Walgreens Boots Alliance news

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...

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...

Walgreens Boots Alliance will expand to South Korea after signing a franchise partnership with the country’s leading retailer Emart, who has obtained exclusive rights to open and manage Boots stores in South Korea. First store to open next year The first Boots store in South Korea is expected to open in the first half of 2017 and more stores will be added in shopping malls, on high streets ...

Walgreens Boots Alliance saw net sales grow by 2.4% for the third quarter and first nine months of fiscal year 2016 ending May 2016. $1 billion synergy target achieved Net sales have increased by 2.4% to $29.5 billion in the fiscal third quarter, with net synergies reaching $330 million. Net sales ove rthe 9 month period are 18.4% higher than the same period last year. Combined net syn...

Amidst an array of market challenges, we explore how Boots' strategy is targeting sustainable profit growth. Boots is growing Boots is the largest pharmacy chain in Europe, with Boots UK posting a resilient revenue performance in recent years. Mild declines in 2011/12 and 2012/13 were driven predominantly by Boots' dispensing business, with several branded medicines coming off patent ...

Walgreens Boots Alliance grows net sales by 13.6% in fiscal 2016 second quarter results, largely due to the full consolidation of Alliance Boots to the entire quarter this year. Continued benefit of merger strengthens Q2 results Results continue to be buoyed by the merger and creation of Walgreens Boots Alliance. Net sales have increased by 13.6% to $30.2 billion in the fiscal second q...

Boots has announced its intention to cut between 300 and 350 assistant store manager roles across its larger UK stores. Achieving greater operational efficiency Boots' decision follows the cutting of 700 non-store based roles in June 2015 and reflects the retailer's ongoing commitment to simplifying the business and unlocking greater operational efficiencies to deliver sustainable prof...

In our city feature series, Retail Safari, we highlight some of the best stores we have visited in European and North American cities. For our first feature of 2016 we’re heading to the San Francisco Bay area, the host location for this month’s Super Bowl 50. Stewart Samuel, Program Director at IGD Canada, shares his pick of the stores to see. Target San Francisco was one of the first locat...

Walgreens Boots Alliance grows net sales by 48.5% in fiscal 2016 first quarter, benefitting from the inclusion of Alliance Boots consolidated results. Merger strengthens Q1 results The merger of Walgreens and Boots Alliance has been beneficial with regards both net sales and combined net synergies within the fiscal 2016 first quarter. Net sales have increased by 48.5% to $29 billion, ...

We look at how leading global and regional retailers are targeting expansion in this benchmark Latin American market. Chile in context: Nestling against the Pacific, the country clings to the edge of the continent, and looks perhaps towards Europe and North America more than other Latin American markets for inspiration. Economically, it's in a more robust position than most Latin Am...