Wednesday, August 7, 2019

Walgreens to close 200 U.S. stores

Walgreens Boots Alliance is reducing its footprint in the United States by about 3%.

In an SEC filing, the drug store operator said it plans to close about 200 U.S. stores, for which it expects to record related pre-tax charges of between $1.9 billion and $2.4 billion. Earlier this summer, the company announced it planned to close 200 Boots stores in the U.K. and that it was also reviewing its portfolio in the U.S., where it operates approximately 10,000 stores. . . . more

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