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WALGREENS

  • Private-label implementation to eat up 50% of food share

    NEW YORK — The share of private-label brands and products will double to 50% by 2025, thanks to a continued emphasis made by retailers.

    In a new report released by Rabobank's Food and Agribusiness Research division, author Sebastiaan Schreijen noted that national brands and smaller, secondary brands (referred to as "A" and "B" brands, respectively) will prompt an intense price competition and therefore will cause the private-label market to become chock-full of higher-quality "B"-brand products at lower prices.

  • Walgreens thinks big with multichannel plans

    WHAT IT MEANS AND WHY IT'S IMPORTANT — Almost two-thirds of consumers live within 3 miles of a Walgreens. For the rest of America, Walgreens is using its multichannel strategy to get even closer. The deal with Drugstore.com considerably accelerates the chain's plans.

    (THE NEWS: Walgreens boosts online presence with Drugstore.com acquisition. For the full story, click here.)

  • DeVito/Verdi to continue handling Duane Reade's advertising, public relations

    NEW YORK — Duane Reade, which is owned by Walgreens, has extended its contract with DeVito/Verdi, the New York ad agency that assisted with its marketing metamorphosis.

    "The street-smart ad campaign created by DeVito/Verdi certainly helped transform the Duane Reade brand," stated Paul Tiberio, SVP merchandising and marketing for Duane Reade. "We're looking forward to having the agency continue to give voice to this iconoclastic brand."

  • NewsBytes on WAG's community Rx conference, ABC CEO's retirement, CHPA's new chair and more

    DEERFIELD, Ill. — Walgreens in March expanded Joseph Magnacca’s role. As president of daily living products and solutions, Magnacca — the former Shoppers Drug Mart vet who as chief merchant of Duane Reade proved instrumental in the reinvention of the New York drug store chain — will oversee Walgreens’ marketing and merchandising operations, led by chief marketing officer Kim Feil and chief merchandising officer Bryan Pugh, but will report directly to president and CEO Greg Wasson.

  • Walgreens boosts online presence with Drugstore.com acquisition

    DEERFIELD, Ill., and BELLEVUE, Wash. — Shortly after posting record second-quarter sales on Tuesday, Walgreens announced that it would "accelerate its online strategy" by acquiring e-retailer Drugstore.com for about $429 million, subject to customary conditions.

  • Walgreens embraces Earth Day

    DEERFIELD, Ill. — In celebration of Earth Day this weekend, Walgreens will turn off select interior lights and lighted exterior signage at 1,415 stores across the country for one hour on Saturday.

    In New York, the Walgreens billboard in Times Square also will go dark, the drug store chain said.

  • Top markets for retailers revealed

    NEW YORK — A new report released this week unveiled the top go-to markets for retailers that are looking to boost their national presence.

    In the ChainLinks/Terranomics' 2011 U.S. national retail report, the healthiest retail market in the nation was Washington, D.C., followed by San Francisco; New York; Boston; San Diego; San Jose/South Bay, Calif.; Baltimore; Philadelphia; Seattle and Pittsburgh.

  • Walgreens posts monster Q2 gains

    DEERFIELD, Ill. — With record second-quarter sales and earnings under its belt, a grasp on 20.1% of the retail prescription drug market and a sharpened focus on core assets, Walgreens' executives expressed optimism on future growth — despite such external challenges as a soft economy and continued pressure on Medicaid reimbursement — and reiterated the company's focus on core strategies.

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