ECRM_1170x120_8-1-17

Kroger

Walgreens-Rite Aid merger approval at hand?

Walgreens-Rite Aid merger approval at hand?

Chain drug industry watchers have kept hearing and reading the scuttlebutt about the closing of the Walgreens-Rite Aid merger deal. But a report late Friday afternoon suggested that approval of the $17.2 billion transaction may be imminent. Investor website Seeking Alpha reported that Walgreens Boots Alliance (WBA) is slated to have a package of store

Walmart, Kroger top Kantar PoweRanking

NORWALK, Conn. — Walmart and Kroger Co. finished in a virtual tie as the top retailer in the 2016 PoweRanking determined by consulting firm Kantar Retail LLC. PepsiCo and Coca-Cola Co. were at the top of the rankings of manufacturers in this year’s survey. Walmart has been atop the retailer rankings for more than a

WBA, Rite Aid push back deal deadline

WBA, Rite Aid push back deal deadline

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) and Rite Aid Corp. have extended the time frame for completing their planned $17.2 billion merger. The companies have pushed back the end date for the deal by three months to January 27, and they expect the transaction to close early next year. Both companies had the

Trade classes battle in changing pharmacy market

Trade classes battle in changing pharmacy market

NEW YORK — Competition remains fierce in the chain pharmacy industry, albeit with a decreasing number of players. If the pending acquisition of Rite Aid Corp. by Walgreens Boots Alliance Inc. goes through, the field will diminish dramatically, especially in major metropolitan areas. Depending on the number of stores WBA divests to meet antitrust requirements,

Walgreens-Rite Aid merger: No from Kroger?

Walgreens-Rite Aid merger: No from Kroger?

Apparently, Kroger might not become the enabler for Federal Trade Commission approval of the Walgreens-Rite Aid merger. The New York Post reported late Tuesday that Kroger may be taking a pass on buying Walgreens and/or Rite Aid stores that would need to be divested by Walgreens Boots Alliance to gain FTC clearance for its $17

WBA works to clear way to finalizing Rite Aid acquisition

WBA works to clear way to finalizing Rite Aid acquisition

NEW YORK — Speculation continues to percolate about snags holding up Walgreens Boots Alliance Inc.’s (WBA’s) acquisition of Rite Aid Corp. Last last month the New York Post reported that private equity firms were uninterested in purchasing 650 stores that WBA must divest to satisfy antitrust requirements. Investors found the stores to be subpar and

WBA-Rite Aid pressed to find store buyers

WBA-Rite Aid pressed to find store buyers

It looks like one divestment possibility for Walgreens Boots Alliance isn’t panning out as it works with the Federal Trade Commission to gain antitrust clearance for its acquisition of Rite Aid. The New York Post reported this week that WBA hasn’t been able to sway private equity firms to buy a chunk of Walgreens and/or

WBA provides update on Rite Aid acquisition

WBA provides update on Rite Aid acquisition

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) has upped the number of stores that it expects to divest to gain government clearance for its $17.2 billion purchase of Rite Aid Corp. WBA said this month that between 500 and 1,000 Walgreens and/or Rite Aid stores will probably have to be divested to win Federal

Community pharmacies gear up for flu shot season

NEW YORK — The Centers for Disease Control and Prevention recommends an annual flu shot for everyone over the age of six months, and retail pharmacies across the nation are spreading the word of their ability to provide such health services. Walgreens is now offering flu shots at all of its pharmacies (including Duane Reade

With WBA-Rite Aid pending, Kroger’s name pops up

With WBA-Rite Aid pending, Kroger’s name pops up

The suspense (or impatience?) continues to build in the investor and retailing communities as Walgreens Boots Alliance’s $17.2 billion deal to buy Rite Aid remains under review by the Federal Trade Commission. Lately, speculation has centered on Kroger as a potential buyer of stores that would be divested by WBA for the FTC to sign

Bartell, QFC begin pharmacy immunization project

Bartell, QFC begin pharmacy immunization project

SEATTLE — Bartell Drugs and QFC Pharmacy, the pharmacy arm of Kroger Co.’s QFC Stores supermarket chain, have launched projects to test models for pharmacy-provided immunizations. As part of a National Association of Chain Drug Stores initiative announced in late July, Bartell and QFC are partnering with the University of Washington School of Pharmacy (UWSOP)

Kroger, The Little Clinic take aim at the flu, hunger

Kroger, The Little Clinic take aim at the flu, hunger

CINCINNATI — Kroger Co. is supporting Feeding America food banks through a new health and wellness program with its in-store pharmacies and The Little Clinic retail health clinics. Kroger said Monday that through April 1, 2017, it will donate one meal via the Feeding America food bank network for each flu shot administered at its

Kroger ups stake in specialty pharmacy

Kroger ups stake in specialty pharmacy

CINCINNATI — Axium Pharmacy Holdings Inc., a unit of Kroger Co., has agreed to acquire Modern HC Holdings Inc. (ModernHEALTH), a specialty pharmacy operator, to create a combined specialty pharmacy organization. Terms of the transaction, which is subject to regulatory approval, were not disclosed. The new entity will operate as a wholly owned subsidiary of

Is it doomsday for retail chains? Not yet

Is it doomsday for retail chains? Not yet

The continuous roller coaster of retail sales results could make even the greatest optimist weep. In recent months, when retailers like Macy’s, Nordstrom, Kohl’s, J.C. Penney and Target reported less than stellar results, it was hard not to take on a Chicken Little view that the sky was falling. Retailers blamed a variety of factors: