Initiative announced on “The Oprah Winfrey Show” today, includes free testing events at thousands of Walgreens stores over the next two weeks

New initiative launches with recognition of African-American vendor partners throughout the month of February

Walgreens is heavily invested in urban and old-line suburban neighborhoods that are home to large minority populations. With its recent initiatives, the retailer is demonstrating to the various communities it serves that it understands their need whether for economic or health care support. by Mike Duff

Walgreens is heavily invested in urban and old-line suburban neighborhoods that are home to large minority populations. With its recent initiatives, the retailer is demonstrating to the various communities it serves that it understands their need whether for economic or health care support. by Mike Duff

Big retail chains are now experimenting with smaller formats. According to CNBC, Wal-Mart (NYSE: WMT) has opened four Marketside stores in Phoenix.

Marketside stores are smaller than regular Wal-Mart stores. Similarly, Big Lots (NYSE: BIG) has also opened four smaller stores. However, these big chains are likely face more competition from smaller chains experimenting with groceries.

Talking with CNBC, Andrew Wolf, an analyst with BB&T Capital Markets said that the traditional convenience stores are moving to fresh. He likes Walgreens (NYSE: WAG) and said that the chain is well positioned with 7000 of the most convenient stores across the country.

See the rest of the story here.

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Dow breaks 10,000 as traders sell financials on global financial concerns.

BloggingStocks: CVS Caremark (CVS), which competes with Walgreen (WAG), Rite Aid (RAD), and Wal-Mart (WMT), posted fourth-quarter data on Monday. Sales increased 7%, and adjusted earnings per share from continuing operations (excluding, in addition, a penny per ... Read more

BloggingStocks: Walgreens (WAG), the drug superstore chain that has found renewed competition with mass retailers Walmart (WMT) and Target (TGT), will enter the fresh food and prepared meal market in some of its stores. The reason: Walgreens wants to cater to "time ... Read more

Bloomberg.com is running a story about an underreported potential windfall for the nation’s largest drug store chains Walgreen (WAG) and CVS Caremark (CVS).  The reason for the optimism is the end of patent protection for the world’s two best selling drugs Lipitor and Plavix.  Soon after blockbuster drugs lose patent protection is a very profitable time for drug stores as they have more control over pricing, and even though generic drugs are cheaper than branded drugs, they generally provide better profit margins for the pharmacies.  According to the article, pharmacies[More...]

Earlier today I watched in morbid fascination as my shares of Walgreen Co (WAG) plunged from $36.00 at the open to close at $34.62 on the close, down $2.16 or (5.87)% on the day. It was enough to make me feel like traveling down to my local drug store and loading up on a shipment of antacids.[More...]

Tom Dorsey, Chuck Fuller, and Ben Jones look at how to analyze international marketS using Dorsey Wright

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Schaeffer's analyst Colleen S. King takes a look at news on the Street before the market open.

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Schaeffer's Laura Houser takes a look at today's options activity