Walgreens Buying Rite Aid, Creating Drugstore GiantWalgreens is buying rival Rite Aid for about $9.41 billion in cash, creating a drugstore giant with nearly 18,000 stores around the world.
Walgreens Aims to Close About 200 U.S. StoresWalgreens will shutter about 200 U.S. stores as part of an expanded cost reduction push, but the nation's largest drugstore chain has no plans to shrink in the wake of its combination with European health and beauty retailer Alliance Boots.
More Retailers Join the Fight Against 'Living Wage' BillAutoZone, Lowe's, Home Depot, Macy's, Target and Walgreens have joined Wal-Mart in officially opposing a D.C. bill that would require some large retailers in the city to pay their workers more.
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