DEERFIELD, Ill. — Walgreens Boots Alliance Inc.’s (WBA’s) revenue and adjusted earnings for the fourth quarter beat analysts’ estimates, as the company benefited from an expansion of Walgreens’ mail order services. Share price of the company’s stock rose 4.3% to $70.15 in premarket trading today after WBA also forecast 2018 earnings largely above Wall Street
COLORADO SPRINGS, Colo. — Global Market Development Center (GMDC) has enlisted ReposiTrak Inc. to provide a comprehensive compliance and sourcing platform for nonfood items. GMDC said that under the pact, ReposiTrak will be the exclusive solution provider for compliance management and sourcing of retail-ready vendors. Plans call for GMDC to introduce the platform to its
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) announced today that it has secured regulatory clearance for an amended and restated asset purchase agreement to purchase 1,932 stores, three distribution centers and related inventory from Rite Aid Corp. for $4.375 billion in cash and other consideration. The amended and restated purchase agreement between the parties
NEW YORK—Amazon Books opened its 11th store Tuesday, and its second in New York City. Located on 34th Street, the store is situated directly across the street from the Empire State Building. The new outlet, which includes a coffee shop, has about 3,700 titles available for sale that range from bestsellers to “hidden gems” and
MEMPHIS, Tenn. — Fred’s Pharmacy has launched digital coupons and a new mobile app that the retailer said makes the e-coupons easier to use. Fred’s said late Monday that hundreds of digital coupons will be available, including for brand-name products with “discounts over and above Fred’s everyday low prices.” Customers will also receive exclusive deals
WASHINGTON — Retailers applauded congressional Republicans’ move to give up their pursuit of the border adjustment tax (BAT). Prior to GOP leaders’ announcement of the decision on Thursday, retailers that receive many of the goods they sell from overseas had expressed concerns about the BAT, claiming it would pass hefty costs on to consumers. The
WASHINGTON — The Senate dealt a devastating blow to Republican efforts to repeal and replace the Affordable Care Act by defeating a GOP “skinny repeal” bill early Friday morning. Sens. John McCain (R., Ariz.), Lisa Murkowski (R., Alaska) and Susan Collins (R., Maine) joined with Democrats to oppose the measure, a major loss for President
ITASCA, Ill. — Walgreens teamed up with ECRM this week to host a one-day Supplier Diversity Summit here. The Walgreens-ECRM Supplier Diversity Summit, held Wednesday, provided an opportunity for the retailer’s category managers to meet with suppliers with diversity in ownership in the health and wellness, beauty and personal care, competitive convenience, and wellness over-the-counter