Walgreens quarterly sales, profit beat expectations as chain grows online sales
Walgreens Boots Alliance on Thursday reported quarterly sales and earnings that came in above expectations as it grew online sales and continued to administer Covid-19 vaccines. Excluding items, the company earned 96 cents per share, exceeding the 92 cents expected by analysts surveyed by Refinitiv. Sales decreased to $32.6 billion from $34.03 billion a year earlier. Earlier this week, Walgreens said it would halt plans to sell its United Kingdom-based Boots business, citing instability in the markets. As of Wednesday's close, Walgreens shares were down about 22% so far this year.cnbc.com
Why you might see more people with a Red Nose
You recognize him from shows like “NCIS” and “That 70s show.” You also recognize his voice from the Academy Award winning film “Encanto” and the hit animated series “Handy Manny.” Wilmer Valderrama joined “Live In The D” to extend the invitation to be part of an initiative that helps kids across the globe.
The Baby Formula Supply Problem Is Getting Worse, Officials Say
For months stores nationwide have been struggling to stock enough baby formula. Manufacturers say they're producing at full capacity and making as much formula as they can, but it's still not enough to meet current demand.detroit.cbslocal.com
2 men found hiding in Detroit garages after robbing pharmacy, leading high-speed chase, police say
Two men were discovered hiding in separate Detroit garages after they forced their way into a pharmacy, stole thousands of dollars’ worth of medicine, and crashed at the end of a high-speed police chase, officials said.
Baby formula shortage has Walmart, Target, CVS limiting purchases
A spokesperson for Walmart told the Journal shoppers are now only allowed to buy five containers of formula each day in stores. There doesn’t appear to be limits on purchases make on Walmart’s online marketplace, however. Online purchases appear to be capped at four items. Shoppers at Walgreens and CVS are limited to three infant and toddler formula products per each transaction, according to the reports. The shortages come after manufacturer Abbott recalled powdered formulas made in a Michigan plant after they were linked with bacterial infections at two deaths.mlive.com
Trial opens in Florida opioid lawsuit case against Walgreens
Trial opened Monday in Florida’s opioid epidemic lawsuit against the Walgreens pharmacy chain, which state officials accuse of prioritizing profits over health by improperly dispensing millions of powerful painkillers that caused tens of thousands of deaths.
Michigan’s record COVID cases increase testing demand, but capacity is limited
Reporters this week visited several testing sites in Michigan and talked to officials at others to assess the situation. A lot of workers have recently been ill or forced to isolate after positive tests, said Goodman, who had a serious COVID-19 illness in the fall. This was her second testing experience, her first was at a hospital drive-up testing site. He works for a staffing agency and travels about the state, going as far as Highland Park, to work testing sites or vaccination clinics. The percentage of positive tests had reached a pandemic peak of about 36%.mlive.com
Where to get the best deals on at-home rapid COVID tests as Omicron surges
As Omicron cases continue to rise, at-home tests seem to be on everyone’s shopping list. Here, we’ve gathered some of the best deals on rapid tests. From Walmart to Walgreens, we have all the information you need to shop online, or check the stock at your local stores. That’s what makes these rapid tests so sought-after. See below for some of the best deals on at-home COVID tests from Amazon, Walmart, Walgreens, CVS, Rite Aid, and Meijer.mlive.com
Jury in Elizabeth Holmes trial hears replay of her boasts
Jurors in the fraud trial of former Theranos CEO Elizabeth Holmes returned to the courtroom Thursday to listen to a replay of audio recordings that captured her brash promises about a vaunted blood-testing technology the propelled her meteoric rise and scandalous downfall.
Walgreens and CVS struggle against ‘unprecedented’ holiday demand for home tests amid omicron surge
The surge from the fast-spreading omicron variant, which has accounted for nearly three-quarters of covid-19 cases in the past week, has left Walgreens and CVS struggling to keep at-home test kits on the shelves days before Christmas.washingtonpost.com
COVID-19 testing demand is up as holiday looms and Illinois sees most single-day cases since Dec. 1, 2020
With Christmas looming and COVID-19 surging in Illinois, health care providers are reporting high demand for COVID-19 tests, while many people are also having a tough time finding rapid, at-home tests. On Monday, Illinois health officials reported the most single-day cases of COVID-19 since Dec. 1, 2020.chicagotribune.com
Theranos founder Elizabeth Holmes faces cross-examination
Former Theranos CEO Elizabeth Holmes spent another five hours on the witness stand Tuesday sparring with a federal prosecutor aiming to prove criminal allegations that she misled investors, customers, and patients about a flawed blood-testing technology that she spent years touting as a medical breakthrough.
‘Walgreens fed my family’: inside the San Francisco stores closing over ‘retail theft’
The drugstores are at the center of debate over crime. But closures threaten an affordable staple of many communities A Walgreens in San Francisco’s historic Mission District is scheduled to close on 17 November. Photograph: Boris Zharkov/The Guardian In mid-October Walgreens announced the impending closure of five of its San Francisco stores. “Retail theft” had risen to unsustainable levels despite increased investment in security, the chain said. It was time to give up. In the months before thnews.yahoo.com
COVID booster shot: How to get one at CVS, Walgreens or Rite Aid
CVS Pharmacy, Walgreens and Rite Aid are all offering COVID-19 booster shots since the Centers for Disease Control and Prevention (CDC) expanded eligibility for COVID booster shots last week. If you received the one-shot Johnson & Johnson (J&J) COVID-19 vaccine, the CDC recommends that anyone ages 18 and older who received the vaccine two or more months ago should get a J&J COVID-19 booster shot. Rite Aid said on its website that walk-in appointments are available on a first-come, first-served basis in addition to appointments scheduled online. Each participating CVS Pharmacy and MinuteClinic is offering either the Pfizer, Moderna or Johnson & Johnson vaccine but not all three at the same time. For CVS, patients will be asked to provide the date and the manufacturer of their last COVID shot and eligibility before making an appointment.mlive.com
Walgreens cited shoplifting as rationale for closing 5 stores in San Francisco, but local officials, data, and experts cast doubt on that explanation
Police data obtained by the San Francisco Chronicle found the closing stores had on average less than two shoplifting reports per month since 2018.news.yahoo.com
Governors applaud Biden's vaccine timeline, but need supply
In Virginia, state vaccine coordinator Dr. Danny Avula said the state could hit Biden’s goal earlier. But several governors cautioned it must come with a dramatic increase in vaccine supply. “It could be a delay for people to actually get a vaccine because of the operational constraints," she said. We can’t disappoint people who eagerly want a vaccine,” said Pat Allen, director of the Oregon Health Authority. Elsewhere, governors met Biden's goal with enthusiasm.
The Latest: Kentucky urges Black citizens to get vaccinated
Jim Thurman counts himself among the converts who recognize the importance of taking a COVID-19 vaccine. AdHealth authorities say first-generation COVID-19 vaccines still protect against variants of the virus that are emerging in different parts of the world. AdIn a separate announcement, Moderna also said it plans to manufacture 700 million doses of COVID-19 vaccine globally this year, up from 600 million. Bosnia, a country of 3.3 million, expects 1.2 million vaccines through COVAX. On Wednesday, Ghana has become the first country to receive COVID-19 vaccines through COVAX.
Michigan reps. concerned over COVID vaccine rollout to pharmacies
The White House has selected specific pharmacies in each state to receive and administer coronavirus vaccines to help ramp up vaccine distribution. See: What we know about the process of getting COVID-19 vaccine doses to pharmacies“Statewide, 20,000 doses are going to Ride Aid pharmacies -- 200 stores across the state. So that’s only going to leave 100 doses per store,” said Andrew Cox, director of the Macomb County Health Department. Macomb County is a large Michigan county with a large senior and vulnerable adult population. Last week, the state gave Macomb County about 7,300 doses of the coronavirus vaccine.
Anxiety grows as long-term care awaits COVID-19 vaccines
That includes both nursing homes, where residents get 24-hour-a-day medical care; assisted living facilities, where people generally need less help; and other types of group homes. In many places, home operators and residents' relatives have watched with frustration as states opened vaccine eligibility to other populations before the work in long-term care homes was finished. The government tasked CVS and Walgreens with administering the shots to long-term care locations in nearly every state. Severine Petras watched a COVID-19 outbreak develop at a Pennsylvania assisted living home her company operates a couple weeks before the first vaccines arrived. As of Sunday morning, 3.5 million doses have been given in long-term care facilities, according to the Centers for Disease Control and Prevention.
Walgreens taps Starbucks exec Brewer as its new CEO
FILE - Starbucks COO Roz Brewer talks about the proposed redesign of a Starbucks store in New Jersey as she speaks Wednesday, March 20, 2019, during the company's annual shareholders meeting in Seattle. Walgreens has tapped Roz Brewer as its new CEO, which will make her the only Black woman currently leading a Fortune 500 company. Brewer will take over as Walgreens CEO on March 15, 2021 after a little more than three years as Starbucks' chief operating officer. At Starbucks, Brewer revamped stores, taking out clutter and cutting down on administrative work so employees could focus on customers and speed up service. Prior to joining Starbucks, Brewer served as president and CEO of Sam’s Club, the members-only warehouse channel of Walmart Inc. She also grew membership and improved merchandise there.
Driver killed, passenger extracted after car vaults from ditch into Ann Arbor Walgreens
A vehicle crashed into an Ann Arbor Walgreens on Dec. 23, 2020. ANN ARBOR, Mich. – A driver was killed and an injured passenger was extracted after 45 minutes when a car “vaulted” from a ditch into a Walgreens in Ann Arbor, officials said. A vehicle was traveling south on Huron Parkway when it left the road near Asher Road, Ann Arbor police said. Officials said the driver, identified as Otis Jones, 82, of Ann Arbor, was killed in the crash. Firefighters spent 45 minutes extricating the front seat passenger, a 77-year-old Ann Arbor woman who was “significantly pinned” in the vehicle.
States will start getting COVID-19 vaccine Monday, US says
Trucks will roll out Sunday morning as shipping companies UPS and FedEx begin delivering Pfizer’s vaccine to nearly 150 distribution centers across the states, said Army Gen. Gustave Perna of Operation Warp Speed, the Trump administration’s vaccine development program. Initially, about 3 million doses were expected to be shipped nationwide. Perna compared the vaccine distribution effort to D-Day, the U.S.-led military offensive that turned the tide in World War II. The vaccine was timed to arrive Monday so health workers could receive the shots and begin giving them, Perna said. The announcement came after revelations that the White House opted not to lock in an additional 100 million doses of Pfizer’s vaccine for delivery in the second quarter of 2021.
Vaccine rollout could ease crisis, but who gets it first?
In October, a panel advising the federal government suggested setting aside 10% of the vaccine supply to distribute as an extra boost to the states with greater shares of disadvantaged groups. Vulnerable people will face more rationing in states such as New Mexico that have higher shares of vulnerable people. The analysis shows 15 states and Washington, D.C., have the largest shares of vulnerable, low-income minorities. A federal set-aside is not the only way to get vaccine to vulnerable neighborhoods. In their vaccination plans, 18 states have said they will consider race and income as they map out vaccine distribution.
Amazon opens online pharmacy, shaking up another industry
The retail colossus opened an online pharmacy Tuesday that allows customers to order medication or prescription refills, and have them delivered to their front door in a couple of days. All have upped online services and touted their abilities to deliver prescriptions and other goods as the COVID-19 pandemic has pushed more consumers to stay home. The company said its online pharmacy will offer commonly prescribed medications in the U.S., including creams, pills, as well as medications that need to stay refrigerated, like insulin. They can also get discounts at 50,000 physical pharmacies around the country at Costco, CVS, Walgreens, Walmart and other stores. Two years ago, it spent $750 million to buy online pharmacy PillPack, which organizes medication in packets by what time and day they need to be taken.
Feds planning now to get coronavirus shots to nursing homes
Under the voluntary program, trained staff from CVS and Walgreens would deliver the vaccines to each nursing home and administer shots. The nation has 15,000-16,000 nursing homes, according to the Centers for Disease Control and Prevention. The use of retail chain pharmacies has prompted some concerns, because nursing homes typically deal with specialized pharmacies and not the big drugstores catering to consumers. Mango said the plan would accommodate nursing homes that want to continue to work with specialized pharmacies. HHS Secretary Alex Azar said the program will “provide convenient and free vaccination to residents of nursing homes across America.”
Judge rejects pharmacy chains' bid to toss opioid suits
(AP Photo/Marcio Jose Sanchez, File)CLEVELAND Lawsuits filed by two Ohio counties against retail pharmacy chains claiming their opioid dispensing practices flooded communities with pain pills and were a a public nuisance can continue, a federal judge in Cleveland has determined. U.S. District Judge Dan Polster rejected the pharmacy chains' motion to dismiss the suits, ruling Thursday that the Ohio law does indeed apply to Lake and Trumbull counties' nuisance claims. Polster is overseeing more than 2,000 lawsuits filed by local governments, tribal authorities and others against companies they blame for fueling an opioid epidemic that has killed 430,000 people since 2000. The two northeast Ohio counties' lawsuits against CVS, Walgreens, Rite Aid, Walmart and Giant Eagle were the first to target retail pharmacy chains as both distributors and dispensers of painkillers. Those claims seek damages from the retail chains as distributors of painkillers but not as dispensers.
Walgreens lost $1.7B in 3Q as global pandemic tightened grip
Walgreens quarter ended May 31, encapsulating a three-month period in which consumer activity came to a screeching halt. Walgreens furloughed more than 16,000 employees at the peak of the pandemic in the United Kingdom. Sales at its Boots stores there dropped nearly 28% on a constant currency basis. Shares of Walgreens Boots Alliance Inc. slumped 9%, close to a new low for the year. The pandemic accelerated changes planned for its Boots stores, which includes closing optician locations and reducing staff at the U.K. support office.
Missing: 74-year-old Roseville man who suffers from dementia
ROSEVILLE, Mich. – Police are seeking help to locate a missing Roseville man who suffers from dementia. Robert Bruce Holman, 74, was last seen around 7 a.m. on Sunday at a Walgreens store on the corner of 10 Mile Road and Gratiot Avenue, police said. Holman is described as 5 feet, 4 inches tall, weighing 180 pounds and was last seen wearing a blue and black jacket and olive green pants. The man also walks with a cane. Anyone with information can contact the Roseville Police Department at 586-447-4484.
ClickOnDetroit NIGHTSIDE report -- Monday, Oct. 28, 2019
Aggie Usedly, longtime host of Michigan Lottery, dies at 79A very familiar face to Local 4 viewers has died. Known to many as the "Lottery Lady" Aggie Usedly spent more than three decades as a host for the Michigan Lottery. She wasn't a movie or TV star and wasn't on the news, but everybody knew the "Lottery Lady." Aggie Usedly, longtime host of Michigan Lottery, dies at 79WATCH Local 4 News at 114 fast factsFormer Michigan Rep. John Conyers Jr. died at the age of 90, police confirmed Sunday. Tweets by Local4NewsCopyright 2019 by WDIV ClickOnDetroit - All rights reserved.
Walgreens to shutter in-store clinics, add Jenny Craig sites
Drugstore chains like Walgreens started years ago adding small clinics that dole out flu shots and handle relatively minor health issues like sinus infections. Walgreens has been focusing more on testing primary care clinics, which offer more extensive care, connected to some of its stores in Kansas City and Houston. Walgreens said Monday that it also will open 100 locations for the weight-loss company Jenny Craig at stores nationwide, starting in January. Edward Jones analyst John Boylan said the closing of the clinics is immaterial to the company financially, and he expects the services Walgreens offers at its stores to shift over time. Access a Zacks stock report on WBA at https://www.zacks.com/ap/WBACopyright 2019 by WDIV ClickOnDetroit.
Walgreens to shutter in-store clinics, add Jenny Craig sites
Drugstore chains like Walgreens started years ago adding small clinics that dole out flu shots and handle relatively minor health issues like sinus infections. Walgreens has been focusing more on testing primary care clinics, which offer more extensive care, connected to some of its stores in Kansas City and Houston. Walgreens said Monday that it also will open 100 locations for the weight-loss company Jenny Craig at stores nationwide, starting in January. Edward Jones analyst John Boylan said the closing of the clinics is immaterial to the company financially, and he expects the services Walgreens offers at its stores to shift over time. Access a Zacks stock report on WBA at https://www.zacks.com/ap/WBA
Drug companies settle ahead of opioid crisis trial
Copyright 2019 CNN(CNN) - The "Big Three" U.S. drug distributors and a major drugmaker have reached a $260 million deal to settle a lawsuit ahead of a federal trial over the opioid crisis. Drugmaker Teva is to contribute $20 million in cash and $20 million worth of suboxone, a drug that treats opioid addiction, AP reported. Six drug companies accused in thousands of lawsuits over their role in the nation's opioid epidemic had been slated for a high-profile trial Monday. They included the three pharmaceutical distribution companies, a smaller distributor called Henry Schein Medical, generic drug company Teva Pharmaceuticals and pharmacy chain Walgreens, according to court documents. Failed talks Friday lasted more than 10 hours and took place between the four distribution companies' CEOs, attorneys general from Tennessee, North Carolina, Pennsylvania and Texas, and lawyers representing over 2,000 state, local and Native American tribal governments.
Drug companies fail to reach settlement ahead of opioid crisis trial
Copyright 2019 CNN(CNN) - Six drug companies accused in thousands of lawsuits over their role in the nation's opioid epidemic failed to reach a settlement with governments across the country, setting the stage for a high-profile trial Monday. There were talks earlier this week with five companies settling for potentially settling for $50 billion, according to a source familiar with the negotiations. The companies proposed to pay a combined $18 billion over 18 years. Purdue Pharma previously reached a proposed settlement agreement in the litigation. The New York Times first reported news of a nearly $50 billion settlement.
Walgreens asks customers not to openly carry guns in its stores
Justin Sullivan/Getty Images(CNN) - Walgreens is asking customers to no longer openly carry guns into its stores in states where open carry is legal, the company announced Thursday. It joins fellow retailers Walmart and Kroger, which announced similar policies the day before. Watts said Moms Demand had been pushing Walmart and Kroger to stop allowing open carry since 2014, and Walgreens since 2015. Watts said that in addition to keeping employees and customers safer, asking customers not to openly carry guns in their stores puts these retailers on a new side of the gun debate. "Prohibiting open carry sends a very strong cultural signal that companies are siding with the safety of families," Watts said.
Walgreens will close about 200 US stores
Justin Sullivan/Getty Images(CNN) - Walgreens will close about 200 locations across the United States as part of its plan to cut costs. After buying roughly half of Rite Aid's stores two years ago, Walgreens expanded its American footprint to more than 9,500 stores. The planned closures represent less than 3% of Walgreens locations. Walgreens did not provide a list of the stores that it plans to close. Parent company Walgreens Boots Alliance announced in June it would close 200 of its more than 2,400 Boots stores in the United Kingdom.
New data shows flow of billions of pain pills from drug companies
The Washington Post reports that 76 billion prescription pain pills from the country's biggest pharmaceutical companies poured into the US from 2006 through 2012. Kolodny said the data reflects pills that were produced by these companies, prescribed by doctors and dispensed to patients at pharmacies. An evolving epidemicBetween 2006 and 2012, the number of opioid pills originating from these companies climbed from 8.4 billion to 12.6 billion, according to The Washington Post's analysis. But the burden may not just fall on the DEA, Kolodny said. The US Food and Drug Administration, in approving new opioids, opened the gates to other drug companies seeking to recoup on their investments.
Several eye drops, ointment sold at Walgreens, Walmart recalled
Certain eye drops marketed by Walmart and Walgreens have been voluntarily recalled. RIVERHEAD, N.Y. - If you use eye drops, this might be a good time to check your medicine cabinet. Several eye drops and ointments exclusively sold at Walmart and Walgreen stores have been recalled because they may not be sterile, the Food and Drug Administration said. Altaire Pharmaceuticals Inc. issued voluntary recalls for various Equate products, including for allergy relief, solutions, eye drops and gel drops -- all manufactured and labeled for Walmart. Walgreens recallFor Walgreens, Altaire has recalled several over-the-counter and prescription eye drops and ophthalmic ointments, including moisturizing eye drops, sodium chloride ophthalmic ointment, sodium chloride ophthalmic solution and lubricant eye ointment.
Retailers among 2019's worst stocks
Spencer Platt/Getty Images(CNN) - Looking for more proof of just how hard it is for traditional retailers to compete in a world that's increasingly dominated by Amazon? Nordstrom and Gap are the worst-performing stocks in the S&P 500 so far this year. Several other big brick-and-mortar retailers are among the market's biggest losers of the first half of 2019. All of those companies have recorded sluggish sales and profits as consumers increasingly shop online. And Home Depot, which faces less competition from Amazon and online shopping in general, is up more than 20%.