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Walgreens is an American company that operates the second-largest pharmacy store chain in the United States, behind CVS Health. It specializes in filling prescriptions, health and wellness products, health information, and photo services. It was founded in Chicago in 1901, and is headquartered in the Chicago suburb of Deerfield, Illinois.
Walgreens announced Wednesday it would continue to cut prices on some 1,300 items — the latest company to pivot to value amid signs U.S. consumers are experiencing spending fatigue.
Walgreens is joining other retailers in cutting prices across the board, from snacks to toiletries and even Squishmallows, in an effort to lure back inflation-weary shoppers turned off by high prices.
Still, Walgreens managed to beat earnings expectations, reporting earnings per share of $1.20 compared to analyst expectations of $0.82. The company's stock was up nearly 4% in trading Thursday.
Rosalind "Roz" G. Brewer (born 1962) is an American businesswoman and former CEO of Walgreens Boots Alliance, before stepping down in September 2023. Brewer is the first woman to become CEO of Walgreens Boots Alliance, group president and COO of Starbucks, and CEO of Sam's Club. She currently serves as a member of the President's Export Council.
By 1927, Walgreen had established 110 stores. His son Charles Rudolph Walgreen Jr. (March 4, 1906 – February 10, 2007) and grandson Charles R. Walgreen III both shared his name and played prominent roles in the company he founded. His daughter, Ruth Walgreen, married Justin Whitlock Dart, who left the Walgreens company after they divorced and ...
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