by Mike Duff | May 20, 2025 | Retail Articles
CVS Pharmacy has agreed to acquire and operate 64 Rite Aid stores in Idaho, Oregon and Washington. As Rite Aid’s Chapter 11 bankruptcy proceedings continue, the CVS Health division said it also had acquired the prescription files of 625 Rite Aid pharmacies across 15...
by Mike Duff | Apr 8, 2025 | Retail Articles
Soft retail results hit Walgreens Boots Alliance, as second-quarter earnings declined and revenues increased, but both exceeded Wall Street estimates. Company net loss was $2.85 billion, or $3.30 per diluted share, versus a company net loss of $5.91 billion, or $6.85...
by Mike Duff | Mar 20, 2025 | Retail Articles
Market researcher Numerator reported consumer confidence held steady by the company’s measure in February, with 36% of consumers saying they’re putting spare cash in savings and 33% saying they’re paying down debt. However, 11% of consumers said they...
by Mike Duff | Mar 10, 2025 | Retail Articles
Private equity firm Sycamore partners has acquired Walgreens Boots Alliance in a transaction estimated to total $23.7 billion. Walgreens shareholders will receive $11.45 per share in cash at the deal’s closing and one non-transferable right to receive up to $3 in cash...
by Mike Duff | Jan 10, 2025 | Retail Articles
As it engages in a turnaround effort, Walgreens Boots Alliance posted lower earnings and lower retail comparable sales but still beat Wall Street estimates. Company net loss in the first quarter was $265 million, or 31 cents per share, versus a net loss of $67...
