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Articles for Walgreens

Walgreens tops Wall Street’s expectations as drugstore chain continues turnaround plan
23 hours, 25 minutes ago

Walgreens tops Wall Street’s expectations as drugstore chain continues turnaround plan

Associated Press  

Walgreens booked a better-than-expected fiscal first quarter, but the drugstore chain lost $265 million as it closed U.S. stores and continued work to revive its business. Walgreens Boots Alliance Inc. also runs nearly 3,700 international stores, with locations in the United Kingdom, Mexico, Thailand and Ireland. In the fiscal first quarter, Walgreens recorded adjusted earnings per share of 51 cents. …

Company Share Walgreens
Why it seems like all of America’s chains are closing
1 week, 2 days ago

Why it seems like all of America’s chains are closing

CNN  

New York CNN — The retail store apocalypse stormed back in 2024. Bigger chains can buy larger quantities of goods at a steeper discount than smaller players, and they can put vast sums of money into technology and store improvements that even medium-sized retailers can’t afford. Brutal year for the middle The rise in store closures this year harkens back …

Retail Bankruptcy Filed Tariffs Retailers Consumers Store
Walgreens is in particularly awful shape
4 weeks, 2 days ago

Walgreens is in particularly awful shape

CNN  

New York CNN — Drug stores around the United States are struggling. Walgreens has slipped behind CVS because it’s smaller than CVS, giving it less scale to negotiate prices with insurers and other health care entities that pay for most of the prescriptions people pick up. Walgreens is also more reliant on filling prescriptions through its pharmacy business and selling …

Business Health Cvs Pharmacy Walgreens Pbm
Refreezing the Arctic, health care horror stories, holiday stress: Catch up on the day’s stories
4 weeks, 2 days ago

Refreezing the Arctic, health care horror stories, holiday stress: Catch up on the day’s stories

CNN  

Editor’s Note: CNN’s 5 Things newsletter is your one-stop shop for the latest headlines and fascinating stories to start and end your busy day. Here’s what else you might have missed during your busy day: 5 things Real Ice 1️⃣ Controversial plan: A startup wants to artificially thicken sea ice across hundreds of thousands of square miles in the Arctic. …

Cnn 5 Things Raw Milk
Boots owner in talks over sale to private equity
4 weeks, 2 days ago

Boots owner in talks over sale to private equity

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Walgreens, the US-based owner of …

Private Equity Boots Walgreens
Walgreens stock surges on report that it could be taken private
1 month ago

Walgreens stock surges on report that it could be taken private

CNN  

New York CNN — Walgreens is reportedly looking to take itself private in a deal with Sycamore Partners, sending the stock nearly 20% higher Tuesday. Since Sycamore focuses on smaller deals it “would likely sell off pieces” of Walgreens to make the acquisition more financially manageable, the Journal said. He added that Sycamore could sell off UK chain Boots to …

Journal Walgreens Stock Surges Drugstore Chains
Major US car part company announces closure of more than 700 stores
1 month, 3 weeks ago

Major US car part company announces closure of more than 700 stores

Daily Mail  

A major car parts company has announced the closure of more than 700 of its locations across the country. Advance Auto revealed on Thursday that it is shuttering more than 500 of its stores, four distribution centers, and 200 independent locations by the middle of next year. Earlier this month, the company closed a $1.5 billion sale of Worldpac, its …

Car Closure Company Locations Store Stores
CVS and Walgreens are ailing. Here's why
2 months, 3 weeks ago

CVS and Walgreens are ailing. Here's why

NPR  

CVS and Walgreens are ailing. Here's why toggle caption Scott Olson/Getty Images Not too long after Tim Wentworth became CEO of Walgreens, he revealed a stunning figure: Roughly a quarter of the pharmacy chain's stores do not make money. Sponsor Message The problem of prescriptions Given the retail struggles, pharmacies could perhaps simply ditch the convenience store and focus on …

Health Sponsor Message Walgreens Health Insurers Retail Pharmacy Stores Cvs
Walgreens announces plans to close 1,200 stores — but the exact locations remain a mystery
2 months, 3 weeks ago

Walgreens announces plans to close 1,200 stores — but the exact locations remain a mystery

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Walgreens plans to close about …

Business Walgreens
Walgreens plans to close 1,200 stores; its stock price sees a double-digit jump
2 months, 3 weeks ago

Walgreens plans to close 1,200 stores; its stock price sees a double-digit jump

LA Times  

Walgreens plans to close about 1,200 stores over the next three years in an effort to improve earnings and increase cash flow. Walgreens plans to close about 1,200 stores over the next three years in an effort to improve earnings and increase cash flow, the struggling company announced Tuesday. The downsizing plan by Walgreens Boots Alliance will target 500 stores …

Stock Price Company Close Stores Walgreens Plans Walgreens
Walgreens to close 1,200 stores across U.S.
2 months, 3 weeks ago

Walgreens to close 1,200 stores across U.S.

Salon  

Walgreens said Tuesday it will close 1,200 stores across the U.S. over the next three years to try to recover from financial struggles that include billions of dollars in losses. The company's fourth-quarter sales and profit beat Wall Street’s expectations and “reflected our disciplined execution on cost management, working capital initiatives and capex reduction,” company CEO Tim Wentworth said in …

Store Stores Walgreens
CVS and Walgreens close stores — rethink their role in our lives
3 months ago

CVS and Walgreens close stores — rethink their role in our lives

NPR  

CVS and Walgreens close stores — rethink their role in our lives CVS and Walgreens are ailing. CVS and Walgreens are closing hundreds of stores and rethinking their role in our lives. They've gobbled up mom-and-pop shops, signed long leases for prime real estate, and now Walgreens says a quarter of its stores don't make money. There have been constant …

Big Our Lives Npr Cvs Pharmacy Walgreens Selyukh
Walgreens to pay $106M to settle allegations it submitted false payment claims for prescriptions
3 months, 4 weeks ago

Walgreens to pay $106M to settle allegations it submitted false payment claims for prescriptions

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Walgreens has agreed to pay …

Pay Walgreens False Payment Claims
Boots appoints new boss to take over in November
3 months, 4 weeks ago

Boots appoints new boss to take over in November

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Boots has appointed Anthony Hemmerdinger, …

James Boots Mr Hemmerdinger
Popular breakfast staple sold at Walmart and Walgreens recalled for containing cancer-causing metal arsenic
4 months ago

Popular breakfast staple sold at Walmart and Walgreens recalled for containing cancer-causing metal arsenic

Daily Mail  

Health officials have expanded a recall of apple juice sold at several popular stores over fears that it has been contaminated with cancer-causing metals. On August 26, the FDA announced that 133,500 cases of apple juice produced by Florida-based Refresco Beverages Inc are being voluntarily pulled from shelves due to possibly containing inorganic arsenic, a 'highly toxic' compound usually found …

Recall Fda Walmart Juice Arsenic Inorganic Arsenic
LAPD union leader faces complaints that his security company hires and underpays problem cops
4 months ago

LAPD union leader faces complaints that his security company hires and underpays problem cops

LA Times  

Jamie McBride, speaking for the Los Angeles Police Protective League in 2020, is facing multiple internal LAPD investigations over Watermark Security Inc. The former employee who emailed the LAPD also alleged in the complaint that McBride was defrauding clients including Target and Walgreens “in the form of overbilling and falsification of officer credentials, in breach of contract, and worse.” McBride …

Security Employees Pay Union California Company Internal Affairs
For people without insurance, updated Covid-19 shots are no longer free of charge at pharmacies
4 months ago

For people without insurance, updated Covid-19 shots are no longer free of charge at pharmacies

CNN  

CNN — The rollout of updated Covid-19 vaccines has begun in the United States, but for the first time, the shots will no longer be free of charge for people without insurance at their local pharmacy. Last year, as the shots transitioned to the commercial market, the US Centers for Disease Control and Prevention’s Bridge Access Program provided free Covid-19 …

Health Insurance Local Vaccines Cost State Cnn
‘My kids go to Costco now,’ and other reasons Rite Aid, Walgreens and CVS are hurting
4 months, 1 week ago

‘My kids go to Costco now,’ and other reasons Rite Aid, Walgreens and CVS are hurting

LA Times  

These are tough days for pharmacy chains. In June, Walgreens’ chief executive said about a quarter of the company’s 8,600 U.S. stores were underperforming and that a “significant number” of them could be closed. “Rite Aid is more for when you realize last minute you need nail polish.” Other customers in the store said the shelves have been empty for …

Retail Ransom Pharmacies Company Venice Aid Store
Drugstores tinker with new looks as their usual way of doing business faces challenges
5 months, 1 week ago

Drugstores tinker with new looks as their usual way of doing business faces challenges

Associated Press  

America’s drugstores are testing smaller locations and more ways to offer care as price-sensitive shoppers look elsewhere. “Everyone looks at health care and says, ‘Oh yeah, it’s a market that’s ripe for disruption,’” said Neil Saunders, managing director of consulting and data analysis firm GlobalData. “But it isn’t easy to disrupt.” Walgreens CEO Tim Wentworth said recently that his company …

Health Health Care Care Company Store Stores Clinics
Drugstores tinker with new looks as their usual way of doing business faces challenges
5 months, 1 week ago

Drugstores tinker with new looks as their usual way of doing business faces challenges

The Independent  

Get Nadine White's Race Report newsletter for a fresh perspective on the week's news Get our free newsletter from The Independent's Race Correspondent Get our free newsletter from The Independent's Race Correspondent SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Everyone looks at health care and says, ‘Oh yeah, it’s a market …

Health Care Care Company Store Stores Cvs Health Walgreens
Walgreens plans to sell another slice of its Cencora stake for $1.1 billion
5 months, 1 week ago

Walgreens plans to sell another slice of its Cencora stake for $1.1 billion

Associated Press  

The struggling drugstore chain Walgreens will get about $1.1 billion for selling another slice of its stake in drug distributor Cencora. Walgreens said after markets closed Thursday that it will use the proceeds mostly to pay down debt and for general corporate purposes. Walgreens also said in May that it was selling some Cencora shares for $400 million. Leaders of …

Walgreens Cencora
Family files lawsuit in case of teen who died after eating spicy chip
5 months, 4 weeks ago

Family files lawsuit in case of teen who died after eating spicy chip

NPR  

Family files lawsuit in case of teen who died after eating spicy chip toggle caption Steve LeBlanc/AP BOSTON — A lawsuit was filed Thursday against Hershey, Walgreens and several others in the case of a Massachusetts teen who died after he participated in a spicy tortilla chip challenge that was widely promoted on social media. The autopsy also said Harris …

Social Media Children Lawsuit Harris Died Warning Walgreens
Large US pharmacy chain to close more stores
6 months, 2 weeks ago

Large US pharmacy chain to close more stores

China Daily  

FILE PHOTO: A Walgreens logo is seen outside its store in New York City, September 18, 2013. REUTERS/Mike Segar /File Photo Walgreens, one of the largest pharmacy chains in the United States, announced plans on Thursday to close a substantial number of its approximately 8,600 locations over the next three years because they are "underperforming". We are at a point …

Retail Pharmacies Stores Large Independent Pharmacies Walgreens Closed Pharmacy Chain
Drug store chains pushed out independent pharmacies. Here’s why they’re now closing too
6 months, 2 weeks ago

Drug store chains pushed out independent pharmacies. Here’s why they’re now closing too

CNN  

New York CNN — Walgreens said Thursday that it plans to close a “significant” number of its roughly 8,600 stores in the United States. Walgreens said in 2019 it would close 200 stores and last year announced an additional 150 store closures. Shifting trends Drug store chains are struggling because of falling reimbursement rates for prescription drugs, according to analysts …

Pharmacies Drug Store Close Stores Walgreens Reimbursement Rates