Source: The New York Times Walgreens plans to close about 1,200 stores over the next three years, its parent company said on Tuesday, in an effort by the struggling pharmacy giant to cut costs and change focus. The chain, which is owned by Walgreens Boots Alliance, announced the closures in [...]
By Robin Erb Source: Bridge Michigan The final Rite Aid locations are officially slated for closing in a new set of bankruptcy documents. Notices of intent to close 38 Michigan stores were filed Aug. 2, 5 and 9, wrapping up the final list of Rite Aids locations in Michigan. “All [...]
By Lynn Petrak Source: Progressive Grocer Walgreens Boots Alliance (WBA) has some of its own health issues to attend to, in terms of its business well-being. The retailer lowered its earnings guidance for the rest of the fiscal year and announced plans to shutter potentially thousands of stores within its [...]
By Bill Wilson Source: Supermarket News Over the last two weeks, some Walgreens pharmacists and a group of CVS pharmacists in Kansas City have walked off the job due to an ongoing overwhelming work environment, and now there might be a much larger protest in the works, reports CNBC. Walgreens [...]
By Bill Wilson Source: Supermarket News Walgreens CEO Roz Brewer is stepping down as the leader of the Northbrook, Ill.-based company and will also no longer be a member of the board of directors. Ginger Graham, the lead independent director of Walgreens Boots Alliance, will now serve as interim CEO [...]
By Ramishah Maruf Source: CNN Walgreens expects to close 150 locations in the United States and 300 locations in the United Kingdom, Walgreens Boots Alliance CFO James Kehoe said in the company’s earnings call this week. The pharmacy chain reported lower earnings on Tuesday compared to the same quarter last [...]
By Jan Hoffman Source: The New York Times CVS and Walgreens, two of the nation’s largest retail pharmacy chains, said on Wednesday that they had reached tentative agreements to pay about $5 billion each to settle thousands of lawsuits over their role in the opioid crisis. The companies made the [...]
By Jan Hoffman Source: The New York Times A federal jury in Cleveland on Tuesday found that three of the nation’s largest pharmacy chains — CVS Health, Walmart and Walgreens — had substantially contributed to the crisis of opioid overdoses and deaths in two Ohio counties, the first time the [...]
By Russell Redman Source: Supermarket News Walgreens has expanded its on-demand delivery options to include less-than-two-hour service for retail products. The drugstore giant said Tuesday that customers nationwide can now shop from more than 24,000 items online directly from Walgreens.com or via the Walgreens mobile app and receive same-day home [...]
Source: Supermarket Guru CVS and Walgreen’s started building their new stores with about 50% of their area devoted to foods – including healthier offerings When most people think of buying foods at a drug chain it’s typically about the milk (where prices are usually lower than those in the supermarket) [...]