Walgreens Boots Alliance generated a solid first quarter while launching a cost management program that will look to save more than $1 billion.
Kroger and Walgreens recently expanded on the exploratory pilot concept the two retailers announced in October, in which the companies began testing a concept combining Kroger’s grocery expertise with Walgreens’ mix of pharmacy, health and beauty.
Walgreens and Rite Aid have terminated their merger agreement. The decision to terminate the merger agreement follows feedback on the merger’s prospects received from the Federal Trade Commission, Rite Aid said. Rite Aid added that the potential FTC objection led the company to believe that the parties would not have obtained the commission’s clearance to complete the merger.