Walgreens to close 200 stores, boost cost cuttin
Posted on AllSides April 9th, 2015
From The Left
Drugstore chain Walgreens Boots Alliance (WBA) announced plans to close about 200 U.S. stores as part of its first earnings report since it merged with European drug retailer Alliance Boots last year.
Walgreens, the largest U.S. drugstore chain, said it will close the stores amid plans to boost its previously announced cost-cutting initiative by $500 million.
Walgreens now expects to reduce costs by a projected $1.5 billion by the end of fiscal 2017, the company said.
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