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News updates from March 28: Sam Bankman-Fried sentenced to 25 years; US GDP growth in Q4 revised higher
Walgreens Boots Alliance warns of retail challenges in US
...In the UK, Boots same-store retail sales increased 5.9 per cent in the quarter, while pharmacy sales ticked up 1.7 per cent....
March 28, 2024
Brooke Masters
Shoplifting, self-checkout and the limits of AI
...Walgreens cited “organised retail crime” as it shut some San Francisco locations, and other chains adopted similar justifications....
April 3, 2024
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
LexWalgreen Co
Walgreens: new CEO may decide Boots was made for hawking Premium content
...Yet a new leader may not be enough to cure all of Walgreens’ ailments. For starters, running physical drugstores is not the cash cow it once was. Walgreens operates nearly 9,000 stores in the US....
October 11, 2023
News in-depthRetail & Consumer industry
Worker unrest adds to US drugstore woes as Covid vaccine sales dwindle
...Rite Aid filed for bankruptcy last month, while Walgreens and CVS have both announced store closures to cut costs. CVS is shutting 900 stores by 2024....
November 12, 2023
Walgreens Boots Alliance Inc
Walgreens Boots chief steps down after latest profit forecast downgrade
...Despite stronger growth in its sales, Boots is shutting 300 UK stores, the latest of a series of closures, while Walgreens is closing 150 US outlets....
September 1, 2023
Walgreens Boots Alliance Inc
Boots and Walgreens to close 450 branches across UK and US
...Boots will close 300 stores in the UK and a further 150 Walgreens branches in the US over the next year as parent company Walgreens Boots Alliance seeks to “optimise” locations....
June 27, 2023
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Next PLC
Next boss warns of stock delays as Red Sea disruption takes toll
...Retail store sales rose just 0.6 per cent....
January 4, 2024
The Week Ahead
Courtroom politics
...Retail is a theme this week, with figures also due (in no particular order) from JD Sports, Kingfisher, Walgreens Boots Alliance, Asos and Ocado....
March 24, 2024
News updates from October 12: US inflation hotter than expected in September, FCA bans Staley
US risers and fallers
...in costs, which includes closing unprofitable stores....
October 12, 2023
FirstFT
FirstFT: Global M&A drought ends as blockbuster deals double in first quarter
...Results: Arbuthnot Banking Group, Capricorn Energy, JD Sports and Walgreens Boots Alliance report. Five more top stories 1....
March 28, 2024
FirstFT
FirstFT: Global M&A drought ends as blockbuster deals double in first quarter Premium content
...Results: The pharmacy chain Walgreens Boots Alliance is expected to report that revenues increased about 3 per cent in the three months that ended February, but earnings are forecast to decline by 59 per...
March 28, 2024
Coronavirus
New Covid variant gains ground in US ahead of holiday season
...Big drugstore chains including CVS and Walgreens Boots have attempted to boost jab uptake....
December 24, 2023
LexMergers & Acquisitions
Walgreens: US healthcare land-grab intensifies with $9bn deal Premium content
...Walgreens remains overly dependent on its nearly 9,000 stores in the US. Competition for healthcare assets has also become fierce....
November 7, 2022
Live news updates from October 13: US inflation comes in at 8.2%, Twitter claims Musk being investigated by US authorities
Walgreens Boots posts quarterly loss despite strong earnings
...It is also expanding its primary healthcare group Village MD and opening more health corners in Walgreens stores, which offer patient screening services....
October 13, 2022
Live news updates from January 5: McCarthy set to lose tenth Speaker vote, Amazon to cut 18,000 jobs
Boots posts rise in retail sales despite weaker demand for pharmaceuticals
...The company, which has more than 2,000 stores across the UK, is part of Walgreens’ international division, which also includes a wholesale operation in Germany....
January 5, 2023
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
News in-depthCyber Security
Hacker gang Clop deploys extortion tactics against global companies
...That adds to the news last week that UK groups, including Walgreens-owned Boots, informed employees that their data had been compromised....
June 15, 2023
LexBest Buy Co Inc
Best Buy: gadget hawker chases the silver dollar Premium content
...Dollar General is testing mobile health clinics outside some of its stores. Amazon, Walgreens and CVS have all made big acquisitions in patient care services....
March 3, 2023
Boots UK Ltd
Boots sales recover as customers return to shops and travel resumes
...It is also expanding its primary healthcare group VillageMD and opening more health corners in Walgreens stores, which offer patient screening services....
October 13, 2022
News in-depthL'Oreal SA
How L’Oréal’s chief swooped on luxury soap maker Aesop
...CeraVe became so popular that stocks sold out at major US retailers such as Target and Walgreens after going viral on TikTok in 2021....
April 6, 2023
LexHealthcare
Walgreens: without a sale of Boots, US group needs a health check Premium content
...Across nearly 9,000 stores in the US, prescription drug sale margins are being squeezed by pressure to cut prices and cheaper generics....
July 1, 2022
LexPan Kwan Yuk
The Lex Newsletter: shoplifting, shrinkage and a $95bn problem for US retailers Premium content
...More recently, Walgreens said its shrinkage fell from 3.5 per cent to 2.5 per cent during its fiscal first quarter....
January 18, 2023
Walmart Inc
Walmart lifts guidance as richer consumers go bargain hunting
...outlook came as Walmart announced it would pay $3.1bn to settle states’ claims that it had contributed to the US opioids crisis by failing to regulate prescriptions of highly addictive painkillers at its stores...
November 15, 2022
Boots UK Ltd
Boots left in limbo as bids fail to emerge
...Online makes up 13 per cent of overall retail sales, double what it was before the pandemic, while same-store sales in the three months to the end of May were up 24 per cent as visits to its 2,000 stores...
July 1, 2022
Theranos
Former Theranos executive Sunny Balwani sentenced to nearly 13 years for fraud
...testing in some of its stores....
December 7, 2022
Walgreens Boots Alliance Inc
Walgreens Boots Alliance lifts forecast on strong sales
...Walgreens has also appointed Goldman Sachs to advise on options for Boots, a business with Methodist roots and a household name in the UK with more than 2,000 stores....
January 6, 2022

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