As of Feb 28, 2018, the company operated 9,631 locations in all 50 states, the District of Columbia, Puerto Rico and Guam, and 4,716 health and beauty retail stores across 8 countries internationally.

In fiscal 2017, store counts decreased by 75 stores domestically and increased by 49 stores internationally. During the first half of fiscal 2018, store counts increased by 1,531 stores domestically and decreased by 6 stores internationally. By the end of the second quarter, the company had acquired 1,542 stores from Rite Aid as part of the agreement announced on Sep 19, 2017.

In the second quarter of fiscal 2015, the company acquired Alliance Boots and its approximately 4,600 health and beauty retail stores. On Jun 29, 2017, the company called off a planned merger with Rite Aid, and instead on Sep 19, 2017 announced regulatory approval to buy 1,932 Rite Aid stores and 3 distribution centers.

At year-end, the company owned approximately 14% and 4% of its retail drugstore locations domestically and internationally, respectively. The remaining drugstore locations were leased. Initial lease terms are typically 15 to 25 years, with renewal options at five-year intervals, and may include rent escalation clauses. Drugstores average approximately 10,900 square feet of selling space and 14,100 square feet of total space in the US.

Store growth11.9%-0.2%0.7%55.4%1.1%2.3%
Total gross square feet (M)154,620130,683131,413131,464115,686114,580
Total gross square feet growth18.1%-0.6%-0.0%13.7%1.0%2.0%
Avg store gross sq ft10,80010,20010,20010,30014,10014,100
Avg store gross sq ft growth5.6%-0.4%-0.8%-26.9%-0.2%-0.3%

Notes:Reflects acquisition of Alliance Boots in Dec 2014