CVS

NEW LONDON, Conn. — Sheffield Pharmaceuticals recently announced that its Dr. Sheffield’s Premium Natural Toothpaste line of fluoride-free tothpastes had launched at CVS Pharmacy exclusively.

WOONSOCKET, R.I. — CVS Pharmacy sites located inside Target locations are “moving in the right direction,” CVS Health President and CEO Larry Merlo stated Tuesday during the company’s 2017 fiscal first-quarter earnings conference call.

“We are continuing to see improving script performance versus prior quarters, putting aside the network changes,” he said. “Performance is being driven by strength of patient care programs and Maintenance Choice.”

Retail clinics within Target stores were another area of strength.

WOONSOCKET, R.I. — CVS Health announced on Tuesday that Nancy Christal, SVP investor relations, will retire this summer. She will be replaced by VP investor relations Mike McGuire.

“I personally want to thank Nancy and congratulate Mike on his well-deserved promotion,” president and CEO Larry Merlo said during the company’s 2017 fiscal first-quarter earnings conference call.

WOONSOCKET, R.I. — CVS Health on Tuesday reported net income for the three months ended March 31 decreased 16.9% year over year to $953 million. According to CVS, this decline was primarily driven by the decline in operating profit, partially offset by lower interest expense of $31 million related to refinancing activity in the prior year as well as the improvement in the effective income tax rate, from 39.4% to 37.3%.

INDIANAPOLIS — Marsh Supermarkets will close all 37 of its Indiana in-store pharmacies during a three-day period beginning May 3, according to several media reports. All prescription information and inventory will be transferred to CVS Pharmacy.

Terms of the Marsh-CVS transaction were not disclosed.

WOONSOCKET, R.I. — Americans see prescription drug abuse as a growing problem that is increasingly impacting their lives, according to a CVS Health-Morning Consult survey, with three-quarters of respondents believing the problem of prescription drug abuse is tied to people who take medication prescribed for someone else. 

At the same time, nearly one in three people report having unused medication in their home and one in five say they or someone they know has had prescription medication stolen from their home. 

“Only 8% of leaders are good at both strategy and execution, which means you must discover the sweet spot of knowing yourself, your competitors and your terrain.  The very best win with ‘ideas’ and are obsessed with their front-line customer relationships.”  

That was one of the key messages conveyed by Elevation Forum founder and Mack Elevation leader Dan Mack at the most recent Elevation Form held in Scottsdale, Ariz., on Friday.  

NEW YORK — CVS Health on April 19 officially debuted a new store design to enhance the retail customer experience with a new assortment of healthier food, health-focused products and expanded beauty selections, paired with informational signage throughout the store to help customers discover new offerings. 

The company’s front of store today will clearly not be its front of store tomorrow. According to CVS, combined with its innovative digital programs, these changes represent the “next evolution of the customer experience at CVS Pharmacy.”