The volatile consumer healthcare sector showed up big in CVS’ Q1 earnings Wednesday (May 1), with solid revenue from its store operations but a warning about revenue projections due to its foray into the insurance sector. By the numbers, CVS Health reported first-quarter revenues of approximately $88...
CVS Health announced profitable fourth-quarter (Q4) and full-year earnings on Wednesday (Feb. 7), crediting initiatives to improve primary care and expand omnichannel health services. These efforts aim to provide consumers with accessible care options, whether in-person, virtually or at home, the company told investors on a call. In terms...
During flu season, you want to be on top of your strategy on how to quickly get better if you’re sick. Each month, PYMNTS tracks the most popular mobile apps in the prescription space for the Provider Ranking of Prescription Apps. By observing app use...
Loyalty programs have become a ubiquitous part of the retail landscape, offering consumers enticing rewards and incentives for sticking with their favorite brands. However, as retailers expand their offerings, the proliferation of multiple loyalty programs can complicate the consumer experience and pose challenges for both...
January 22, 2024
Loyalty programs have become a ubiquitous part of the retail landscape, offering consumers enticing rewards and incentives for sticking with their favorite brands. However, as retailers expand their offerings, the proliferation of multiple loyalty programs can complicate the consumer experience and pose challenges for both customers and retailers. CVS Pharmacy, the retail division of CVS Health, […]
August 16, 2023
Technological advancements and evolving consumer expectations are fueling a significant transformation in the healthcare space, with several retailers at the forefront of shaping new paradigms that prioritize convenience, affordability and...
December 22, 2022
Despite all the growth of omnichannel retail, the inventory data needed to satisfy BOPIS demand is still behind. Among those pressures: Having the right inventory in place, and having the...
September 07, 2022
Health care is the space that couldn’t reinvent itself — becoming truly modern — until Big Retail came along to help usher the industry more fully into the 21st century....
May 16, 2024
CVS Pharmacy, the retail division of CVS Health, launched a new store brand for snacks, beverages and groceries. The new Well Market brand features nutrition options, bold flavors, recyclable packaging and selections that meet specific dietary needs, the company said in a Thursday (May 16) press release. Forty products were made available on store shelves and CVS.com Thursday, and more will be rolled […]
January 08, 2024
CVS Health is warning that its fourth-quarter medical costs may be higher than anticipated. The pharmacy and health insurance company’s finance chief said at a conference Monday (Jan. 8) that...
January 04, 2024
CVS Pharmacy, the retail division of CVS Health, simplified its loyalty program by consolidating it into one membership with two tiers. With both tiers of the ExtraCare program, CVS Pharmacy...
September 10, 2023
Walmart is reportedly considering purchasing a majority share of primary care chain ChenMed. The proposed deal, reported Friday (Sept. 8) by Bloomberg News, would mark Walmart’s largest healthcare foray so far, happening at a...
