06/13/2014 - 11:22am

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 - 10:51am

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 - 10:36am

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 - 10:50am

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.

05/09/2014 - 1:15pm

Bayer agreed to acquire the consumer care business of U.S. pharmaceutical company Merck for a purchase price of $14.2 billion. The OTC acquisition will give Bayer the global No. 2 position in nonprescription products following recently announced consolidations in this growing healthcare industry segment, and will significantly enhance Bayer’s business across multiple therapeutic categories and geographies. Merck's consumer care business includes such leading brands as Claritin, Coppertone and Dr. Scholl’s. Pro forma sales of the combined businesses in 2013 amounted to $7.4 billion with Merck’s business contributing approximately $2.2 billion.

Upon completion of the acquisition, Bayer is expected to achieve global leadership positions in dermatology and gastrointestinals and advance to the No. 2 position in the cold, allergy, sinus and flu category. Bayer will remain No. 2 in nutritionals and No. 3 in analgesics. Overall, the proposed GlaxoSmithKline-Novartis combination represents the largest consumer health business with about 5.7% share, according to reports. The Bayer/Merck combination comes in second with around 4.5% share. McNeil Consumer rounds out the top three globally with a share just above 4%.

05/02/2014 - 8:01am

"NACDS helps to protect the value we currently deliver and sets the stage to provide an even higher level of care, all while sending a powerful message that chain pharmacies are doing far more than filling prescriptions and selling merchandise." That's the message incoming National Association of Chain Drug Stores John Standley had for NACDS Annual attendees. It's a critical juncture in the healthcare industry, he said, and everyone who participates in NACDS plays a substantial role.

NACDS is getting a seasoned performer at the helm. Standley has shown exemplary leadership and remarkable clarity of vision in leading the turnaround at Rite Aid — today the retail health care company is in the best shape it has been in financially in more than a decade, and introduced several very innovative new programs and initiatives from the wellness ambassadors to wellness+ to the Rite Aid Health Aliance, and most recently its acquisition of RediClinic.

04/25/2014 - 1:40pm

CVS Caremark has long stressed its commitment to reinventing pharmacy, and news of a bill pay service for health insurance premiums is in line with that mission and is yet another first that the trailblazer can add to its ever-growing list.

As the article states, customers can now visit their local CVS/pharmacy to pay their health insurance premiums at no additional cost. CVS/pharmacy is the first national retail pharmacy to offer this service.

04/18/2014 - 10:23am

Good news for manufacturers and retailers: Millennials are, in fact, brand loyal. That’s according to a new survey of Millennial consumers from marketing data provider Adroit Digital, which found that 64% of Millennials are more brand-loyal or as brand-loyal as their parents, with 24% considering themselves to be more brand-loyal than their parents.

But there’s a catch.

04/11/2014 - 10:43am

Spring 2014 will be marked as a watershed moment for Rite Aid — it's the season Rite Aid officially transitioned from an operation on the turnaround to a renewed and recharged entity positioned for future growth.

"Fiscal 2014 was far more than just another great year for Rite Aid," John Standley, Rite Aid chairman and CEO, shared with analysts Thursday morning. "Because of our continued positive momentum, we are now in a position to evolve our strategy from one that focuses on turning our company around to one that emphasizes growth. Because of the rapid change taking place throughout the healthcare industry, we believe there is enormous opportunity to meet evolving marketplace needs, better serve our customers and demonstrate our value to the healthcare system. In many ways, we feel as though we're beginning a new chapter here at Rite Aid as we look to further expand our healthcare offerings and strengthen the many wellness offerings that have driven our recent success."