Just before Christmas, December 21, Naperville, Illinois based drugstore Walgreen held its Q1 2013 earnings call. The call included commentary from: Rick Hans, CFA – Divisional VP IR & Finance; Wade Miquelon – Executive Vice President, CFO, & President, International; Greg Wasson – President & CEO; Mark Wagner – President, Operations & Community Management and Kermit Crawford – President, Pharmacy, Health & Wellness
Gregory D. Wasson – Chief Executive Officer, President and Director spoke positively of the contined growth and evolution of the Walgreen Private Brand portfolio: “We’re also seeing significant momentum in our private brands. We’ve invested heavily in our own brands, including Walgreens, Delish, Nice! and many more, and year-over-year private brand penetration in our front-end sales improved 200 basis points to 22%. In my 32 years, I’ve never seen our store managers as excited as they are now about our private brand offering.”
Additionally he spoke positively of the addition of the English Private Brand Boots’ No7 that comes as a result of their Alliance Boots partnership “…our merchandising team added the popular Boots’ No7 to our beauty product line, debuting it at our Hollywood flagship opening with very good early results. We look forward to sharing more details with all of you at our analyst day in mid-February in London.