8/7/2014, Chicago area lands Walgreen-Boots holding company
Walgreen has about 5,000 employees at its Deerfield campus. In 2012, the company received an estimated $46 million in income tax credits after agreeing to invest $75 million to expand and renovate its Deerfield corporate offices.
Though the company will retain its operating unit in Deerfield, employees face potential layoffs. Walgreen said the combined company has a three-year plan to cut $1 billion.
Walgreens Boots Alliance, Inc. (Nasdaq: WBA) will visit the Nasdaq MarketSite in Times Square in celebration of the merger of Walgreens and Alliance Boots, and the listing of Walgreens Boots Alliance, Inc. on The Nasdaq Stock Market… Friday, January 9, 2015
Walgreens Boots Alliance Layoffs (comment board)
Flagstaff, Arizona distribution center will SHUT DOWN completely in April 2015.
I heard that we’ll have some closures in California and Illinois but nothing has been confirmed.
Cyclone Changes in 2015. All 24 hour stores to convert operations from 6 A.M./8 A.M. to Midnight. All 3rd shift (overnight) pharmacists eliminated. 2 staff pharmacist with 10 hour shifts each and 1 technician. Any pharmacies filling less than 500 scripts a day will be closed due to “underperformance”. Store managers to work 2 mid shifts a week. Elimination on DM, District RxM, and other positions. All remaining positions must go through a reapplication employment process, with reduction’s on pay rate and benefits. Profit margins must meet or exceed confidential percentages, by the end of March 2015.
7/1/2013, Walgreens Gets A Makeover As It Tries To Win Back Customers
The Chicago, Ill.-based company is coming off a tough year, attempting to recover from a contract dispute with Express Scripts that sent customers running for drugstore competitor CVS. Although that relationship has since been renewed, “We do not expect all of those former customers to return to Walgreens,” Meredith Adler, an analyst at Barclays, wrote in a note to clients in June.
In addition to drugstore competitors, Walgreens is wedged between two retail mammoths, Atkinson said. On one side is pressure from the “gorilla” Walmart, which is beginning to expand more heavily in cities with its smaller concept stores. On the other lurks the online steamroller Amazon, which doesn’t need to open physical stores across the street from Walgreens to grab customers...
Google search for “walgreens restructuring”:
Walgreens Restructuring Plan 2015 – aphub.org
Walgreen Company (WAG) Set To Move To NASDAQ. Walgreen Company (WAG) Set To Move To NASDAQ The shares of “Walgreens Boots Alliance, Inc.” will …
WALGREEN CO .
For the fiscal year ended August 31, 2014
Complaint Regarding Apparent Violations of Regulation FD by Walgreen Co
By CtW Investment Group (2014)
12/13/2014, Wasson’s departure from Walgreen signals the end of an era
Whether or not its headquarters moves abroad, Walgreen now is a foreign company…
As power shifts across the Atlantic, the curtain comes down on Walgreen as we have known it, a quintessential Midwestern company with a conservative strategy and paternalistic corporate culture instilled by a founding family that ran the show until 1999. In its place will be a globally focused company less connected to Chicago, more aggressive in its practices and willing to do whatever it takes to satisfy Wall Street…
Methodically opening stores in new markets, Walgreen steamrolled independent pharmacies. Its stock chugged steadily uphill for 10 years as new stores lifted revenue and profit. As often happens with retailers, however, Walgreen sputtered when it ran out of new territory to conquer. After blanketing the U.S. with stores, it struggled to sustain its growth rates…
It soon became clear Pessina sees things differently from Wasson, the last in a line of trained pharmacists and company lifers to serve as CEO. Pessina pushed for changes antithetical to Walgreen’s ways, winning favor with activist investors clamoring for deeper cost cuts and bigger share buybacks. Wasson moved on both fronts, but not fast or far enough to satisfy investors.
The culture clash came to a head last summer in the debate over moving Walgreen’s headquarters overseas in an “inversion” that would have cut its tax bill sharply. Directors eventually decided possible U.S. government backlash outweighed potential tax savings, handing Wasson a victory that probably sealed his fate with investors who backed a move. The decision came in the wake of a $1 billion forecasting error that sowed doubts about his ability to lead the combined company.
Some think a headquarters move is back on the table at Walgreen. I think it’s already gone.
Restructuring in 2015 (comment board)