As a 112-year-old brand steeped in a traditional brick-and-mortar history, Walgreens isn't what you would consider a digital pioneer. Yet the drug store chain has been forced to evolve its business to remain relevant for today's digital-savvy consumers. The transition has admittedly been a slow process, but it's taking shape. In a keynote presentation yesterday at the Shop.org Annual Summit in Chicago, Walgreens’ President and CEO Greg Wasson detailed how the company is embracing digital throughout its organization
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
Philadelphia — Downtown Philadelphia will be the site for Walgreens' next Well Experience flagship store, according to an online report published Friday by CBS/Philly. The new Walgreens will be located at Broad and Chestnut Streets in Center City, filling the space of what was once a Borders bookstore. The retail space extends 26,000 sq. ft. across three floors. The CBS/Philly report suggested the new store will open its doors this fall, citing the real estate agent who brokered the deal. Walgreens Well Experience flagship stores currently are located in Chicago, Las Vegas, New York and Washington, D.C. In addition
Walgreens is piloting a program to hire cognitively and physically disabled employees in its stores across the country, according to CEO Greg Wasson. The company's distribution centers in South Carolina and Connecticut are already about 50 percent staffed with disabled workers, he said.
BioScrip said it will sell certain assets of its community specialty pharmacies and centralized specialty and mail service pharmacy businesses to Walgreens for about $225 million.
NAPLES, Fla. — The Retail Industry Leaders Association has appointed new members to its board of directors, including a new board chairman. RILA said Target chairman, president and CEO Gregg Steinhafel was appointed RILA chairman of the board. Steinhafel, who previously served as vice chairman, succeeds Bill Rhodes, who currently serves as chairman, president and CEO of AutoZone. New members also include Dollar General chairman and CEO Rick Dreiling, who will serve as vice chairman; Walgreens president and CEO Greg Wasson, who will serve as second vice chairman; VF Corp. chairman, president and CEO Eric Wiseman, who will serve