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DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) on Thursday announced a new long-term growth strategy based on delivering consumer-centric health care. As part of that effort, the company is launching a new business segment, Walgreens Health, that is enabled by investments in VillageMD and CareCentrix and designed to accelerate the company’s capabilities in primary care,
DEERFIELD, Ill. — Walgreens Boots Alliance beat Wall Street’s expectations for fourth quarter revenue and earnings, with COVID-19 vaccinations and tests boosting traffic and demand rising for cough-cold medications and vitamins. Walgreens administered 13.5 million vaccines during the three months ended August 31 — almost double the 7 million it had expected to provide. Adjusted
NEW YORK — The National Association of Chain Drug Stores’ charitable arm said Tuesday that this year’s NACDS Foundation Dinner has been cancelled, due in part to ongoing travel restrictions associated with the COVID-19 pandemic. “The NACDS Foundation was truly looking forward to coming together again in December with our partners and supporters, yet we
DEERFIELD, Ill. — Walgreens Boots Alliance has filled two key executive leadership positions, the company said on Tuesday. Holly May was appointed executive vice president and global chief human resources officer and Anita Allemand was appointed chief transformation and integration officer. May and Allemand will both report to WBA CEO Roz Brewer, as members of
PHILADELPHIA — While the COVID-19 pandemic is by no means a thing of the past, its profound impact over the last 18 months on so many different aspects of life has naturally raised the question of what lies ahead, what is next — for individuals, for society, for industry. For the retail industry as a
Probiotics differ from other products sold in the nutritional supplements aisle, coming with special storage and labeling requirements. In this week’s Video Forum, Andrea Wong, senior vice president of scientific and regulatory affairs at the Council for Responsible Nutrition, discusses the organization’s recently launched educational campaign to help retailers and consumers better understand the complexities
AUSTIN — Whole Foods Market co-founder and chief executive officer John Mackey announced Thursday that he will be retiring from his post, effective September 1, 2022. Jason Buechel, who currently serves as Whole Foods’ chief operating officer, will succeed Mackey as CEO. “Honestly, it’s very hard to retire from a company that I have helped to
EAU CLAIRE, Wis. – More than 700 shoppers were lined up outside this town’s newest supermarket when the doors opened at 6 a.m. today. The grand opening afforded customers a first glimpse at the amenities, innovations and partnerships that operator Hy-Vee Inc. has incorporated into an “entirely reimagined” grocery store. The 92,000-square-foot store is the
Lauren Brindley, group vice president of beauty and personal care at Walgreens, tells this week’s Video Forum about the ups and downs of retailing during the COVID pandemic; the growing importance of technology, social media and omnichannel options in the categories she oversees; and the importance of in-store beauty advisors to the Walgreens offer. She
ISSAQUAH, Wash. — Costco Wholesale Corp. on Thursday evening reported fourth-quarter earnings that beat Wall Street expectations. The warehouse club operator said its net income for the fourth quarter ended August 29 totaled $1.67 billion, or $3.76 per diluted share. That compared to $1.39 billion, or $3.13, last year. Wall Street had been expecting earnings
CAMP HILL, Pa. — Rite Aid Corp. on Thursday reported a narrower than expected second quarter loss. The net loss was $100.3 million, or $1.86 per share for the period ended August 28. The adjusted net loss was $22 million, or 41 cents per share. Analysts had forecast an adjusted net loss of 48 cents. Adjusted
WASHINGTON – Consumer spending on Halloween-related items is expected to reach an all-time high of $10.14 billion this year, the National Retail Federation said Wednesday. That’s up from $8.05 billion in 2020. “Americans plan to spend more than ever to make this Halloween a memorable one,” NRF President and CEO Matthew Shay said. “Retailers have