Hints and tips:
...Rite Aid filed for bankruptcy last month, while Walgreens and CVS have both announced store closures to cut costs. CVS is shutting 900 stores by 2024....
...Walgreens operates nearly 9,000 stores in the US. Cheaper generic drugs are squeezing pharmacy sales margins....
...Despite stronger growth in its sales, Boots is shutting 300 UK stores, the latest of a series of closures, while Walgreens is closing 150 US outlets....
...At my local CVS store in Brooklyn, the simple act of buying toothpaste has become a multi-step affair....
...Rival CVS has built up a much more diversified business. This includes a large pharmacy benefit management business and a leading health insurance division....
...Weeks after announcing negotiations on similar settlements with the pharmacy chains CVS and Walgreens, New York attorney-general Letitia James said such retailers had “played an undeniable role in perpetuating...
...“I’m very aware of the celebrity beauty brand backlash,” says John Legend, the singer and founder of Loved01, a unisex skin and bodycare brand launched this month into US pharmacy chain CVS....
...This week, it emerged that Amazon plans to bid against pharmacy chain CVS for Signify Health, a $6bn home health services provider in a September auction....
...At rival drugstore operator CVS, retail sales account for just a third of group revenues. CVS is more diversified....
...Brands, pharmacy chain CVS Health and media company Fox Corp. Broker Robinhood, airline Frontier Group, and buy-now-pay-later company Affirm will report after the market closes....
...One of the two largest pharmacy chains in the US, CVS expects the number of Covid-19 vaccines it administers in store to drop 70 to 80 per cent in 2022 from the 59mn it administered last year....
...CVS envisions having three different store models, including traditional CVS Pharmacy stores, HealthHub locations and sites dedicated to primary care services....
...Individual stores would be able to “set their own limits based on local inventory”. CVS is imposing a similar cap, with both in-store and online customers limited to six test kits per purchase....
...Individual stores would be able to “set their own limits based upon local inventory”. CVS is imposing a similar cap, with both in-store and online customers limited to six test kits per purchase....
...groups CVS and Walgreens agree $10bn opioid settlements (FT)...
...CVS is permitting customers to buy six tests online and four tests at its pharmacies. The news was first reported by Bloomberg....
...CVS recorded a 14.2 per cent year-on-year increase in prescriptions filled in the second quarter. The company said non-pharmacy sales in its stores also improved, rising in all product categories....
...Walgreens is closing five pharmacies in San Francisco because thefts there are running at five times the average in the rest of the country....
...CVS said it had issued more than 10m coronavirus shots and expected the pace to pick up rapidly after US health officials signed up the pharmacy group to the national rollout effort....
...At the turn of the month, the head of CVS Health’s anti-theft team told a Senate Committee it currently experiences losses of $200m at its chain of pharmacies, with an average take of $2,000....
...CVS Health, which owns a health insurer and pharmacy benefits manager as well as its namesake pharmacy chain, said it would require corporate staff and employees who interact with patients to be fully vaccinated...
...The company said associates in pharmacies and clinics will continue to wear masks. It will also request that non-vaccinated customers continue to don face coverings in Kroger stores....
...At CVS, fully vaccinated customers will not be required to wear masks, although the pharmacy chain’s employees will continue to do so....
...Walgreens Boots Alliance fell more than 9 per cent by afternoon trading on Tuesday, while CVS Health, the largest pharmacy operator in the US, dropped 9 per cent and Rite Aid shed more than 16 per cent....
...Krispy Kreme has given out 1.5 million free donuts to vaccinated customers since March, and Target is giving customers $5 coupons if they are vaccinated at an in-store CVS Pharmacy....
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