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.
A nationwide opioid epidemic is fueling the need for safe disposal of prescription and over-the-counter drugs. What you should know before tossing out your unused medications.
Walgreens is closing 200 stores in the U.S. -- the most the company has done at once. The cost-cutting move comes as a result of the merger with Boots Alliance. Crain's Chicago Business retail reporter Brigid Sweeney has the latest details.
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.
Is the Merchandise Mart about to get a major new tenant? Kris Kridel of WBBM Newsradio 780 and 105.9FM has that story, and more top business headlines.
It's increasingly becoming the new doctor's office -- but without doctors. They are health clinics at retail stores. Eddie Arruza tells us why more people with everyday illnesses are opting to go to their local drugstore or big box chain for treatment.