October 2, 2018 by Chain Drug Review
Kroger Co., Kroger's Our Brands, Rodney McMullen, Simple Truth, Stefano Pessina, Walgreens
Featured Articles, Leading Headlines, Retail News
DEERFIELD, Ill. – Kroger Co. and Walgreens are teaming up to work on an exploratory pilot program with a new format and concept that combines Kroger’s role as America’s grocer and food authority with Walgreens global expertise in pharmacy, health and beauty. The two retail leaders have selected 13 Walgreens stores in Northern Kentucky, near
July 5, 2018 by Chain Drug Review
GuoDa, Ltd., Sinopharm Holding GuoDa Drugstores Co., Stefano Pessina, Walgreens Boots Alliance
Business, Featured Articles, Leading Headlines, Retail News
DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) today announced that, following receipt of regulatory approvals, it has completed the previously announced agreement to acquire a 40% minority stake in Sinopharm Holding GuoDa Drugstores Co., Ltd. (GuoDa), a leading retail pharmacy chain in China. WBA acquired the minority stake in GuoDa through a capital increase worth
June 28, 2018 by Chain Drug Review
Stefano Pessina, Walgreens Boots Alliance
Business, Featured Articles, Leading Headlines, Retail News
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA), which entered the Dow this week, topped analysts’s forecasts in 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
June 19, 2018 by Chain Drug Review
Bruce Broussard, Humana, in-store health clinics, Stefano Pessina, Walgreens
Featured Articles, Leading Headlines, Pharmacy, Retail News
DEERFIELD, Ill. — Humana Inc. and Walgreens have partnered to provide easier access to primary care and other services for seniors as part of the two companies’ ongoing and shared commitment to the health and well-being of people in the Kansas City area. The companies said the collaboration will establish a senior-focused neighborhood approach to
June 4, 2018 by Chain Drug Review
Stefano Pessina, Walgreens, WBA
Issue 06-04-2018
NEW YORK — Walgreens Boots Alliance executive vice chairman and chief executive officer Stefano Pessina urged analysts not to think they can see the future of Walgreens simply by visiting the company’s new pilot stores in Gainesville, Fla. “Let’s be clear,” Pessina said during a sell-side analyst event in New York last month. “Gainesville today
March 28, 2018 by Bill Schiffner
AllianceRx Walgreens Prime, Rite Aid, Stefano Pessina, Walgreens Boots Alliance
Business, Featured Articles, Leading Headlines, Retail News
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
February 26, 2018 by Greg Jacobson and Chain Drug Review
Aetna, Albertsons, Amazon, AmerisourceBergen, Berkshire Hathaway, CVS Health, Health Transformation Alliance, John Standley, JPMorgan Chase, Rite Aid, Stefano Pessina, U.S. health care industry, U.S. health care sector, UnitedHealth Group, Walgreens Boots Alliance
2018, Featured Articles, Issue 02-26-2018, Issues, Leading Headlines, News, Pharmacy, Retail News
NEW YORK — The U.S. health care industry has been in flux for a number of years, but the pace of transformation now appears to be accelerating rapidly. Several of the biggest players in the U.S. health care sector are making moves to confront an uncertain future — one that may bring unwelcome competition and
February 13, 2018 by Chain Drug Review
Alliance Boots, AmerisourceBergen, Stefano Pessina, Steven Collis, Walgreens Boots Alliance, Walgreens Boots Alliance Development, WBA, WBAD
Business, Featured Articles, Leading Headlines, Pharmacy, Retail News
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) is in negotiations to acquire drug distributor AmerisourceBergen Corp., according to published reports. Representatives of WBA executive vice chairman and chief executive officer Stefano Pessina made “a high-level outreach” to representatives of AmerisourceBergen chairman and CEO Steven Collis several weeks ago, The Wall Street Journal reported, citing people familiar
January 17, 2018 by Geoff Walden
James Skinner, Stefano Pessina, Walgreens, Walgreens Boots Alliance, Walgreens Boots Alliance annual shareholders meeting
Business, Leading Headlines, Retail News
SCOTTSDALE, Ariz. — Walgreens is halfway through a transformation that includes a rethinking of its supply chain and services, Walgreens Boots Alliance executive vice chairman and CEO Stefano Pessina said at the company’s annual shareholders meeting. Walgreens is also recasting its approach to interacting with customers and patients, Pessina added, noting that 2018 will see
January 4, 2018 by Chain Drug Review
Rite Aid, Stefano Pessina, Walgreens Boots Alliance
Business, Featured Articles, Leading Headlines, Retail News
DEERFIELD, Ill. — Strong sales gains by the U.S. retail pharmacy division propelled Walgreens Boots Alliance (WBA) in its fiscal 2018 first quarter, which also saw the company exceed Wall Street’s earnings forecast. WBA said Thursday that, for the quarter ended Nov. 30, sales totaled $30.74 billion, up 7.9% from $28.5 billion a year earlier.
December 11, 2017 by Geoff Walden and Chain Drug Review
John Standley, Rite Aid, Stefano Pessina, Walgreens, Walgreens-Rite Aid merger
2017, Issue 12-11-2017, Issues, News
CAMP HILL, Pa. — Walgreens Boots Alliance has taken over the first 97 of its acquired Rite Aid Corp. stores. WBA purchased 1,932 stores under a revised deal with Rite Aid after the government thwarted its acquisition of the entire chain. WBA also picked up three distribution centers and related inventory from Rite Aid as
December 4, 2017 by Chain Drug Review
GuoDa, GuoDa Drug Store, Sinopharm Holding GuoDa Drug Store Co., Stefano Pessina, Walgreens Boots Alliance
Business, Issue 12-11-2017, Leading Headlines, News, Retail News
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) plans to pay about $416 million to acquire a 40% stake in Sinopharm Holding GuoDa Drug Store Co. WBA confirmed the deal on Monday. GuoDa is the largest retail pharmacy operator in China, with nearly 3,700 stores. With stores in 70 major cities across the country, GuoDa is
November 6, 2017 by Chain Drug Review
George Fairweather, Rite Aid, Stefano Pessina, Walgreens, Walgreens Boots Alliance, Walgreens-Rite Aid merger
2017, Issue 11-06-2017, Issues, News
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) is developing the picture of its future store base after turning the page on a nearly two-year process triggered by its proposed merger with Rite Aid Corp. Beginning next spring, WBA plans to shut 600 stores under an 18-month program to rationalize its U.S. drug store network
October 26, 2017 by Chain Drug Review
Commission on Combating Drug Addiction and the Opioid Epidemic, CVS Health, Healthcare Distribution Alliance, John Gray, John Hammergren, Larry Merlo, McKesson, Melania Trump, opioid abuse crisis, opioid abuse epidemic, President Donald Trump, President's Commission on Combating Drug Addiction and the Opioid Crisis, Stefano Pessina, video, Walgreens Boots Alliance
Leading Headlines, Pharmacy, Retail News, Videos
WASHINGTON — Following through on pledge made this summer, President Donald Trump has formally declared the nation’s growing opioid abuse epidemic as a public health emergency. In a press conference at the White House on Thursday, the president and First Lady Melania Trump announced the action, which has drawn plaudits from public officials and pharmacy