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WBA executive vice chairman and chief executive officer Stefano Pessina

Protests, violence force store closures

Protests, violence force store closures

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

Walgreens Boots Alliance Q3 results top forecast

Walgreens Boots Alliance Q3 results top forecast

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA), which entered the Dow this week, topped analysts’s forecasts with its third quarter earnings, boosted its dividend and announced a $10 billion share buyback. “I am pleased that, in what has been a challenging environment, we have again delivered solid earnings per share growth combined with healthy cash flow,” said

Stefano Pessina: Rite Aid deal talks ‘ongoing’

Stefano Pessina: Rite Aid deal talks ‘ongoing’

NEW YORK — Walgreens Boots Alliance (WBA) is still negotiating with the Federal Trade Commission to gain antitrust clearance for its $17 billion deal to acquire Rite Aid Corp., WBA executive vice chairman and chief executive officer Stefano Pessina said at the company’s annual shareholders meeting. “The FTC is doing its job. The process is