Retail took some surprising twists in 2024, as the view forward from 2023 didn’t reveal how the way forward would have so many twists and turns. Of course, some developments fell into old patterns and some weaker retailers fell by the wayside. Meanwhile, an...
Walgreens shoppers surveyed by market researcher Numerator said they are prepared to switch to other drug chains and mass merchants if impacted by the planned closure of some 1,200 Walgreens stores. Walgreens recently reported it would close 1,200 underperforming...
Walgreens Boots Alliance revealed it plans to close 1,200 underperforming stores as it reported fourth-quarter earnings declines in its overall and U.S. retail operations while sales gained in both segments. Walgreens’ adjusted earnings per share and sales did...
This summer has brought a wave of retail leadership moves, including at Pier1.com operator Omni Retail Enterprises and Walgreens Boots Alliance, which is reconfiguring the company around store operations after narrowing its healthcare focus. ODP Corp., Target, CVS...
Walgreens Boots Alliance, which fell short of a third-quarter earnings estimate despite better-than-expected revenues, reported it is reconfiguring its retail pharmacy operations in a plan that includes closing underperforming stores. Company net earnings were $344...
