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☆ Walgreens swings to quarterly loss on Boots impairment charge
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

Oct 13 (Reuters) - Drugstore chain Walgreens Boots Alliance Inc (WBA.O) posted a loss for the fourth quarter, partly due to higher operational costs and an impairment charge related to its Boots UK business. Shares of the company, however, were up 5.23% before the bell after Walgreens said it expects full-year 2023 profit in the range of $4.45 to $4.65 per share. Register now for FREE unlimited access to Reuters.com RegisterBut it had warned of waning vaccination demand in July. The company's U.S. pharmacy sales fell 8.8% in the fourth quarter, pressured by weakness in its AllianceRx business. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mrinalika Roy in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

And other up-and-coming ‘machine-health tech’ firms are offering similar wares. ‘Predictive-Maintenance’ Tech Is Taking Off as Manufacturers Seek More EfficiencyWalgreens Boots Alliance Inc. said Thursday it would appoint Hsiao Wang as its new chief information officer, as tech leader Francesco Tinto departs. Warehouse robots offer a stopgap to the labor crunch despite technology limitations, chief information officers say. American Airlines Names New Tech Chief Ganesh Jayaram, currently CIO of Deere & Co., is joining the airline as its chief digital and information officer. XPO Logistics CIO Readies for Shift to Chief Executive Role Tech-savvy CEOs look at every opportunity as having tech as part of the answer, says Mario Harik.

☆ Walgreens Names Hsiao Wang as Next CIO
▼ + stars: | 2022-09-09 | by ( Isabelle Bousquette | ) www.wsj.com time to read: +3 min

Walgreens Boots Alliance Inc. said Thursday it would appoint Hsiao Wang as its new chief information officer, as tech leader Francesco Tinto departs. Mr. Wang, most recently CIO of arts-and-crafts seller Michaels Cos., steps into the new role on Sept. 26. Walgreens has named tech veteran Hsiao Wang as its new CIO. Mr. Tinto became Walgreens CIO in September 2019, just months before the Covid-19 pandemic began. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team.

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