Walgreens Boots Alliance news

23 January 2018
Boots appoints Sebastian James as its new managing director and as senior vice president for Walgreens Boots Alliance. New appointment James will take on his new role on 1st September, and will report into Alex Gourlay, co-chief operating officer for Walgreens Boots Alliance. Gourlay commented, "We are delighted that Sebastian will join our company at an equally exciting and challenging ...
04 January 2018
Walgreens Boots Alliance reported lower retail sales in its US and International divisions in the first quarter of the year. At a company level, sales increased 7.9% to $30.7bn, whilst operating income declined 8.6% to $1.3bn. Pharmacy driving growth in the US The US Retail Pharmacy business performed strongly, with sales increasing 8.9% to $22.5bn, and same store sales up 4.7%. Pharmacy wa...
04 December 2017
Latest developments include CVS's $69bn merger with health insurer Aetna, Walgreens launching a new marketing campaign, and an innovative service-focused concept store in Dallas. CVS to merge with health insurer Aetna in $69bn deal US pharmacy chain CVS plans to acquire one of the market's leading health insurance companies Aetna for $69bn. The transaction is expected to close in the seco...
16 November 2017
Walgreens relaunches Nice!, and Walgreens Boots Alliance introduces its new skincare range, co-creeated with customers. Walgreens relaunches Nice! A new campaign and packaging redesign marks the relaunch of Walgreens's Nice! grocery private label range. The strapline "Simple, honest, delicious" reflects the range's alignment with current health trends, including organic and gluten-free prod...
26 October 2017
Announcing solid sales growth in Q4, WBA also shares plans for integrating 1,932 Rite Aid stores into its business. WBA finished the year with a strong quarterly performance: sales rose 5.3% (or 6.4% at constant currency) to US$30.1 bn. Net earnings were impacted by costs relating to the Rite Aid deal, declining 22.1% to $802m. US: pharmacy positive, retail reports weaker results The US ...
27 April 2017
As Rite Aid reports its fourth quarter results we review the outlook for the business ahead of its impending merger with Walgreens Boots Alliance. Fourth quarter sales up 3.3% Fourth quarter revenues increased by 3.3% to $8.5bn, with retail pharmacy revenues increasing 4.3% to $7.1bn. Same store sales fell by 3.0%, consisting of a 4.3% decrease pharmacy sales and a 0.3% decrease in front-en...
05 April 2017
WBA sales decreased by 2.4% in Q2 vs. LY, but grew by 0.9% on a constant currency basis. Sales decline on the quarter and the half Whilst sales declined by 2.4% on the quarter to $29.4 billion, fiscal 2017 first half sales fell by 2.1% to $57.9 billion. On a constant currency basis, sales grew by 1%. Stefano Pessina, Executive Vice Chairman and CEO, stated, "Our results this quarte...
07 March 2017
With several major retailers recently reporting quarterly results recently, including Walmart, Kroger and Costco, we look at the five key themes shaping their performances.  1. Deflation making its impact on growth rates Growth rates across the grocery retail market have slowed significantly over the last year. While the factors behind this are often complex and relative to each individual ...
20 December 2016
Fred’s Inc, which operates 647 discount general merchandise stores and three specialty pharmacies in the US, is set to acquire 865 pharmacies from Rite Aid to help gain support from regulatory authorities for its acquisition by Walgreens Boots Alliance. Divestments sets to alleviate regulatory concerns Walgreens Boots Alliance announced last year that it had entered into agreement to acquir...
30 September 2016
Sainsbury's has appointed Simon Roberts as retail and operations director. He will report to CEO Mike Coupe and be a member of the operating board, and is expected to join Sainsbury's by next July. Roberts will replace Roger Burnley who has left Sainsbury's to take up the role of deputy chief executive and COO of Asda next month. Leadership experience from Boots and M&S Roberts joins with e...