By Jan Hoffman Source: The New York Times CVS and Walgreens, two of the nation’s largest retail pharmacy chains, said on Wednesday that they had reached tentative agreements to pay about $5 billion each to settle thousands of lawsuits over their role in the opioid crisis. The companies made the [...]
By Jan Hoffman Source: The New York Times A federal judge on Wednesday ordered three of the nation’s largest pharmacy chains — CVS, Walgreens and Walmart — to pay $650.5 million to two Ohio counties, ruling that the companies must be held accountable for their part in fueling the opioid [...]
By Melissa Repko Source: CNBC CVS Health said Thursday that it will close about 900 stores over the next three years, as it adjusts to shoppers who are buying more online. Shares rose 2.81% to close at $95.34. With the day’s gains, CVS shares are up about 40% this year, [...]
Source: My News LA CVS workers have ratified a new contract that includes increased pay, improved health care benefits, guaranteed hours and additional measures to keep stores safe, union officials said Saturday. The workers will receive pay increases of nearly 10%, with all wage increases retroactive to July 4, 2021 [...]
By Russell Redman Source: Supermarket News CVS Health aims to gradually raise its minimum wage to reach $15 an hour in July 2022. Plans call for Woonsocket, R.I.-based CVS to initiate incremental increases to its hourly pay rates starting this month. In announcing the wage hike yesterday, the pharmacy giant [...]
By Russell Redman Source: Supermarket News With the pandemic pulling many Americans into the online shopping realm, drugstore chains CVS Pharmacy and Rite Aid are serving up more same-day delivery options. CVS on Tuesday unveiled an upgrade to its CarePass customer benefits program that gives members free same-day delivery of [...]
Source: Supermarket Guru CVS and Walgreen’s started building their new stores with about 50% of their area devoted to foods – including healthier offerings When most people think of buying foods at a drug chain it’s typically about the milk (where prices are usually lower than those in the supermarket) [...]
By Russell Redman Source: Supermarket News CVS Pharmacy is launching expanded selections of more than 100 frozen foods, with a focus on meal planning, and over 140 better-for-you snacks. Woonsocket, R.I.-based CVS said Tuesday that selected stores across the country now carry an enlarged frozen assortment, including brands such as Beyond Meat, Bird’s Eye, Ore-Ida and Amy’s Kitchen. The added [...]