Target is selling its 1,660 in-house pharmacies in 47 states to CVS Health for $1.9 billion in a deal that most observers are applauding as a win for both sides. They will be operated in a store-within-a-store format and branded as CVS/pharmacy.
Forget the somewhat so-so reviews and ignore the fact that first iteration is as old as "Groundhog Day," there's plenty of life left in those rampaging behemoths of the Jurassic period.
Whole Foods smaller, more affordable chain of shops will be called 365 by Whole Foods Market, the chain said Thursday, extending the numerals that define its more private-label goods to apparently convey that it's the same, but different.
With sales diving, customers carping about poor design and high prices, and analysts getting antsy about pinched revenue and profitability, J.Crew announced Wednesday that Somsack Sikhounmuong, who has led design for its Madewell brand for two years, will replace a departing Tom Mora as head of women's design for the J.Crew brand. It is also laying off 175 people, primarily at corporate headquarters in New York.
McDonald's yesterday named former White House Press secretary Robert Gibbs as its global chief communications officer and appointed Silvia Lagnado, who created the Dove "Campaign for Real Beauty" while she was at Unilever, as global chief marketing officer.
Reactions to Apple's announcement at its Worldwide Developer's Conference Monday that it was indeed launching Apple Music - which it positioned as a service that takes the best of what's already out there and adds a heaping does of its secret sauce - were generally favorable although some details about execution remain murky.
Like songs leaked on music-sharing site before their official release, the big news of the Apple Worldwide Developers Conference (WWDC) opening today has already been out there for days: It's launching its own streaming music service, reportedly called Apple Music. Then Sunday, during a q&a session at Billboard's Midem Music Industry Festival conference in Cannes, Sony Music chairman/CEO Doug Morris put the outro on the rumors. "It's happening tomorrow," he said.
A hearing room packed with supporters of the female libido pill flibanserin burst into applause yesterday when an advisory panel voted 18 to 6 to recommend its approval to the Food and Drug Administration. The FDA has twice before rejected the daily treatment over concerns about the risks of side effects such as low blood pressure, dizziness, nausea and sleepiness measured against what some see as minimal results in clinical trials but the company claims are "significant" improvements in desire.
Dish Network and T-Mobile US are talking deal in a combination that would link the No. 2 satellite TV enterprise with the No. 4 - and hard-charging - mobile operator, according to a report in the "Wall Street Journal" yesterday. Dish CEO Charlie Ergen would be chairman of the combined entity; T-Mobile CEO John Legere would be CEO.
After about three years of hush-hush development, Disney Consumer Products yesterday allowed beat journalists and analysts who had gotten a recent peek to reveal their inner child about a product line called Playmation - "the next step in the evolution of play, where digital gets physical and imagination becomes real."