Retail
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Gasoline prices rose again in Rhode Island and Massachusetts this week, mirroring an increase in the national average, according to the weekly survey by AAA Southern New England. more
It’s a store layout as familiar to New Englanders as the bright, red CVS signs dotting retail strips across the region: medicine at the back of the store, cigarettes and candy at the checkout. more
CVS Caremark Corp., the largest provider of prescription drugs in the U.S., posted fourth- quarter profit that topped analysts’ estimates as pharmacy sales rose on new medicines and new customers. more
Gasoline prices rose 2 cents in both Rhode Island and Massachusetts this week, ending four consecutive weeks of declines, according to the weekly survey by AAA Southern New England. more
Walking away from $2 billion in sales seems like a pretty bold risk for any company, even one that posted $123 billion in revenue in 2012 (and is likely to at least match that in 2013 when it reports results this week). But that is just what CVS Caremark Corp. has done by making the decision to stop selling tobacco products in its retail locations by Oct. 1. more
WOONSOCKET – CVS Caremark Corp. will stop selling tobacco products at its 7,600 retail stores nationwide by Oct. 1 this year, the pharmacy chain announced last week. more
CVS Caremark Corp. will stop selling tobacco products at its 7,600 retail stores nationwide by Oct. 1 this year, the pharmacy chain announced Wednesday. President and CEO Larry Merlo said the decision was “the right thing to do,” even though the company expects to lose approximately $2 billion in annual revenue after pulling tobacco products. more
Walgreen Co., armed with a new patent, sued Rite Aid Corp., CVS Caremark Corp. and Shopko Stores Inc., claiming they’re misappropriating its technology for refilling prescriptions with mobile-phone scanners. more
Growing lavender on Garman Organic Farm in Middletown beginning this spring is one more step in the expansion of Farmaesthetics that founder Brenda Brock delights in, as her line of green, sustainable skin care products continues to blossom. more
The nonprofit Libraries of Foster would get a new home under a developer’s plan to build the town’s first-ever shopping complex. The project, called Simmons Crossing, would include a new library, restaurant, grocery, small post office and other shops near the Route 6 and Route 94 intersection. Above is librarian Kristine Chin, left, and developer Ann Valentine, in front of one of the town’s two library sites, on Howard Hill Road. The town must still raise money to help build the library, estimated to cost $3 million. more
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