Walgreens: less credit, more cash
Nov 19 - Walgreens says it's seeing the spillover effect of the economic slowdown as consumers use more cash and fewer credit cards to make purchases of "affordable essentials" at its stores nationwide.
COO Greg Wasson, speaking at the Reuters Health Summit on Wednesday, says Walgreens is seeing "a more anxious, concerned consumer than we've seen in the past and they are holding onto their dollars longer than in the past and spending less on credit cards...they are certainly trying to live more within their means."
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