Walgreens faces a crossroads as CEO Rosalind Brewer departs.
What’s next for the company?
After nearly three years at the helm of Walgreens Boots Alliance, Rosalind Brewer has chosen to step down. Read on to find out how this could impact the company’s future.
Brewer and the Walgreens board reached an agreement that it was time for a change. Brewer has also immediately left the board.
The company has faced financial challenges with a 32% drop in stock prices this year and a downward revision of the year’s profit forecast.
Brewer introduced a series of cost-saving measures, including closing several stores and laying off employees, to improve the company’s financial health.
Walgreens is experimenting with new store concepts, including one in Chicago where items are hidden from customers’ view.
Shoplifting is a growing concern in retail, and Walgreens’ new store format could be a solution to this problem.
With Brewer’s departure, Walgreens stands at a crossroads. The strategic decisions the company makes moving forward are now crucial.