GiftCard Partners Blog

The B2B gift card market is ever changing, especially in the Business-to-Business or B2B sector of the market. The B2B sector, which includes third party gift cards, loyalty and incentive programs, corporate wellness and more, now stretches to make up a significant piece of the gift card market.

Recently, in a bold move, CVS Health quits Chamber of Commerce. The decision to quit came after revelations that the chamber is undertaking a global lobbying campaign against antismoking laws. Last year, CVS Health declared their mission to increase public health by discontinuing tobacco sales chain wide.

The first trulyomnichannel auto repair system is upon us as AutoZone partners with Openbay. The partnership, launching this month, will allow consumers (beginning in the Boston area) to comparison shop service and maintenance packages with local repair shops for their specific vehicles. The service combines AutoZone store parts with Openbay's online marketplace for auto repair. Learn more details about the partnership on Openbay's blog. The partnership enables true omnichannel retailing from both parties, combining the online comparison shopping enabled by Openbay and the in-store experience consumers have come to know and depend on for both parts and service from AutoZone.

CVS Health and Target Corporation recently entered into a definitive agreement for CVS Health to acquire Target’s pharmacy and clinic businesses. CVS Health is set to acquire Target’s more than 1,660 pharmacies across 47 states and operate them through a store-within-a-store format, branded as CVS/pharmacy. Target’s nearly 80 clinic locations will be rebranded as MinuteClinic, while CVS Health will open 20 new clinics in Target stores within 3 years of the acquisition being completed. These new clinics will be part of CVS Health’s overall plan to operate 1,500 clinics by 2017. CVS Health and Target plan to develop five to ten small, flexible format stores over a 2-year period as well, branded as TargetExpress and will include a CVS/pharmacy. This relationship will bring together two of the top retailers in the U.S. The complementary strengths, brands, and cultures will enhance the health care experience for Target shoppers while expanding CVS Health’s retail presence in new markets. This will allow CVS Health to reach more patients, and with their proven success of growing its business, the relationship is expected to benefit Target’s long-term traffic and sales growth. Target will center on continuing to deliver products and experiences to help guests eat well, be active, and find natural and clean label products. Read more about this exciting acquisition from the CVS Health Newsroom!