Headlines

Walgreens Seeks Buyer for 650 Stores

CVS explores option to purchase some

Published

8 years ago

September 30, 2016

Walgreens (Deerfield, Ill.) is seeking a buyer for 650 of its stores that it needs to sell in order for its acquisition with Rite Aid (Camp Hill, Pa.) to go through. According to the New York Post, however, sources say that it is having trouble finding buyers for these locations.

While the company would like to sell the stores to one buyer, CVS (Woonsocket, R.I.) has reportedly shown interest in buying some of the stores in areas where they are not already operating. The two companies have met jointly with the Federal Trade Commission to discuss that option. No details were available about whether the FTC would allow that transaction to happen.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design