Walgreens Boots Alliance: Coronavirus (COVID-19) Company impact

Walgreens Boots Alliance: Coronavirus (COVID-19) Company impact



Summary



As the virus continues to spread globally, the retailer is experiencing increasing demand for bathroom toiletries, paper products, pain relief items and OTC goods, however discretionary categories such as beauty and fragrance will be suffering



The retailer’s exposure to the physical retail channel will hinder its recovery as we expect consumers to remain cautious about visiting high streets and shopping malls across the US and Europe



The Coronavirus (COVID-19) company impact report analyses how the pandemic will impact Walgreens Boots Alliance’s performance.



Scope



– The company’s convenient locations and well-established network in the US and Europe also bodes well for its 2020 sales performance, with sales forecast to rise 7.2% – despite its exposure to non-essential categories.

– Walgreens’ continues to leverage its online capabilities to support its performance, with initiatives such as waiving minimum purchase limits and delivery fees for all online orders of essential products.

– Walgreens has tried to maintain availability of required medications and secure special discounts on medical products for people above the age of 55 years to protect loyalty among this valuable customer group



Reasons to Buy



– Use our revised 2020 forecast for Walgreens Boots Alliance to understand how it will perform this year.

– Use our charts to review how Walgreens Boots Alliance’s sales are split by region globally and how these regions have been impacted by COVID-19.

– Use our in-depth analysis to review how Walgreens Boots Alliance has responded to COVID-19 and how this will affect its performance.



Companies Mentioned:

Wal-Mart Stores Inc

Amazon.com, Inc.

Publix Super Markets Inc

Walgreens Boots Alliance, Inc.

CVS Health Corp

Costco Wholesale Corp

CK Hutchison Holdings Limited

Target

Ritesh Tiwari is the Founder of Research By Markets. He has more than 7 years experience in the Market Research industry and a total experience spanning 18+ years. His core experience is in Sales and International Recruitments. Ritesh is a big foodie and a huge football fan, supporting Manchester United (EPL) and FC Barcelona (La Liga). He hardly misses watching any matches when these teams are playing. Get in touch with Ritesh via: enquiry@researchbymarkets.com *Industry Press Release is a part of Research By Markets.