Walgreens Announces Share Repurchase Program

The board of directors of Walgreen Co. has authorized a new $1 billion share repurchase program, which will expire at the end of 2012. The board also declared a regular quarterly dividend of 17.5 cents per share, a 27.3% increase over the year-ago dividend. The dividend is payable Dec. 11, 2010, to shareholders of record

Walgreens Showcases Products by Hispanic-Owned Businesses

Walgreens is highlighting the successes of Hispanic-owned businesses during Hispanic Heritage Month in October as part of its Community Corner program, a supplier diversity initiative designed to allow consumers to easily identify and purchase products produced by diverse companies. Walgreens is recognizing the Latino vendor partners through print advertisements, in-store announcements, in-store product demonstrations and

Meeting the Demand for Fresh Foods

Rx for Dinner   Walgreen’s drug chain recently announced that it will test market chilled foods at a dozen of its 7,500 stores this fall to determine if busy consumers are willing to stop at a drug store for a grab-and-go lunch or dinner. While full details of the test have not been made public,

Walgreens Adds New Snack, Beverage Line

This week Walgreens is bringing a taste of New York to its stores across the country as it begins offering the DR (Duane Reade) Delish line of premium snacks and beverages. Pronounced like the first two syllables of “delicious,” this high quality private brand has been a hit with New Yorkers since it debuted at

Walgreens Competes With Chicago C-stores on Food

Walgreens today is unveiling its new expanded food selection in several Chicago communities identified as food deserts, or areas that lack access to basic foods necessary to maintain a healthy diet. Walgreens has redesigned 10 of its stores on Chicago’s South and West Sides to include more than 750 new food items including fresh fruits

Walgreens Launches Social Responsibility Web site

Walgreens has introduced a new Web site for socially-conscious consumers, investors and employees to find information about its commitment to community, diversity, supplier diversity, disability inclusion and the environment. Walgreens.com/responsibility allows users to find new articles, personal stories, videos and interactive features about the company’s benefits to the communities it serves. The new site showcases

Walgreens Tests Fresh Food

Walgreens is venturing into convenience store territory as it begins to conduct a test of chilled foods at 12 of its stores this fall, feeling out its ability to thrive in the growing fresh foods market, the Wall Street Journal reported. Walgreen spokeswoman Tiffani Washington confirmed the test noting the fresh food initiative could help

Inside the Mind of the Shopper

At the NACS Summit in Chicago this week, Matt McCourt, director of Convenience / Spirits for SymphonyIRI Group, gave insight into consumer purchasing patterns across multiple channels and how to reach shoppers in a changing environment. “Consumers are thinking about daily living costs. We’re seeing a new conservative shopper driven by affordable indulgences,” McCourt told

Walgreens Finalizes Duane Reade Acquisition

Walgreen Co. has completed the acquisition of Duane Reade Holdings Inc. The transaction includes all 258 Duane Reade stores in the New York City metropolitan area, as well as Duane Reade’s corporate office and two distribution centers. “Just as Walgreens has been a trusted community pharmacy for more than 100 years, we plan for Duane

Low Prices Replace Customer Service As Loyalty Driver

In a vast departure from COLLOQUY’s 2008 report on consumer loyalty to U.S retailers, Walmart dominated the 2010 COLLOQUY Retail Loyalty Index, in results that reflect a reality of the Great Recession – low prices drove consumer loyalty. COLLOQUY, the publishing, education and research division of LoyaltyOne, previously published the COLLOQUY Retail Loyalty Index in

Walgreens Moves Forward With Duane Reade Acquisition

Walgreen Co. has received the regulatory clearance from the U.S. Federal Trade Commission needed to complete the acquisition of Duane Reade Holdings Inc. “We’re clear to move forward and complete the Duane Reade acquisition, which will immediately give Walgreens a leading position in the nation’s largest drugstore market,” said Walgreens president and CEO Greg Wasson.

Walgreens Launches Pilot Program in Dallas/Fort Worth

Walgreens is launching a pilot program in the Dallas/Fort Worth area to broaden its workforce and disability inclusion initiatives. The program aims to hire people with disabilities for 10% of service clerk openings at stores in the area. On average, Walgreens hires more than 1,600 service clerks a year in this area alone. “Once this

Walgreens Announces Community Corner Program

  Walgreens, the nation’s largest drugstore chain, is introducing a new Community Corner program designed to highlight the successes of minority-owned businesses. This first-of-its-kind supplier diversity initiative is designed to allow consumers to easily identify and purchase products produced by diverse companies. Walgreens will recognize these vendor partners through print advertisements, in-store announcements, coupon booklets,

Walgreen’s Fresh Food, Alcohol Sales Up The Competition

Deerfield, Ill.-based Walgreen Co. is getting into fresh foods and prepared meals to draw “time-starved” customers to its more than 7,000 stores, Business Week reported The drugstore chain has been talking with foodmakers including Unilever NV, Nestle SA and Sara Lee Corp. about creating private-label and branded products, according to Bryan Pugh, vice president of

Competition Brews for Beer Sales

Convenience stores across the country are facing burgeoning competition on beer and wine sales from drug store giant Walgreens, which is branching back into the adult beverages category. Walgreens is adding beer sales due to “a direct response to consumer demand,” said Robert Elfinger, spokesperson for the Deerfield, Ill. drug store chain. It plans to

Redbox Heads To 7-Eleven

An instant video-rental concept is moving into a leading c-store chain after storming the  grocery channel. Redbox is spreading into 7-Eleven stores nationwide as it continues its focus on the c-store market. Starting this month and continuing through next year, Redbox will be installing its DVD rental machines into 2,600 7-Eleven locations nationwide, boosting its

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