Health & beauty and drugstores news

07 January 2021
Walgreens Boots Alliance (WBA) announced first quarter results saying total sales rose by 5.7%, 5.2% on a constant currency basis, to US$36.3 bn. It said its growth had been driven by the performance of its Retail Pharmacy USA and Pharmaceutical Wholesale divisions. Discussing the results, WBA’s chairman and chief executive, Stefano Pessina, said: “ Our first quarter results exceeded expectations...
07 January 2021
2021 marks the 180th anniversary of A.S. Watson Group. The retailer generates a revenue of over US$22 bn, from its 16,000+ stores in 33 markets. The group’s ecommerce business increased by 90% in the first half of 2020, and we expect it will continue to strengthen its online and offline platforms. A.S. Watson held a virtual cocktail event to kick-off its anniversary celebrations ...
07 January 2021
Walgreens Boots Alliance (Walgreens) is divesting the majority of its Alliance Healthcare business to AmerisourceBergen Corporation in a $6.5bn deal. Expanding AmerisourceBergen’s distribution presence Alliance Healthcare provides logistics and supply chain services to Walgreens Boots Alliance and other retail pharmacies, mainly in Europe. For AmerisourceBergen’s, the deal will expand its d...
04 December 2020
Walgreens and VillageMD to open 40 more co-owned clinics, while the retailer establishes the Walgreens Advertising Group to support suppliers and Boots appoints a new Chief Marketing Officer. 40 new Village Medical to open at Walgreens clinics Walgreens and VillageMD plan to open 40 more Village Medical at Walgreens full-service primary care clinics by the end of summer 2021 as part of its ...
19 November 2020
 DM reported a 2.9% increase in total group sales to €11.5bn for FY2019/20. Slower growth in Germany, but investment continues The drugstore operator reported 2.1% sales increase in Germany, reaching €8.54bn for the FY2019/20. Passing reductions in VAT to shoppers had a dampening effect on value sales, which dm estimates would have been c.3% without this impact. This compares with a 3.2% in...
10 November 2020
Target is partnering with Ulta Beauty to develop a new in-store experience. Complementing the existing beauty offer Target is partnering with Ulta Beauty to open approximately 100 shop-in-shop concepts next year. These will see a dedicated space for the beauty retailer’s products at Target. The offer will complement Target’s existing beauty offer, bringing in a curated range of established ...
10 November 2020
We highlight case studies from the Nordics where retailers have been fundraising for a key cause during October and November. Themed private label products, donating a percentage of product turnover and encouraging shoppers to donate are among the tactics used. 1. Sweden: ICA raises €5.5m for the Pink Ribbon campaign with themed private label, bracelets and donations Source: ICA I...
09 November 2020
CVS Health releases third-quarter performance and announces Karen S. Lynch as the next CEO. Q3 performance driven by its diversified assets Total revenue increased by 3.5% to $67.1bn and was attributed to growth in its Retail / Long-Term Care (LTC) segment and Health Care Benefits segment. Retail/ LTC revenues grew by 5.9% to $22.7bn, driven by higher prescription volume of +4.6% and inc...
03 November 2020
Walgreens Boots Alliance announced the completion of the joint venture agreement with Mckesson Corporation and appointed former senior advisor of the White House to its board of directors. German wholesale joint venture completed WBA and Mckesson announced the finalisation of their previously announced joint venture agreement that looks to combine both their pharmaceutical wholesale busines...
30 October 2020
The country’s leading cosmetics manufacturer, AmorePacific, opened a “refill station” -- a first in the nation’s beauty industry. A variety of sales methods are required to meet shopper needs According to Korea Bizwire, the refill station is at the AmorePacific Gwanggyo store that opened last week in Suwon, Gyeonggi Province. The station has 15 different kinds of shampoo and body washe...