In December, Walgreens announced its plans to cut more than $1 billion from its annual costs over the next three years in order to stay agile in an increasingly competitive retail space. As Amazon continues to edge into the pharmaceutical space, Walgreens has increased its partnerships and consumer offerings. The drug store completed its nearly $4.4 billion acquisition of more than 1,900 Rite Aid stores and three distribution centers in March, although the stores won’t be fully integrated into Walgreens until the 2020 fiscal year. In the past year, the drugstore has also partnered with Humana to offer senior-focused care, Alphabet’s Verily to assist patients with chronic illness, FedEx to offer next-day prescription delivery, and Kroger to test an in-store grocery pilot and let Walgreens serve as a pickup point for online grocery orders. The drugstore has also cleared space for CBD products to be sold in 1,500 stores across nine states.
Looking for leads, investment insights, or competitive intelligence?
News about Walgreens Boots Alliance
Microsoft's third quarter sales for the fiscal year hit $30.6 billion, up 14% over the same period in 2018.
Which stores and restaurants observe the holiday?
The move comes a week after CVS said it will sell CBD products in 800 of its stores.
Walgreens, Circle K, Walmart, and Exxon were all called out by the FDA for selling tobacco to minors.
"Me and my son would be very grateful if you could just forget about this," the accused told California pharmacy board officials.