Walgreens could 'aggressively' cut costs if privately owned, analyst says
Walgreens will have more freedom to aggressively cut costs if it becomes privately owned, one industry analyst said. The company is reportedly in talks with Sycamore Partners.
Walgreens to close 1,200 stores as part of turnaround effort
Walgreens announced that it will close about 1,200 stores over the next three years, with 500 shuttering as early as next year. It's part of the company's turnaround effort.
Walgreens to pay $106.8M over claims it billed government for prescriptions never dispensed
Walgreens has agreed to pay a $106.8 million fine to settle the Department of Justice's claims the pharmacy billed the government for prescriptions that were never dispensed.
Florida man waits 5 hours in Walgreens restroom before going on after-hours junk food raid: police
A Florida man has been arrested after he went on a late-night junk food and cigarette splurge inside a closed Walgreens after purposely locking himself into a restroom, police say.
Walgreens to close 'significant' number of underperforming stores, cuts profit forecast
Walgreens on Thursday announced that it is planning to close a number of underperforming stores as it contends with a tough economic environment and declining margins.
Walgreens cutting prices on 1,300 products
Walgreens is joining a growing number of companies that are cutting prices on a number of goods to lure in shoppers and boost sales in the midst of inflation.
Alleged Tennessee shoplifter sues Walgreens after employee shoots her 7 times
A Tennessee mother is suing Walgreens almost a year after an employee – who suspected her of shoplifting – followed her to the parking lot and shot her seven times.
Walgreens, CVS slammed by pro-life groups over ‘dangerous’ decision to sell abortion pill
Pro-life groups have pushed back against Walgreens and CVS stores' decision to begin selling the abortion pill mifepristone this month, calling it "shameful."
CVS, Walgreens to begin selling abortion pill this month
The companies said last year they planned to offer the pill following the FDA's decision to allow retail pharmacies to sell mifepristone in the country for the first time.
Father of CVS pharmacist who died calls company memo 'corporate garbage'
The father of a CVS pharmacist is pleading that the industry step up its efforts to help workers who have been faced with demanding working conditions.
Walgreens slashes dividend even as quarterly profit beats estimates
Walgreens Boots Alliance's U.S. retail pharmacy unit brought in revenue of $28.94 billion in the first quarter, topping analysts' average estimate of $27.26 billion.
Starbucks, Walgreens in California vandalized in anti-Israel protest
Anti-Israel protesters in Oakland, California, smashed windows and spray painted "Free Gaza" and "Death 2 Zionism" on Starbucks and Walgreens locations.
Walgreens stock gets a boost after JP Morgan expresses confidence in new CEO
J.P. Morgan analysts are optimistic about Walgreen's newest CEO saying they are encouraged by his expertise in healthcare services like leading Cigna’s health services organization.
CVS pulls popular cold medicines from store shelves
CVS confirmed Thursday that it has voluntarily decided to remove certain medicines after an FDA panel had determined last month that their active ingredient is not effective.
Walgreens shares have best day since 2022
The new CEO of Walgreens Boots Alliance will help steer a massive cost-cutting plan as the drug-store chain attempts to stop losing money and as demand from COVID related products wains.
Walgreens reveals its pick for new CEO
Walgreens Boots Alliance unveiled on Tuesday evening whom it has selected to lead the pharmacy store chain: former head of Cigna's Evernorth Tim Wentworth.
Walgreens pharmacists walk out over working conditions
Walgreens pharmacists say they're walking off the job in retaliation for challenging working conditions, especially at the height of the busy cold and flu season.
Walgreens employees planning walkouts over pharmacy working conditions: source
Walgreens pharmacy employees plan to walk off the job next week over demanding workloads, a source said. It comes after some CVS employees conducted walkouts last month.
Walgreens resolves COVID-19 vaccine supply after appointment challenges
Walgreens announced that its pharmacies across the country now have COVID-19 vaccine supplies and additional appointments available in response to ongoing disruptions.
Walgreens agrees to pay $44M to settle Theranos-linked claims
Walgreens has agreed to pay $44 million to settle a class-action lawsuit from customers who sued after submitting to faulty blood tests conducted by Theranos.