Geoff Walden

New York

Executive Editor at Chain Drug Review

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Articles

Rite Aid to file for Chapter 11 for second time in two years

1 month ago | chaindrugreview.com | Geoff Walden

PHILADELPHIA — Rite Aid Corp. will again file for Chapter 11 bankruptcy protection, an internal company memo cited by Bloomberg says. The filing is coming in response to the company's inability to borrow more capital to keep operating the business, CEO Matthew Schroeder said in the memo. The retailer will also cut jobs at its corporate offices, the memo says.
NACDS Annual Meeting comes at pivotal moment

1 month ago | chaindrugreview.com | Geoff Walden

PALM BEACH, Fla. — The retail pharmacy industry is gathered here for the National Association of Chain Drug Stores Annual Meeting at a critical juncture. With the federal government still yet to act on PBM reform, and retailers facing mounting competition from online companies and other trade classes, meeting attendees will have much to contemplate. At the same time, the gathering will provide the reassurance of a traditional annual industry highlight, including the NACDS chairmanship succession.
Leger exiting Shoppers Drug Mart

1 month ago | chaindrugreview.com | Geoff Walden

TORONTO — President Jeff Leger is leaving Shoppers Drug Mart to head another company. Leger, who did not identify the company, wrote on LinkedIn that he would be joining it as CEO in early July. He called his nearly 17 years at Shoppers "a fantastic journey of constant learning and growth." He called Shoppers and parent Loblaw Cos.
Why consumer experience is clinically important in health care

Feb 12, 2025 | chaindrugreview.com | Thorvardur de Shong |Geoff Walden

WOONSOCKET, R.I. — Consumers should feel confident in those who care for them and help support their health, whether they’re seeing a provider, visiting their local pharmacy, or contacting a care manager. Trust and confidence build when people feel heard and receive care and support built on compassion, connection and dependability.
CVS Health's Q4 sales, earnings top estimates

Feb 12, 2025 | chaindrugreview.com | Geoff Walden |Thorvardur de Shong

WOONSOCKET, R.I. — CVS Health topped Wall Street's projections for fourth quarter sales and profits. The company posted adjusted earnings per share of $1.19 per share, beating analysts' forecast of 93 cents. Revenue for the quarter rose 4.2% from a year earlier to $97.71 billion, exceeding the expected $97.19 billion.
Hy-Vee brings back Market Grille restaurants with new food offerings

Jan 21, 2025 | chaindrugreview.com | Bill Schiffner |Geoff Walden

WEST DES MOINES, Iowa — Hy-Vee Inc. will transition all its in-store restaurants across the Midwest to Hy-Vee Market Grille locations focused on breakfast and burgers, the retailer said on Monday. Beginning February 4, all Hy-Vee restaurants will offer a new breakfast menu, and a new lunch and dinner menu will roll out throughout the month.
Regional Chain of the Year award goes to Thrifty White

Jan 20, 2025 | chaindrugreview.com | Bill Schiffner |Geoff Walden

MAPLE GROVE, Minn. — Thrifty White Pharmacy has a rich history spanning 140 years. Founded in 1884 in Jamestown, in what was then the Dakota Territory, the company has grown from a single pharmacy into a comprehensive health care provider across the Midwest. Today, the company operates over 90 locations throughout Minnesota, Montana, North Dakota, South Dakota, Wisconsin and Iowa.
Walmart’s Clare is top merchant

Jan 20, 2025 | chaindrugreview.com | Geoff Walden

BENTONVILLE, Ark. — Walmart wants to be the one-stop shop of choice for customers’ health and wellness needs, says Ralph Clare, the company’s senior vice president of merchandising for health and wellness and consumables. “It’s incredibly important for us to be able to provide the full assortment of goods for any need state in our customers’ health journey,” he says.
Azar to be keynote speaker at AAM Annual Meeting

Dec 11, 2024 | chaindrugreview.com | Geoff Walden

WASHINGTON — Former Department of Health and Human Services secretary Alex Azar will be a featured keynote speaker at the Association for Accessible Medicine's Access! 2025 Annual Meeting. The gathering is set for the Ritz-Carlton on Amelia Island, Fla. from Feb. 3-5. A visionary leader with a career dedicated to advancing healthcare, Azar spearheaded transformational initiatives like Operation Warp Speed and groundbreaking healthcare reforms.
Ports prepare for record imports amid threats of strikes and tariffs

Dec 9, 2024 | chaindrugreview.com | Geoff Walden

NEW YORK — The nation’s busiest container ports are bracing for a surge in imports as retailers scramble to outpace looming disruptions from a potential strike and higher tariffs under President-elect Donald Trump’s incoming administration. According to the Global Port Tracker report from the National Retail Federation (NRF) and Hackett Associates, the rush to frontload goods could drive record import volumes through the spring.