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Walgreen Co.

  • Walgreen Q1 profit falls 4.5%, misses Street

    Deerfield, Ill. -- Walgreen Co. reported Wednesday that profit for the quarter ended Nov. 30 dropped 4.5% to $554 million, compared with $580 million in the year-ago period. The drugstore operator cited a slow flu season and the decision to leave Express Scripts pharmacy network among the reasons for the performance dip.

    Revenue for the quarter climbed 4.7% to $18.16 billion – a chain sales record – but missed Wall Street’s forecasted $18.24 billion in revenue. Total same-store sales rose 2.5%; front-end comps increased 2.4%.

  • Walgreens steadfast in its resolve to move on without Express Scripts

    DEERFIELD, Ill. — As Walgreens prepares for life outside of the Express Scripts pharmacy network, executives over the course of a Wednesday morning first-quarter conference call continued to maintain they, along with healthcare payers and employers, will be better off for it.

  • Duane Reade to unveil unique offerings at 52nd and Broadway location

    NEW YORK — Duane Reade is set to put its signature “New York Living Made Easy” vision on full display on Friday with the unveiling of its expanded store located at 1657 Broadway in New York.

    The new 24-hour location, which opened Friday, will serve as an amplification of the retailer’s continued rebranding and aggressive transformation initiatives to date.

  • Duane Reade unveils expanded store format

    New York City -- Duane Reade, a division of Walgreens, spotlights its “New York Living Made Easy” format on Friday with the unveiling of its expanded store located at 1657 Broadway in New York.
    The new 24-hour location reflects the chain’s focus on rebranding and aggressive transformation initiatives to date.

  • Walgreens rolls out Web Pickup service

    Deerfield, Ill. -- Walgreens said Tuesday it has introduced online ordering and in-store pickup at 70+ stores in the Indianapolis market, with some stores offering curbside delivery.

    The new Web Pickup service throughout the Indianapolis area is the second full market rollout for the service, which enables consumers to shop online at Walgreens.com and pick up orders at a Walgreens store in as little as an hour. The service is also currently available throughout Chicago and at a number of stores in San Jose, Calif.

  • Walgreens touts Redbox movie rentals giveaway

    DEERFIELD, Ill. — Walgreens will reward 1 million customers at its stores nationwide on Thanksgiving Day with a free one-day Redbox DVD rental, the drug store chain announced.

    The DVD rental, which will be given to the first 130 customers (not including prescription purchases) at the chain's more than 7,700 locations, will be valid at all Walgreens Redbox locations from Thanksgiving Day through Dec. 24.

  • Walgreens on Black Friday will unveil largest retail mobile coupon program

    DEERFIELD, Ill. — Walgreens on Thursday added scannable coupons to its mobile applications, with exclusive discounts to its smartphone customers, beginning on Black Friday.

    Coupons will range in value from 50 cents to $5 and will be good toward a variety of products, including beauty items, gifts, consumables and everyday essentials, such as diapers. Scannable coupons provide optimal convenience with no clipping or printing required. Cashiers simply scan a coupon straight from a user’s smartphone.

  • Walgreens names exec additions to pharmacy, health and wellness division

    Deerfield, Ill. -- Walgreen Co. said Tuesday it has added two executives to its pharmacy, health and wellness division.

    Dr. Jeffrey Kang will join the company on Oct. 31 as senior VP health and wellness services and solutions.

    In addition, Mike Ellis has joined Walgreens as VP specialty pharmacy and infusion.

    Most recently, Kang was chief medical officer at CIGNA. Ellis has served as senior VP specialty trade relations and contracting and pharmaceutical services for CVS Caremark.

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