Jul 1, 2022
Walgreens: without a sale of Boots, US group needs a health check
Walgreens Boots Alliance's decision not to give Boots the boot creates a problem. Proceeds from the sale of the UK chain would have accelerated the expansion of Walgreens Health. Across nearly 9,000 stores in the US, prescription drug sale margins are being squeezed by pressure to cut prices and cheaper generics. US retail sales account for about four-fifths of Walgreens' revenues. At rival drugstore operator CVS, retail sales account for just a third of group revenues.
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