• Wed, Jan. 11, 9:09 AM
    • Rite Aid (NYSE:RAD) shoots higher in premarket trading after New York Post reports that FTC approval on the merger with Walgreens Boots Alliance (NASDAQ:WBA) is only days away.
    • Sources indicate FTC Commissioner Maureen Ohlausen isn't going to block the deal.
    • RAD +3.85% premarket to $8.64. WBA +0.77% to $83.31.
    Wed, Jan. 11, 9:09 AM | 36 Comments
  • Wed, Jan. 11, 7:59 AM
    • Walgreens (NASDAQ:WBA) and FedEx (NYSE:FDX) announce a long-term partnership to add access to FedEx dropoff and pickup services at thousands of Walgreens locations across the U.S. 
    • The company expect to have the program available later this calendar year after an initial small rollout this spring.
    • “The addition of Walgreens locations to the existing network of FedEx retail offerings will substantially increase customer access to staffed pickup and dropoff locations and enhance convenient access to FedEx Ground and FedEx Express package shipment and dropoff options," says a top FedEx marketing exec.
    • Source: Press Release
    Wed, Jan. 11, 7:59 AM | 8 Comments
  • Sat, Jan. 7, 11:08 AM
    Sat, Jan. 7, 11:08 AM
  • Thu, Jan. 5, 7:01 AM
    • Walgreens Boots (NASDAQ:WBA): FQ1 EPS of $1.10 beats by $0.01.
    • Revenue of $28.5B (-1.8% Y/Y) misses by $740M.
    • Shares -0.36% PM.
    • Press Release
    Thu, Jan. 5, 7:01 AM | 1 Comment
  • Wed, Jan. 4, 5:30 PM
    Wed, Jan. 4, 5:30 PM | 1 Comment
  • Dec. 20, 2016, 8:51 AM
    • Analysts are going to be very busy resetting expectations on Fred's (NASDAQ:FRED) after the company's monster acquisition of 865 Rite Aid stores for $950M. They can take their cues from Fred's management which is already talking up the upside.
    • "This will be a transformative event for Fred's Pharmacy that will accelerate our healthcare growth strategy through our acquisition of 865 new stores located in highly attractive markets," says Fred's Pharmacy CEO Michael Bloom
    • The company expects that the acquired stores will be accretive to earnings and generate "substantial" cash flow.
    • Fred's plans to run the 865 acquired stores under the Rite Aid banner for two years.
    • The deal is expected to close in the first half of 2017.
    • Previously: Fred's inks deal to buy 865 Rite Aid stores (Dec. 20)
    • Shares of Fred's are under a trading halt. WBA +1.6% premarket. RAD +6.5%. Also keep an eye on Kroger (NYSE:KR) today, as some investors were hoping the grocery chain passed on investing a lot in Rite Aid stores.
    Dec. 20, 2016, 8:51 AM | 8 Comments
  • Dec. 20, 2016, 8:36 AM
    • Fred's (NASDAQ:FRED) announces it has signed an agreement with Walgreens Boots Alliance (NASDAQ:WBA) and Rite Aid Corporation (NYSE:RAD) to purchase 865 stores for $950M.
    • The deal is expected to close several months after Walgreens Boots Alliance's proposed acquisition of Rite Aid is completed.
    • Fred's Pharmacy will become the third-largest drugstore chain in the U.S. after the deal is finished off.
    • Shares of Rite Aid are up 6.49% in premarket action.
    • Source: Press Release
    Dec. 20, 2016, 8:36 AM | 88 Comments
  • Dec. 15, 2016, 4:51 AM
    • CVS Health (NYSE:CVS) is scheduled to hold its Analyst Day event today amid the changing drugstore landscape with Walgreens (NASDAQ:WBA) and Rite Aid (NYSE:RAD) merging.
    • Jefferies expects CVS management to highlight the company's efforts to improve market share and cut costs, while  Barclays notes that details on product introductions and capital allocation will be crucial for investors.
    • Also watch for a 2017 guidance update from CVS. Consensus estimates currently stand at revenue of $187.8B and EPS of $5.87.
    Dec. 15, 2016, 4:51 AM
  • Dec. 13, 2016, 1:04 PM
    • Fred's (FRED -3.5%) trades lower in a possible reaction to a DealReporter scoop indicating that the e company is not in the mix of buyers of Rite Aid (RAD +1.1%) stores.
    • Kroger (KR +0.2%), Albertsons (NYSE:ABS) and an unidentified private equity firm are said to still be in the hunt.
    • Walgreens Boots Alliance (WBA +1%) is reported to be close to working out a divestiture deal with the FTC.
    Dec. 13, 2016, 1:04 PM | 7 Comments
  • Dec. 9, 2016, 3:46 PM
    • A sale package should be approved by year-end, an attorney involved with negotiations tells CTFN.
    • A real estate executive says Fred's (FRED +0.1%) will take a "substantial" number of stores, as will Kroger (KR +1.5%) and at least two other private-equity players.
    • Fred's yesterday sent tongues wagging when management suggested a "pending transaction."
    • Walgreens (WBA +2.4%) was already up on the session, but Rite Aid (RAD +3.5%) has popped as the news crossed in the last few minutes.
    Dec. 9, 2016, 3:46 PM | 58 Comments
  • Dec. 9, 2016, 9:43 AM
    • Fred's (FRED -6%) sent a little shockwave into the drug store sector during yesterday's earnings call when management cut out all Q&A due to a "pending" transaction.
    • One obvious scenario is that Fred's is attempting to buy Walgreen Boots Alliance (WBA +0.6%) stores that need to be divested ahead of the merger with Rite Aid (RAD +0.9%).
    • Fred's earnings call transcript
    Dec. 9, 2016, 9:43 AM
  • Nov. 16, 2016, 2:53 AM
    • Theranos (Private:THERA) allegedly voided 11.3% of all blood-test reports that it provided to customers of Walgreens (NASDAQ:WBA) stores through a yearslong partnership between the two companies.
    • When news broke last week that Walgreens had filed a $140M suit against Elizabeth Holmes' now-hobbled unicorn for breach of contact - details were sparse - but a public version of the complaint against Theranos has now been released.
    Nov. 16, 2016, 2:53 AM
  • Nov. 11, 2016, 4:57 PM
    • Albertsons and Kroger (NYSE:KR) have emerged as key prospective suitors for Walgreens (NASDAQ:WBA) in its attempts to find a way to satisfy the FTC's review of the company's proposed acquisition of Rite Aid (NYSE:RAD), while CVS (NYSE:CVS) seems to have withdrawn interest, CTFN reports.
    • Walgreens has not yet "freshened up the package" of store selloffs that it plans to present to the FTC, according to the report, which cites an antitrust attorney, who also says that "Albertsons and Kroger are established retail players with experience in pharmacies" and that the assets they are eyeing represent "key geographic expansion for both."
    Nov. 11, 2016, 4:57 PM | 79 Comments
  • Nov. 8, 2016, 5:47 PM
    • Walgreens Boots Alliance (NASDAQ:WBA) files a lawsuit against former lab tersting partner Theranos, alleging breach of contract and demanding a jury trial.
    • WBA's Walgreens drug store unit is seeking $140M in damages, according to court records, which repreents the amount it invested in Theranos, Dow Jones reports.
    • Walgreens alleges Theranos misled it about the state of its technology when the two firms initially forged their agreement, and perhaps continued to do so.
    Nov. 8, 2016, 5:47 PM | 7 Comments
  • Oct. 28, 2016, 11:22 AM
    • Drug wholesaler McKesson's (MCK -23.2%) lackluster Q3 numbers and softer guidance due to pricing pressure is weighing on the entire drug supply chain. Competitors AmerisourceBergen (ABC -11.9%) and Cardinal Health (CAH -11.2%) report next week.
    • Representative tickers: (ESRX -4.5%)(CVS -3.9%)(WBA -2.7%)(RAD -0.9%)(UNH +0.1%)
    Oct. 28, 2016, 11:22 AM | 69 Comments
  • Oct. 27, 2016, 2:41 PM
    • Amazon (NASDAQ:AMZN) sees an opportunity in the U.S. to open up as many as 2K Amazon Fresh grocery stores in the next ten years, according to Business Insider.
    • A 20-store pilot program is expected to be up and running by the end of 2018, with a mix of traditional-style grocery stores and online pickup locations.
    • Internal documents reviewed by BI indicate that Amazon is still deciding if the stores will be tied to Amazon Prime memberships.
    • Amazon's determination with a large-scale store roll-out could have significance for grocery stores and other retail chains (WMK, SVU, WFM, IMKTA, CASY, KR, SFS, WBA, CASY, WMT, TGT, RAD) as they consider their own future models.
    • Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, IYC, FDIS, SCC, RCD, UCC, PMR, CNDF, FTXD, JHMC.
    Oct. 27, 2016, 2:41 PM | 82 Comments