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CVS Health

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
Massive Eye Drop Recall Expands: 3 Products Added As List Hits 29; Here's New Rundown Massive Eye Drop Recall Expands: 3 Products Added As List Hits 29; Here's New Rundown
Massive Eye Drop Recall Expands: 3 Products Added As List Hits 29; Here's New Rundown Three new products have been added to a  recall of more than two dozen over-the-counter eye drops because of the risk of eye infections that may lead to vision loss or blindness. The now 29 products are from these brands: CVS Health, Leader (Cardinal Health), Rugby (Cardinal Health), Rite Aid, Target Up&Up, and Velocity Pharma. The alert comes after FDA investigators found bacterial contamination in critical drug production areas of a manufacturing facility. The list the US Food and Drug Administration (FDA) provided late last month five Cardinal Health, Inc. p…

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by Joe Lombardi
Business
Stop Using These Eye Drop Products Sold At CVS, Rite Aid, Target Due To Infection Risk: FDA Stop Using These Eye Drop Products Sold At CVS, Rite Aid, Target Due To Infection Risk: FDA
Stop Using These Eye Drop Products Sold At CVS, Rite Aid, Target Due To Infection Risk: FDA Consumers should stop using more than two dozen over-the-counter eye drop products because of the risk of eye infections that may lead to vision loss or blindness. Click here for a new, updated story - Massive Eye Drop Recall Expands: 3 New Products Added As List Hits 29; Here's New Rundown The 26 products are from these brands: CVS Health, Leader (Cardinal Health), Rugby (Cardinal Health), Rite Aid, Target Up&Up, and Velocity Pharma. The alert comes after FDA investigators found bacterial contamination in critical drug production areas of a manufacturing facility. For the comp…

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by Joe Lombardi
Business
CVS Health Cutting 150+ Jobs From PA, 5K Across Country CVS Health Cutting 150+ Jobs From PA, 5K Across Country
CVS Health Cutting 150+ Jobs From PA, 5K Across Country CVS Health is eliminating 157 jobs from its Pennsylvania offices, part of the healthcare giant’s larger plan to cut 5,000 jobs nationwide. CVS Health plans to cut the jobs at its Aetna office at Union Meeting Road in Blue Bell. The layoffs will begin on Oct. 21 and continue until Dec. 30, according to documents filed with the Pennsylvania Department of Labor & Industry. The Blue Bell office will remain open. The company is undergoing a massive restructuring and recently announced it would be cutting 5,000 workers. Earlier this month, CVS Health filed documents with…

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by Daily Voice
News
CVS To Close 900 Stores CVS To Close 900 Stores
CVS To Close 900 Stores CVS Health will be closing 900 stores across the US in the next three years, the company announced Thursday. "The company has been evaluating changes in population, consumer buying patterns and future health needs to ensure it has the right kinds of stores in the right locations for consumers and for the business," according to the news release.  "As part of this initiative, CVS Health will reduce store density in certain locations and close approximately 300 stores a year for the next three years." Approximately 300 stores will close each year for the next three years, said the drug …

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by Cecilia Levine