WOONSOCKET, R.I. — CVS Health topped Wall Street’s earnings-per-share forecast and, driven largely by its PBM unit, saw double-digit sales gains for the 2016 fourth quarter and full year. CVS said Thursday that for the fourth quarter ended Dec. 31, revenue totaled $45.97 billion, up 11.7% from $41.15 billion a year earlier. For the 2016
WESLEY CHAPEL, N.C. — The first six CVS pharmacies located inside Target Corp. stores celebrated a grand opening earlier this month in North Carolina. CVS intends to convert all 1,672 Target pharmacies in 47 states to CVS/pharmacy locations over the next six to eight months and rebrand the 79 Target clinic locations as MinuteClinic, CVS
WOONSOCKET, R.I. — CVS/pharmacy is relaunching the color cosmetics segment of its exclusive Nuance Salma Hayek brand with newly formulated and repackaged products that will begin appearing in stores in March. On Wednesday the drug chain released a video promoting the cosmetics products, describing them as “a luxurious collection enriched with exotic ingredients.” The Salma Hayek
WOONSOCKET, R.I. — CVS Health Corp. has taken ownership of Target Corp.’s pharmacies and clinics, making CVS/pharmacy the No. 1 drug chain by store count and sales. With the closing of its $1.9 billion purchase of the assets, CVS has picked up Target’s 1,672 pharmacies across 47 states, giving it more than 9,500 prescription counters.
George Riedl, once Walgreen’s head merchant, has signed on with Walmart to run that retailer’s health care services. Thus, 2015, from a personnel standpoint, ends as it began, with jobs and career changes once deemed unthinkable.George Riedl, once Walgreens’ head merchant, has signed on with Walmart to run that retailer’s health care services. Thus, 2015,