NEW YORK — Ralph Hoagland III, a serial entrepreneur who was one of the founders of CVS, died Friday. He was 86. Hoagland died from complications due to posterior cortical atrophy, a dementia-related disease, CVS confirmed in a statement. “All of us at CVS were saddened to learn of the passing of the company’s co-founder,
On the day before Thanksgiving an acquaintance of ours wandered into a CVS drug store in Mendham, N.J. There, at the store’s entrance, was a display, a Disney Lionel train set. Price: $79.95. Our acquaintance, a longtime Lionel train buff, immediately snapped it up, took it home, assembled the track and, by 8:00 that night,
NEW YORK — Pharmacy chains CVS, Walgreens and Rite Aid and other retailers are pulling heartburn medication Zantac and its store-brand versions from their shelves after the Food and Drug Administration (FDA) warned it had detected low levels of a cancer-causing chemical in samples of the drug. The actions follow the FDA’s release of a
NEW YORK — Although obstacles to a widespread rollout remain, CBD products are edging into the mainstream. Late last month both CVS Pharmacy and Walgreens announced that they would begin selling CBD products in some stores. CVS has begun carrying CBD products in selected stores in seven states: California, Colorado, Illinois, Indiana, Kentucky, Maryland and
WOONSOCKET, R.I. — CVS has begun carrying CBD products in selected stores in seven states: California, Colorado, Illinois, Indiana, Kentucky, Maryland, and Tennessee. The chain is stocking hemp-derived topical products only, such as creams, sprays, roll-ons, lotions and salves. It will not sell any supplements or food additives containing CBD, a company spokesman said. “We
NEW YORK — CVS Health, the Centers for Disease Control and Prevention, and Bayer Consumer Health + BrightGuard were the big winners Tuesday evening at the Consumer Healthcare Products Association (CHPA) Educational Foundation at the Plaza Hotel in Manhattan. The CHPA’s annual gala celebrates the foundation’s mission of happier, healthier lives through responsible self-care and
WOONSOCKET, R.I. — Kevin Hourican has been promoted to president of CVS Pharmacy, the retail division of CVS Health. Hourican, who most recently served as the company’s executive vice president of retail pharmacy, had been serving as interim president of the drug chain following the departure of Helena Foulkes, who left to head Hudson’s Bay Co. In his
WASHINGTON — Walmart president and chief executive officer Doug McMillon will take the stage at the National Retail Federation’s ‘Big Show’ conference in New York next month. He will join NRF president and CEO Matthew Shay at 3 p.m on January 14 for a discussion of strategies retailers can employ to survive in today’s environment
WOONSOCKET, R.I. — Following mounting speculation over the past month, CVS Health has unveiled a cash-and stock-deal to acquire health insurer Aetna Inc. for $69 billion. CVS and Aetna said Sunday evening that under the merger pact, Aetna shareholders will receive about $207 per share, including $145 in cash and 0.8378 CVS shares for each
MEMPHIS — Fred’s Inc. has promoted Mike Bloom, its president and chief operating officer, to succeed chief executive officer Jerry Shore. Bloom’s promotion took effect August 29, the date the retailer announced that Shore was stepping aside as CEO and planned to retire in February. Bloom, a former executive with CVS and Family Dollar Stores,
The autumn holiday selling season is upon us — and clues are scarce as to which mass retailers will emerge in the best shape. Indeed, very little data has surfaced as to which products look to dominate, or which retailers appear most confident that the upcoming Christmas selling season will turn out well. The soon-to-be-waged
WOONSOCKET, R.I. — CVS Pharmacy is ramping up its offering of healthier foods and beverages at more than 2,900 stores nationwide. CVS said Tuesday that this year it will roll out “a carefully curated selection of national and niche better-for-you brands” at 100 stores each week. The goal is to provide more healthful, convenient and