Category: pricesensitive
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Walgreens CEO calls consumers ‘increasingly selective and price-sensitive’ as retailer cuts profit outlook
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Walgreens’ (WBA) quarterly results are the latest sign that U.S. consumers are under increasing pressure. Shares of Walgreens Boots Alliance fell 24% on Thursday after the retail pharmacy chain cut its full-year guidance due to challenging pharmacy industry trends and a “worse-than-expected” consumer environment, with management citing a “sustained decline”…