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FedEx pickup/drop-off services now available across 7,500 Walgreens locations

BY Michael Johnsen

MEMPHIS, Tenn. — FedEx and Walgreens on Monday announced that FedEx package pickup and drop-off services are now available at more than 7,500 Walgreens locations in all 50 U.S. states. The milestone comes 10 months after the companies announced a long-term alliance agreement to offer convenient access to FedEx pickup and drop off at thousands of Walgreens locations across the country.

“We are thrilled to have reached this significant milestone for our customers ahead of the holiday season, and we look forward to continuing to work with Walgreens to offer convenient and secure pickup and drop-off services around the country,” stated Raj Subramaniam, executive vice president, chief marketing and communications officer, FedEx Corp. “As online shopping grows, our customers are searching for flexible options, and we stand ready to deliver.”

“Our offering with FedEx is another way customers will find our stores even more accessible to meet their needs," added Richard Ashworth, Walgreens president of operations. "It helps our customers by providing a safe and secure delivery option, while making it easy for them to ship returns and other packages through the FedEx networks.”

“This holiday season, 80% of the U.S. population is within nine minutes of a FedEx hold location,” Subramaniam said.

The Walgreens rollout is part of the nationwide expansion of FedEx OnSite, a network of retail locations offering FedEx pick up and drop off services, including the ability to hold packages for up to five business days. In addition to the more than 7,500 participating Walgreens locations, customers can also find FedEx OnSite in select Albertson’s and Kroger grocery stores.

Customers can redirect packages to a FedEx OnSite location or other FedEx hold locations, including more than 1,800 FedEx Office locations, using FedEx Delivery Manager.

 

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Rite Aid promotes 2 finance vets

BY David Salazar

CAMP HILL, Pa. — Rite Aid has promoted two of its own financial executives to new positions. The company named Matt Schroeder senior vice president, chief accounting officer and treasurer, and named Brian Hoover group vice president and controller, effective immediately.

Schroeder moves into the new position from his role as the chain’s group vice president of strategy, investor relations and treasurer. Schroeder has been with Rite Aid since 2000 when he joined as vice president of financial accounting, and he has been in his most recent role since 2010. He succeeds Doug Donley, who is retiring after more than 20 years with the company.

“Matt is a highly regarded member of Rite Aid's management team who has deep knowledge of our business and the overall retail healthcare industry,” Rite Aid CFO and chief administrative officer Darren Karst said. “I am confident we will continue to benefit from Matt's expertise and leadership in our efforts going forward. We also wish to thank Doug for his significant contributions to the company throughout his career at Rite Aid and wish him well in his future plans.”

Hoover was most recently Rite Aid’s vice president of financial accounting. He’s been with the company since 1995, when he joined as a financial analyst, moving through various accounting positions with increasing responsibility until being named to his most recent position in 2008. He previously worked at KPGM as a staff auditor.

“Brian has been a tremendous asset to our team and I am confident that his talent and leadership will continue to serve our company well in this new role,” Karst added. 

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Costco’s October beats expectations

BY Marianne Wilson

Costco Wholesale posted a 10.1% increase in revenue amid increases in sales traffic and a big increase in online sales.

Costco’s net sales rose 10.1% to $10.02 billion for the four weeks ended Oct. 29, from $9.11 billion during the similar period last year.

Total same-store sales increased 7.5%, ahead of the Street forecast, with a 7% increase in U.S., and a 9% rise in Canada. Other International comparable sales rose 8.2%. For the second consecutive month, comparable e-commerce sales rose 31%.

Monthly comparable sales, excluding the impacts from changes in gasoline prices and foreign exchange, were up 5.6%, with a 5.9% rise in U.S. and a 2.8% increase in Canada. Other International comparable sales rose 7.4%.

Commenting on the results, Ray Young, analyst with Gordon Haskett Research Advisors, said Costco continues to deliver, and that its U.S. sales trends remain “incredibly steady and solid.”

He noted that the retailer’s traffic trends also remain healthy, both globally (up 3.9%) and in the U.S. (up 4.1%).

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