With the announcement of its first-quarter results, Walgreens continues to fire on all cylinders of its straight-three engine, including advancements across its Well Experience store base, the continued transformation of its pharmacy operations to better meet the needs of today's evolving healthcare system and the further establishment of a global supply chain to drive economies of scale.
CNNMoney on Thursday featured a Q&A with Greg Wasson, Walgreens president CEO, to talk about how health care is transforming and how Walgreens is rethinking what it means to be a drug store in what will become a new healthcare paradigm with the implementation of the Patient Protection and Affordable Care Act in January.
During the National Association of Chain Drug Stores Annual Meeting today, the association elected the new officers, two new executive committee members and four new board of directors members for the coming year.
Walgreens will no longer source branded prescription medicines directly from suppliers beginning in September, the Chicago-based retailer announced as part of a significant partnership between Walgreens, Alliance Boots and AmerisourceBergen that includes Walgreens and Alliance Boots potentially taking a 7% stake in the Pennsylvania wholesaler.
For years, Wall Street — and customers, too — rewarded Walgreens for being the hedgehog of retail. A homage to the old Aesop fable, unlike the fox, the hedgehog is steady and methodical. And, that’s just how Walgreens operated its business.
Walgreens, the kaleidoscopic company that wants to “own well,” is shuffling management and realigning operations as it works to knock down its remaining internal silos and create a seamless, broad-based retail health-and- wellness dynamo.