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...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....
...It may have been spooked by Walgreens....
...Walgreens cited “organised retail crime” as it shut some San Francisco locations, and other chains adopted similar justifications....
...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....
...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....
...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....
...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....
...Retail store sales rose just 0.6 per cent....
...Retail is a theme this week, with figures also due (in no particular order) from JD Sports, Kingfisher, Walgreens Boots Alliance, Asos and Ocado....
...in costs, which includes closing unprofitable stores....
...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...
...Results: Arbuthnot Banking Group, Capricorn Energy, JD Sports and Walgreens Boots Alliance report. Five more top stories 1....
...Big drugstore chains including CVS and Walgreens Boots have attempted to boost jab uptake....
...Walgreens remains overly dependent on its nearly 9,000 stores in the US. Competition for healthcare assets has also become fierce....
...It is also expanding its primary healthcare group Village MD and opening more health corners in Walgreens stores, which offer patient screening services....
...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....
...That adds to the news last week that UK groups, including Walgreens-owned Boots, informed employees that their data had been compromised....
...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....
...It is also expanding its primary healthcare group VillageMD and opening more health corners in Walgreens stores, which offer patient screening services....
...CeraVe became so popular that stocks sold out at major US retailers such as Target and Walgreens after going viral on TikTok in 2021....
...Across nearly 9,000 stores in the US, prescription drug sale margins are being squeezed by pressure to cut prices and cheaper generics....
...More recently, Walgreens said its shrinkage fell from 3.5 per cent to 2.5 per cent during its fiscal first quarter....
...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...
...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...
...testing in some of its stores....
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