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Shift to health services shows signs of success for big pharmacy chains

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

Pharmacy chains plan to expand health care offerings

Nov 19, 2021
The pandemic highlighted their opportunity to meet everyday health care needs (and presented some challenges).
Though major pharmacy chains, like CVS and Walgreens, are looking to expand primary health care services, they're currently battling employee burnout like many other health providers.
Justin Sullivan via Getty Images

CVS boosts pharmacy hiring to handle flu, COVID-19 vaccine demands

Oct 19, 2020
The retailer plans to hire 15,000 additional staff, mostly pharmacy technicians.
MANDEL NGAN/AFP/Getty Images

Walgreens will add doctors' offices to 500 stores

Jul 10, 2020
The drugstore giant also reports a quarterly loss of $1.7 billion. It and rival CVS are delving deeper into the health and wellness field.
A Walgreens store in Miami. The chain has allied with VillageMD to expand health services.
Joe Raedle/Getty Images

Walgreens adds in-store weight loss clinics to gain store traffic

Oct 29, 2019
At the same time, the retailer's scaling back its in-store clinics.
People walk by a Walgreens store in San Francisco.
Justin Sullivan/Getty Images

Walgreens has a tough quarter

Apr 2, 2019
Pharmacy chain Walgreens reported a 3.8 percent drop in sales for the quarter. The company cited a weak cough, cold and flu season — and declining profits from generic and branded prescription drugs. Click the audio player above to hear the full story.
People walk by a Walgreens store in San Francisco.
Justin Sullivan/Getty Images

Tobacco sales can be hard to quit

Feb 8, 2019
Big pharmacy chains like Walgreens and Rite Aid market a healthy lifestyle, while also selling cigarettes and other tobacco products.
Big pharmacy chains like Walgreens and Rite Aid market a healthy lifestyle, while also selling cigarettes and other tobacco products.
Brendon Thorne/Getty Images

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Amazon acquires PillPack as it muscles its way into the health care industry

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 […]

In the drugstore business, “location, location, location” is all about convenience

Mar 28, 2018
Walgreens may shutter hundreds of Rite Aid stores this spring. The drugstore giant bought more than 1,900 stores from its rival last fall. And Walgreen says it still plans to close about a third of them. So what benefits will the company get from that plan? Click the audio player above to hear the full […]