RETAIL NEWS

DEERFIELD, Ill. — Walgreens Boots Alliance on Wednesday announces a binding offer from Fareva for a 10-year global agreement for the manufacture and supply of own beauty brands and private label products, including products for sale in the U.S.

"The proposed agreement will create a partnership to provide Walgreens Boots Alliance with a core multinational manufacturing and development resource, enabling the company to accelerate its global product strategy," Walgreens Boots Alliance stated.

WOONSOCKET, R.I. — CVS Health and Cleveland Clinic on Tuesday announced the expansion of their eight-year clinical affiliation in Northeast Ohio and Florida. The expanded partnership will include various efforts to better coordinate patient care and provide services to support healthy outcomes for Cleveland Clinic patients in these regions.

DEERFIELD, Ill. — Walgreens Boots Alliance met with various investors to clarify its participation in the U.S. Health Resources and Services Administration 340B drug pricing program.

For the first nine months of fiscal 2017, prescriptions related to the 340B program represented less than 1% of the Retail Pharmacy USA division’s prescription volume, Walgreens noted. The division has around 1,200 340B contracts. During the first nine months of fiscal 2017, 340B prescriptions were filled at approximately 6,100 of the division’s pharmacies.

WASHINGTON — The National Association of Chain Drug Stores has shared its thoughts on the proposed Border Adjustment Tax with members of the Senate Finance Committee ahead of the committee’s hearing this week.  In its comments, the organization outlined the impact that the BAT would have on pharmacies and patients.

SUNBURY, Pa. — Weis Markets last week announced Donna Banks-Ficcio has joined the company as VP center store sales and merchandising, where she will oversee the company’s grocery, dairy, frozen, HBC/GM and beer and wine departments. Her oversight responsibilities include category management, merchandising and pricing and she will report to Richard Gunn, SVP merchandising and marketing.

BOSTON — Rite Aid's Health Dialog on Monday introduced comprehensive Medication Therapy Management services for health plans. The new MTM services combine analytics with skilled health coaching to help patients overcome barriers to proper medication use, identify medication-related problems, promote coordination of care and improve medication management success.

The food retail industry is reeling from disruption. Consumer preferences are changing so quickly that companies are having trouble keeping up. Industry consolidation is producing out-of-the-box deals, such as Amazon’s recently announced agreement to acquire Whole Foods.

PARIS — Sephora continues to experiment with store formats, and this time it's going smaller.