New York-based equity research firm Cowen has sized up the threat Amazon poses to the industry, and while its entry would not be as disruptive as some might think, there are still opportunities for Amazon in the pharmacy business.
Top Pharmacy Retailers
The West Des Moines, Iowa-based company said that its efforts are aimed at adapting its offerings to meet customers’ changing lifestyle needs.
As part of the deal, the Texas-based grocery store will continue to operate as an independent company.
The CVS Health Impact Dashboard is designed to show how the Woonsocket, R.I.-based company supports health care access in each state, officials said.
“These changes position Rite Aid for the future and support our efforts to deliver an outstanding experience in our stores,” Rite Aid COO Bryan Everett said.
In 2016, Nielsen reported that private label outperformed national brands in the mass merchandising segment, which includes such retailers as Walmart, Target, warehouse clubs and dollar store chains.
The retail chain is approaching the holiday season ahead with an increase in online sales in its third quarter, surpassing revenue and comp sales estimates.
The company has promoted Anne Dament to head its private brands, among other duties, and named Stuart MacFarland as its general counsel and corporate secretary.
Stepping down from the role is Bill Romine, who is retiring from Rite Aid after more than 40 years of retail pharmacy experience.
Since it first began a registered apprenticeship program for pharmacy technicians in 2005, CVS Health said it has seen more than 4,700 people join in the retail pharmacy, prescription benefit management and retail store management tracks.