Walgreens says it will now have the flexibility to invest in and focus on its retail business which, like others, has been rattled by the COVID-19 pandemic.
The Deerfield, Illinois-based drugstore chain said Thursday it made $373 million in the final quarter of fiscal 2020 after losing $1.7 billion the previous quarter, when millions of shoppers stayed home to avoid the rapidly spreading pandemic.
A Cook County judge has denied bond for the 18-year-old high school student who is accused of calmly and methodically stabbing a Walgreens employee to death Sunday inside the Wicker Park store where she worked.
Chicago police have charged Sincere Williams, 18, with first-degree murder in the fatal stabbing of a Walgreens employee as she was stocking shelves inside a Northwest Side store Sunday.
The Deerfield, Illinois-based drugstore chain said Thursday that the rapidly spreading coronavirus took a bite of between $700 million and $750 million from sales, with much of the damage coming from outside the United States.
Walgreens has been exploring a potential deal to take the company private in what could become the largest leveraged buyout in history.
The company didn’t say how many people were let go, but a Tribune report pegged the number at 100 employees at its Deerfield headquarters.
Walgreens slashed its 2019 forecast and missed second-quarter expectations with a performance that sent its shares plunging Tuesday and helped knock down the Dow Jones Industrial Average.
A top U.S. regulator wants to meet with Walgreens leaders to discuss whether the drugstore chain has a problem with illegal tobacco sales to minors.
Walgreens said Thursday it will partner with FedEx to deliver prescriptions as soon as the next day for a $4.99 fee, and it also is providing same-day deliveries in several cities including Chicago.
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Will Walgreens & Cosi Move from Illinois?
We take a closer look at whether Deerfield-based Walgreens will move to Switzerland due to pressure from a block of investors. And could Cosi, the struggling restaurant chain also based in Deerfield, be moving out of state? Brigid Sweeney from Crain’s Chicago Business gives us the details. View a timeline of Walgreens' history.
Deerfield-based Walgreens opens its first totally green “Net-Zero Energy” store in Evanston. We take a tour and go behind the scenes to see what makes this an ultra environmentally friendly store, producing all of its own energy with solar panels and wind turbines. Watch web extra videos and view a slideshow.
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