Maria Alessio loved working for Walgreens Boots Alliance, especially because of the pharmacy chain’s benefits. She decided to retire in last fall at age 61 because she could no longer take standing all day filling prescriptions. She and her fellow pharmacists traveled to Italy to celebrate. Then, days after she [...]
Health care is moving closer to patients. Drugstores are expanding the care and support they offer, and telemedicine is bringing doctors and therapists to the family room couch as the system shifts to help people stay healthy and attract customers who want convenience. CVS Health offered the latest example on [...]
The Kroger Co. plans to pilot a reusable packaging system for leading consumer brands in an exclusive grocery retail partnership with Loop US LLC, a circular online shopping platform developed by waste management firm TerraCycle. Kroger, along with retail pharmacy chain Walgreens, will be the first U.S. retailers to employ [...]
Retailers are testing out smart shelves and coolers with penny-sized cameras that collect information on shoppers and their purchases, according to the Associated Press. The technology is aimed at personalizing the shopping experience, but also raises questions about customer privacy. Kroger has placed cameras in two stores near Cincinnati and [...]
Walgreens is changing the benefits it offers employees and eliminating health insurance for most of its eligible retirees, just months after announcing it would boost hourly wages for store employees. Starting in 2019, employees of the drugstore chain won't qualify for paid time off unless they work at least 30 [...]
Amazon has shelved plans to become a wholesale distributor of prescription drugs due to the cost and complexity, CNBC reported. The news lit a fire under shares of beaten-down drug retailers and distributors. CVS Health (CVS) shot up 4.2% and Walgreens Boots Alliance (WBA) jumped 3.8% on the stock market [...]
A federal judge on Friday ordered Walgreen Co to face most of a proposed class action lawsuit accusing the drugstore chain of fraudulently overcharging customers for a decade when they bought generic drugs through private insurance, Medicare or Medicaid. Walgreen was accused of wrongly requiring insured customers to pay more [...]
Walgreens said Wednesday that it will shutter 600 stores early next year following its $4.4 billion Rite Aid deal. The closures will be mostly Rite Aid stores, but may include some Walgreens locations, per Crain’s Chicago Business. Both brands have several locations in the Sacramento area. The company plans to shut down stores within a [...]
From the beginning, starting in October 2015 when the merger plan was first announced, Walgreens Boots Alliance CEO Stefano Pessina has been adamant about making the deal happen, and the companies have been sweetening the pot in recent months to move along the process. Speaking to analysts in January, Pessina said [...]
The deal with Fred’s came as a surprise to some analysts from the get-go because it wasn’t clear how the smaller pharmacy chain would get the money. Without the viability of that deal, there may not be enough competition in the drugstore space to ease the FTC’s antitrust concerns. “We’re [...]