Walgreen Co.

Deerfield, Ill. -- Walgreen Co. said that its same-store sales fell 7% in July as its split with Express Scripts continued to hurt its top line. (The two companies last month reached an agreement to resume doing business, but that doesn't start until Sept. 15.)

The company's pharmacy same-store sales were down 9.7%, while front end sales fell 2.4%. The performance missed analyst expectations.
 

Deerfield, Ill. -- Walgreens and Alliance Boots on Thursday announced the completion of Walgreens initial investment in the strategic partnership following receipt of all required regulatory approvals.

The Walgreens investment consists of approximately $4 billion in cash and 83.4 million shares of Walgreens common stock in exchange for a 45% equity stake in Alliance Boots. Walgreens has the option to proceed to a full combination in approximately three years’ time by acquiring the remaining 55% of Alliance Boots.

Deerfield, Ill. -- After months of slumping sales following its split with Express Scripts Holding Co., Walgreens said it has forged a new multi-year contract with the prescription provider and will begin filling Express Scripts prescriptions on Sept. 15.

Walgreen had stopped filling prescriptions for Express Scripts after a contract between the companies ended last year. Express Scripts ended the contract because it said Walgreens wanted a premium compared to what Express Scripts paid other pharmacies.

Palo Alto, Calif. -- Mobile retail navigation service aisle411 said Tuesday that it is rolling out its virtual mapping and navigation smartphone app for use in Walgreens’ 7,907 drug stores nationwide.

The service will allow Walgreens shoppers to use their smartphones to view maps of any Walgreens store and to locate products down to a particular section of each aisle.

Walgreens is the first national retailer with all of its stores mapped in a mobile application.

New York -- In an effort to reduce vehicle air pollution, Duane Reade, in partnership with Mission Electric, is asking New Yorkers to help determine which of the chain’s stores should be served solely by electric trucks. Combined, more than 30 stores have been identified as electric truck ready in the city’s boroughs of Queens, Bronx, Brooklyn, and Manhattan.

DEERFIELD, Ill. — Walgreens on Thursday named James Skinner, Walgreens board member since 2005 and recently retired McDonalds CEO, as the new nonexecutive chairman of the board of Walgreens. Skinner will succeed Al McNally, who has served on the Walgreens board since 1999 and as nonexecutive chairman since 2009. McNally will continue serving on the Walgreens board.

Deerfield, Ill. -- Walgreens said Thursday that it has named retired McDonald’s CEO James Skinner as its new non-executive chairman of the board.

Skinner has served on the Walgreens board since 2005. He will succeed Al McNally, who has been non-executive chairman since 2009.

Walgreens said the change "is consistent with its board of directors succession and rotational planning process."
 

Deerfield, Ill. — Walgreens on Tuesday extended its innovation in mobile technology with the introduction of a developer portal that allows third-party software developers to integrate the Walgreens QuickPrints software development kit, enabling photo printing directly from iPhone and Android mobile devices.