CVS Health’s board of directors is reportedly considering splitting up the company to separate its retail and insurance businesses amid pressure from investors — potentially a major shift in strategy for what has become a health care conglomerate. Over the past couple of decades, the company has grown beyond its pharmacy roots through major deals, most notably its acquisition of insurer Aetna, a CVS Health Company in 2018 for $78 billion. It bought CVS MinuteClinic in 2006, pharmacy benefits manager CVS Caremark in 2007, infusion therapy service Coram in 2014 and long-term-care pharmacy Omnicare, a CVS Health company in 2015. Last year, it paid $10.6 billion to buy the Oak Street Health primary care clinics and $8 billion to buy in-home provider Signify Health. #healthcare #pharmacy
Modern Retail
Book and Periodical Publishing
New York, NY 11,545 followers
Authority and honesty on the reinvention of retail, by Digiday Media
About us
The threat of e-commerce has transformed the retail experience. But the act of shopping is a tangible one. Retailers of all shapes are trying to grapple with a new consumer and new competition.
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Updates
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BÉIS, the #luggage brand founded by actress Shay Mitchell, is giving bags an upgrade with its new #resale program called Second Béis. The program, which officially launches this week on Béis’s website, lets customers shop a selection of recently returned weekenders, rollers, backpacks, totes and duffles. All items are first come, first serve and list for 30% off their regular retail value. Béis worked with Trove, a branded resale platform, to get Second Béis up and running.
Béis is launching a resale program
https://www.modernretail.co
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In a sea of brands vying for spots on top toy lists, baby and toddler brand Lalo aims to stand out by appealing to the sensibilities of millennial parents. #Lalo launched in 2019, aiming to carve out a niche in the baby space with a focus on designing essentials like chairs and bibs that come in minimalist colors, like sage green or blueberry, that would blend into the homes of modern parents. But during the fourth quarter, most of Lalo’s sales come from its toys and play sets, like a play kitchen that parents could deck out with other accessories like mock pots and pans and a little chef’s apron. #retail #parents
Lalo bets on aesthetics and simplicity in the toy category to win over parents this holiday season
https://www.modernretail.co
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Grove Collaborative thinks it has found the way to become the Chewy of sustainable home products. The company has been around since 2012 but has gone through many iterations. For years, it was focused on being a #subscription service that delivered curated baskets of its products — such as paper towels and soaps — to people’s homes. It has tested out private labels as well as wholesale partnerships in stores like Target. The company went public via SPAC in 2022 and has faced some difficult terrain — including a delisting threat. Last year, Amazon veteran Jeff Yurcisin joined as CEO. His focus has been getting the company on a solid footing. “The goal was profitable growth,” he said on the Modern Retail Podcast. “But we felt like we had to start with profitability.” Listen to the full episode here: https://lnkd.in/ezt9a_q3
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Amer Sports is already making progress on its #sustainability targets, Anne Larilahti told Modern Retail. Earlier this year, Salomon debuted its first recyclable ski helmet, as well as an updated version of its recyclable Index running shoe. In 2023, Atomic launched a trial version of a boot take-back program that collected more than 2,500 pairs of boots. Arc'teryx Equipment added two new repair facilities in the U.S. for its ReBird by Arc’teryx program, which resells pre-owned items and upcycles materials.
Behind Arc'teryx parent Amer Sports's sustainability roadmap
https://www.modernretail.co
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DoorDash is leveraging its trove of shopper data to draw more brands and restaurant partners to its marketplace with a slew of new advertising tools as the food-delivery app ramps up its retail media ambitions.
DoorDash’s new advertising capabilities are trying to court bigger brands and retailers
https://www.modernretail.co
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Amid Nike's reckoning, its new CEO is giving his CMO a chance to prove the worth of marketing to boardroom doubters.
Nike's move to brand thinking over quick wins shows boardrooms are relearning patience
https://www.modernretail.co
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The frozen-food delivery business once known as Schwan’s Home Delivery plans to shut down in November, which former employees and retail experts attribute to a failure to adapt in a changing retail landscape.
How Schwan's frozen food delivery service rebranded as Yelloh and struggled to evolve -- leading to its closure
https://www.modernretail.co
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Protein bars and beverages have gradually moved from being perceived as supplements to real food made with familiar ingredients, thanks to players like RXBAR and KIND. Young brands in the protein category also see an opportunity to stand out among the sea of competition with cleaner ingredients and better flavors. With new players like David entering the field, protein bar startups say they are tweaking their products and emphasizing flavor and texture to better attract the growing audience. #protein
Protein bars continue to evolve with new better-for-you brands
https://www.modernretail.co
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Grove Collaborative CEO Jeff Yurcisin joined the Modern Retail Podcast and spoke about how he's been approaching the company's transformation and what's on the horizon.
How Grove Collaborative revamped its business model to focus on profitability
https://www.modernretail.co