Walgreens Boots Alliance news

28 July 2020
Walgreens Boots Alliance has announced changes to its team and is expanding its delivery service. Stefano Pessina steps down as CEO   Stefano Pessina has announced he is stepping down from his role as CEO of Walgreens Boots Alliance, six years after leading the merger of Walgreens and Alliance Boots in 2015. He continues to remain the largest stakeholder in the company with a 17% stake. ...
14 July 2020
Walgreens Boots Alliance reported sales increase by 0.1% to US$34.6 billion for the third quarter ending 31 st May 2020 (1.2% on a constant currency basis). Adjusted operating income declined by -46.5% to US$919 million on a reported basis and down -46.4% on a constant currency basis.  Boots UK affected the most by COVID-19 WBA reported approximately US$700 million to US$750 million cost t...
09 July 2020
We explore five ways drugstores seek to support physical and mental wellbeing through facilitating new healthcare services and developing new campaigns to focus on mental health. New healthcare services Walgreens launch new full-service doctor offices Walgreens has partnered with VillageMD to offer full-service doctor offices co-located at Walgreens stores. The drugstore chain announce...
09 July 2020
The drugstore retailer announced plans to make more than 4000 job redundancies as part of its action to mitigate the ‘significant impact’ caused by COVID-19. Retail sales plunge by 48% The job cuts will affect around 7% of the drugstore’s total UK workforce and will particularly impact the staff in its Nottingham support office along with some deputy and assistant manager, beauty adviser an...
07 July 2020
Walgreens Boots Alliance’s key developments to offer more personalised healthcare and shopping experiences both online and in-stores. Strategic partnership with Microsoft and Adobe The global drugstore operator announced its partnership with Microsoft and Adobe to launch its second phase that focuses on WBA’s key strategic priority of digital transformation. The partnership aims to provide ...
25 June 2020
The drugstore operator reported strong online sales performance during lockdown and shares its strategies to improve sales and efficiency in the second half of the year. Boost in beauty sales during lockdown Superdrug continued selling essential items during lockdown but greatly suffered footfall decline and is seeking reduced rent deals. Despite that, the drugstore operator was able to boo...
28 May 2020
Boots UK has reported a revenue decline of -1.8% to £6.7bn for the year ending 31 st August 2019. Over the same period, operating profit also declined -49.4% to £198m, in the latest report submitted to Companies House. FY2019: store closure and decline in revenue 20 net store closures in the period takes the retailer’s total store count to 2,465 as of 31 st August 2019. The company announ...
26 May 2020
Walgreens co-chief operating officer leaves the business, Memorial Day discount and other latest news. Walgreens co-chief operating officer leaves the business The drugstore operator announced its co-chief operating officer, Richard Ashworth is leaving the business and Alex Gourley will step in and reassume operational control. Ashworth had 30 years of experience in the pharmacy and retail ...
14 April 2020
In this article, updated daily, we summarise the latest responses to the Coronavirus (COVID-19) pandemic in the UK: Multiples update: Tesco releases annual results and updates on COVID-19: More normal shopping behaviour has resumed after a surge in demand for certain items in the first few weeks of the crisis caused sales uplifts of c.30%. Grocery home shopping capacity has been in...
02 April 2020
With increased pressure on pharmacies and an exceptional increase in demand for health, hygiene and personal care products, Boots continues to evolve its approach to best serve customers and communities.   Donating 200,000 essential products Building on its existing relationship with the Hygiene Bank , Boots will donate essential toiletries to hospitals during the COVID-19 crisis, with t...