Joe Keenan is the executive editor of Total Retail. Joe has more than 10 years experience covering the retail industry, and enjoys profiling innovative companies and people in the space.

Walgreens said it plans to close 76 unprofitable drugstores by August as part of a plan to save $40 million to $50 million per year beginning in its fiscal 2015. The drugstore chain, the nation's largest, declined to specify the locations of the stores slated to close aside from saying they're "spread across the country." Walgreens said it will confirm the closures in the coming months after it notifies employees. Most stores that will close either have had other Walgreens locations open in the same area or have seen real estate values decline since they've opened, the company said.

DEERFIELD, Ill. — July sales at Walgreens experienced an 8% boost. They totaled $6.03 billion, up from $5.59 billion for the same month in fiscal 2012. Comparable-store sales increased by 6.3% in...

DEERFIELD, Ill. - Gov. Pat Quinn says Walgreen Co. plans to expand its operations in Illinois and create 500 jobs over the next three years.In announcing the expansion Friday, Quinn and Walgreen said the agreement is part of the "Invest Illinois Initiative." It calls for Walgreen to invest $75 million to expand and renovate more than two dozen corporate offices in northern Illinois.Quinn says the expansion will create good paying jobs, attract more investment and help fuel the state's economic recovery.Under the terms of the deal, Walgreen will also be eligible for tax credits tied to retaining 1,500 existing

DEERFIELD, Ill. – Walgreen Co. and Express Scripts Inc. (ESI) have signed a multiyear pharmacy network agreement under which the nation’s largest drug chain will rejoin the broadest Express Scripts retail pharmacy network available to new and existing ESI clients. Walgreens decided not to renew its contract with ESI in January, contending that the reimbursement rates offered by the pharmacy benefits manager (PBM) were inadequate. During the ensuing six-and-a-half-month standoff Walgreens saw its overall top line, its pharmacy sales and its prescription counts fall. According to the drug chain, about 10% of its pharmacy business, totaling approximately 88 million

More Blogs