CVS News

CVS is Closing 270 Locations Nationwide. Is a Store Near You On The List?

CVS Is Closing 270 Locations Nationwide. Is a Store Near You on the List?

CVS will be closing over 200 locations.

Rite Aid Closes More Than 50 Stores in Michigan, Ohio, and Pennsylvania

Rite Aid Is Selling 1,000 Stores to Competitors, Including CVS and Walgreens

While it navigates bankruptcy, Rite Aid has found buyers for many of its U.S. stores.

CVS Pharmacy Retail Location

CVS Is Opening Pharmacy-Only Stores in Select Communities

CVS has a plan to improve the pharmacy experience with small, dedicated stores for filling prescriptions.

CVS Health Caremark Corporate Office in Irving, Texas, USA.

CVS Posts Better-Than-Expected Earnings, Despite Higher Medical Costs Hurting Insurance Unit

CVS Health financially outperformed in the last quarter of 2024.

CVS Pharmacy Retail Location

CVS Is Testing an App Feature That Allows Customers To Unlock Products

To deter theft, CVS stores lock up various items, but some customers can get around that.

Milk Recall: CVS Has Recalled Thousands of Gallons of Milk Due to Potential Spoilage

Milk Recall: Horizon Organic Has Recalled Milk Sold at CVS Due to Potential Spoilage

The milk recall affects 8-ounce milk cartons sold at CVS nationwide.

CVS Pharmacy Retail Location

DOJ Files Lawsuit Against CVS Pharmacy for Filling Illegal Opioid Prescriptions

The DOJ filed a complaint against CVS for what they claim is illegal practices.

CVS Health Caremark Corporate Office in Irving, Texas, USA.

CVS Health Releases Third-Quarter Earnings, Announces New Aetna President

CVS Health reported an uptick in overall revenue for the quarter.

CVS Health Caremark Corporate Office in Irving, Texas, USA.

CVS Replaces CEO as the Drugstore Chain Tries To Stop Downward Slide

Pressure from the board and shareholders forced a leadership change at CVS Health.

CVS Pharmacy Retail Location

Will CVS Health Overcome Its Challenges With Layoffs and a Business Split?

CVS Health is laying off about 2,900 employees, primarily from corporate roles, as part of a cost-saving initiative aimed at achieving $2 billion in savings. What impact will layoffs and restructuring have on employee morale and consumer trust in the retail sector?

CVS Pharmacy Retail Location

CVS Laying Off Workers While Reportedly Considering a Breakup

CVS has been struggling as the changes in the industry are putting pressure on profits.

Ointment

FDA Recalling Eye Ointments Sold at Walmart and CVS Due to Sterility Issues

The FDA has recalled eye ointments sold at Walmart and CVS due the potential for infections or harm to the eye.

CVS Health logo next to shopping cart with drugs and money

Will CVS’s New Reimbursement Model Be Better for Drug Pricing?

CVS Health announced plans to switch to a more “transparent” prescription reimbursement model for its pharmacies. Will a more straightforward approach offer a better path to reducing drug prices?

CVS Takes Action on Cough Products With Phenylephrine Amid FDA Scrutiny

CVS Health has announced the removal of specific oral cough and cold products featuring phenylephrine as the sole active ingredient from…

Lit-up sign on a building that says "Pharmacy"

Are Retail Pharmacies and Pharmacists Becoming Endangered?

Local retail brand drugstores are closing up shop and pharmacist hours are also being cut. Are there other ways for these drugstore brands to increase sales and profits?

CVS Is Permanently Closing Hundreds of Stores for a Surprising Reason

As the pandemic’s impact on brick-and-mortar retail lingers, the U.S. drugstore landscape is undergoing significant changes. CVS, the largest drugstore chain…

FDA Warns CVS, Others Against Selling Unapproved Eye Products

The U.S. Food and Drug Administration (FDA) has issued warnings to eight companies, including CVS Health Corp and Walgreens Boots Alliance,…

CVS Health Launches Company To Produce Cheaper Versions of Expensive Biotech Drugs

CVS Health has introduced Cordavis, a new subsidiary aimed at producing and commercializing “biosimilar” drugs, which are more affordable versions of…

Blue Shield of California Looks To Cut Reliance on CVS, Taps Amazon

Blue Shield of California is shifting away from most of CVS Health’s pharmacy benefit management (PBM) services and is partnering with…

CVS Lays Off 5,000 Employees as Amazon Virtual Clinics Expand

CVS and Amazon are going head-to-head in the medical industry, and it might be costing thousands of jobs and more. Could the future of healthcare involve entire hospital systems owned by private brands like Amazon and CVS?

As CVS Adds More Healthcare Services, 5,000 Job Cuts and Restructuring Ahead

CVS Health is planning to cut 5,000 jobs across the country as it focuses on adding healthcare services to its stores…

Are CVS and Walgreens prepared to be at the center of the abortion debate?

Are CVS and Walgreens prepared to be at the center of the abortion debate?

CVS and Walgreens have both begun the certification process to sell abortion pills under a new Food and Drug Administration (FDA) regulation that will allow the medication to be offered by retail pharmacies for the first time. Not unsurprisingly, the backlash has begun. Are CVS and Walgreens making the right business decision to pursue certification to sell abortion pills?

Is the “pink tax” on women’s personal products justified or unjustified?

CVS battles the ‘pink tax’

CVS is slashing prices on its menstrual products and working to eliminate sales tax on such items across states as part of a broader push against the “pink tax,” a term referring to the premium women tend to pay versus men for personal health goods. What do you think of CVS’s moves to reduce prices on menstrual and other personal products?

Will a lawsuit leave CVS and Walgreens feeling sick over homeopathic remedies?

Will a lawsuit leave CVS and Walgreens feeling sick over homeopathic remedies?

Major retail pharmacies are facing legal battles over placing homeopathic remedies in the medicine aisle with the rest of the pills. What should a retailer’s responsibility be when it comes to informing customers of the effectiveness or lack thereof of the products it sells?

Will making house calls redefine CVS and Walgreens’ relationships with their customers?

Will making house calls redefine CVS and Walgreens’ relationships with their customers?

CVS on Monday said it has entered into a definitive agreement to acquire Signify Health in an all-cash deal valued at around $8 billion. Do you see the move into primary and other forms of healthcare significantly changing the drugstore business over the next decade?

Can venture funds help retailers keep apace with technology?

Can venture funds help retailers keep apace with technology?

Ulta Beauty has become the latest retailer to officially launch a digital innovation venture fund. The fund will invest $20 million in startups “unlocking new technology that fuels greater discovery, personalization, and convenience.” What’s driving the apparent trend of retailers establishing venture funds to invest in digital startups?

CVS plans to buy its way into the primary care business

CVS plans to buy its way into the primary care business

CVS has arguably been the driving force behind America’s acceptance of health clinics in retail stores. Now, the chain is looking to take the next step with retail clinics staffed by doctors. Do you think CVS will be able to acquire and scale a primary care provider quickly enough to catch up with Walgreens’ VillageMD rollout?

Is Amazon on the verge of reinventing American healthcare?

Is Amazon on the verge of reinventing American healthcare?

Amazon yesterday said that it has reached a deal to acquire One Medical, a “technology-powered national primary care organization” that combines in-person, digital and telehealth services to care for patients. What do you think of the retailer-led pushes into primary healthcare?

Will antitrust legislation single out Amazon and let retail rivals slide?

Will antitrust legislation single out Amazon and let retail rivals slide?

Amazon is slamming federal legislation that would bar the company from giving preference to its products over items sold by other sellers on its site. Does Amazon unfairly give preference to products it sells versus those sold by third parties on its marketplace?

Walmart appears ready to quit its cigarette habit

Walmart appears ready to quit its cigarette habit

Walmart has decided to ditch selling cigarettes in some of its U.S. stores and reconfigure its front end space in those locations to make room for more self-checkouts and products including candy and grab-and-go foods. Do you expect Walmart to phase out most, if not all, of its cigarette sales over the next five years?

Will retailers stop the presses on print circulars?

Will retailers stop the presses on print circulars?

Walgreens reportedly ended its print circular last fall, Target last November and CVS at the close of 2021 as comfort with digital circulars and coupons has grown over the pandemic. How relevant are print circulars as part of the shopping journey for most consumers today?

What’s next for CVS after its #MeToo moment?

What’s next for CVS after its #MeToo moment?

In its own #MeToo moment, CVS on Friday said it fired several employees, including executives, following an internal investigation into how the company handled sexual harassment complaints. How confident are you that #MeToo and related movements have had a positive impact on workplace behavior?

What happens to pharmacies when the COVID-19 vaccine demand wanes?

What happens to pharmacies when the COVID-19 vaccine demand wanes?

The need for vaccination against COVID-19 has driven a huge influx of foot traffic to retail pharmacies, but with demand for vaccines and pandemic-related services waning, retail pharmacies are anticipating taking a hit. What do retail pharmacies need to do to prepare for a future where COVID-19 vaccination is less of a traffic driver?

Jury says CVS, Walgreens and Walmart bear responsibility for opioid epidemic

Jury says CVS, Walgreens and Walmart bear responsibility for opioid epidemic

A federal jury in Ohio has found that CVS, Walgreens and Walmart must take responsibility for the opioid epidemic that has plagued Lake and Trumbull counties in the state. Do pharmacy retailers hold responsibility for the prescriptions they fill?

CVS to close stores and create new formats in health push

CVS to close stores and create new formats in health push

CVS Health will close 900 stores over three years and launch new formats as part of its strategic push to create health destinations in the communities it serves. Will CVS be a stronger drugstore retailer as a result of its plan to close 900 stores, operate three distinct formats and utilize a different executive leadership model?

Will a trip to the doctor soon mean a trip to CVS?

Will a trip to the doctor soon mean a trip to CVS?

Customers already visit CVS for vaccinations, prescriptions and to take care of a range of other pharmacy-related errands. Soon, customers may be going there for full primary care visits as well. Do you see large numbers of Americans eventually having their primary care needs met in retail pharmacies?

Can a reinvented bag revamp sustainable retail?

Can a reinvented bag revamp sustainable retail?

Single-use plastic has gone out of fashion in the U.S. and finding an adequate replacement is easier said than done. Some of the biggest names in the retail industry are vying to create one. Do you think any of the options presented in this competition offer a truly convenient alternative to the single use plastic bag?

How fast can stores fill curbside pickup orders?

How fast can stores fill curbside pickup orders?

During the first quarter, over 90 percent of Dick’s Sporting Goods’ curbside orders were ready within 15 minutes, according to the company. Upon checking in at the store, half were delivered to the customer’s car in under 2.5 minutes. What expectations for turnaround times on curbside/in-store pickup should retailers set for in-store workers and customers?

Should Amazon or rivals be more wary if it opens brick and mortar pharmacies?

Should Amazon or rivals be more wary if it opens brick and mortar pharmacies?

Will Amazon take its pharmacy business from a purely online operation into physical store locations? It is, at the very least, mulling the possibility of this next step, according to reports. Do you think Amazon can effectively run brick-and-mortar pharmacies and compete in the markets where it opens them?

Organized theft is turning San Francisco into retail’s wild west

Organized theft is turning San Francisco into retail’s wild west

There’s a battle going on in San Francisco between retailers and organized retail crime, and the thieves are winning so convincingly that stores are closing their doors. What are retailers and others doing to address the issue and what else needs to be done to thwart this criminal activity in a substantial way?

Will CVS make a breakthrough as it expands in-store mental health services?

Will CVS make a breakthrough as it expands in-store mental health services?

CVS is expanding a pilot program offering mental health counseling and therapy services inside stores. Does it make business sense for pharmacies to offer mental health services and therapy alongside current services in those stores?

How much HQ space will disappear as hybrid work becomes a retailing thing?

How much HQ space will disappear as hybrid work becomes a retailing thing?

Target last week announced plans to significantly downsize its corporate offices, joining a number of other retailers embracing a flexible, hybrid work model that enables some employees to continue working from home. What challenges may retailers face trying to optimize the benefits of a hybrid in-person/work-from-home model?

Will seniors trust CVS to keep them safe with in-home IoT?

Will seniors trust CVS to keep them safe with in-home IoT?

CVS recently announced the rollout of a medical alert system to meet senior customers’ healthcare needs in their homes. Do you think CVS and other retail pharmacies will succeed with in home tech services?

Does Walgreens’ nursing home experience portend a slow retail recovery?

Does Walgreens’ nursing home experience portend a slow retail recovery?

Nursing home residents and staff have been among the hardest hit populations since the pandemic broke out in 2020. Yet 60 percent of those working in nursing homes and 20 percent of residents say they would refuse the vaccine. Do you think vaccine reluctance will dissipate as more and more Americans are immunized against COVID-19?

Is retail ready to distribute the COVID- 19 vaccine?

Is retail ready to distribute the COVID- 19 vaccine?

With the FDA’s emergency approval late Friday of a vaccine co-developed by Pfizer, the nation is now counting on retail to help execute the nation’s most ambitious vaccination campaign in history. What will be the obvious and less obvious challenges facing retailers in their role administering COVID-19 vaccinations?

What will an ex Crate & Barrel CEO bring to her new job leading CVS Pharmacy?

What will an ex Crate & Barrel CEO bring to her new job leading CVS Pharmacy?

CVS Health Corporation announced yesterday that it has hired Neela Montgomery as executive vice president and president of CVS Pharmacy/Retail, to run the company’s 10,000 drugstores and lead its 190,000 employees across the U.S.  What effect do you think Neela Montgomery will have on CVS’s drugstore operations and overall company results?

Can ‘boo-bags’ save Halloween?

Can ‘boo-bags’ save Halloween?

The retail world is anticipating a difficult Halloween season, but retailers, grocers and brands have begun exploring creative strategies that could save the holiday. Do you think promoting boo bags, holding curbside trick-or-treating events and employing other creative Halloween-themed strategies will enable retailers to have a successful Halloween?

Will CVS build on its COVID-19 test momentum?

Will CVS build on its COVID-19 test momentum?

While the novel coronavirus pandemic has been rough on retail as a whole, retailers in specific segments have found opportunities. One of those retailers is CVS. How can CVS hang on to first-time customers that came in for a COVID-19 test?

Will Walmart, Target, Kroger and other chains fix America’s plastic bag problem?

Will Walmart, Target, Kroger and other chains fix America’s plastic bag problem?

Rivals CVS, Kroger, Target, Walgreens and Walmart have joined together in a consortium focused on finding a better, more eco-friendly solution to America’s plastic bag waste problem.. Do you think a consortium such as this can be successful in finding a sustainable alternative to plastic bag use?

Retailers and brands make a quick pivot in the pandemic

Retailers and brands make a quick pivot in the pandemic

Talented executives from a variety of brands and retailers shared their own COVID-19 pandemic experiences at this week’s eTail Digital Summit, with examples of people-first thinking to develop relevant products and content to meet the needs of their customers. What is the best way for brands to stay in tune and/or ahead of the pandemic, economy and social unrest lifecycles?