07/18/2014 - 1:03pm

Industry consolidation continues as CVS Caremark has entered an agreement to snap up regional player Navarro Discount Pharmacy — a move that makes sense for CVS Caremark on several fronts.

Not only does the acquisition strengthen CVS Caremark’s position in the Hispanic marketplace, the fastest growing demographic in the United States, but the deal also includes Navarro Health Services, a specialty pharmacy serving those with complex diseases.

07/11/2014 - 10:00am

CVS/pharmacy replaced single-ingredient pseudoephedrine products with the tamper-resistant PSE product, Zephrex-D, in all of its West Virginia stores, as well as stores in nearby states that are located within 15 miles of West Virginia's border, including Kentucky, Maryland, Ohio, Pennsylvania and Virginia.

 

With the move, West Virginia has become a de facto test market for the diversion-defiant PSE formulation, because along with CVS/pharmacy, Rite Aid and Fruth and soon Walgreens will all be selling similar formulations. The move sends a stern message to West Virginian methamphetamine makers to the tune of Tom Petty's "Don't come around here no more."

07/03/2014 - 3:34pm
There were two big deals in the nutrition space this week: Kroger bought one of the most successful VMS e-commerce sites in Vitacost.com, and Hormel bought a dominant nutritional/supplement brand in Muscle Milk. 
 
With Vitacost.com, Kroger will offer customers the convenience to order online and ship to their door with an expanded assortment online. Vitacost.com fields about 45,000 SKUs, and there's a roughly 10,000 SKU overlap when Kroger's mix is factored in.

 

06/27/2014 - 12:19pm

Just two months after Labeed Diab was named head of health and wellness at Walmart, Mark Phillips was elevated to the role of VP pharmaceutical merchandising. Phillips assumes command of more than 4,175 retail pharmacy operations that generates $16.8 billion in pharmacy revenue, according to DSN's PoweRx 50. In his new role, Phillips will lead the pharmaceutical merchandising team and report to Diab. Phillips, who most recently served as the senior director of merchandising in small formats, is a long-time buyer for Walmart and may be an indication of Walmart's steadfast commitment to growing pharmacy, health and wellness, especially across Walmart's smaller formats.

06/23/2014 - 10:08am

There has been a lot of good news generating out of Rite Aid headquarters in Camp Hill, Pa., in the past week. Not the least of which was the 2.7% lift in first-quarter sales and the 3.1% gain in same-store sales for the period. Rite Aid delivered its seventh consecutive quarter of profitability, noted John Standley, Rite Aid chairman and CEO, during a conference call with analysts last week. And Motley Fool’s consumer goods analyst Sean O’Reilly raved about Rite Aid's Health Alliance program, what he described as the company's "ace up its sleeve." O'Reilly noted that the Health Alliance program is designed to drive traffic into Rite Aid's stores through doctor recommendations in the markets where Health Alliance is active. But there's a deeper dive here, because Rite Aid is driving the right customers into its stores — customers with poly-chronic or chronic conditions that represent more frequent trips and bigger market baskets. What's more, Rite Aid's Health Alliance program aims to make those acquired patients more sticky by coordinating a comprehensive care program that will help those patients reach their health goals.

06/13/2014 - 12:22pm

As reported by DSN’s sister publication Retailing Today, Walmart has opened in Copperas Cove, Texas, its first owned healthcare clinic.

Labeed Diab, Walmart’s president of health and wellness, explained during a briefing in advance of its shareholder meeting that the new clinic is a way for the big-box retailer to provide convenient and almost free (i.e., $4 for employees) access to health care. And, because the retailer avoids the expense of having its associates visit other doctors, it can pass the savings along to customers with a reduced price of $40.

06/06/2014 - 11:51am

Sam’s Club recently announced a credit card cash back program that gives members the opportunity to earn up to $5,000 annually. Marking one of the biggest changes in membership in more than a decade, the club operator in one fell swoop boosted its appeal to loyal Sam's Club members and close the gap between Sam's Club and its chief rival, Costco. The news comes off of a first-quarter performance that Sam's Club president and CEO Rosalind Brewer characterized as “one of our more difficult quarters.” While the club operator was negatively impacted by weather and a reduction in public assistance, Costco emerged under the same conditions with a positive same-store sales comp figure.

05/30/2014 - 11:36am

CVS Caremark has officially taken the wraps off of its new Specialty Connect prescription services program and announced that the program is now available at all CVS/pharmacy locations.

The importance of this new program is two-fold. First of all, it serves as yet one more example of how the company is leveraging its unique assets to improve outcomes. By leveraging its network of 7,600 pharmacy locations and its specialty pharmacy resources, the company is able to offer specialty patients greater flexibility and choice. This, in turn, equates to improved medication adherence.

05/16/2014 - 11:50am

In light of the demand for more accessible and affordable healthcare services as a result of the Affordable Care Act, the primary care provider shortage and an aging Baby Boomer population, the vital role that retail-based health clinics can play in helping patients live healthier lives is hard to deny.

The spotlight on the 1,600-plus convenient care clinics located throughout the country continues to shine even brighter. In fact, just this past week alone, a string of significant clinic news made headlines.