Walgreens Announces It's Closing 200 Pharmacies

Part of program to cut costs in changing industry
Publish date:

According to a Bloomberg report, 200 U.S. pharmacies are scheduled to close as part of a cost-saving plan by Walgreens Boots Alliance Inc. to overhaul parts of its retail footprint and technology. The Deerfield-based company operated 9,560 stores, as of August 2018, and has already announced at least 750 store closings previous to this.

Walgreens stated in a security filing Tuesday that the cost-reduction plans will result in charges of $1.9 billion to $2.4 billion. Company shares fell 0.5% after market closure in New York, bringing it to a loss of 25% so far in 2019.

See also: Toys ‘R’ Us Set To Return To U.S. In 2019


Related Articles

Sears Holdings has trimmed 100 positions at its headquarters complex here and 15 posts at other corporate support locations.

Sears Trimming HQ Staff

Sears Holdings is eliminating about 220 corporate posts, with the majority coming out of its Hoffman Estates, Ill., headquarters.