In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
The numbers show us that Apple Pay is far from the mainstream. Unless some sort of radical paradigm shift occurs; it will be well over a decade before average Americans even consider this solution.
Read More
All this indicates that the FTC has a very good point about Fred’s; it does not have the resources to operate all those Rite Aid locations. Fred’s reported revenues of $2.15 billion, a free cash flow of $28.25 million, assets of $740.88 million and cash and short-term investments of $5.692 million on October 31, 2016.
Read More
Rite Aid reported revenues of $32.64 billion in August 2016 that fell slightly to $32.57 billion in November 2016, Ycharts data indicated. During the same period in 2015, Rite Aid’s revenues grew by $1.46 billion; rising from $27.85 billion in August 2015 to $29.31 billion in November 2015.
Read More
Rite Aid’s appeal to Walgreen Boots Alliance can be summed up in just word: revenue. Walgreen gets an extra $32.64 billion in potential revenue; for an investment of just $9.14 billion, which sounds like a pretty good deal to me.
Read More
Walgreens was not able to compete directly with Amazon online. The online-retail Goliath threatens Walgreens; which is heavily reliant on sales of beauty products, nonprescription drugs and toiletries.
Read More
The most interesting twist in this saga is that it appears Walgreen Boots Alliance can survive without Rite Aid, but Rite Aid might perish without Walgreen. The May 31 numbers show that Walgreen is making money but Rite Aid is not.
Read More
Android Pay is spreading to more retailers and banks in the United States. Its most popular feature will be a rather old fashioned one – the ability to get cash. According to Mashable, some customers will be able to get cash from Bank of America (NYSE: BAC) ATMs using Android Pay.
Read More
Another possibility is that Walgreen will dismember Rite Aid in order to comply with the FTC’s wishes. The larger drug store operator might sell off a large percentage of Rite Aid’s stores, and keep just the ones it wants.
Read More
Turning the clinics over to others proves Walgreens is a good company. It is getting out of a business far from its area of expertise, drugs and retail, yet doing it in a way that does not drive customers away.
Read More
Even if Walgreen is forced to sell or close up to 1,000 Rite Aid locations to comply with U.S. antitrust laws, it would still operate around 16,355 stores worldwide and 11,773 locations in the USA. Note that some analysts think that Walgreen might end up closing as many as 3,000 stores, according to Fortune.
Read More