Paying attention to WMT store size experiments
WHAT IT MEANS AND WHY IT’S IMPORTANT — Walmart opened its first Express stores earlier this month to mixed reviews about the impact of the new format on the company domestic growth. At 15,000 sq. ft., Walmart opened the first Express location in Gentry, Ark., last week, but offered media and investment analysts a preview of the store prior to the company’s shareholders meeting on June 3.
(THE NEWS: Walmart Express makes debut. For the full story, click here.)
The store is a no-frills affair with bare concrete floors and an open rafter ceiling, and the merchandise mix is heavily oriented toward food, along with an emphasis on Walmart’s Site-to-Store service where it ships merchandise ordered online to stores for free. The jury is out on the format’s potential impact on pharmacy; the location in Gentry, which is about a 30-minute drive southwest of Walmart’s headquarters in Bentonville, contains a pharmacy, but another test location further south in the community of Prairie Grove does not. Both communities are quite small with only a few thousand residents and pharmacy competition limited to independents.
Judging from the location of the first Walmart Express stores, the competitors likely to feel the greatest impact are Dollar General and the 21-unit regional grocery chain Marvin’s food stores. Both have locations near the Walmart Express stores and surely will experience a loss of shopper traffic and sales as residents of Gentry and Prairie Grove check out Walmart’s newest concept.
Bringing providers together in the name of improved patient care, access
WHAT IT MEANS AND WHY IT’S IMPORTANT — The news that MinuteClinic has formed clinical affiliations with OhioHealth and Cleveland Clinic Florida is important because it further signifies that retail-based clinics are more than just clinics.
(THE NEWS: MinuteClinic, OhioHealth enter strategic clinical affiliation. For the full story, click here.)
(THE NEWS: MinuteClinic to collaborate with Cleveland Clinic Florida. For the full story, click here.)
Under the agreement, physicians affiliated with OhioHealth will serve as medical directors for MinuteClinic locations in central Ohio. In addition, MinuteClinic and OhioHealth will collaborate on patient education and disease management initiatives and will inform patients of the services provided by each organization.
Under the partnership with Cleveland Clinic Florida, family physicians will serve as medical directors for 12 MinuteClinic walk-in medical clinics inside select CVS/pharmacy stores from Palm Beach to Broward counties in Florida. In addition, MinuteClinic and Cleveland Clinic Florida will collaborate on patient education and disease management initiatives.
Meanwhile, Walgreens’ Take Care Health Systems announced this past week that it has formed a new relationship with Memorial Health that will increase opportunities for clinical collaboration and improve patient access to healthcare options in the greater Jacksonville, Fla., region.
Through that relationship, Memorial Health-affiliated physician practices will share information on Take Care Clinics and other healthcare options when their locations are closed or they are unable to schedule an appointment within a patient’s desired time frame. Professionals at Memorial Health-affiliated practices will have access to information on Take Care Clinic locations, evening and weekend hours and services available to patients and their families.
Meanwhile, Walgreens also is now collaborating with Northwestern Memorial Physicians Group of Chicago whereby primary care providers will collaborate with Walgreens pharmacists to improve patient health. The program currently focuses on those patients with hypertension, diabetes, asthma and hyperlipidemia. Patients with these chronic disease states will receive point-of-care counseling or an intervention as part of the integrated services offered, and Information from interventions will be provided to each patient’s primary care physician.
All of these deals have one thing in common: They bring providers together in the name of better patient care and improved access.
Ackman buys 8.9% stake in Family Dollar
MATTHEWS, N.C. — Activist investor Bill Ackman, and his Pershing Square Capital Management investment fund, has become the largest owner of Family Dollar stock, according to a regulatory filing.
The filing noted that Ackman has bought a stake of 8.9%.
The news follows just a few months after the retailer turned down an active takeover bid by Nelson Peltz’s Trian Fund.