In December, Walgreen’s announced a 40% stake in Sinopharm Holding Guoda Drugstores in China, expanding the company’s global reach. And the pharma retailer is getting into the data game, having spent over $500 million to-date on updating pharmacy management and data collection system and turning its 88.6 million user “Balance Rewards” program into a customer insight tool. Despite these expansion efforts and stronger than expected Q3 earnings, shareholders have watched the pharma retailer’s shares drop amid Amazon’s plans to buy online pharmacy PillPack.
Looking for leads, investment insights, or competitive intelligence?
News about Walgreens Boots Alliance
Check your salads and wraps purchased from Trader Joe's, Walgreens, and Kroger.
Must-read business news, delivered every morning.
The move instantly turns Amazon into a major online druggist.
As Walgreens stock jumps 5%.
The change marks the end of an era for GE and reflects an evolving U.S. economy.