CLEVELAND, Ohio — Two Ohio counties have been awarded $650 million in damages in a lawsuit against CVS, Walgreens and Walmart, claiming the way the pharmacy chains distributed pain medications significantly harmed the communities. The August 17 ruling is the first by a federal judge that assigns monetary damages against the chains for their roles
WASHINGTON — U.S. News & World Report, in collaboration with CVS Health, released Wednesday the fifth annual edition of the Healthiest Communities rankings. Amid the growing threat of climate change, the 2022 edition incorporates new data on environmental health, and is accompanied by an analysis showing which types of natural disasters pose the greatest threats to various
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,
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
NEW YORK — Musab Balbale has left his position as vice president and general manager of Walmart beauty to take the top merchant role at CVS Health. Starting at the end of the month, he will fill the post that has been vacant since senior vice president and chief merchant George Coleman left in July.
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
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
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
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
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
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
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