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RETAIL NEWS

  • Nasal corticosteroids see high growth

    While the C/A/S tablet and liquid subcategories have seen little change in sales versus year-ago sales, the UR nasal subcategory saw impressive growth in the channels studied, due in large part to the recent Rx-OTC switch products in the nasal corticosteroid segment, driving sales up 15% in the food industry and up to10% in drug. (see Figure 1).

    (To view the full report, click here.)

  • The golden years: Drug stores can profit from Americans aging, staying at home

    With more Americans reaching their golden years and the country’s healthcare system stressing home care as a way to drive down costs, products to meet these consumers’ conditions are gaining more attention and increasingly finding their way into drug stores’ mix.

    (To view the full Home Health Care Report, click here.)

  • The ‘humanization’ of pets

    Americans can’t do enough for their furry friends. To that end, growth continues to be the watchword in the pet care category.

    Research released by the American Pet Products Association, or the APPA, indicated that American consumers would spend a total of $62.75 billion on pet supplies and care in 2016, up from $60.28 in 2015 and $58.04 in 2014.

  • CVS pledges to raise minimum of $10M in fight against heart disease and stroke

    WOONSOCKET, R.I. — CVS Health has pledged to raise a minimum of $10 million during the next three years to support life-saving cardiovascular research and education. The retailer is a new national sponsor of the American Heart Association’s Go Red For Women movement, an annual campaign designed to raise awareness of heart disease and stroke as the No. 1 killer of women and to empower women to take charge of their heart health.

    CVS also announced Helena Foulkes, president of CVS Pharmacy, has been named the inaugural national chair for Go Red For Women.

  • Rite Aid shelves stocked with sentimental fare in time for Valentine's Day

    CAMP HILL, Pa.  — Rite Aid stores nationwide are stocking the essentials needed to celebrate Valentine's Day this year. From cards to chocolates, fresh cut flowers, loveable plush and seasonal décor, Rite Aid's 4,600 locations are ready to help its customers celebrate the "season of love."

  • Study finds identity fraud hitting record high

    Identity fraud is at an all-time high, and despite industry efforts, fraudsters continue to rack up victims.
     
    According to the 2017 Identity Fraud Study, the number of victims increased by 16%, rising to 15.4 million U.S. consumers in the last year — a record high since Javelin Strategy & Research began tracking identity fraud in 2003. 
     

  • NRF: Valentine’s Day sales will not be as sweet for first time in decade

    WASHINGTON, D.C. — Valentine’s Day 2017 will not be as sweet for retailers. U.S. consumers are expected to spend an average of $136.57 this year, compared to last year’s record high of $146.84, according to a survey released by the National Retail Federation and Prosper Insights & Analytics. This would be the first such decline on Valentine’s Day spending in a decade.

    Total U.S. spending for Feb. 14 is also expected to drop from last year’s record of $19.7 billion to $18.2 billion this year.

  • Analyst: ‘Still chance of a reasonable outcome’ for Walgreens-Rite Aid deal

    NEW YORK — An Evercore ISI analyst maintained his “buy” rating on Walgreens Boots Alliance stock, stating that although its proposed deadline for a deal with Rite Aid has been delayed, “there is still a chance of a reasonable outcome for both parties.”

    The companies pushed back the deadline for merger from Jan. 27 to July 31 and trimmed the purchase price paid to Rite Aid to $6.50 to $7 per share — based upon the number of store divestitures the FTC requires — from $9 per share.

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