Walgreens is planning potentially sweeping store closures as it faces what its CEO called a “challenging” environment for pharmacies and U.S. consumers. The pharmacy chain on Thursday morning announced quarterly earnings that fell short of Wall Street expectations. Walgreens’ stock dropped more than 20% just minutes into the trading day. In an interview with CNBC, […]
Tag: Walgreens
Walgreens Ends Rite-Aid Take Over Bid; Still Buys 2,000 Stores
Walgreens Boots Alliance is scuttling its yearslong effort to buy competitor Rite Aid and will instead buy more than 2,000 of its stores for $5.18 billion. The less ambitious move follows resistance from federal regulators since the two drugstore chains first proposed a merger in 2015. Thursday morning’s announcement represented the second time the two […]