Retailers, consumers and prices
Check Out Line: Walgreen has prescription for profits
Check out the better-than-expected profit at Walgreen.
The largest U.S. drugstore chain saw shares rise 10 percent as its fourth-quarter profit benefited from a make-over that includes sprucing up stores and cutting jobs.
Walgreen also announced a new plan to promote 90-day prescriptions available at its stores as an alternative to the mail-order programs favored by many insurance programs.
While sales rose 7.6 percent to $15.7 billion, the company, with 7,042 U.S. stores, has continued to see weak demand for general merchandise.
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