ECRM_1170x120_4-15-17

Walgreens Boots Alliance

It’s a wrap: NACDS Annual Meeting final day recap

It’s a wrap: NACDS Annual Meeting final day recap

A new NACDS chairman was inaugurated on the final day of the 2017 NACDS Annual Meeting. Alex Gourlay, co-chief operating officer of Walgreens Boots Alliance, took the gavel from outgoing chairman Martin Otto, chief merchant and chief financial officer at H-E-B, at the conference’s Tuesday morning Business Program. “I think my role, really, is to

Rite Aid finishes fiscal year on positive note

Rite Aid finishes fiscal year on positive note

CAMP HILL, Pa. — Despite declines in net income, Rite Aid Corp. posted increased sales and exceeded Wall Street’s adjusted earnings per share forecast for its fiscal 2017 fourth quarter and year. Chairman and chief executive officer John Standley, however, noted that the ongoing regulatory review of Rite Aid’s deal to be acquired by Walgreens

Gourlay’s global view to benefit NACDS

Gourlay’s global view to benefit NACDS

DEERFIELD, Ill. — Alex Gourlay, co-chief operating officer of Walgreens Boots Alliance Inc. (WBA), brings a unique global perspective as the incoming chairman of the National Association of Chain Drug Stores. Most of Gourlay’s career was spent at the U.K.’s largest drug store chain, Boots, and its eventual parent company Alliance Boots PLC. In 2013

WBA’s Pessina still bullish about Rite Aid acquisition

WBA’s Pessina still bullish about Rite Aid acquisition

NEW YORK — Walgreens Boots Alliance Inc. (WBA) executive vice chairman and chief executive officer Stefano Pessina has expressed confidence that the company’s planned merger with Rite Aid Corp. will be approved by the end of July. “I am still optimistic that we will bring this deal to a successful conclusion, but there is no

WBA, Prime Therapeutics tab leaders for joint venture

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) and Prime Therapeutics LLC have completed the formation of a combined central specialty pharmacy and mail service company, a move that was first announced last August. The leadership team of the new enterprise, AllianceRx Walgreens Prime, has also been ­revealed. Joel Wright, formerly divisional vice president for

Walgreens upping ante in beauty

Walgreens upping ante in beauty

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) is reaping success with its beauty differentiation program and is now planning to expand the initiative to more than 1,000 additional Walgreens stores by the end of 2017 while introducing more exclusive brands into the assortment. The first phase of the Walgreens beauty differentiation program’s rollout called

Alphega Pharmacy looks to the future

MONTE CARLO, Monaco — The Alphega Pharmacy network, part of the Alliance Healthcare arm of Walgreens Boots Alliance Inc. (WBA), recently held its eighth European convention here, attracting more than 1,200 attendees from nine different countries. Based on the theme “Close to You,” the gathering featured presentations on health care innovation, global market developments and

Ex-Walgreens CEO Greg Wasson enters joint venture

Ex-Walgreens CEO Greg Wasson enters joint venture

CHICAGO — Former Walgreens Boots Alliance chief executive officer Greg Wasson is part of a joint venture to help Fortune 50 companies take advantage of disruptive technologies with significant market potential. Wasson Enterprise, a Chicago-based angel investment group founded by Wasson, and Innventure, co-founded by entrepreneur Michael Otworth to commercialize innovative technology, have formed Innventure —

Baxter CEO joins Walgreens Boots Alliance board

Baxter CEO joins Walgreens Boots Alliance board

DEERFIELD, Ill. — José Almeida, chairman and chief executive officer of health care product manufacturer Baxter International Inc., has been elected to the Walgreens Boots Alliance board of directors. Almeida, who will serve as an independent director, joins the board effective immediately and becomes the board’s 11th member. WBA noted that Almeida brings to the board

FTC reportedly may sue to block WBA-Rite Aid deal

FTC reportedly may sue to block WBA-Rite Aid deal

Rite Aid saw its stock price sink to a 52-week low on Wednesday after a report that the Federal Trade Commission may challenge the drug chain’s acquisition by larger rival Walgreens Boots Alliance. Citing trade publication The Capital Forum, Bloomberg reported that the FTC was mulling a lawsuit to block the deal. Rite Aid’s share

Fred’s ends fiscal year with net loss, lower sales

Fred’s ends fiscal year with net loss, lower sales

MEMPHIS, Tenn. — Fred’s Inc. reported declined sales and net losses for its 2016 fourth quarter and fiscal year as it awaits regulatory approval to buy up to 1,200 drug stores in connection with the Walgreens-Rite Aid merger. Fred’s said Thursday that sales for the fourth quarter ended Jan. 28, 2017, fell 4.5% to $529.7

Walgreens Boots Alliance sees sales dip in 2Q

Walgreens Boots Alliance sees sales dip in 2Q

DEERFIELD, Ill. — Despite an uptick in its Retail Pharmacy USA division, Walgreens Boots Alliance (WBA) reported declined sales for its fiscal 2017 second quarter, with adjusted earnings per share in line with Wall Street’s consensus estimate. Also on Wednesday, WBA had no further news to report on the status of the antitrust review of

Investment community antsy over Walgreens-Rite Aid

Investment community antsy over Walgreens-Rite Aid

Like everyone else waiting for the wrap-up of the Walgreens-Rite Aid merger, investment pundit Jim Cramer of TheStreet.com and CNBC’s “Mad Money” is getting impatient over the plodding antitrust review negotiations. Now approaching its 18th month, Walgreens Boots Alliance’s planned acquisition of Rite Aid has a deal end date of July 31, as per an

WBA names chief merchant, marketer

DEERFIELD, Ill. — Walgreens has named Joseph Hartsig chief merchandising officer and Adam Holyk chief marketing officer. Hartsig and Holyk report to Walgreens Boots Alliance Inc. (WBA) co-chief operating officer Alex Gourlay, and are part of the Walgreens Enterprise Operating Committee. Hartsig also reports to Annie Murphy, WBA’s chief customer officer, while Holyk also reports

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