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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
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
FT Live
Decarbonising India's Industries
Unlocking the technologies and capital required to accelerate progress
Tuesday, 11 JuneDigital Conference
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
...Same-store sales at its pharmacies, however, rose 9.8 per cent ahead of estimates of 8.8 per cent, partly thanks to higher prices....
June 27, 2023
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
FT Live
FTWeekend Festival: U.S. edition
The Saturday where the Financial Times Weekend paper comes to life
Saturday, 10 May 2025The REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
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
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
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
...Same-store retail sales at Boots grew 8.7 per cent in the three months to November 30, though pharmacy sales were lower as demand for Covid-19 services eased....
January 5, 2023
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
LexMergers & Acquisitions
Walgreens: US healthcare land-grab intensifies with $9bn deal Premium content
...This includes a large pharmacy benefit management business and a leading health insurance division. Walgreens remains overly dependent on its nearly 9,000 stores in the US....
November 7, 2022
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
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
LexHealthcare
Walgreens: without a sale of Boots, US group needs a health check Premium content
...Walgreens was seeking £7bn for Boots. Its inability to sell the UK pharmacy chain will hit the company on two fronts....
July 1, 2022
Walmart Inc
Walmart lifts guidance as richer consumers go bargain hunting
...Weeks after announcing negotiations on similar settlements with the pharmacy chains CVS and Walgreens, New York attorney-general Letitia James said such retailers had “played an undeniable role in perpetuating...
November 15, 2022
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Boots UK Ltd
Boots left in limbo as bids fail to emerge
...Walgreens Boots Alliance said this week that a review launched in January had concluded the US group should retain ownership of the UK pharmacy and beauty retailer for now....
July 1, 2022
Brooke Masters
Is the time ripe for Amazon to disrupt healthcare?
...But despite the 2017 purchase of the Whole Foods chain, physical stores account for less than 4 per cent of net sales....
August 24, 2022
Walgreens Boots Alliance Inc
Walgreens Boots Alliance lifts forecast on strong sales
...Walgreens said the increases “reflect strong adjusted gross profit growth across both pharmacy and retail in the US and a continued rebound in international sales and profitability”....
January 6, 2022
Cat Rutter Pooley
Boots is cautionary tale of how buyout boom went bad
...Then, I said the neglected overseas arm of US pharmacy group Walgreens just needed a little time away from public view for some surgery....
June 16, 2022
News updates from January 6: Chevron adjusts output at Kazakhstan oilfield, Johnson offers apology over donor messages, Rivian shares fall below IPO price
Walgreens raises earnings outlook as US and UK sales rise
...Same-store retail sales rose 10 per cent in the US and by 16 per cent at Boots, the UK pharmacy chain whose future is currently the subject of a review....
January 6, 2022
Live news from December 22: UK daily Covid cases top 100,000 to hit record, Europe not in a position to impose sanctions on Russia, says Draghi, German health minister says fourth vaccine dose may be needed
Walmart, CVS and Walgreens to cap purchases of at-home Covid testing kits
...Rival Walgreens is imposing a four-item limit on purchases of at-home testing kits at the pharmacy chain’s physical and online stores....
December 21, 2021
Boots UK Ltd
Apollo and Mukesh Ambani’s Reliance plan joint bid for Boots
...India’s second-richest man Mukesh Ambani and US buyout group Apollo Global Management are planning a joint bid for UK high street pharmacy chain Boots, according to people familiar with the matter....
April 27, 2022
Live news from December 21: Portugal, Germany and Sweden to tighten Covid restrictions, US to distribute free Covid-19 tests amid Omicron surge, Turkey’s currency surges after Erdogan announces lira savings scheme
Walmart, CVS and Walgreens to cap purchases of at-home Covid testing kits
...Rival Walgreens is imposing a four-item limit on purchases of at-home testing kits at the pharmacy chain’s physical and online stores....
December 21, 2021
Boots UK Ltd
Walgreens lines up Goldman Sachs to explore options for UK’s Boots chain
...Walgreens Boots Alliance is lining up advisers to explore options including the sale of Boots, five years after it took full ownership of the UK retail pharmacy chain....
December 3, 2021
UK retail industry
Boots sale thrown off course by fewer buyers and market turmoil
...Boots, which has more than 2,000 stores in the UK, was expected to attract strong interest because of its market-leading position and brand, the stability of its pharmacy income and the potential for improving...
March 1, 2022

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