Thursday, July 28, 2016

Drugstore.com, Beauty.com To Be Shut Down By Walgreens

Seattle-based Drugstore.com, the online vitamin and health products e-commerce site, and related e-commerce site Beauty.com, are both being shut down, Walgreens said on Thursday. Walgreens said in an 8-K regulatory filing that it would instead focus its e-commerce efforts on its own site, Walgreens.com. The company will take a charge of approximately $115M for the shutdown. Walgreenas had paid $429M to acquire Drugstore.com back in 2011.