Walgreens Boots Alliance Inc said on Tuesday it plans to close about 200 U.S. st...
FILE PHOTO: A customer walks out of a Walgreens pharmacy store in Austin, TX, U.S., March 26, 2018. REUTERS/Mohammad Khursheed
- Walgreens Boots Alliance Inc said on Tuesday it plans to close about 200 U.S. stores and expects to record related pre-tax charges of between $1.9 billion and $2.4 billion. The Deerfield, Illinois-based company in June said it would close about 200 stores in the United Kingdom as performance in its UK Boots business continued to lag in the latest reported quarter.
The store closures are part of the company’s cost management program that is aimed at mitigating the pressure related to generic drug prices, the company had said in June. The program is expected to deliver annual cost savings in excess of $1.5 billion by 2022, the company said in a regulatory filing
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Walgreens to close 200 US storesWalgreens said the closures will affect about 3% of its U.S. footprint. The company operates roughly 10,000 drugstores nationwide.
Read more »
Walgreens to close 200 stores in USWalgreens said the closures will affect about 3% of its U.S. footprint. The company operates roughly 10,000 drugstores nationwide.
Read more »
Walgreens is closing 200 stores in the USIn an SEC filing on Tuesday, Walgreens announced it would close 200 stores in the US, though it did not specify which locations would close.
Read more »
Drake's 'Care Package' Primed for No. 1 Debut on Billboard 200 Albums ChartDrake is on his way to a ninth No. 1 album on the Billboard 200 chart, according to industry forecasters.
Read more »
RS Charts: NF’s ‘The Search’ Debuts at Number One on Top 200New rap releases performed well on the chart this week, as Chance the Rapper, Young Dolph and Key Glock, and YBN Cordae also arrived in the Top Ten
Read more »