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CVS Launching Pharmacy-Only Stores Amid Industry Changes: What To Know CVS Launching Pharmacy-Only Stores Amid Industry Changes: What To Know
CVS Launching Pharmacy-Only Stores Amid Industry Changes: What To Know CVS is opening smaller, pharmacy-only stores nationwide as it tries to change how people access medications and in-person care. The Rhode Island-based company is planning to open nearly 20 of the new locations in 2026, according to a news release on Monday, March 30. The announcement also included the unveiling of a pharmacy-only store in Chicago. The roughly 3,000-square-foot locations are designed to focus entirely on medical care through full prescription services, immunizations, and pharmacist support. Unlike most CVS stores, pharmacy-only locations won't have s…

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by Chris Spiker
Business
Walgreens To Close 3 More Pharmacies After Shuttering 8 Earlier This Year Walgreens To Close 3 More Pharmacies After Shuttering 8 Earlier This Year
Walgreens To Close 3 More Pharmacies After Shuttering 8 Earlier This Year Walgreens is not finished with its round of Connecticut closings. The company announced this week that it would close three more stores in the Nutmeg state, as the pharmacy giant reduces its nationwide footprint.  A company spokesperson said Walgreens would close stores in Hamden, Meriden, and Torrington in the coming weeks.  The company has already shut down eight locations across Connecticut this year, including East Hartford, East Haven, New Britain, and New Milford. The schedule for the next round of closures is:  The Walgreens at 1191 Dixwell Avenue in Hamden wi…

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by Josh Lanier
Business
Rite Aid Closing 110+ More Stores Amid New Bankruptcy Filing: See Full List Rite Aid Closing 110+ More Stores Amid New Bankruptcy Filing: See Full List
Rite Aid Closing 110+ More Stores Amid New Bankruptcy Filing: See Full List Rite Aid will shut down more than 100 additional stores nationwide as the struggling pharmacy chain moves deeper into bankruptcy. The closings were disclosed in a recent bankruptcy court filing, less than a month after Rite Aid filed for Chapter 11 on Monday, May 5. The Philadelphia-based chain is working to sell off its pharmacies, inventory, and other assets to several potential buyers. Rite Aid said it has secured $1.94 billion in new financing to keep locations open during the bankruptcy process. Pharmacy services and immunizations will continue in-store and online. The lates…

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by Chris Spiker
Business
Venmo Upgrades Debit Card, Checkout Options To Compete With Rivals: See What's New Venmo Upgrades Debit Card, Checkout Options To Compete With Rivals: See What's New
Venmo Upgrades Debit Card, Checkout Options To Compete With Rivals: See What's New Venmo is launching a new debit card rewards program and expanding its checkout options as the popular payment platform aims to compete with other similar services. Parent company PayPal announced the upgrades to the Venmo Debit Mastercard and Venmo Checkout service in a news release on Wednesday, June 4. The money-transferring app is used monthly by more than 64 million Americans. Venmo's debit card now offers 15% cash back at major retailers like Lyft, McDonald's, Sephora, Walgreens, and Walmart. Users can activate offers through the Venmo app to earn rewards on purchases both in…

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by Chris Spiker
Business
Walgreens Announces Dozens Of Upcoming Store Closures, Including 4 CT Locations Walgreens Announces Dozens Of Upcoming Store Closures, Including 4 CT Locations
Walgreens Announces Dozens Of Upcoming Store Closures, Including 4 CT Locations Walgreens announced this past fall that it will close about 1,200 stores over three years amid a decline in prescription drug payments and a rise in online competition. About 500 of those closures will be in 2025. Now, the locations of some of the specific stores slated to go out of business are emerging and being posted at walgreens.com. Connecticut East Hartford, 922 Silver Lane: Permanently closing on Tuesday, May 20. East Haven, 157 Main Street: Permanently closing on Thursday, May 22. New Britain, 1350 Stanley Street: Permanently closing on Monday, May 19. New Milford, 173 Danbury R…

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by Joe Lombardi
Business
Rite Aid Files For Bankruptcy As Pharmacies Struggle: What It Means For Your Prescriptions Rite Aid Files For Bankruptcy As Pharmacies Struggle: What It Means For Your Prescriptions
Rite Aid Files For Bankruptcy As Pharmacies Struggle: What It Means For Your Prescriptions Rite Aid has declared bankruptcy for the second time in less than two years, as part of a plan to sell off its pharmacies, inventory, and other assets. The Philadelphia-based pharmacy chain officially filed for Chapter 11 bankruptcy on Monday, May 5. Rite Aid has entered talks with several potential national and regional buyers. The company said it has secured $1.94 billion in new financing to keep most stores open during the process. Pharmacy services and immunizations will remain available in-store and online. In October 2023, Rite Aid previously filed for bankruptcy …

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by Chris Spiker
Business
Walgreens To Close 2 More CT Pharmacies, Raising Number To 5 Across State Walgreens To Close 2 More CT Pharmacies, Raising Number To 5 Across State
Walgreens To Close 2 More CT Pharmacies, Raising Number To 5 Across State Walgreens has announced it will close two more stores next month as the pharmacy giant continues reducing its footprint across the country. The pharmacy chain announced this week it would shut the 311 E. Main St. Middletown store and 1083 Boston Post Road in Milford on April 23, according to its website.  Walgreens previously announced closures in Waterbury, Hartford, and New Haven slated for next month. Prescriptions from the closing stores will be transferred to nearby Walgreens locations, and customers will receive notifications by mail. The retailer plans to close …

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by Josh Lanier
Business
Walgreens Knowingly Filled Millions Of Prescriptions Lacking Legit Medical Purpose, DOJ Says Walgreens Knowingly Filled Millions Of Prescriptions Lacking Legit Medical Purpose, DOJ Says
Walgreens Knowingly Filled Millions Of Prescriptions Lacking Legit Medical Purpose, DOJ Says The Justice Department has filed a nationwide lawsuit against Walgreens, alleging the pharmacy chain filled millions of prescriptions without legitimate medical purposes, particularly involving dangerous opioid combinations, over more than a decade. Filed in the US District Court for the Northern District of Illinois, the civil complaint contends Walgreens violated the Controlled Substances Act (CSA) and False Claims Act (FCA) by dispensing prescriptions despite clear red flags and seeking federal reimbursements for these drugs. “This lawsuit seeks to hold Walgreens accountable for the many…

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by Joe Lombardi
Police & Fire
CT Man Exposes Himself To Women Inside Walgreens: Police CT Man Exposes Himself To Women Inside Walgreens: Police
CT Man Exposes Himself To Women Inside Walgreens: Police A 37-year-old Connecticut man was arrested after police said he exposed himself in a "sexual manner" toward women inside a Walgreens last week.  Jose M. Valdivia, of Waterbury, is charged with two counts each of indecent exposure and disorderly conduct, Southington police said.  Multiple women inside Walgreens at 359 Main Street reported that a man had exposed himself to them on New Year's Eve, authorities said. Police found security video of the incidents and saw the man walk toward a car in the parking lot and leave.  Officers pulled that car over about a mile from the sto…

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by Josh Lanier
Business
Walgreens To Close 1,200 Stores Walgreens To Close 1,200 Stores
Walgreens To Close 1,200 Stores Walgreens plans to close about 1,200 stores over three years amid a decline in prescription drug payments and a rise in online competition. About 500 closures will come in 2025, the company announced in a statement released Tuesday morning, Oct. 15. Specific sites for store closures were not announced. Walgreens said its operating loss in fiscal 2024 was $14.1 billion, an increase of 104.5 percent compared to the year-ago period. Retail sales decreased 3.5 percent compared with the year-ago quarter, "reflecting a challenging retail environment and continued channel shift," Walgreens s…

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by Joe Lombardi