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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
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 11 MA Locations Walgreens Announces Dozens Of Upcoming Store Closures, Including 11 MA Locations
Walgreens Announces Dozens Of Upcoming Store Closures, Including 11 MA 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 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
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
Business
'Pharmageddon': CVS, Walgreens Protests Spread As Workers Seek Better Conditions 'Pharmageddon': CVS, Walgreens Protests Spread As Workers Seek Better Conditions
'Pharmageddon': CVS, Walgreens Protests Spread As Workers Seek Better Conditions Around a thousand pharmacy workers across the country have walked off the job as part of a strike to protest conditions. The so-called "Pharmageddon" series of walkouts at pharmacy chains including CVS and Walgreens stores started Monday, Oct. 30, and is expected to continue at least through the middle of the week. Around 900 people from about 10 states could participate, organizers of the ongoing protest told NBC News. A growing workload and understaffing are the main reasons for the protest, organizers say, noting that the pharmacy workers are not unionized. In a statement to KDKA in Pi…

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by Joe Lombardi
News
Pregnant Mass Native, 37, Killed In Apparent Murder-Suicide In Arizona Pregnant Mass Native, 37, Killed In Apparent Murder-Suicide In Arizona
Pregnant Mass Native, 37, Killed In Apparent Murder-Suicide In Arizona A 37-year-old pregnant woman originally from Massachusetts was one of the victims of an apparent murder-suicide in Arizona last month, according to authorities. Sarah Scott, a Melrose native, was found shot the death along with 27-year-old Jacob De Zeeuw and 6-year-old Jacob at Phoenix home on Tuesday, March 21, Phoenix Police report. Investigators later determined that De Zeeuw fatally shot Sarah and Jacob before turning the gun on himself. Scott was four months pregnant at the time of her death, according to police. “We are saddened by the recent loss of a previous Melrose High School…

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by David Cifarelli
Business
Walgreens Recalls Pain-Relieving Product Due To Packaging Issue Walgreens Recalls Pain-Relieving Product Due To Packaging Issue
Walgreens Recalls Pain-Relieving Product Due To Packaging Issue Walgreens is recalling some bottles of its Acetaminophen pain reliever for not being child-proof, the US Consumer Product Safety Commission (CPSC) said on Thursday, June 16.  The over-the-counter, 150-count bottles failed to meet the packaging, required by the Poison Prevention Packaging Act (PPPA), and means young children could be poised if they swallow the pills.  The bottles are identified by their red continuous threat gear closure and by the drug facts panel printed on the back of the bottle. They have the UPC number 311917218090 and Lot numbers P2100627, P2100671,…

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by David Cifarelli