Walgreen Co. will be conducting a test of chilled foods at up to 12 stores this fall in a bid to become a bigger player in the growing fresh food sector. Walgreen spokeswoman Tiffani Washington confirmed the test and said the fresh food initiative could help the drugstore chain be eventually seen as “destination for tonight’s meal.” Get the full story »
Walgreen Co.
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Health reform costs hit Walgreen 3Q profit
Walgreen Co, the biggest U.S. drugstore chain, posted a quarterly profit that missed analysts’ view, sending shares down 2.1 percent in pre-market trading. Net income fell to $463 million, or 47 cents a share, in Walgreen’s third quarter ended May 31, from $522 million, or 53 cents a share, a year earlier. Get the full story »
Walgreen, CVS Caremark end spat
It turns out Walgreen Co. and CVS Caremark Corp. need each other after all.
After months of contract negotiations, punctuated by a two-week public brawl, the two drug store giants announced Friday that they have settled a dispute that threatened to prevent thousands of people from getting their prescriptions filled at Walgreens stores.
At issue: How Caremark, one of the nation’s biggest prescription plan operators, prices discounts for prescriptions filled at Walgreens pharmacies, which often compete fiercely with CVS stores on nearby street corners around the United States. Get the full story »
