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Stories Tagged as

Pharmacy

Why drugstores could be on the list of troubled business models

by Matt Levin
Oct 15, 2024
Walgreens will close 1,200 stores over the next three years. Rite Aid filed for bankruptcy last year, and CVS is closing hundreds of stores.
When was the last time you went into a drugstore and thought, "This place is AWESOME! I want to spend MORE time here!"
Scott Olson/Getty Images
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Rite Aid's bankruptcy reflects how much the corner drugstore has changed

by Kimberly Adams
Oct 16, 2023
Corporate mergers and competition from supermarkets, discount clubs and online startups — among other forces — have altered how pharmacies need to do business.
The pharmacy business has seen lots of change in the last few decades.
Michael M. Santiago/Getty Images
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COVID-19

A New Jersey community pharmacy's vaccine rollout, a year later

by Marielle Segarra
Mar 1, 2022
This time last year, Bell Pharmacy was doing everything it could to prepare for COVID-19 vaccines ... without knowing when the doses would arrive.
Tony Minniti, owner of Bell Pharmacy, worked with community groups to bring the vaccine to local residents.
Courtesy Minniti
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Shift to health services shows signs of success for big pharmacy chains

by Savannah Peters
Feb 9, 2022
CVS has found a positive side effect of providing vaccines — increased retail sales. But what happens when vaccinations slow down?
Pharmacies like CVS have seen varied buying patterns during the pandemic, but providing COVID testing and vaccinations has brought more consumers into the stores.
Mario Tama/Getty Images
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Pharmacy chains plan to expand health care offerings

by Meghan McCarty Carino
Nov 19, 2021
The pandemic highlighted their opportunity to meet everyday health care needs (and presented some challenges).
CVS announced its acquisition of the primary care firm Oak Street Health, adding to the pharmacy giant's already-expansive holdings in the health care market.
Justin Sullivan via Getty Images
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CVS expands mental health services as pitch for personalized care

by Kristin Schwab
Aug 30, 2021
The service might help lessen the stigma and burden of seeking mental health care, a CVS executive says.
Spencer Platt/Getty Images
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COVID-19

In New Jersey, a small pharmacy and a neighborhood get ready for the vaccine

by Marielle Segarra
Mar 2, 2021
Bell Pharmacy is working with community organizers to vaccinate at-risk residents, but its owner doesn't know when that'll happen.
A nurse vaccinates a woman in Los Angeles. In New Jersey, pharmacist Tony Minniti is preparing to host vaccinations for community members.
Mario Tama/Getty Images
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CVS boosts pharmacy hiring to handle flu, COVID-19 vaccine demands

by Meghan McCarty Carino
Oct 19, 2020
The retailer plans to hire 15,000 additional staff, mostly pharmacy technicians.
MANDEL NGAN/AFP/Getty Images
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Amazon acquires PillPack as it muscles its way into the health care industry

by Dan Gorenstein
Jun 28, 2018
Hear that thud? That’s the sound of Amazon getting into the retail pharmacy business. Today the online retail giant snatched up PillPack, an online pharmacy that presorts prescription drugs and delivers them to your door. Walgreens, Rite Aid and CVS all saw their stock prices take a dive in early trading on news of the […]
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Notice less candy around CVS cash registers? You're right

by Sally Herships
Sep 13, 2017
CVS wants to be known for improving health, so it's making subtle changes.
A display at CVS touting healthy snacks.
Sally Herships/ Marketplace
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