Walgreens Boots Alliance news

18 July 2016
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 ...
06 July 2016
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...
30 June 2016
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 ...
07 April 2016
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...
02 February 2016
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...
01 February 2016
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...
07 January 2016
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, ...
17 December 2015
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...
28 October 2015
Alliance Boots takeover strengthens Q4 results WBA has seen year-on-year Q4 results increase by an impressive 49.7% to $28.5bn, largely attributed to by the takeover of Boots Alliance last year. In the same quarter, the net synergies between the two companies came to $81m. Net earnings attributable to Walgreens were $26m, a significant step-up on the $221m loss in the same quarter the previous...
27 October 2015
Walgreens Boots Alliance has entered into an agreement to acquire US based Rite Aid, the country’s third largest drugstore operator. Deal solidifies leading drugstore position in the US Under the terms of the deal, Walgreens Boots Alliance will acquire Rite Aid for $17.2bn, significantly growing the scope of its US operations. With a turnover of $26.5bn in 2014, and operating over 4,500 st...