Today price decline of Walgreens, missed a important story posted by dbl_dbl_agnt this story was not found in the Traditional press.
Kim Feil, Walgreens Chief marketing officer will be leaving the Company, and will be replaced by a Former Duane Reade Executive.
As was stated in the recent executive conference call, plans are in place to start pulling levers to reduce COGS and SG&A. Not knowing Ms. Feil's role in the current Esrx impasse I will ask dbl_dbl_agnt for some background on this executive so we all may have some in-site if this news will change the impasse or tomorrows trading. (Good Luck, Kim)
I think there is a lot more than meets the eye regarding Kim Feil's departure. This was a widely respected person with consumer and food marketing background at Sara Lee prior to joining Walgreens in 2008. She was lauded by Greg Wasson earlier this year, but got dumped for a Duane Reade executive. What loyalty!
Maybe the DR guy was the one that came up with the sushi idea? Or restroom cams?
I remember the last transformative change in chain drugstore marketing when Rite Aid reinvented "Marketing" to become the internet auction driver of vendor shakedowns for better prices. We ALL know how well that worked out for them!
"Kim Feil, Walgreens Chief marketing officer will be leaving the Company and will be replaced by a Former Duane Reade Executive."
She came up with the name for the private-label brew called Big Flats 1901 and for that now SHE got canned! She had nothing to do with the current ESRX impasse which should be settled in less than a month.
I agree about the D/R NY experience, even though big.yank see's no added value.
Re "campaign to convert ESRX Med D patients to alternate choices". Now I understand why they sold off WHI.
I read that Walgreens has set up a new Model for Pharmacy services in Chicago, Have you seen it yet? ? SG&A seems to be a problem, do you think it has something to do with their allocation of resources and metric's in value measurement?