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CNBC embedded with teams from HSI and California Highway Patrol to witness four organized retail crime operations for this investigation. CNBCAt the bottom of organized retail crime rings are boosters — the people who go into stores and take the items. A bin filled with sparkly silver boots that police suspect an alleged San Jose, California, crime ring stole from T.J. Maxx. In a statement, a TJX spokesperson said the company is "thankful" for CHP's efforts and is taking organized retail crime "very seriously." Court records filed in connection with the case provide a rare glimpse into the inner workings of an alleged organized retail crime ring.

Persons: Michelle Mack, Mack, Michelle Mack's, Louis Vuitton, Adam Parks, they've, Parks, HSI, It's, Joaquin, El, Guzman, Scott Robles, Robles, moisturizer, Allegra, Maxx, Gabrielle Fonrouge, Manny Nevarez, TJX, Michael Ball, Diego, Donna Washburn, Washburn, Mack —, we'll, Charlotte, Estee Lauder, masterminding, Rob Bonta, Kenneth Mack, Bonta, Kimora Lee Gooding texted Michelle Mack, Jan, Gooding, Andrew Barclay, Scott, let's, Kenneth Mack texted Michelle Mack, Michelle Mack texted Alina Franco, Sephora, Prada, Ulta's, Dave Kimbell, Kimbell Organizations: Police, CNBC, Patrol, Homeland Security Investigations, Department of Homeland, New, U.S . Custom House, Operation French, Walgreens, New Orleans Public, Federal, Gillette, CHP, TJX Companies, Bay Area, CNBC Police, Flea, Santa, Attorney, Capitol Flea, L'Oreal, Macy's, Body Locations: San Diego, Bonsall , California, California, Washington , Utah , Oregon, Colorado , Arizona , Illinois , Texas, Florida , Pennsylvania, Massachusetts, Ohio, U.S, Baton Rouge , Louisiana, HSI, New Orleans, Orleans, San Jose, Jose , California, Maxx, Bay, Bay Area, San Jose , California, Santa Clara, Washburn, St, Augustine , Florida, Charlotte Tilbury, Prada, LensCrafters

☆ You'll soon be able to get birth control without a prescription. Here's what you need to know.
▼ + stars: | 2024-03-04 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

It is the first hormonal birth control available for retail and will expand access. Prescription-free birth control will expand accessThe introduction of Opill to family planning aisles will lower barriers to birth control. Since Opill is available without a prescription, people will no longer have to pay a doctor or pharmacist to access hormonal birth control. She urged policymakers to make sure non-prescription birth control is covered by insurance and assistance programs. AdvertisementProgestin-only birth control also carries a risk of ectopic pregnancy and can increase a person's risk for breast cancer, regardless of medical history.

Persons: —, Opill, Victoria Nichols, Nichols, Dr, Tania Serna Organizations: Amazon, Walgreens, CVS, Target, Walmart, Service, US Food and Drug Administration, Guttmacher, Guttmacher Institute, Affordable Care, Kaiser Family Foundation, The American College of Obstetricians, OB, University of California Locations: San Francisco

☆ I've been a makeup artist for 9 years. Here are 9 drugstore products that perform better than high-end items.
▼ + stars: | 2024-03-04 | by ( Janelle Mariss | ) www.businessinsider.com time to read: 1 min

The L'Oreal True Match Nude foundation feels high-end. L'Oreal's True Match Nude foundation looks flawless on the skin. Janelle MarissThe L'Oreal True Match formula has a similar texture and finish to some of my most expensive foundations. Its silky, satin finish sits beautifully on the skin and has medium buildable coverage. It's also the type of foundation that could work well for many different skin types across all ages.

Persons: Janelle Mariss, It's Organizations: L'Oreal

☆ 'Opportune time to invest in real estate': Pros name 5 REITs to buy right now
▼ + stars: | 2024-02-21 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Mounting inflation and interest rates have put significant pressure on several sectors — especially real estate. He suggests that investors look to have 10% of their portfolio exposed to "real estate in some form, as a good rule of thumb." "That exposure can come from REITs [real estate investment trusts] or direct ownership, or other real estate investments if you are a large investor. Rick Romano, Head of Global Real Estate Securities at PGIM Real Estate, agrees, saying that REITs offer investors "a unique and fantastic" opportunity to invest across geographies and segments right now. "It's an area that we see some of the best growth rates within the real estate space," he added.

Persons: Kevin Brown, Brown, Rick Romano, PGIM's Romano, Morningstar's Brown Organizations: Morningstar, CNBC Pro, Global Real Estate Securities, Fund Locations: U.S, Canada

☆ Why are shopping carts always broken?
▼ + stars: | 2024-02-17 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +5 min

The notoriously combative wheels are actually created by the repeated battering that shopping carts are often subject to, explained Alex Poulos. Rogers, which supplies thousands of shopping carts to companies like Whole Foods, Tractor Supply Company and Meijer. Customers push shopping carts outside a Lidl Stiftung & Co. KG supermarket in Berlin, Germany, on Tuesday, Oct. 4, 2022. The ethics of returning shopping cartsConsumers bear some of the responsibility for the banged up and broken qualities of their shopping carts. A supermarket employee returns shopping carts in the Market Basket parking lot in Plymouth, Massachusetts, during a fast-moving winter storm that hit the US Northeast February 13, 2024.

Persons: New York CNN —, Alex Poulos, Poulos, Rogers, Krisztian Bocsi, ”, Alvar Diaz, Christopher Furlong, they’re, Beth Thieme, Ken McGagh, Diaz Organizations: New, New York CNN, R.W, Tractor Supply, Meijer, CNN, Customers, Stiftung, KG, Bloomberg, Getty, Aldi, Tesco, Lidl, Amigo Mobility, Reuters Retailers, Walmart, Target Locations: New York, Berlin, Germany, Europe, Tarleton, United Kingdom, United States, Plymouth , Massachusetts

☆ CVS fined in Ohio for understaffing pharmacy, risking staff and patient safety
▼ + stars: | 2024-02-07 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +6 min

The investigation found that the store was seriously short staffed, pharmacy phones were not working properly and the AC unit was broken. A follow-up visit by agents revealed that the pharmacy was over a month behind in filling prescriptions, according to the agency’s report. In addition to the fine, regulators also put the 7292 Fulton Drive CVS store on probation for at least three years during which it will be subject to enhanced monitoring. The issues being investigated range from hundreds of prescriptions allegedly being past due, pharmacy staffing shortages, clutter and unsafe working conditions and concerns about maintaining adequate medications safety inside the pharmacy. These concerns led some pharmacists to walk out of CVS and Walgreens stores pharmacies last fall and ignited a national push to unionize pharmacy workers.

Persons: we’ve, We’re, Amy Thibault, ” Steven W, ”, Nicole Goodkind Organizations: New, New York CNN, CVS, State of Ohio, of Pharmacy, CNN, Ohio, Pharmacy, state’s, Pharmacists, Community Pharmacists Association, Walgreens, Walmart, Institute, National Institutes of Health Locations: New York, Canton , Ohio, State, Canton, Ohio, United States

The information for the following product(s) has been collected independently by Business Insider: Citi® Double Cash Card. If you aren't familiar with Laurel Road, it has been a lending division of KeyBank, and it's starting to expand into other areas to serve standard banking needs. Laurel Road student loans is what the brand has been primarily associated with. Laurel Road Student Loan Cashback Card OverviewThe Laurel Road Student Loan Cashback Card has a straightforward structure:No annual feeNo foreign transaction feesNo interest for the first year$300 student loan cashback bonus if you spend $3,000 within the first 90 days2% cash back to redeem on your student loan payments1% cash back for all other redemptionsPaying down your student loans with the rewards from your card is super simple. According to data from the Federal Reserve, the country currently has a staggering load of nearly $1.6 trillion of student loan debt.

Persons: Kaitlin Walsh, Epstein, Walsh, " Walsh, What's, We're Organizations: Business Insider, Citi, Laurel, Service, Citi Entertainment, Federal Reserve Locations: KeyBank, Laurel

☆ Opinion | The Promises and Problems of Buying Local
▼ + stars: | 2024-01-29 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

You can crisscross North Dakota from Fargo to Bismarck to Minot and never see a Walgreens, Rite-Aid or Walmart pharmacy. With narrow exceptions, a 1963 state law prohibits drugstores that aren’t majority-owned by a pharmacist. (CVS Health, whose predecessor company was already in the state in 1963, is grandfathered in.) It has withstood multiple challenges in court, repeal efforts in the stage Legislative Assembly, and even a statewide ballot initiative. North Dakota, by the way, also has a public bank and a state-owned flour mill, both founded shortly after World War I, so it’s kind of different.

Persons: Stacy Mitchell Organizations: Rite, Aid, Walmart, CVS Health, Institute for Local, Reliance Locations: Dakota, Fargo, Bismarck, Minot, Portland , Maine, North Dakota

☆ Opinion: Our possibly short national nightmare
▼ + stars: | 2024-01-21 | by ( Richard Galant | ) edition.cnn.com time to read: +19 min

“My fellow Americans, our long national nightmare is over,” President Gerald Ford said. “Our campaign is the last best hope of stopping the Trump-Biden nightmare,” the former UN ambassador said. If not, it won’t be as protracted a “national nightmare” as the two-year-long Watergate scandal that put Gerald Ford in the Oval Office. Though, depending on your point of view, the real nightmare could begin after the swearing-in. Yet, John Avlon wrote, Trump and some members of the House GOP, want to tank an emerging compromise in the Senate that would couple border security measures with aid to Ukraine.

Persons: CNN —, Richard Nixon, “, Gerald Ford, Ford, Gerald Ford’s, Nikki Haley, Joe Biden, Donald Trump, Clay Jones, we’ll, Haley, MAGA, ”, Frida Ghitis, Trump, ” Haley, ” Trump, Patrick T, Brown, Daniel McCarthy isn’t, Donald Trump’s, Ron DeSantis, Vivek Ramaswamy, ” Nick Anderson, Biden isn’t, Dean Phillips, Cupp, Biden, ” Dana Summers, Karen Finney, Robert E, Lee, ” Finney, ’, Keith Magee, Julian Zelizer, Trump Samuel L, Adams, King David Border, Adolf Hitler, “ Mein, Paul Moses, Edward Alsworth Ross, Moses, Ross, … ”, — Hitler’s, It’s, who’ve, John Avlon, Scott Stantis, Mike Johnson, Alice Driver, Greg Abbott’s, Jean Carroll, Bill Bramhall, News Trump, Carroll, Danielle Campoamor, “ Carroll, —, she’s, Shawn Crowley, Robert C, Gottlieb, ” “, Jack Ohman, Gerald Auten, David Splinter, Jordan McGillis, Thomas Piketty, Emmanuel Saez, Gabriel Zucman, McGillis, Melissa Kearney, ” Elise Gould, Josh Bivens, ” Elisabeth Kendall, Peter Bergen, ” Kendall, Sheena McKenzie, Izzeldin Abuelaish, Peter Rutland, Israel ’, Nafees Hamid, Walt Handelsman, Sara Stewart, Katherine Heigl, Jill Filipovic, Jeremy Allen White, J, Chen, Suzanne Nossel, Jade McGlynn, Holly Thomas, Estee Lauder, mascara, don’t, ” Thomas Organizations: CNN, Netflix, Trump, Biden, UN, New, Republican, Florida Gov, South Carolina Gov, GOP, Democratic, New Hampshire, Agency, Aggression, CNN Town Hall, American Sociological Association, ”, ified GOP, Texas Gov, News, Brookings, Social, Administration, US, Cambridge University’s Girton College, Wesleyan University, Palestine, Times Locations: Republic, Iowa, New Hampshire, Minnesota, New, Virginia, North Carolina, mealtimes, curriculums, America, Ukraine, New York, Manhattan, Yemeni, Red, Gaza, Israel, Americas

☆ Opinion: Teen obsession with skin care products isn’t a trend, it’s a warning sign
▼ + stars: | 2024-01-18 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +7 min

The closer you look at the teen (and even tween) skin care craze, the more blemishes appear. The modern rebranding of “beauty products” to “skin care” - reminiscent of that of “diets” to “lifestyles”- implies that simply leaving your skin alone is tantamount to negligence. In 2020, clinical skin care brand Murad enlisted high-school influencers to promote its rejuvenating serums on Instagram. Considering how many such products tend to feature in the average online skin care routine, the potential cost overall is breathtaking. The most worrying thing about today’s skin care craze isn’t just that the financial and emotional buy-in are completely out of proportion to the “need” being addressed.

Persons: Holly Thomas, Katie Couric, mascara, Holly Thomas Holly Thomas, don’t, tweens, “, ”, Murad, Nil Sani, Gen Z Organizations: Katie Couric Media, CNN Locations: London, TikTok

☆ The tween skin care craze: What is actually worth it?
▼ + stars: | 2024-01-12 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +7 min

“ The most preventive skin care product that anyone can use is sunscreen,” she added. That is why it might not be the best idea to try to curb a tween or teen’s skin care obsession by saying, “You shouldn’t care so much about skin care,” Hida said. It is also important to keep an eye on whether an interest in skin care is a normal part of self-exploration or a sign of deeper issues. Families are the experts on their kids, Hida said, and she suggests looking for signs like fixated worry over appearance or a rigid skin care regimen. Skin care itself isn’t concerning, but how a person responds to it is what determines whether it is healthy or not, Hida said.

Persons: CNN — Tweens, aren’t, “, Dr, Jodi Ganz, ”, Rahma, Javon Ford, “ We’ve, Jessica Weiser, Weiser, Ford, ” Weiser, Ganz, tweens, “ That’s, they’ve, ” Hida, Hida, ” Ganz Organizations: CNN, Boston Children’s Hospital, Harvard Medical School Locations: Atlanta , Georgia, Los Angeles, New York

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Review: Wells Fargo Active Cash card reviewInk Business Cash® Credit CardBest for office supplies Ink Business Cash® Credit Card Apply now lock icon An icon in the shape of lock. The Capital One Venture X Rewards Credit Card is a premium travel credit card that earns 2 Capital One miles per dollar on most purchases. Excellent, Good, Fair Pros Check mark icon A check mark. Annual Fee $0 Intro APR N/A Regular APR 20.49% Variable Intro Offer N/A Recommended Credit Excellent Pros Check mark icon A check mark.

Persons: Chase, —, takeout, cardholders, Cash, you'll, American Express cardholders, Wells, you've, It's, You'll, doesn't, Amex Organizations: Business, Citi, Bank, Amazon.com, Foods, Chase Travel, Amazon, Visa, FDIC, Chase, PayPal, American Express, Express, Disney, ESPN, Wells, Ink, Capital, One, Air, Turkish Airlines, Wyndham, Wholefoods, Card, Citi Best, EV, Costco, Costco.com, Cash, Cashback, Amex, Dell Locations: U.S, Hulu, Wells, Air Canada

☆ Walgreens stock plunges after drugstore chain slashes quarterly dividend nearly in half
▼ + stars: | 2024-01-04 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +5 min

Walgreens' dividend yield is now 3.9%, based on Wednesday's closing price. That's down significantly from its prior yield of more than 7%, which made the company the highest-paying dividend stock in the Dow Jones Industrial Average . Walgreens booked sales of $36.71 billion in the quarter, a roughly 10% jump from the same period a year ago. Walgreens is making significant investments to transform from a major drugstore chain to a large health-care company. Despite the quarterly beats, Walgreens reiterated its fiscal 2024 adjusted earnings guidance of $3.20 to $3.50 per share.

Persons: Tim Wentworth, Wentworth, Walgreens, Mario Tama Organizations: Walgreens, Dow Jones, CNBC, LSEG, Pharmacy, Getty Locations: U.S, Los Angeles , California

☆ Rite Aid is closing another 30 stores
▼ + stars: | 2023-11-29 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Rite Aid is closing another roughly 30 locations across the US in addition to the 100 the bankrupt chain announced last month as part of its restructuring efforts. Rite Aid will have about 2,000 stores remaining when both rounds of closures are complete. Rite Aid is in much worse financial shape than its competitors. Over the past six years, Rite Aid has tallied nearly $3 billion in losses and its stock is down more than 90% for the year. That has forced Rite Aid and its rivals to reduce its physical footprint in recent years.

Persons: didn’t, –, Kavilanz, Nathaniel Meyerson Organizations: New, New York CNN —, Nevada . Rite, Rite Aid, Amazon, Walmart, Target, Costco, Aid, Solutions, CVS, Walgreens, McKinsey Locations: New York, California, Pennsylvania, Ohio , Virginia, Washington, Michigan , New Jersey , Oregon, Connecticut , Maryland, Nevada

☆ Drugstore closures could make pharmacy deserts even worse
▼ + stars: | 2023-11-06 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +8 min

Pharmacy closures have been a problem for years. “You had a routine: You would go to a pharmacy that was geographically accessible — ideally affordable — was probably preferred for your health insurance plan. Thompson, who himself lives close to a pharmacy in the South Side, said there is now more pressure on remaining locations. But chain closures aren’t likely to lead to more business for independents, which face challenges apart from competition from national chains. Recently, pharmacy workers have been staging walkouts over working conditions they say put patients at risk.

Persons: drugstores, Jenny Guadamuz, ”, “, Guadamuz, Melvin Thompson, Thompson, We’re, Angus Mordant, Omolola Adepoju, University of Houston’s Tilman J, Douglas Hoey, PBMs, Hoey, JC Scott, ” Hoey Organizations: New, New York CNN, CVS, Walgreens, Aid, UC Berkeley School of Public Health, Health Policy, Management, Endelo Institute, Bloomberg, Getty, National Community Pharmacists Association, USC, University of, Fertitta Family College of Medicine, Rite, Walmart, Target, Pharmacy, Pharmaceutical Care Management Association Locations: New York, Chicago, United States

People walk by a CVS pharmacy store in Manhattan, New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCompanies CVS Health Corp FollowNov 1 (Reuters) - CVS Health Corp (CVS.N) beat Wall Street estimates for quarterly profit on Wednesday as strength in its drugstores and pharmacy benefit management business offset higher-than-expected medical costs at its insurance unit. CVS' medical benefit ratio, or the percentage of claims paid compared to premiums collected, was 85.7% in the third quarter, compared with analysts' estimates of 85.1%. CVS' pharmacy and consumer wellness segment recorded 6% revenue growth to $28.87 billion, boosted by higher drug prices and prescription volume. The company reported an adjusted profit of $2.21 per share, beating estimates of $2.13 per share, according to LSEG data.

Persons: Andrew Kelly, Julie Utterback, Mariam Sunny, Leroy Leo, Saumyadeb Chakrabarty, Vinay Dwivedi Organizations: REUTERS, CVS Health, CVS Health Corp, CVS, Morningstar, PBMs, Revenue, Walgreens, Thomson Locations: Manhattan , New York City , New York, U.S, United States, Bengaluru

Drugstore workers around the country started calling in sick Monday to highlight a lack of support from their employers, protest organizers said. She said organizers estimate that “at least hundreds” of pharmacists and technicians — mostly for Walgreens and other big retailers like CVS Health — were involved. Pharmacists say they have been dealing with difficult working conditions for years. Thibault said CVS Health is working to give its pharmacies room to schedule more staff. Ultimately, retail pharmacies need more staffing to avoid creating dangerous working conditions that lead to medication errors, Duong said.

Persons: drugstores, Lannie Duong, —, Fraser Engerman, Amy Thibault, walkouts, Duong, there’s, Shane Jerominski, ”, Jerominski, “ You’re, Thibault, Engerman, “ Organizations: Pharmacists, Walgreens, CVS, CVS Health, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: U.S, Kansas City, California

☆ As Rite Aid's bankruptcy shutters drugstores, these retailers will benefit
▼ + stars: | 2023-10-18 | by ( Pia Singh | ) www.cnbc.com time to read: +7 min

Rite Aid's bankruptcy is likely to be a bigger boost to retailers such as Walmart and Costco than it will be to other drugstore chains, according to UBS. And as drugstore closures accelerate, dollar stores may be able to scoop up some of the abandoned locations. Discount chains Dollar Tree and Dollar General could also benefit from drugstore closures. Dollar stores, in particular, could also expand into store fronts once operated by drugstore chains. For dollar stores, the real advantage will be the real estate left behind.

Persons: Michael Lasser, it's, Lasser, Stephen Buschbom, Buschbom, Gordon Haskett, we've Organizations: Walmart, Costco, UBS, Rite Aid, CVS Health, Walgreens, CVS, Kroger, Target, KR, Wall Street, FactSet, Albertsons, HSBC Locations: U.S

☆ Premarket stocks: What the Israel-Hamas war means for US markets
▼ + stars: | 2023-10-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Growing unrest in the Middle East has cast a shadow on global financial markets. Israeli stocks listed in New York and Tel Aviv have sunk to recent lows, underscoring the growing economic uncertainties in the war-torn region and leaving investors unsure of where markets go from here. Funds in the US hold more than $43 billion in Israeli stocks and bonds, according to a Bloomberg tracker. Big names, big exposure: As the war continues, businesses with headquarters, factories and inventory in Israel appear increasingly at risk to geopolitical turmoil. “If the war remains confined between Israel and Palestinians, it’s likely that the markets will forget about it after a few days,” he wrote.

Persons: ”, Steven Schoenfeld, Jamie Dimon, “, Benjamin Netanyahu, Raffi Boyadjian, Sam Stovall, Nathaniel Meyersohn, drugstores, David Silverman, Bill Ford, Vanessa Yurkevich, Ford, Jim Farley, Shawn Fain Organizations: CNN Business, Bell, New York CNN, Nasdaq, Funds, Bloomberg, Hamas, Bank of Israel, JPMorgan, Israel Innovative Technology, Mobileye, Tower Semiconductor, Teva Pharmaceutical, XM, CVS, Walgreens, Walmart, Fitch, Ford Motor Company, United Auto Workers, Big Three, UAW, Monday, Ford Locations: New York, Tel Aviv, New Jersey, Israel, United States, Canada, China, Ukraine, Kippur, Kuwait, Kansas City, drugstores, Rouge, Dearborn , Michigan

“They tend to close in these neighborhoods regardless of whether or not there is another pharmacy nearby,” Qato said. Closings can create so-called “pharmacy deserts,” or neighborhoods without easy access to a drugstore. “It’ll kind of worsen the problem of pharmacy deserts and disparities in pharmacy access,” Qato said. She noted that patients who lose drugstore access are less likely to stay on their regular prescriptions, and that can affect their health. Jonas said drugstores do want to help with pharmacy access, but the economics still need to work for these companies.

Persons: Dima Qato, ” Qato, Jeff Jonas, Jonas, drugstores, ”, Ted Shaffrey Organizations: East, Street, University of Southern, Gabelli Funds, Rite Aid, Associated Press, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: West, University of Southern California, Philadelphia, Virginia

☆ Drug retailer Rite Aid files for bankruptcy amid rising debt, opioid litigation
▼ + stars: | 2023-10-16 | by ( Abinaya V | ) www.reuters.com time to read: +2 min

A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. Rite Aid, which began as a thrift shop in 1962, became the third largest U.S. chain of drugstores in less than two decades with more than 2,000 retail stores in 17 states. Rite Aid had a total debt of $8.60 billion as of June 3, according to a filing with the U.S. Bankruptcy Court for the District of New Jersey, some of which is due in 2025. It said it will transfer employees at underperforming stores that would be closed to other locations where possible. Rite Aid joins several companies, including Mallinckrodt, that have filed for bankruptcy due to lawsuits over the U.S. opioid crisis.

Persons: Lucas Jackson, Jeffrey Stein, Elizabeth Burr, Leroy Leo, Abinaya Vijayaraghavan, Mariam Sunny, Simon Cameron, Moore, Arun Koyyur Organizations: REUTERS, Rite, U.S, Bankruptcy, District of, Aid, Thomson Locations: New York City , New York, U.S, United States, District of New Jersey, Bengaluru

☆ Why so many drug stores are closing
▼ + stars: | 2023-10-16 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

Now, they are closing thousands of stores, leaving gaps in communities for medicines and essentials. It comes amid walkouts by Walgreens pharmacists and technicians around the country and at CVS stores in Kansas City over low pay and understaffed stores. Drug store strugglesRite Aid’s bankruptcy reflects long-term struggles in the retail pharmacy industry. Walgreens and other drug stores have closed thousands of stores in recent years. But this strategy requires fewer brick-and-mortar retail stores.

Persons: Angus Mordant, Justin Sullivan, drugstores, ”, David Silverman, ” Silverman, Drugstores Organizations: New, New York CNN, Rite Aid, Bloomberg, Getty Images Rite, Walgreens, CVS, Walmart, Fitch, Aetna, Pharmacy, McKinsey . Rite, American Medical Association Locations: New York, Kansas City, drugstores

NEW YORK (AP) — Some Walgreens pharmacy staff walked off the job this week over concerns that working conditions are putting employees and patients at risk. Organizers on Tuesday estimated that more than 300 Walgreens locations — out of nearly 9,000 nationwide — were affected by walkouts planned for Monday through Wednesday. A Walgreens pharmacy manager who helped organize the walkouts told The Associated Press that teams were short-staffed and overworked, especially with the additional demands from the COVID-19 pandemic. Political Cartoons View All 1206 ImagesThe organizer said if Walgreens does not address concerns from pharmacy staff, more walkouts could happen at the end of the month. Walgreens spokesman Fraser Engerman said the company is listening to the employees' concerns.

Persons: walkouts, “, It’s, ”, “ It’s, Fraser Engerman, ” Engerman Organizations: Walgreens, Associated Press, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Kansas City

☆ Pepsi has long way to go to win Ozempic challenge
▼ + stars: | 2023-10-10 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +3 min

The purveyor of Gatorade and Cheetos boosted operating profit 14%, to about $4 billion, after hiking prices by at least 10% for the seventh consecutive quarter. The quantity of drinks and snacks sold is slumping, however, and anti-obesity drugs are just starting to make their mark. Pepsi’s shares have tumbled 14% since May, lagging the 5% gain in the S&P 500 Index (.SPX) over the same period. The head of Walmart’s (WMT.N) U.S. drugstores told Bloomberg that customers taking Ozempic, Wegovy and others are pulling back on junk-food purchases. The latest results from Pepsi quelled fears of any immediate impact, but also raise questions about the future.

Persons: Brendan McDermid, Eli Lilly, drugstores, Morgan Stanley, Boss Ramon Laguarta, Laguarta, Lay, Hugh Johnston, Jeffrey Goldfarb, Sharon Lam Organizations: REUTERS, Reuters, PepsiCo, Gatorade, Novo Nordisk, Bloomberg, Pepsi, Frito, Thomson Locations: New York City, U.S, Wegovy

Stores are starting their busiest time of year as customers look for help with colds and the flu. Some drugstores have addressed their challenges by adding employees at busy hours. Chris Adkins said he left his job as a pharmacist with a major drugstore chain a couple years ago because of the stress. Labor strife and staffing shortages in health care are not isolated to drugstores, as the recent Kaiser Permanente strike shows. All told, CVS touts in a pharmacy counter brochure that the company can offer more than 15 vaccines to customers.

Persons: haven’t, Chris Adkins, Adkins, ”, “, drugstores, Richard Dang, Dang, John Staed, Rosalind Brewer, Brewer, Jonathan Marquess, Marquess, Jen Cocohoba, ” Cocohoba, Josh Funk Organizations: University of Southern, California Pharmacists Association, Customers, CVS, Walgreens, Labor, Permanente, National Community Pharmacists Association, University of California San, AP, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group Locations: University of Southern California, Pelham , Alabama, Georgia, University of California San Francisco

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