With fourth quarter profits exceeding Wall Street expectations, Walgreens Boots Alliance touted gains for both the period and the fiscal year despite weak U.S. retail comps.
Walgreens Boots Alliance has completed the previously announced agreement to acquire a 40% minority stake in Sinopharm Holding GuoDa Drugstores Co., Ltd. (GuoDa), a leading retail pharmacy chain in China.
As part of a pilot program at 17 Gainesville, Florida, area stores, Walgreens is bringing together new approaches to pricing and promotions, product selection, the shopping experience and strategic collaborations to bring new services to customers.
Rite Aid has completed the first phase of its amended asset purchase agreement with Walgreens Boots Alliance. The company transferred 97 Rite Aid stores and related assets to Walgreens.