Walgreens Boots Alliance said on Tuesday it would shut 1,200 stores over the next three years as new CEO Tim Wentworth plots a turnaround at the struggling...
- Walgreens Boots Alliance said on Tuesday it would shut 1,200 stores over the next three years as new CEO Tim Wentworth plots a turnaround at the struggling pharmacy chain operator hit by sluggish consumer spending and low drug reimbursement rates.
As a result, Walgreens' stock is trading near 30-year lows and down 65% this year, making it the worst performing stock on the S&P 500 index. The closures were announced in June but the company had not disclosed the number of affected stores at that time. It had over 8,000 stores in the United States as of Aug. 31 last year.
Comparable retail sales fell 1.7%, hurt by "a challenging retail environment". Sales of groceries and other items at Walgreens stores have been hit as consumers increasingly hunt for bargains and shun higher-priced items. ANNAPOLIS, Md., October 15, 2024--This Breast Cancer Awareness Month, TOUCH, The Black Breast Cancer Alliance and Unite for HER are honored to announce Care for HER—a new campaign that seeks to educate about breast cancer health disparities and the impact of integrative care and culturally tailored nurse navigation while directly providing these services for free to Black Breast Cancer patients in the United States.
BOSTON, October 15, 2024--State Street Corporation reported its third-quarter 2024 financial results today. The news release, presentation and additional financial information can be accessed on State Street’s Investor Relations website, http://investors.statestreet.com. A conference call to discuss the firm’s financial results, outlook and related matters will be held at 12:00 p.m. ET today, Tuesday, October 15, 2024. The call will be open to the public.
Tim Wentworth Grocery Items Walgreens Drug Reimbursement Turnaround
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Armstead aims to prove his 200-yard performance in Roughriders' debut was no flukeWatch Ryquell Armstead and the Riders take on the Redblacks LIVE Saturday afternoon on CTV at 3:00pm ET/Noon PT. You can also see a data enhanced feed streaming LIVE on TSN+.
Read more »
Armstead aims to prove his 200-yard performance in Roughriders' debut was no flukeREGINA — While Saskatchewan Roughriders tailback Ryquell Armstead might have some extra motivation heading into Saturday’s game against the Ottawa Redlbacks, he’s adamant that his focus is on helping his new team win.
Read more »
Belarus opposition urges immediate release of over 200 political prisoners in dire stateBelarusian opposition leader in exile Sviatlana Tsikhanouskaya on Thursday said 224 political prisoners in Belarus must be freed urgently, and called on Western countries to negotiate their release with the Belarusian authorities.
Read more »
Canyoneer Dies in Zion National Park After Falling Nearly 200 FeetA 40-year-old canyoneer died Saturday evening after falling between 150 and 200 feet near the Upper Emerald Pool in Zion National Park. He was rappelling with three others when the fall occurred. The National Park Service confirmed the death was accidental.
Read more »
Alcaraz becomes 2nd-fastest player to reach 200 tour-level wins, cruises into China Open quarterfinalsSpain's Carlos Alcaraz returns a forehand shot during his 6-1, 6-2 win over Tallon Griekspoor of the Netherlands in the Round of 16 at the China Open in Beijing on Sunday.
Read more »
Zimbabwe to cull 200 elephants to feed citizens left hungry by droughtZimbabwe has authorized a mass slaughter of elephants to feed citizens left hungry by its worst drought in decades.
Read more »