walgreens

oracorac

Walgreens No Longer Merging With Rite Aid; Still Plans To Buy Half Of Rite Aid Stores For $5.2 Billion

It’s been nearly two years since Walgreens first agreed to buy competitor Rite Aid and its 4,600 or so stores for $9.4 billion to form the nation’s largest drugstore chain, only to see the value of that deal shrink amid antitrust concerns. Today, Walgreens announced that it’s scrapping that original plan to combine forces with Rite Aid but still plans to purchase about half of the smaller company’s retail locations. [More]

Mike Mozart

CVS Ditches Tanning Oil, Hides The Candy

We all refer to chains like CVS and Walgreens as “drugstores,” but they also sell everything from makeup to school supplies to snacks. However, CVS has been quietly revising its inventory and store layout to remove or deemphasize some items that are making customers less healthy. [More]

Jeepers Media

Rite Aid: Walgreens Merger Is On Track, Fred’s Buying At Least 1,200 Stores

How are things going with Walgreens and Rite Aid, who are still working on their planned merger to become the largest drugstore chain in the United States? In its annual report, Rite Aid reports that the merger is on track, and consumers can expect to have fewer drugstore choices soon, as around 3,300 Rite Aid stores change to Walgreens or close. [More]

MousePrint

Walgreens Says That All Prescriptions Count For Balance Rewards Program, But Not Quite

When the word “all” appears in an ad, are you supposed to take it literally? That’s a good question, and it’s an important question when it comes to how Walgreens advertises its Balance Rewards program. The store’s marketing claims that “all” prescriptions are part of Balance Rewards, but that is not true. [More]

Nicholas Eckhart

Walgreens Slashes $2B From Value Of Rite Aid Merger; Up To 1,200 Stores To Be Sold Off

Last Friday, Jan. 27, was the deadline for the deal to close in the proposed acquisition of drugstore chain Rite Aid by competitor Walgreens. Today, the companies announced a revised deal with an eye to meeting Federal Trade Commission approval. This deal values Rite Aid at over $2 billion less, and proposes the sale of hundreds more stores to another drugstore chain. [More]

Nicholas Eckhart

Walgreens And Rite Aid Still “In Discussions” With FTC On The Merger Deadline

Today, Jan. 27, is the deadline for Walgreens and Rite Aid to close the merger that they announced way back in October 2015. The companies didn’t ask for an extension or call the transaction off, so what’s going to happen to this deal? [More]

afagen

Walgreens Still Not Kicking Cigarette Habit, But Makes Some Products Less Visible

Three years after Walgreens said it would evaluate whether or not to continue selling cigarettes, and a year after it said it needed a bit more time to come to a resolution, shareholders for the drugstore chain are questioning the company’s choice to continue selling these cancer-causing products. [More]

Nicholas Eckhart

With One Week Left, Walgreens-Rite Aid Merger May Be In Trouble

The proposed merger of mega-drugstore chains Walgreens and Rite Aid seems like a good idea to the companies, but the Federal Trade Commission remains skeptical. With a week left before the purchase agreement expires, the companies need the antitrust watchdog to sign off, and it looks like they may not get it. [More]

oracorac

Citibank ATMs Will Replace Chase At Many Walgreens Locations In NYC, Chicago

If you’re a Chase bank customer in Chicago or New York City who relies on the ATM at your local Walgreens/Duane Reade to avoid withdrawal fees, we’ve got some bad news for you. But if you’re a Citibank customer, well, we’ve got some great news for you: more than a thousand ATMs will be transitioning from Chase to Citibank. [More]

Mike Mozart

FedEx Customers Will Be Able To Drop Off, Pick Up Packages At Walgreens Stores

We’ve all seen what can happen when a package is left out in the open or otherwise unattended, but not everyone can be home during the day, live in a doorman building, or have their stuff delivered to an office. Also? Some carriers just hate coming to your house. In an effort to solve these problems, FedEx and Walgreens announced plans to put delivery lockers in as thousands of Walgreens stores by the end of next year. [More]

Fred's

Rite-Aid Selling 865 Stores To Fred’s For $950 Million

What to do, what to do, when you’re merging and want to be the biggest without being too big? Divest, of course. And that’s where Rite-Aid finds itself today: in order to sell itself to Walgreens and allow their onetime-competitor to become the biggest drugstore chain in the country, it’s ready to shed several hundred stores to build a new third-place competitor. [More]

Mike Mozart

Walgreens Files Suit Against Former Partner Theranos

Theranos, the startup that shuttered its blood-testing business after losing its retail partnerships and facing stiff sanctions by federal regulators, is now facing another challenge, this time in the courtroom: Walgreens has reportedly filed a $140 million lawsuit against its one-time partner.  [More]

oracorac

Lawsuit: Shopper’s Imprisonment In Walgreens Store Led To His Death

A Florida woman is suing Walgreens after she says her husband’s unlawful imprisonment in an Orange County store ultimately led to his death. [More]

Mike Mozart

Walgreens Introduces In-Store Pickup For Online Orders

We’re not sure which shoppers have been sitting around dreaming of the day when they could place an online order and pick it up from their neighborhood drugstore, but Walgreens is making that scenario real by adding site-to-store to its e-commerce offering. Is this all a ploy to get you into a store? Yeah, pretty much. [More]

Mike Mozart

Walgreens Now Offering Virtual Dermatology Consultations

If you’ve ever noticed a new mole, freckle, spot, or bump on your skin, but didn’t want to see a dermatologist, you’ve probably shown it to a friend who offered their non-expert advice. Maybe you’ve even posted a photo online asking people “What is this thing on my arm?” Now Walgreens is hoping you’ll be willing to let a dermatologist have a look, without having to drive to the doctor’s office. [More]

oracorac

Walgreens Will Sell Off Up To 1,000 Stores To Get Approval For Rite Aid Acquisition

When two companies in the same business want to merge, a common condition placed on the merger by authorities may be that one or both companies sell part of its business so there’s still some competition in the market. It looks likely that the Federal Trade Commission will approve the proposed merger of Walgreens Rite Aid, but Walgreens may have to give up more locations before the deal goes through. [More]

Walgreens Closing Beauty.com, Drugstore.com

Walgreens Closing Beauty.com, Drugstore.com

With easy-to-remember names like drugstore.com and beauty.com, one might expect these Walgreens-owned websites to be doing gangbusters business. Yet the retailer says it will shutter both sites by the end of September.  [More]

oracorac

Walgreens-Rite Aid Merger Still On Track, CEO Says Only 500 Stores Would Close

Walgreens and Rite Aid are the biggest and third-biggest pharmacy drugstore in this country, and they want to join forces to become a pharma-Voltron. The companies are waiting for regulatory approval, but the CEO of Walgreens Boots Alliance told shareholders today that the deal will probably go through by the end of 2016, and that it will result in the closing of only about 500 stores. [More]