by Mike Duff | Nov 6, 2024 | Retail Articles
CVS Health third-quarter earnings fell far short of a Wall Street estimate, but revenues beat expectations as the company embarked on a restructuring initiative. Company net income was $87 million, or seven cents per diluted share, versus $2.26 billion, or $1.75 per...
by Peter Giannetti | Oct 29, 2024 | Retail Articles
Walgreens shoppers surveyed by market researcher Numerator said they are prepared to switch to other drug chains and mass merchants if impacted by the planned closure of some 1,200 Walgreens stores. Walgreens recently reported it would close 1,200 underperforming...
by Mike Duff | Oct 18, 2024 | Retail Articles
CVS Health, in an announcement accompanied by preliminary third-quarter financials, reported it appointed David Joyner president and CEO, replacing Karen Lynch, who stepped down from her position in agreement with the company’s board of directors. Joyner also...
by Mike Duff | Aug 16, 2024 | Retail Articles
This summer has brought a wave of retail leadership moves, including at Pier1.com operator Omni Retail Enterprises and Walgreens Boots Alliance, which is reconfiguring the company around store operations after narrowing its healthcare focus. ODP Corp., Target, CVS...
by Mike Duff | Aug 8, 2024 | Retail Articles
CVS Health beat an analyst consensus estimate on second-quarter earnings, but fell short on revenue as front-store sales slipped. CVS’ net income was $1.77 billion, or $1.41 per diluted share, versus $1.9 billion, or $1.48 per diluted share, in the year-earlier...
