IlluMyFi

CVS has announced it will revamp the way it makes reimbursement payments to pharmacies for prescription medications. CVS will close dozens of pharmacies located inside of Target stores in early 2024, a company spokesperson said on Thursday. The closures come as retail pharmacy chains in the U.S. face increasing difficulties with their prescriptions business, workforces and more. CVS will shutter the pharmacies between February and April of this year as part of the Rhode Island-based company's plan to space out stores and pharmacies more, said Amy Thibault, spokesperson for CVS Pharmacy, in an email to CNN. The closures are "based on our evaluation of changes in population, consumer buying patterns and future health needs to ensure we have the right pharmacy format in the right locations for patients," she said. Retail pharmacies have struggled to boost profits in recent quarters as COVID-related traffic dries up and consumers move more to alternative prescription filling services online. Rite Aid, one of the largest drugstore chains in the country, filed for bankruptcy last year. People are also reading... Cedar Falls police charge man with bestiality in incident last month Waterloo woman arrested after children found playing on roof Brass Tap building for sale in CF, but owners will not close, have second location in mind Waterloo couple arrested in connection with sexual abuse of girl UPDATE: Stoplights at fatal crash were covered by snow Vehicle crashes into Ulta in Cedar Falls Cedar Falls teen earns associate degree just before receiving her high school diploma Woman arrested for stealing more than $1,600 worth of items from Walmart Waterloo man arrested in 2022 grocery store parking lot homicide Vacant home in Waterloo 'complete loss' after it catches fire Saturday night High School Boys' Basketball: Jesup's Miller breaks J-Hawk career scoring record High School Girls' Basketball: West coach Anthony W. Pappas releases statement after medical scare MecryOne Waterloo Birth Center announces its first 2024 baby Couple files court appeal of Cedar Falls' decision to euthanize allegedly dangerous dog Waterloo man sentenced to 30 years in methamphetamine investigation CVS reported strong third-quarter earnings, but those gains came mostly from the company's efforts to diversify its offerings away from the retail business in recent years. Its health care benefits division saw sales rise by nearly 17% and health services grew by 8.4%. Nation & World TGI Fridays abruptly closes 36 restaurants. See the full list JORDAN VALINSKI, CNN Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | RSS Feed | Omny Studio Labor problems have also added to the company's woes. CVS representatives have previously said the company will cut thousands of jobs and close about 900 stores between 2022 and 2024 as it reconsiders its business priorities. Prior to the closing of any impacted location, prescriptions will be transferred to a nearby CVS Pharmacy, said Thibault. Employees impacted by the closures will be offered commensurate roles elsewhere, she said. Nation & World Michael Strahan's daughter Isabella has brain tumor, Patriots' 'partnership' with Bill Belichick ends and more trending news AP, CNN, Bang Showbiz CVS purchased Target's pharmacy business from the big box retailer in 2015 for $1.9 billion. It currently operates about 1,800 pharmacies within Target's 1,950 US locations. CVS has about 9,000 pharmacy locations overall. Representatives from Target declined to comment on the closures. Cities Where Brick-and-Mortar Retail Is Declining the Fastest Cities Where Brick-and-Mortar Retail Is Declining the Fastest Changes in the U.S. Retail Landscape Regional Declines in Brick-and-Mortar Retail Large Metros With the Largest Decline in Brick-And-Mortar Retail Midsize Metros With the Largest Decline in Brick-And-Mortar Retail Small Metros With the Largest Decline in Brick-And-Mortar Retail States With the Largest Decline in Brick-And-Mortar Retail Methodology 0 Comments Love 0 Funny 0 Wow 0 Sad 0 Angry 0 Tags Dcc Wire Lee-national Be the first to know Get local news delivered to your inbox! Sign up! * I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Sentiment

Bearish/Bullish

13.01.24 03:00

by wcfcourier.com

GUEST COLUMN: Iowa's big show

AMY LOCKARD Iowans have held tremendous influence in the past with their Big Show, known as the first-in-the-nation caucuses. The caucuses are grassroots politics at its best, as Iowan as the Butter Cow. Besides putting our state in the spotlight, they pump millions of dollars into our economy and afford every citizen between our river borders the opportunity to meet and assess the presidential candidates. Who were everywhere. The Republican candidates still are, as their caucus has survived. The Democrats, not so much. This is largely because they bungled the results of the 2020 caucus, trying out a new app to glean additional information. Turned out it didn't give much information at all, including who the winner was. The world waited and watched and waited some more, but in the end, there were no timely or tangible caucus results to report. So, the Big Show is not as big this year, as roughly half of prospective caucus-goers are not traditionally caucusing. The Democrats are conducting their first-ever mail-in caucus, with the voting beginning in January (date not yet announced.) They will still hold a "traditional caucus," but to discuss party business only. The results of this mail-in caucus will be announced March 5, aka Super Tuesday, severely diluting Iowa's influence and basically treating it as one of many primaries that day. People are also reading... Cedar Falls police charge man with bestiality in incident last month Waterloo woman arrested after children found playing on roof UPDATE: Vehicle crashes into Ulta in Cedar Falls UPDATE: Stoplights at fatal crash were covered by snow Woman arrested for stealing more than $1,600 worth of items from Walmart Brass Tap building for sale in CF, but owners will not close, have second location in mind Waterloo man sentenced to 30 years in methamphetamine investigation Waterloo couple arrested in connection with sexual abuse of girl Vacant home in Waterloo 'complete loss' after it catches fire Saturday night High School Girls' Basketball: West coach Anthony W. Pappas releases statement after medical scare High School Boys' Basketball: Jesup's Miller breaks J-Hawk career scoring record Couple files court appeal of Cedar Falls' decision to euthanize allegedly dangerous dog Snowstorm bearing down on Iowa - When will it be heaviest? Teen arrested in knife robbery early Friday at Waterloo home Residents begin to connect to Waterloo Fiber, excited to switch Lest Republicans think they are above such snafus, let us remember 2012 when they, too, muddled their reporting and also threatened the legitimacy of Iowa's first-in-the-nation status. They, too, could not declare a winner and waffled between the top two, Mitt Romney and Rick Santorum, who each had garnered around 25% of the vote. In a preliminary report, they first declared Romney the winner. Two weeks later they announced the contest was, in fact, a draw. After that, they reversed themselves, and declared Santorum the winner. What? The rest of the world shook their heads in disbel...