Target Leadership Changes | BJ’s +Clubs | Open Call Until 7/15
Hidden Markups at Mail-Order Pharmacies Make Drugs More Costly for Employers at WSJ. “Unity Care NW, a nonprofit health clinic in Washington state, forecasts the cost of medical and drug benefits for its 365 employees and their family members will increase this year by 25%…A big reason: Drugs delivered by mail are costing multiples more than those picked up at a store counter. Markups were as much as 35 times higher than what other pharmacies charged, according to a recent analysis of millions of prescriptions in Washington state.” WSJ subs.
Target Announces Return of Target Circle Week July 7-13 with Savings Up to 50% Off Thousands of Items Press release
Amazon to hold Prime Day sales on July 16 and 17 at TechCrunch
Target Announces Updates to Leadership Team “…has named Christina Hennington, currently chief growth officer, as chief strategy and growth officer, and Rick Gomez, currently chief food, essentials and beauty officer, as chief commercial officer, overseeing Target’s merchandising business, both effective July 7. Lisa Roath, Target’s chief marketing officer, will take on the role of chief merchandising officer of food, essentials and beauty in early 2025. The company is initiating an external search for its next chief marketing officer…” Press release
Millennials’ fast-fashion favorite Forever 21 can’t keep up with Shein’s meteoric rise at Fortune/Yahoo. “The value of that business to Shein, as an owner of a third of the parent company, might not be so compelling as it was a few years ago,” he told Fortune…He could see Shein letting the option to continue its in-store partnerships with Forever 21 essentially fizzle out and expire…” Read more
Walmart Expands Free HIV Screenings to 18 Pharmacies in Colorado and Virginia Press release
Why Walmart broke up with Capital One—and the dark horse bank set to benefit at Fortune/Yahoo. “According to Cristopher Kennedy of William Blair, a fourth, dark horse candidate already among Walmart’s existing stable of banks is Austin-based Green Dot Corp., a holding company that owns Green Dot Bank, which has a network of thousands of retailers, including Walmart, Apple, and Uber. Subprime account holders and others can buy pre-paid cards purchased at Walmart and other network locations, and similar to when visiting a bank branch, top them up and make withdrawals directly with the Walmart cashier.” Read more
BJ’s Wholesale Club Announces Newest Locations in Hanover Township, New Jersey, and Southern Pines, North Carolina Press release
Walmart Launches Application Period for Open Call 2024 “Applications are open until July 15, 2024. Open Call is central to Walmart’s $350 billion commitment to bolster U.S. manufacturing by sourcing shelf-ready products that are made, grown or assembled in the U.S. Open Call 2024 will be held on September 24 and 25.” Press release
Finland to start bird flu vaccinations for humans, in world first at Reuters
Target taps Shopify to add sellers to its third-party marketplace at CNBC. “In an interview with CNBC, Target Chief Guest Experience Officer Cara Sylvester said Shopify will help the retailer discover hot items and quickly make them available for Target’s online shoppers. She said Target plans to put some popular items discovered through the Shopify deal on store shelves.” Read more
Report: Amazon developing AI chatbot that would compete with ChatGPT and others at GeekWire