Walgreens Boots Alliance Inc. said it does not plan to increase wages further, as a shortage of pharmacists eases after the company doubled down on hiring and pay raises last year.
A labor shortage during the pandemic prompted Walgreens and other U.S. drugstore operators, including CVS Health Corp. and Walmart Inc., to raise minimum wages to $15 per hour to attract pharmacists.
Walgreens has also lost market share to its rivals after closing several stores during the pandemic, and is aiming to regain it by the end of fiscal year 2023 by reducing pay gap and increasing automation at fulfillment centers.
“We also made the investment to regaining the pharmacy talent in our stores. And it’s working for us,” CEO Rosalind Brewer said in an investor call on March 28….