it will invest $11.6 million with Boston Financial Investment Management to provide 171 units of much-needed permanent supportive housing in Austin, Texas. This investment is part of CVS Health’s commitment to address racial inequity and social determinants of health in underserved communities. “When people have access to

CVS Health and Microsoft announce strategic alliance

CVS Health and Microsoft announce strategic alliance

WOONSOCKET, R.I. — CVS Health and Microsoft Corp. have launched a new strategic alliance focused on developing innovative solutions to help consumers improve their health, while empowering over 300,000 CVS Health employees including frontline workers with tools to better serve more than 100 million people. Since the start of the COVID-19 pandemic, organizations in every industry

Pharmacy operators found liable in opioid trial

Pharmacy operators found liable in opioid trial

CLEVELAND — A federal jury on Tuesday found that pharmacies operated by Walmart, CVS Health and Walgreens contributed to the opioid epidemic in two Ohio counties, Reuters reported. The trial was for a lawsuit filed in 2018 by Ohio’s Lake and Trumbull counties against Giant Eagle, Walgreens Boots Alliance, CVS Health and Walmart. Thousands of

CVS, Target and Walmart launch sustainable bag pilots

CVS, Target and Walmart launch sustainable bag pilots

NEW YORK – The Consortium to Reinvent the Retail Bag is launching  a series of tests and first-of-a-kind multi-retailer pilots from CVS Health, Target and Walmart to advance sustainable alternatives to the single-use plastic bag and accelerate their potential to scale. The pilots will help refine winning solutions from the Consortium’s global Beyond the Bag

Chief merchant Coleman exits CVS

WOONSOCKET, R.I. — CVS Health senior vice president of merchandising George Coleman has left the company to be with his wife in Italy. “It’s not an easy decision, but it’s a decision driven by my heart,” Coleman wrote in a letter addressed to suppliers. “Many of you are familiar with my story. Three years ago

‘News’ confirms industry’s value

‘News’ confirms industry’s value

On a recent Monday in May, The New York Times ran a story in the paper’s Business section appropriately titled “Will the Future of Therapy Be at the Drugstore?” The article dealt primarily with CVS’ apparent decision to test the availability of mental health specialists within the retailer’s MinuteClinic nonemergency health care facilities in 13

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