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RETAIL NEWS

  • Legislation to expose PBM rebates filed in Senate

    WASHINGTON — Senate Finance Committee Ranking Member Ron Wyden, D-Ore., along with Sens. Sherrod Brown, D-Ohio, and Heidi Heitkamp, D-N.D., on Wednesday introduced legislation that would, for the first time, require Pharmacy Benefit Managers in Medicare to disclose their aggregate rebates provided by drug manufacturers, as well as the amount of those rebates that are passed on to health plans, therefore lowering prices for people who need prescription drugs.

  • CVS’ Denton: We have a ‘lot of tools in our tool chest to differentiate ourselves’

    MIAMI — CVS Health’s integrated pharmacy model arms the retailer with “a lot of tools in our tool chest to differentiate ourselves” from the competition, David Denton, EVP and chief financial officer, stated Wednesday during the Barclays Global Healthcare Conference at the Lowes Miami Beach Hotel here.

  • Flu season still 'Texas big' in Lone Star State

    DEERFIELD, Ill. — The Lone Star State remains the chief hold out with regard to extending a flu season that's been winding down. According to the latest Walgreens Flu Index, four of the top 10 markets still experiencing high levels of flu activity are in Texas, including three of the top five markets.

    For the week of March 12, the top 10 markets for flu activity were:

  • Walmart issues $157M in bonuses to employees

    BENTONVILLE, Ark. — Walmart issued $157 million in bonuses to 850,000 employees based upon store performance. The bonuses, along with annual pay raises, were included in employees’ March 9 paycheck.

  • Bloomberg: Walgreens could sell additional assets to Fred’s

    DEERFIELD, Ill. — Walgreens Boots Alliance could be close to an agreement to sell more assets, including additional stores, distribution centers, software and personnel, to Fred’s Pharmacy in an effort to win Federal Trade Commission approval of its proposed agreement to acquire Rite Aid, according to Bloomberg, citing sources close to the talks.

  • Walmart reportedly testing ‘endless aisle’ kiosks

    Walmart just made another move in its battle against online rival, Amazon.
     
    The retail giant is testing a touch-screen monitor in its toy aisle at select stores in Texas. The solution connects shoppers to available inventory at store-level, and if it’s not on-hand, the device enables them to order it online, according to The Street. 
     

  • CDC identifies risk of Zika virus transmission across three Florida counties

    ATLANTA — The Centers for Disease Control and Prevention on Monday identified a potential risk of Zika virus transmission starting on June, 15, 2016, to present in Miami-Dade County, Fla., that also could affect risk for residents of Broward and Palm Beach counties.

  • VR ‘how to’ classes make retail debut

    Home improvement chain Lowe’s is embarking on the next chapter of its virtual reality journey.
     
    On March 7, the home improvement chain’s store in Framingham, Mass., debuted its “Holoroom How To,” Lowe’s first-ever virtual reality DIY skills-training clinic. As consumers enter the interactive virtual reality (VR)-based environment, they wear an HTC Vive headset to receive “hands-on” tutorials on basic DIY skills, including supplies and steps, needed to complete a project.
     
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