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Walgreens names new chief financial officer

DEERFIELD, Ill. — Timothy McLevish has been named executive vice president and chief financial officer at Walgreen Co., taking over from Wade Miquelon, who left to pursue other opportunities. Tim McLevish McLevish will lead all of Walgreens’ finance functions as the company prepares to move forward with the proposed second step of its strategic partnership

Rite Aid, McKesson expand distribution relationship

Rite Aid, McKesson expand distribution relationship

CAMP HILL, Pa. — Rite Aid Corp. and McKesson Corp. have expanded their distribution agreement to cover a longer time frame and include both generic and brand-name drugs. The companies said Tuesday that the new five-year agreement runs to March 2019. The deal marks a second extension of Rite Aid and McKesson’s primary distribution relationship.

Chain drug stores can flourish in omnichannel world

As if the obvious needed to be stated, the period of slow, evolutionary change in the retailing environment for drug, food and convenience items is long over. The arrival of pure-play e-commerce companies to food, drug and beauty retailing marked the end of evolutionary and the beginning of truly explosive revolutionary change. The battlefield is

Walgreens’ Chawla to head digital-led marketing unit

DEERFIELD, Ill. — Illustrating technology’s paramount role in marketing, Walgreen Co. has promoted e-commerce president Sona Chawla to the newly created role of digital and chief marketing officer. Sona Chawla Walgreens said Thursday that Chawla will lead a new Digital and Marketing Division. The unit is charged with unifying and integrating digital, companywide marketing and

Chains need to go beyond multichannel, omnichannel

Many retailers today are immersed in building multichannel capabilities. The multichannel wave has led to many good initiatives, making it easier for customers to interact with retailers across distinct channels, including fast-growing mobile channels. For example, A.T. Kearney’s Future Role of Stores research indicates that although 92% of retail sales still occur via traditional channels,

Walgreens to buy drugstore.com for $409M

Walgreens to buy drugstore.com for $409M

DEERFIELD, Ill. — In a move to expand its e-commerce business and expertise, Walgreen Co. plans to acquire drugstore.com in a deal valued at $409 million. Walgreens said Thursday that under the agreement, it will acquire the drugstore.com web site plus the online retailer’s extensive roster of microsites, led by Beauty.com. Plans call for drugstore.com

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