Retail News

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CVS Health 2015 sales up 10% to $153.3 billion

For the year, total net revenues in the Retail/LTC Segment increased 6.2% to $72 billion. Same-store sales increased 1.7% for the year, with pharmacy same-store sales up 4.5% and front-store same-store sales down 5%. 

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Southeastern Grocers opens Winn-Dixie pilot

Southeastern Grocers officially opened the doors to its latest Winn-Dixie prototype store in the Jacksonville area, The Daily Record of Jacksonville, Fla. reported Thursday. It's the pilot store today, and represents the chain's thinking as it approaches as many as 50 remodels across its three banners this year, the paper reported. Currently Southeastern Grocers operates 752 Winn-Dixie, Bi-Lo and Harvey's supermarkets. (The Daily Record)

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WSJ: 20 companies band to lower healthcare costs

A total of 20 major companies, ranging from American Express to Verizon, have banded together to help manage employer-borne healthcare costs, The Wall Street Journal reported Thursday. "Health care is one of the things that employees need and want," noted Marc Reed, chief administrative officer of Verizon. "What we're trying to do is to make this sustainable so that kind of coverage can continue." Alas, the group may have missed an opportunity by not including a single pharmacy provider - retail pharmacy is the one industry already schooled on how to reduce health costs through better adherence and improved outcomes. (The Wall Street Journal)