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CVS: Health-forward transformation continues
If you could pick only one headline regarding CVS Health over the past year, the conversion of all 1,669 pharmacies and 79 clinics acquired from Target in 2015 to CVS Pharmacy locations would be a good one. To be sure, those efforts are paying off. In the former Target pharmacy locations, script counts are up, CVS Health president and CEO Larry Merlo told analysts during a February earnings call.
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Asian influence: Korean beauty is the next big thing stocking drug stores’ shelves
Drug chains are editing existing product assortments to clear more space for up-and-coming brands that court back shoppers who may have migrated to specialty stores. Several categories are heating things up in the beauty aisles, especially Korean beauty. Kline research reveals the category is growing at a 30% annual clip, and chains are seeking the right items to introduce more shoppers to the innovative and effective Korean entries.