Walgreens Boots Alliance news

17 March 2015
Speaking at a recent conference, Walgreens Boots Alliance’s chief executive, Stefano Pessina, has announced that the retailer is prepared to undertake takeovers in the US to drive consolidation in a fragmented market. Pessina notes that ‘major changes’ likely in the market Pessina said that the continued roll out and expansion of the Affordable Care Act in the US was likely to encourage ‘ maj...
23 December 2014
With Walgreens’ shareholders set to vote on the next step of its strategic transaction with Alliance Boots to fully combine the two companies, we review the retailer’s latest quarterly results. Transaction set to close by year end Walgreens’ shareholders will vote on December 29 to create a new holding company, Walgreens Boots Alliance. This will allow it to complete on the second step of ...
02 October 2014
As Walgreens announces performance for Q4 2014, it reveals how its strategic partnership with Alliance Boots boosted front end margins and the pharmacy business. Record sales achieved in full year results In the year ending 31 August 2014, Walgreens sales increased to US$76.4billion, up 5.8%. For Q4 2014, it revealed sales of US$19.1billion, up 6.2%. Total comparable store sales for Q4 in...
06 August 2014
Walgreens has confirmed that it will buy the remaining 55% share of Alliance Boots, Britain’s largest high street pharmacy. Outlined below is everything you need to know regarding step two of this transaction. On route to forecasted synergy goal Alliance Boots and Walgreens entered into a deal in 2012 when Walgreens bought 45% stake in Alliance Boots for US$6.7bn (£4bn). The deal, which wil...
26 June 2014
Boots has launched an app linked directly to its successful loyalty scheme, according to Retail Week. The app has been created in order to remove paper coupons, posted on a quarterly basis to customers. Loyalty driven personalised offers Boots’ loyalty scheme is tailored towards rewarding its customers through points, which can be instantly redeemed in-store and has proved to be a crucial p...
25 June 2014
Walgreens has announced sales up 5.9% for Q3 2014 and reported on the Alliance Boots integration and the roll-out of No7 beauty brand across the US. Steady sales progress being made Walgreens has announced $19.4bn in sales, up 5.9% for quarter ending 31 May 2014. Sales for nine months fiscal 2014 increased by 5.6% to $57.3bn. Customer traffic in comparable stores decreased 0.7% yet basket s...
02 June 2014
Boots has decided to change its focus to food for now, ending a trial on evening ready meals that started last spring. Evening meals trial ends In March 2013, Boots launched a ready meal range under its healthy 'Shapers' brand. The selection offered 27 new lines stocked in 100 Boots stores nationwide. The retailer has also decided not to go ahead with the partnership it created at the end...
19 May 2014
Boots’ full year results revealed a revenue increase of 4.3% to £23,367m, while trading profit increased by 0.4% to £1,270m. Boots attribute its flat line growth to increasingly competitive markets. Health and beauty division sees stable performance Boots’ health and beauty division reported solid revenue up 2.4%, to £7,662m. The UK market accounted revenue of £6,697m, up 2.2%, with...
14 May 2014
Mobile interaction is key to succeed The new iBeacon technology will be used in conjunction with Walgreens’ mobile coupon program. At present, customers can virtually clip and save coupons while browsing the app, and retrieve the rewards at the checkout. The new technology will alert those who have opted into the iBeacon technology to their saved coupons in-store. This will remove the dependen...
06 May 2014
Alliance Boots has announced the acquisition of pharmacy retail chain Farmacias Ahumada (“FASA”) in Latin America. Transaction to be completed by Q3 2014 Farmacias Ahumada comprises of two main businesses, representing over 1,400 stores, with combined revenue of £835m. Both businesses are well established: Farmacias Benavides ranks third as the largest pharmacy chain in Mexico. It has aro...