NEW YORK — Target, CVS and Walmart were among the retailers forced to temporarily close stores over the weekend in the face of ongoing protests across the country. Target is temporarily closing stores in California, Georgia, Minnesota, Illinois, and Pennsylvania. The retailer said in a statement on Sunday that it was also prioritizing the rebuilding
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) posted better than expected second quarter sales and earnings Thursday. The company’s adjusted earnings per share of $1.52 topped Wall Street’s forecast of $1.46. Sales of $35.82 billion beat the projection of $35.27 billion. The quarter ended February 29, before the number of COVID-19 cases in the U.S.
DEERFIELD, Ill. — Richard Ashworth has been named president of the Walgreens drug chain, the largest component of Walgreens Boots Alliance (WBA). In his new role, Ashworth, a 28-year Walgreens veteran, succeeds Alex Gourlay, who remains WBA’s co-chief operating officer and continues to oversee the Walgreens and Boots businesses. Ashworth will be responsible for developing
DEERFIELD, Ill. — Walgreens Boots Alliance’s first quarter results fell short of Wall Street’s forecast. Stefano Pessina Adjusted earnings per share for the period ended November 30 were $1.37, while analysts had projected $1.41. Adjusted net earnings slid 11.8% to $1.2 billion, down 11.6% on a constant currency basis, from the year-ago period. Revenue also
NEW YORK — Stefano Pessina, executive vice chairman and chief executive officer of Walgreens Boots Alliance (WBA), was honored recently by the American-Italian Cancer Foundation (AICF), which presented him with the Alessandro di Montezemolo Lifetime Achievement Award for his outstanding career in health care. Among those honoring Pessina at the foundation’s Benefit Dinner and Auctions
NEW YORK – The American-Italian Cancer Foundation (AICF) presented Stefano Pessina, executive vice chairman and chief executive officer of Walgreens Boots Alliance (WBA), with the Alessandro di Montezemolo Lifetime Achievement Award for his outstanding career in health care. AICF, a New York nonprofit supporting cancer research and early detection, honored Pessina at the organization’s Benefit
DEERFIELD, Ill. — Promising an aggressive response to “the most difficult quarter” Walgreens Boots Alliance Inc. has had since its creation, executive vice chairman and CEO Stefano Pessina said the company will make “a number of senior appointments,” among other changes. Stefano Pessina Pessina made the comments in response to a 14.3% drop in second
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) and Microsoft Corp. have teamed up to develop new health care delivery models, technology and retail innovations to advance and improve the future of health care. The companies will combine the power of Microsoft Azure, Microsoft’s cloud and AI platform, health care investments, and new retail solutions with WBA’s
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) reported better-than-expected earnings and revenue on Wednesday when it announced results for the second quarter of fiscal 2018, which ended February 28. Overall, WBA earned $1.73 a share, up 27% versus a year ago. Revenue grew 12.1% to $33.02 billion. Same-store sales rose 2.4%, with comparable-pharmacy sales up
Walgreens Boots Alliance Inc.’s (WBA’s) plan to acquire Rite Aid Corp. in its entirety is, for now, dead. For some, it was an inevitable conclusion to a strategy that was full of holes. For others, by far the majority, it was a surprising conclusion to a well-conceived plan to increase the already dynamic presence of
DEERFIELD, Ill. — The long, drawn-out quest of Walgreens Boots Alliance Inc. (WBA) to acquire Rite Aid Corp. took another unexpected turn this morning when the two companies announced a new agreement under which WBA will purchase 2,186 stores, three distribution centers and related inventory from Rite Aid. The price will be $5.175 billion in
WASHINGTON — Promoting his economic platform with business leaders, President Donald Trump today met with top retail executives at the White House. Focusing on Trump’s plank of job creation, simplification of the tax code and reduced regulatory red tape, the Wednesday morning meeting was a scheduled event with the Retail Industry Leaders Association (RILA). The