GlobalData Retail managing director Neil Saunders weighs in on the ‘pragmatic approach’ to a lengthy regulatory process that Walgreens and Rite Aid have undertaken by scrapping their proposed merger and creating a new deal.
Before he took over the chairmanship of the National Association of Chain Drug Stores, Walgreens Boots Alliance co-COO Alex Gourlay spoke to Drug Store News about the coming year at NACDS and what still excites him about the business he’s been part of since he was 17 years old.
This new agreement replaces the previous merger agreement with Rite Aid, announced in October 2015 and amended in January 2017, as well as the agreement to divest certain Rite Aid stores to Fred’s, announced in December 2016.
The co-branded sites are set to launch at select stores in Florida and Texas, initially offering lab testing services with the expectation that they will expand to include other basic healthcare services.
GMDC’s Center Store: Essential for Total Store Growth report highlights the fact that such elements as nonfoods, grocerants and in-store health clinic can play a big role in improving customer experience and combating food price deflation, loss to online sales in impulse categories and changing shopper interests.