Walgreens plans to shutter 200 stores in the U.S. as the company pares back its locations in the U.K., the company said. - CNBC
"As previously announced, we are undertaking a transformational cost management program to accelerate the ongoing transformation of our business, enable investments in key areas and to become a more efficient enterprise," the company said in a statement.
Analysts have long worried about the number of pharmacies in the U.S. In some cities, it seems Walgreens andstores line nearly every block. Worsening the situation is the fact that consumers are shopping more online and less in stores.
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