Private equity firm Sycamore Partners II currently owns the Dollar Express stores, which it bought in 2015 when Dollar Tree was forced to sell stores in 35 states as a condition of its acquisition of Family Dollar.
Walgreens, as part of the Retail Pharmacy USA Division of Walgreens Boots Alliance, raised more than $20 million in the U.S. in 2016.
Momentum for associates to have mobile devices is so strong that within three years, 89% of retailers will give their associates access to mobile solutions, according to “The Mobile World of Retail,” a report from Boston Retail Partners.
With the launch, all companies can test-drive the product registry and retailers can begin to use it to evaluate products on their shelves.
The retailer is adding new “rollback” fees to its Walmart2Walmart money transfer program.
In this newly created role, White will lead the own brands team, including the culinary kitchen and technical center.
Walgreens’ safe medication disposal kiosks are at 600 pharmacies in 45 states, and can be accessed during regular pharmacy hours to dispose of prescription and OTC medication that has expired, gone unused or isn’t wanted.
Former Walgreens CEO Greg Wasson's family investment office is joining forces with Innventure, a group that aims to develop businesses around new technologies lent by big corporations, The New York Times reported last week. P&G is expected to be the company's first partner. “Innventure will identify the opportunities, create a company, nurture it, then put in a management team to where it stands on its own — and then we move on,” Wasson, the company's chairman, told The New York Times. “What I think is most interesting is that we’re looking to help leverage their powerful R&D machine with our nimble entrepreneur team to identify the opportunities that they have developed.” In return, Innventure will have a stake in any companies it creates. (The New York Times)
Payout of $7 per share will be made on May 26.