Content about Retail

PRINCETON, N.J. —Arm & Hammer’s new Double Duty clumping cat litter’s breakthrough formula allows cat owners to address feces and urine odors in the litter box. More than 90% of cat owners said eliminating odor from feces and urine is important to them in a litter product, but most products on the market concentrate only on the pungent ammonia smell of cat urine.

DALLAS —Frito-Lay continues its commitment to college football fans with a new, limited-edition football-shaped version of its classic tortilla chips. The game day-inspired chips’ hearty texture makes them naturals for dipping. The chips are available in 12-oz. bags and carry a suggested retail price of $3.99.

WHAT IT MEANS AND WHY IT'S IMPORTANT — Retail pharmacies scored a big victory in the Centers for Medicare and Medicaid Services rule, which puts the kibosh on pricing policies that would have severely affected retail pharmacies' ability to make money from generic drugs, and thus forced them to turn away Medicaid patients.

WHAT IT MEANS AND WHY IT'S IMPORTANT — There currently are about 1,200 retail clinics and more than 100,000 certified immunizing pharmacists. Expect those numbers to rise steadily as other employers looks to mimic Citi's free flu shot card program -- and you can bet they will.

(THE NEWS: Citi's flu care card pushes employers toward lower-cost retail channels. For the full story, click here)

ALEXANDRIA, Va. The National Association of Chain Drug Stores and the National Community Pharmacists Association heralded the withdrawal of two provisions from the Medicaid program that would have had retail pharmacies selling generic drugs at a loss.

MONTVALE, N.J. Grocer A&P, which is in the midst of a turnaround, has entered into an agreement with Winstanley Enterprises and certain affiliated entities to sell six of its retail locations for $89.8 million, exclusive of closing costs, in a sale-leaseback deal.

Winstanley agreed to purchase 100% of the company's interest in six Pathmark retail properties located in New York, New Jersey, Pennsylvania and Delaware. The properties are 95% occupied and leased to A&P.

NEW YORK Citi on Tuesday announced the launch of the Citi Flu Care card, a new corporate healthcare payment solution from Citi's Global Transaction Services. The Citi Flu Care card is a payment service designed to help employers reduce employee healthcare spending by shifting the administration of flu shots from doctors' offices or on-site clinics to more cost-effective pharmacy locations.

WHAT IT MEANS AND WHY IT'S IMPORTANT — It would be no small thing to define the retail market for wellness, much less “own” it. But Walgreens is staking its future on its ability to do just that.

(THE NEWS: Walgreens chief: We want to own ‘well.’ For the full story, click here)

DEERFIELD, Ill. The healthcare landscape is changing. There’s a new value-driven consumer who has emerged and, in light of this, retail pharmacy giant Walgreens is in the midst of an evolution into “a retail health and daily living store” and is on a mission to “own well.” That was a key message that an optimistic Greg Wasson, Walgreens president and CEO, had for Wall Street during the company’s Analyst Day conference on Thursday in Chicago.

CONSHOHOCKEN, Pa. Up to 1-in-4 emergency room visits could take place at a retail-based health clinic or urgent care center, saving potentially $4.4 billion annually, according to new research published in the September issue of Health Affairs.

Furthermore, the research found that such retail clinics as Take Care Clinics have been shown to save patients $279 to $460 per visit compared with emergency room costs.