ECRM_1170x120_4-15-17

Walgreens Boots Alliance

Reports: FTC angling to block Walgreens-Rite Aid merger

Reports: FTC angling to block Walgreens-Rite Aid merger

NEW YORK — The Federal Trade Commission is readying a lawsuit to block the Walgreens-Rite Aid merger deal, according to published reports. Citing policy news service Capital Forum, which analyzes the antitrust review of mergers and acquisitions, Investors Business Daily said on Friday that the FTC was “preparing advice” to take action against the transaction,

Rite Aid execs: Merger approval not guaranteed

Rite Aid execs: Merger approval not guaranteed

NEW YORK — In a memo to employees this week, Rite Aid Corp.’s top executives appear to acknowledge that the company’s acquisition by Walgreens Boots Alliance (WBA) may not be cleared by the Federal Trade Commission. “We remain actively engaged in discussions with the FTC to attempt to gain regulatory approval, and there can be

Fred’s Pharmacy records 1Q net loss

Fred’s Pharmacy records 1Q net loss

MEMPHIS, Tenn. — Fred’s Pharmacy posted a fiscal 2017 first-quarter net loss, stemming largely from charges related to store closings and its planned purchase of at least 865 Rite Aid stores. Fred’s said Tuesday that for the first quarter ended April 29, the company had a net loss of $36.5 million, or 98 cents per

WBA pushes FTC for decision on Rite Aid acquisition

WBA pushes FTC for decision on Rite Aid acquisition

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) has taken action to force the hand of federal regulators deciding whether to approve its pending acquisition of Rite Aid Corp. WBA and Rite Aid last month notified the Federal Trade Commission that they have complied with the agency’s second request for information on the deal. While

Fred’s sees same-store sales uptick for May

Fred’s sees same-store sales uptick for May

MEMPHIS, Tenn. — Fred’s Pharmacy saw same-store sales edge up in May, though store closings led to a year-over-year revenue decline for the month. Fred’s said Thursday that sales for the four weeks ended May 27 totaled $160.1 million, down 3.1% from $165.2 million a year earlier. The company attributed the sales decrease to the closure

Report: FTC seeks more info on WBA-Rite Aid deal

Report: FTC seeks more info on WBA-Rite Aid deal

Walgreens Boots Alliance and Rite Aid last week said they’ve complied with the Federal Trade Commission’s second request for information on their merger deal. But it appears the FTC still wants to know more. The New York Post reported Tuesday that the FTC has issued civil investigative demands (CIDs) to Walgreens vendors and competitors to

Customer is focal point at NACDS meeting

Customer is focal point at NACDS meeting

SCOTTSDALE, Ariz. — Responding to consumers’ rapidly changing needs is a top priority for the National Association of Chain Drug Stores, Walgreens Boots Alliance Inc. co-chief executive officer Alex Gourlay said in his inaugural remarks as the organization’s new chairman. “The theme for today, and moving forward, is the customer — understanding the customer’s needs

For Gourlay, it’s all about the customer

For Gourlay, it’s all about the customer

Alex Gourlay, co-chief operating officer of Walgreens Boots Alliance, was named chairman of the National Association of Chain Drug Stores at the 2017 NACDS Annual Meeting in Scottsdale, Ariz., last month, succeeding Martin Otto, who is H-E-B’s chief financial officer and chief merchant, in that post. In his initial remarks as NACDS chairman, Gourlay emphasized

WBA, Rite Aid certify compliance with FTC

WBA, Rite Aid certify compliance with FTC

DEERFIELD, Ill., and CAMP HILL, Pa. — Walgreens Boots Alliance (WBA) and Rite Aid Corp. said they have met the Federal Trade Commission’s second request for information on their planned merger. Late Monday, WBA and Rite Aid announced that they have “certified substantial compliance,” meaning that they have provided the information needed to determine if

Sales decline at Fred’s Pharmacy

Sales decline at Fred’s Pharmacy

MEMPHIS, Tenn. — Fred’s Pharmacy reported declined sales for April and its fiscal 2017 first quarter, though seasonal business lifted same-store sales for the month. Fred’s said Thursday that sales for the four weeks ended April 29 totaled $159.1 million, down 3% from $163.9 million a year earlier. April same-store sales edged up 1.2% year

AmerisourceBergen renews pact with Express Scripts

AmerisourceBergen renews pact with Express Scripts

VALLEY FORGE, Pa. — AmerisourceBergen Corp. has renewed its distribution agreement with pharmacy benefit manager Express Scripts Holding Co. AmerisourceBergen said Monday that under the new five-year agreement, it will supply branded pharmaceuticals to Express Scripts through Sept. 30, 2022. “We are extremely pleased and proud to continue to be the strategic partner of choice

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

1 2 3 15