By expanding its digital strategy to one that encompasses mobility and other digital disruptors, group VP product and innovation Deepika Pande said Walgreens is removing friction from the shopping experience — streamlining customer engagement and driving more connections with shoppers.
Walgreens Pharmacy & Business News
Albuquerque, N.M. Mayor Richard Berry was recognized earlier this month by Walgreens Boots Alliance for promoting wellness in Albuquerque, KRQE reported. This is the first year Walgreens is giving out the “Happy and Healthy Community Champion” award for civic leaders who promote healthy lifestyles. “Mayor Berry is truly changing the course of these residents’ lives, not only in Albuquerque, but across the country as other mayors and cities adopt the program that he started in Albuquerque,” Kimberly Waltz, Walgreens government affairs, told KRQE. (KRQE)
In addition to increasing financing options, Fred's Pharmacy has entered an agreement with its lenders allowing the company to extend the outside commitment date to as late as Oct. 31.
The Federal Trade Commission is preparing "advice" to block the deal to merge Walgreens Boots Alliance and Rite Aid, according to a Investor's Business Daily report. The news was first reported by Bloomberg. "Shares of Rite Aid sank 14% to 3.03 in afternoon trading on the stock market [and] Walgreens dipped 0.3%. Rival CVS Health (CVS) edged up 0.5%," Investor's Business Daily reported. In addition, shares of Fred's Pharmacy, which has agreed to acquire as many as 1,200 divested Rite Aid locations as part of the deal, dropped 2.5% Friday. (Investor's Business Daily)
While the delay in merger approval has negatively impacted Rite Aid results, company officials acknowledged, the company is working toward improving performance.
Susan G. Komen Chicago is collaborating with Walgreens on a new effort to enourage patients to get mammograms by offering 1,000 Balance Rewards points to patients presenting vouchers proving they had a mammogram done at a participating healthcare facility.
Walgreens Boots Alliance is likely to litigate should the Federal Trade Commission sue to block its proposed merger of Rite Aid, Cowen analyst Charles Rhyee opined according to a StreetInsider.com report published Wednesday. Rite Aid's value "remains significant" Rhyee noted. "This leads us to believe if the FTC were to block, WBA would litigate to win Rite Aid," he said. A deadlocked FTC is also a possibility, according to Rhyee. "The FTC Chairman, Maureen Ohlhausen, who is likely more favorable to the transaction, could use the 1-1 vote as leverage to build consensus and arrive at a consent decree." (StreetInsider.com)
With flu season winding down, Walgreens on Friday released its final Flu Index of the 2016-17 season, noting which markets saw the most activity based on aggregate prescription data between October 2016 and April.
All veterans, active duty military personnel and their immediate family members, including the families of those who lost their lives in service to their country, will receive 20% on eligible store items.
Walgreens Boots Alliance’s SVP communications and international affairs Yves Romestan will be departing the company, according to a report in PRWeek. Laura Vergani, who will become VP international and divisional communications — moving up from her most recent role as VP international communications —will take on many of his responsibilities, the report said. (PRWeek)