Walgreen Co.

June was a good month for two of the nation’s largest drugstore operators. Walgreens reported sales of $6.3 billion for the month, an increase of 8.9% as compared to the same month in fiscal 2013, while Rite Aid realized a 3.9% same-store sales increase for the four weeks ended June 28.

Total front-end sales at Walgreens increased 1.8% in June compared with the same month in fiscal 2013, while comparable store front-end sales increased 1.3%. Customer traffic in comparable stores decreased 2% while basket size increased 3.3%.
 

Deerfield, Ill. – Same-store sales at both Walgreens and Rite Aid increased in June, compared to the same period a year earlier. Same-store sales grew 7.5% at Walgreens and 3.9% at Rite Aid.

Calendar day shifts helped boost same-store sales at Walgreens, while the introduction of new generic drugs had a negative impact. In addition, Walgreens had June sales of $6.28 billion, an increase of 8.9% from $5.77 billion for the same month in fiscal 2013.

Deerfield, Ill. -- Walgreens opened a two-story, flagship in the north tower of  Chicago’s iconic Wrigley Building on June 25.

A unique design, the store’s gradient color pattern and indirect lighting features complement the building’s exterior. A mosaic floor motif of the building’s famous clock welcomes customers as they enter off of Michigan Avenue.

Walgreens has opened a new two-story, flagship drugstore in the north tower of Chicago’s iconic Wrigley Building.

Assisted by 42nd Ward Alderman Brendan Reilly, representatives from the Magnificent Mile Association, Chicagoland Chamber of Commerce and others, Walgreens executives marked the 27,800-sq.-ft. store’s opening with a ceremonial ribbon cutting.

Washington, D.C. - CVS Caremark and Walgreens have both been honored by the National Business Group on Health, a non-profit association of large U.S. employers, for promoting a healthy work environment and encouraging employees and their families to maintain healthy lifestyles. CVS Caremark received a Gold Award for its WellRewards employee wellness program, while Walgreens received a gold award for its “You and Walgreens” company wellness program.

Deerfield Park, Ill. – A 16% year-over-year jump in third quarter profit still missed Wall Street estimates, causing Walgreen Co. to withdraw previously issued fiscal 2016 guidance. During the third quarter of fiscal 2015, Walgreen reported net earnings of $722 million, up 16% from $624 million in the same period the previous fiscal year.

Walgreens reported a 16% year-over-year jump in third quarter profit, but was forced to withdraw its previously issued fiscal 2016 guidance because it missed Wall Street estimates.

The company’s net earnings for the quarter were $722 million compared to $624 million in the prior-year period. Net sales increased 6% to $19.4 billion from $18.3 billion, while same-store sales increased 4.8%.

By Eric Larson, Chief Revenue Officer, HelloWorld

The retail industry has experienced a massive shift in recent years, with mobile and social technology bringing both change and opportunity in how consumers research, browse and buy. With today’s new level of price transparency, and the competition always just a tap away, retailers are feeling the pressure.