Walgreens to Offer FedEx Dropoff and Pickup at Walgreens Locations Nationwide
January 11 2017 - 9:25AM
Dow Jones News
Walgreen Boots Alliance Inc. (WBA) and FedEx Corp. (FDX) are
cooperating in a deal that will offer FedEx pickup and dropoff at
Walgreens locations across the U.S. The service will start in the
next few months, according to FedEx.
"Walgreens, with its strong focus on customer care, is the
perfect retailer to help us continue to meet the growing demand for
convenient, secure dropoff and pickup options, and our research has
shown that customers rank pharmacies as a preferred location for
accessing their e-commerce shipments," FedEx chief marketing
officer Raj Subramaniam said in a statement.
The companies will begin with a small-scale rollout this spring,
and aim to have the service available at nearly 8,000 Walgreens
outlets by the fall of 2018. Neither stock was active
premarket.
FedEx shares have gained 42% in the last 12 months, while the
S&P 500 has gained 18%.
-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 11, 2017 09:10 ET (14:10 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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