Forbes October 22, 2024
Even though Walgreens is closing 1,200 stores and potentially hundreds more, the retail pharmacy giant plans to invest in locations that remain by launching hundreds of less expensive owned brands focused on health, wellness and women’s health.
The new strategy starting to emerge this week at HLTH 2024 in Las Vegas and in calls with analysts comes on top of investments in more lucrative specialty pharmacy services while reducing debt that already decreased $1.9 billion in fiscal 2024.
“Having earned our consumers’ trust, indeed our reason to exist, we also want to be accessible and convenient, but we need to be appropriately sized,” Tim Wentworth, who took over as Walgreens chief executive officer a year ago, told analysts on the...
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