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Walgreens Boots Alliance, Inc.

  • With Rite Aid deal on track, Walgreens Boots Alliance Q3 sales hit $29.5 billion

    Walgreens Boots Alliance reported climbing sales and profits in a generally successful third quarter of fiscal 2016.  

  • Walgreens cuts store closure estimate

    Walgreens Boots Alliance may not have to shutter as many stores in the wake of its planned merger with Rite Aid as it once thought.   

  • Rite Aid disappoints

    Rite Aid Corp. reported disappointing first-quarter earnings and sales results in its first quarter amid pressure on pharmacy reimbursement rates.   The chain reported a loss of $4.6 million for the quarter ended May 28, after reporting a profit in the same period a year earlier. Excluding certain items, adjusted net income was $14.5 million, or 1 cent per diluted share, compared with 2 cents a year earlier.   The results fell short of Wall Street expectations.   

  • Plenty of room for women at the top in retail

    A Swedish retail giant that excels in fast-fashion is also a leader when it comes to breaking the glass ceiling. But a U.S. merchant is not that far behind.   

  • Walgreens shuffles executive ranks

    Walgreens Boots Alliance is making a number of changes to its senior management roles and responsibilities as part of what the company is calling the “next phase of evolution.”
     
    Alex Gourlay, executive VP of Walgreens Boots Alliance and president of Walgreens, and Ornella Barra, executive VP of Walgreens Boots Alliance and president and chief executive of global wholesale and international retail, have been appointed to the role of co-CEOs.
     

  • Rite Aid expands supply chain infrastructure in South Carolina

    It’s been a long time, but Rite Aid Corp. is opening a new distribution center.

    Located in Spartanburg, South Carolina, the facility is the company’s first new distribution center in 16 years. Rite Aid is currently awaiting regulatory approval for a proposed $17.2 billion merger with Walgreens Boots Alliance.

  • Rite Aid fiscal 2016 year-end revenue exceeds $30 billion for first time

    Rite Aid on Friday reported revenues of $8.3 billion for its fourth quarter ended Feb. 27, representing an increase of 20.8%. Retail Pharmacy Segment revenues were $6.8 billion and decreased 0.3% compared to the prior year period primarily as a result of a decrease in same-store sales. Pharmacy Services Segment revenues were $1.5 billion.
     

  • Q2 sales for Walgreens U.S. division up 2.1% despite soft flu season

    Walgreens Boots Alliance on Tuesday announced an increase of 13.6% in net sales to $30.2 billion for the second quarter ended Feb. 29, 2016, compared with the same quarter a year ago, largely due to the full consolidation of Alliance Boots for the entire quarter this year. Foreign currency translation adversely impacted sales by approximately $750 million or 2.4%.

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