A new report from FMI elucidates the journey that the nation’s supermarkets have been on for the past 12 months and sheds light on their prospects. Based on survey responses from 52 member companies, representing some 40% of the industry, “Receipts From the Pandemic” charts the effects of the disruption in the marketplace triggered by
John Standley, who joined Walgreens as president last August, talks about changes under way that will strengthen the drug chain’s position in pharmacy, health care and retailing. Among the subjects Standley addresses in this week’s Video Forum are Walgreens’ expanding partnership with VillageMD, the retailer’s revamped loyalty program, and its big investment in digital
CVS Health has issued its annual Health Trends Report and, unsurprisingly, it foresees a growing role for community pharmacy in the years ahead. The past 12 months have been a watershed for members of the profession, with pharmacy operators across the United States stepping up to help patients and customers cope with fallout from the
Walgreens Boots Alliance has shifted into high gear since the start of 2021. Building on a foundation that it painstakingly laid in recent years, the company has unleashed a salvo of initiatives designed to buttress its central role in health care and retailing. Following the realignment of its partnership with AmerisourceBergen — a transaction that
Walgreens Boots Alliance has shifted into high gear since the start of 2021. Building on a foundation that it painstakingly laid in recent years, the company has unleashed a salvo of initiatives designed to buttress its central role in health care and retailing. Following the realignment of its partnership with AmerisourceBergen — a transaction that
The Supreme Court’s decision in Rutledge v. PCMA to uphold Arkansas’ right to regulate pharmacy benefits managers signals a turning point in the protracted battle to make the relationship between PBMs and retail pharmacies more equitable. In a unanimous ruling (Justice Amy Coney Barrett did not hear the case), the court found that an Arkansas
Albertsons Cos. president and chief executive officer Vivek Sankaran recently spoke with Mass Market Retailers editor-in-chief Jeffrey Woldt about the need to remain nimble and flexible as consumer behavior changes, the company’s response to COVID-19, and Albertsons’ growth strategy. This is an edited version of that conversation, which is available in video form on massmarketretailers.com.
Much has been made of shoppers’ changing behavior during the holiday selling season. Driven by fallout from the COVID-19 pandemic, the shift away from brick-and-mortar stores toward e-commerce has accelerated significantly. Adobe Analytics reports that online sales set records on Thanksgiving, Black Friday and Cyber Monday, rising some 22% on the first two days and
Care Pharmacies chief executive officer Mike Wysong recently spoke with Mass Market Retailers editor-in-chief Jeffrey Woldt about the reasons behind Care’s robust growth. This is an edited version of that conversation, which is available in video form on massmarketretailers.com. WOLDT: Maybe you can talk a little bit about your growth trajectory and the strategy behind
The centrality of retail pharmacies in protecting the health of Americans was underscored earlier this month when the Department of Health and Human Services reached an agreement with a group of national retailers, regional chains and networks of independent drug stores to facilitate COVID-19 immunizations, after one or more vaccines receive Food and Drug Administration
Drastic cuts are coming to Coca-Cola Co.’s brand portfolio. Part of a broader corporate restructuring, which includes a sizable reduction in the workforce, the company has indicated that it may eliminate 50% or more of the beverage brands it sells around the world. Accelerated by supply chain disruptions and changes in consumer behavior brought about
In this week’s Video Forum, Jon Roberts, chief operating officer of CVS Health, discusses the company’s unique health care model and its performance during the COVID-19 crisis. He also addresses the response of patients and payers to CVS’ HealthHUB format, the important place that front-end merchandise has in the company’s retail strategy, and the impact