Walgreens' Stunning Downfall: From $100 Billion Healthcare Giant to Private Equity Rescue Mission
2025-03-07
The Wall Street Journal
In a shocking turn of events, Walgreens Boots Alliance has struggled to stay afloat over the past decade. As online shopping continues to dominate the retail landscape, with giants like Amazon.com leading the charge, Walgreens' over 8,000 physical stores have seen a significant decline in foot traffic. With the rise of e-commerce and changing consumer behaviors, the company is now facing a major overhaul under private equity. Key strategies such as digital transformation and retail innovation will be crucial to its survival, as it navigates this challenging period in the healthcare and pharmacy industry, where online pharmacy services and healthcare technology are becoming increasingly important.