The retailer plans to hire 15,000 additional staff, mostly pharmacy technicians.
The drugstore giant also reports a quarterly loss of $1.7 billion. It and rival CVS are delving deeper into the health and wellness field.
At the same time, the retailer's scaling back its in-store clinics.
Pharmacy chain Walgreens reported a 3.8 percent drop in sales for the quarter. The company cited a weak cough, cold and flu season — and declining profits from generic and branded prescription drugs. Click the audio player above to hear the full story.
Big pharmacy chains like Walgreens and Rite Aid market a healthy lifestyle, while also selling cigarettes and other tobacco products.
Hear that thud? That’s the sound of Amazon getting into the retail pharmacy business. Today the online retail giant snatched up PillPack, an online pharmacy that presorts prescription drugs and delivers them to your door. Walgreens, Rite Aid and CVS all saw their stock prices take a dive in early trading on news of the […]
Walgreens may shutter hundreds of Rite Aid stores this spring. The drugstore giant bought more than 1,900 stores from its rival last fall. And Walgreen says it still plans to close about a third of them. So what benefits will the company get from that plan? Click the audio player above to hear the full […]
Some national store-brands do not have any traces of the plant, Bloomberg reports.
The blood-testing startup has been plagued with problems.