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Walgreens Names Former Starbucks COO as Chief Executive Officer

by Katie Lee

Deerfield, Ill. — Walgreens Boots Alliance, Inc. (WBA) has appointed Rosalind (Roz) Brewer as the company’s chief executive officer, effective March 15, 2021. Brewer will also join the WBA board of directors upon assuming the role. She succeeds Stefano Pessina who, as previously announced, will transition to the role of executive chairman of the board of WBA. Pessina has served as the CEO of the combined company for 6 years following the merger between Walgreens and Alliance Boots in December 2014. During his tenure, he transformed and modernized the company …

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Newsretailers

Walgreens to Invest $1 Billion to Open Doctors’ Offices at U.S. Stores

by Katie Lee

Deerfield, Ill. — In its fiscal 2020 third-quarter results, Walgreens Boots Alliance Inc. said its performance was “significantly impacted by the COVID-19 pandemic,” causing sales to be roughly $700 million to $750 million lower. The decline is largely attributed to its international stores. In April, sales at Walgreens stores in the United Kingdom were down 85%. Deerfield-based Walgreens says that pharmacy volume was impacted globally by a drop in doctor visits and hospital patient admissions. Profits were also hurt by a shift to low-margin items and higher supply chain and …

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Newsretailers

Walgreens to Close 200 Stores Nationwide

by Katie Lee

Deerfield, Ill. — Walgreens plans to close approximately 200 stores across the U.S. starting this fall as part of a cost-management program. Specific store locations have not been disclosed, but the new closures represent less than 3% of Walgreens’ U.S. footprint. The announcement was made in a Walgreens Boots Alliance regulatory filing the first week of August. The Deerfield, Illinois-based company had previously unveiled plans to close 200 stores in the United Kingdom. Currently, Walgreens operates more than 18,500 stores in 11 countries.   SOURCE: REBusinessOnline.com  

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Newsretailers

Walgreens and Sprint Plan to Open Additional Sprint Express Locations

by Katie Lee

Overland Park, Kan., and Deerfield, Ill. — Walgreens and Sprint plan to expand the collaboration they had announced earlier this year, which will include 80 new locations. All of the new Sprint Express at Walgreens stores will be throughout Chicagoland and the Dallas-Ft. Worth metropolitan area, and are planned to open by the end of the year.

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Newsretailers

Walgreens Boots Alliance and Rite Aid To Sell 865 Rite Aid Stores to Fred’s Pharmacy

by Katie Lee

Deerfield, Ill., and Camp Hill, Pa. — Walgreens Boots Alliance, Inc. and Rite Aid Corporation have agreed to sell 865 Rite Aid stores and certain assets related to store operations to Fred’s, Inc. for $950 million. The all-cash transaction is subject to Federal Trade Commission (FTC) approval, the approval and completion of the pending acquisition of Rite Aid by Walgreens Boots Alliance, and other customary closing conditions.

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