Walgreens Boots Alliance acquisition by Sycamore Partners

Walgreens Boots Alliance has agreed to be acquired by private equity firm Sycamore Partners for $10 billion, allowing the struggling retailer to make changes without worrying about Wall Street's reaction. The buyout will give Walgreens more flexibility to improve its business after years of losing money.

Youth Suspects Arrested for Stealing from Walgreens in San Francisco

A group of young suspects, as young as 12, were arrested for stealing from multiple Walgreens locations in San Francisco, totaling $84,000 in stolen merchandise. The suspects, including an 18-year-old, were charged with various theft-related offenses.

Retailers Lowering Prices in Response to Inflation

Walgreens and other major retailers are lowering prices on over a thousand items in response to rising inflation in the US. First Lady Jill Biden claimed that President Joe Biden instructed companies to lower prices to combat inflation.

US Retailers Closing Stores in 2023

In 2023, US retailers closed almost 5,500 stores, with major brands like Bed Bath & Beyond, Walgreens, and Rite Aid leading the closures. The home and office sector was hit hardest, accounting for over 30% of closures. Several retailers went bankrupt and liquidated stores due to poor sales and escalating theft. Despite high closures, there were also many store openings in the same year.

Assault at Walgreens store in Florida

A man in Florida struck a Walgreens store manager with a Bible after a verbal altercation over headphones, resulting in a felony battery charge.

Pharmacies Selling Abortion Drugs

CVS and Walgreens are set to begin selling abortion drugs following the FDA's rollback of safety restrictions for mifepristone. The move comes ahead of a Supreme Court battle challenging the FDA's decision. The drugs will be dispensed with a prescription in select locations.