Content about Eastern United States

May 13, 2014

The Vermont state legislature has voted to raise the minimum wage in the state from $8.73 an hour to $10.50 an hour.

Montpelier, Vt. – The Vermont state legislature has voted to raise the minimum wage in the state from $8.73 an hour to $10.50 an hour. The increase will occur gradually during a four-year period and Vermont Gov. Peter Shumlin is expected to sign the bill.

“We're raising the minimum wage higher in each of the next four years, joining a growing number of states nationwide that are moving on their own in the face of congressional inaction," Gov. Shumlin said in a prepared statement.

May 2, 2014

Net income at CVS Caremark Corp. increased 18.3% to $1.1 billion in the first quarter of fiscal 2014, compared with approximately $1 billion a year earlier.

Woonsocket, R.I. – Net income at CVS Caremark Corp. increased 18.3% to $1.1 billion in the first quarter of fiscal 2014, compared with approximately $1 billion a year earlier. Pharmacy services and retail pharmacy segments both benefited from the impact of increased generic drugs dispensed and slower growth in expenses.

January 28, 2014

Brookshire Grocery Company has deployed the cloud-based Retail 20/20 exception reporting solution from Agilence, Inc. to reduce shrink and improve in-store operations.

Tyler, Texas -- Brookshire Grocery Company has deployed the cloud-based Retail 20/20 exception reporting solution from Agilence, Inc. to reduce shrink and improve in-store operations. Brookshire Grocery Company operates 152 stores in Texas, Louisiana, and Arkansas.

January 17, 2014

CVS Caremark has completed the acquisition of Coram LLC, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group Inc.

Woonsocket, R.I. – CVS Caremark has completed the acquisition of Coram LLC, the specialty infusion services and enteral nutrition business unit of Apria Healthcare Group Inc. Coram cares for approximately 165,000 patients annually and has 4,600 employees, including 600 nurses, 350 pharmacists and 250 dietitians, operating primarily through 85 branch locations and six centers of excellence for patient intake.

December 10, 2013

CVS Caremark and Cardinal Health have entered into an agreement to form the largest generic sourcing entity in the United States.

Woonsocket, R.I. -- CVS Caremark and Cardinal Health have entered into an agreement to form the largest generic sourcing entity in the United States.

Both companies are contributing their sourcing and supply chain expertise to this 50/50 joint venture and are committing to source generic drugs through it. The companies separately announced a three-year extension through June 2019 of Cardinal Health's existing pharmaceutical distribution agreements with CVS Caremark.

February 11, 2013

CVS Caremark said it has named Brian Tilzer as SVP, chief digital officer for the drugstore chain.

Woonsocket, R.I. -- CVS Caremark said Monday it has named Brian Tilzer as SVP, chief digital officer for the drugstore chain.

Tilzer, previously SVP global e-commerce for Staples, is charged with developing and leading CVS digital innovation efforts and connecting current and future digital initiatives.

 

December 13, 2012

CVS Caremark executives expressed optimism going into 2013 and outlined its strategic growth framework during its annual Analyst Day held on Thursday in New York City.

Woonsocket, R.I. -- CVS Caremark executives expressed optimism going into 2013 and outlined its strategic growth framework during its annual Analyst Day held on Thursday in New York City.

November 6, 2012

CVS Caremark Corp. reported that net income for the quarter ended Sept. 30 jumped 16% to $1.01 billion, compared with $868 million in the year-ago period.

Woonsocket, R.I. -- CVS Caremark Corp. reported Tuesday that net income for the quarter ended Sept. 30 jumped 16% to $1.01 billion, compared with $868 million in the year-ago period. Results were boosted by a 13.3% increase in revenue to $30.2 billion, which edged Wall Street’s forecast of $30.09 billion in revenue.

Drugstore revenue rose 5.5% to $15.5 billion, and same-store sales climbed 4.3%, helped by the influx of Walgreens customer who switched to CVS during the split between Walgreen Co and Express Scripts Holding Co.

June 30, 2008

The CBRL Group, owner of the Cracker Barrel Old Country Store restaurants, reported same-store sales...