Content about Economy of the United States

November 22, 2013

At Bloomberg's The Year Ahead: 2014 conference at the Art Institute of Chicago on Thursday, Walgreens president and CEO Greg Wasson joined a group of health care thought leaders to discuss the state of healthcare in the United States.

CHICAGO — At Bloomberg's The Year Ahead: 2014 conference at the Art Institute of Chicago on Thursday, Walgreens president and CEO Greg Wasson joined a group of health care thought leaders to discuss the state of healthcare in the United States. 

November 22, 2013

Walmart is providing a number of special holiday deals to online and mobile shoppers as part of an early Cyber Monday promotion that begins Saturday, Nov. 30. In addition, Walmart's mobile app customers, Facebook fans and email subscribers will be among the first to receive invitations to an early shopping event on Sunday, Dec. 1, featuring up to 20 of the best Cyber Monday items, before they are widely available.

SAN BRUNO, Calif. — Walmart is providing a number of special holiday deals to online and mobile shoppers as part of an early Cyber Monday promotion that begins Saturday, Nov. 30. In addition, Walmart's mobile app customers, Facebook fans and email subscribers will be among the first to receive invitations to an early shopping event on Sunday, Dec. 1, featuring up to 20 of the best Cyber Monday items while supplies last, before they are widely available.

November 21, 2013

Target Corp. posted sales of $17.3 billion in third-quarter 2013, a 4% increase over the same period last year, and a $341 million profit, down by 46.4% from a year ago, the mass merchandise retailer said Thursday.

MINNEAPOLIS — Target Corp. posted sales of $17.3 billion in third-quarter 2013, a 4% increase over the same period last year, and a $341 million profit, down by 46.4% from a year ago, the mass merchandise retailer said Thursday.

The results from the quarter reflected a earnings-per-share dilution of 29 cents related to the chain's new Canadian segment. Same-store sales in the U.S. segment grew by 0.9%, near the low end of the company's fiscal 2013 guidance, while total sales were $16.9 billion, up 2% from third-quarter 2012's $16.6 billion.

November 20, 2013

Specialty drug spend is expected to more than quadruple by 2020, reaching approximately $402 billion a year, according to a new CVS Caremark report released today.

WOONSOCKET, R.I. — Specialty drug spend is expected to more than quadruple by 2020, reaching approximately $402 billion a year, according to a new CVS Caremark report released today.

November 19, 2013

Some members of club retailer Costco can have their items delivered to their homes under a new partnership between the retailer and Google.

NEW YORK — Some members of club retailer Costco can have their items delivered to their homes under a new partnership between the retailer and Google, the Internet company said.

Google Shopping Express is partnering with Costco to offer the service to members in the San Francisco area. Customers can order items online or through their mobile devices.

The delivery service also has partnerships with such retailers as Target, Whole Foods Market and L'Occitane.

 

November 19, 2013

Shoppers are already looking past the holiday season and not liking what they see, according to a special survey conducted between Oct. 31 and Nov. 5 by IRI that was released Tuesday.

CHICAGO — Shoppers are already looking past the holiday season and not liking what they see, according to a special survey conducted between Oct. 31 and Nov. 5 by IRI that was released Tuesday. While consumers are hoping for the best, they're bracing for the worst when it comes to the possibility of another government shutdown and debt ceiling crisis in early 2014. 

November 19, 2013

Spartan Stores and Nash Finch Company on Tuesday announced the completion of their merger.

GRAND RAPIDS, Mich. — Spartan Stores and Nash Finch Company on Tuesday announced the completion of their merger. Spartan Stores will use the corporate name of SpartanNash Company, with the official name change to SpartanNash expected to become effective at the annual shareholders meeting in May 2014. 

The combined company will continue to conduct business as Spartan Stores, Nash Finch and MDV in their respective markets. 

November 18, 2013

CVS Caremark has announced the appointment of Tracy Bahl as EVP, health plans, leading the teams responsible for supporting health plan clients and offering health plans guidance to help them navigate the evolving health care marketplace.

WOONSOCKET, R.I. — CVS Caremark has announced the appointment of Tracy Bahl as EVP, health plans, leading the teams responsible for supporting health plan clients and offering health plans guidance to help them navigate the evolving health care marketplace.

November 18, 2013

CVS/pharmacy has announced its annual in-store fundraiser for the 10th year to support the St. Jude Children's Research Hospital Thanks and Giving campaign, a holiday program to raise awareness and funds for the research and care provided at St. Jude.

WOONSOCKET, R.I. — CVS/pharmacy has announced its annual in-store fundraiser for the 10th year to support the St. Jude Children's Research Hospital Thanks and Giving campaign, a holiday program to raise awareness and funds for the research and care provided at St. Jude.

Since the campaign's inception, CVS/pharmacy and its customers have raised more than $37 million to support St. Jude.

November 18, 2013

Nielsen, a provider of information and insights into what consumers watch and buy, has announced that Delhaize America has signed a long-term agreement selecting Nielsen as its primary information, insights and analytics partner.

NEW YORK — Nielsen, a provider of information and insights into what consumers watch and buy, has announced that Delhaize America has signed a long-term agreement selecting Nielsen as its primary information, insights and analytics partner.  

Delhaize, the parent company of Food Lion, Hannaford, and Bottom Dollar Food, will use Nielsen tools, data and resources to help guide its strategic and tactical business needs.  

 

November 18, 2013

To supply families in need with fresh food this holiday season, Kroger customers and associates will be able to purchase pre-filled bags and boxes of food to be added to collection barrels.

CINCINNATI — To supply families in need with fresh food this holiday season, Kroger customers and associates will be able to purchase pre-filled bags and boxes of food to be added to collection barrels. 

November 18, 2013

Chain Store Guide on Friday released its latest analysis on the recently-completed Kerr Drug acquisition by Walgreens.

TAMPA, Fla. — Chain Store Guide on Friday released its latest analysis on the recently-completed Kerr Drug acquisition by Walgreens.

November 15, 2013

Rite Aid is testing a revamped beauty section in at least one of its Genuine Well Being stores, in New York's West Village. Dubbed Beauty Vision, the section features a wider assortment of brands, a spruced-up look and a Beauty Vision adviser who can help customers learn about various brands and products. The chain is promoting the new concept with a special event on Tuesday featuring Eddie Funkhouser, creator of the eponymous cosmetic brand.

Assuming president Obama's healthcare reform initiative works out - notwithstanding the rough start it's had so far - and tens of millions of uninsured Americans get healthcare coverage, it's going to mean a lot of potential new customers for pharmacy retailers. But while that will drive script count and get people through the door, it will also drive pharmacy margins down. This means retailers will need to do more to make themselves stand out in the front end, and one of the best ways to do that is with beauty.

DSN took a close look at Rite Aid's new beauty concept this week. See it for yourself.

Rite Aid is testing a revamped beauty section in at least one of its Genuine Well Being stores, in New York's West Village. Dubbed Beauty Vision, the section features a wider assortment of brands, a spruced-up look and a Beauty Vision adviser who can help customers learn about various brands and products. The chain is promoting the new concept with a special event on Tuesday featuring Eddie Funkhouser, creator of the eponymous cosmetic brand.

November 15, 2013

Following a successful test run last summer, Target has announced the expansion of its Beauty Concierge program to nearly 100 stores in three metro areas across the country — making the program now available in nearly 300 Target locations nationwide.

Why is this important? Customers want an experience when shopping. And getting customers more engaged in product and experience with "brand-agnostic experts" is a safe bet.

Following a successful test run last summer, Target has announced the expansion of its Beauty Concierge program to nearly 100 stores in three metro areas across the country — making the program now available in nearly 300 Target locations nationwide.

Why is this important? Customers want an experience when shopping. And getting customers more engaged in product and experience with "brand-agnostic experts" is a safe bet.

November 15, 2013

CVS Caremark and the New England Patriots teamed up for an early Veterans Day tribute on Nov. 9 at Gillette Stadium’s Dana-Farber Field House.

WOONSOCKET, R.I. — CVS Caremark and the New England Patriots teamed up for an early Veterans Day tribute on Nov. 9 at Gillette Stadium’s Dana-Farber Field House.

November 15, 2013

CVS Caremark has announced the appointment of William Shrank as chief scientific officer and chief medical officer, provider innovation and analytics. In this role, Shrank will oversee the company’s overall research and clinical program development.

Why is this so important? Well, he’s a physician having previously practiced with Brigham Internal Medicine Associates. He also served as assistant professor at Harvard Medical School and served as director, research and rapid-cycle evaluation for the Center for Medicare & Medicaid Innovation at the Centers for Medicare & Medicaid Services. And what’s especially interesting to note — as highlighted by CVS Caremark — is that Shrank is “experienced in pharmaceutical outcomes research.”

CVS Caremark has announced the appointment of William Shrank as chief scientific officer and chief medical officer, provider innovation and analytics. In this role, Shrank will oversee the company’s overall research and clinical program development.

November 15, 2013

Target Corp. is donating $100,000 to relief efforts in the Philippines following Typhoon Haiyan, the mass merchandise retailer said.

MINNEAPOLIS — Target Corp. is donating $100,000 to relief efforts in the Philippines following Typhoon Haiyan, the mass merchandise retailer said.

Target said it would make the donation to Save the Children, which is working in affected areas to provide support.

"We are deeply saddened by the devastation in the Philippines," Target president and CEO Gregg Steinhafel said. "We hope our donation to Save the Children will provide critical resources and relief to children and families in the Philippines as they recover from Typhoon Haiyan."

November 15, 2013

Walmart managed to achieve its third-quarter profit target despite reporting weaker than expected U.S. sales, which prompted the company to issue a tepid outlook for fourth-quarter sales at Walmart U.S. stores and Sam’s Club units.

Walmart managed to achieve its third-quarter profit target despite reporting weaker than expected U.S. sales, which prompted the company to issue a tepid outlook for fourth-quarter sales at Walmart U.S. stores and Sam’s Club units.

November 14, 2013

Dutch supermarket operator Royal Ahold will sell its Slovakian business to Slovakia-based retailer Condorum, Ahold said Thursday.

ZAANDAM, Netherlands — Dutch supermarket operator Royal Ahold will sell its Slovakian business to Slovakia-based retailer Condorum, Ahold said Thursday.

November 14, 2013

Royal Ahold had sales of $9.96 billion in third quarter 2013, compared with $10.2 billion during the same period last year, the Dutch supermarket operator said Thursday.

ZAANDAM, Netherlands — Royal Ahold had sales of $9.96 billion in third quarter 2013, compared with $10.2 billion during the same period last year, the Dutch supermarket operator said Thursday.

November 14, 2013

As part of a week-long observance of Veteran's Day, Coca-Cola will host a ceremony to honor the men and women who have served the country, which includes more than 3,000 veterans employed by the company.

ATLANTA — As part of a week-long observance of Veteran's Day, Coca-Cola will host a ceremony to honor the men and women who have served the country, which includes more than 3,000 veterans employed by the company.

On Thursday, Retired First Class Sergeant Michael Schiltz will provide a keynote address where he will share his story of courage in the aftermath of an accident during a military campagin in Iraq. The 82nd Airborne Division "All-American" Chorus also will be on hand to pay tribute.

November 14, 2013

CVS Caremark is sponsoring the 2nd Annual Wake Forest Retail Innovation Challenge, which will be held at Wake Forest University School of Business in Winston-Salem, N.C., on Nov. 14 and 15.

WOONSOCKET, R.I. — CVS Caremark is sponsoring the 2nd Annual Wake Forest Retail Innovation Challenge, which will be held at Wake Forest University School of Business in Winston-Salem, N.C., on Nov. 14 and 15.

November 14, 2013

Diplomat has joined the limited distribution network for a rare form of blood cancer drug marketed by Johnson & Johnson and Pharmacyclics.

FLINT, Mich. — Diplomat has joined the limited distribution network for a rare form of blood cancer drug marketed by Johnson & Johnson and Pharmacyclics.

The specialty pharmacy said Thursday that J&J subsidiary Janssen Biotech and Pharmacyclics had added it to the limited distribution network for Imbruvica (ibrutinib), which the Food and Drug Administration approved this week for mantle cell lymphoma.

November 13, 2013

A new study conducted by researchers at CVS Caremark and Brigham and Women's Hospital explored the impact of genetic testing on prescribing patterns for cardiovascular therapy.

WOONSOCKET, R.I. — A new study conducted by researchers at CVS Caremark and Brigham and Women's Hospital explored the impact of genetic testing on prescribing patterns for cardiovascular therapy and found that there is an opportunity to improve upon the information physicians and patients receive on the evolving body of evidence for pharmacogenomics.

November 13, 2013

Kroger on Wednesday announced today it was named the 2013 Retailer of the Year by Wine Enthusiast magazine.

CINCINNATI — Kroger on Wednesday announced today it was named the 2013 Retailer of the Year by Wine Enthusiast magazine.

Wine Enthusiast selected Kroger Retailer of the Year because of the company's "dynamic growth, dedication to wine, ability to foresee trends and customer service," the editors stated. According to a profile of the grocer, Kroger surpassed $1 billion in wine sales in 2012 and is expected to post double-digit growth in 2013.