Walgreens Will Close 200 Stores

Walgreens has plans to close 200 locations in the United States. The effort to close the stores is to is more about running the Walgreens enterprise mush more efficiently.

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“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,” – Walgreens Official Statement

The drugstore retailer does not expect their bottom line to be affected much since 200 stores only represent around 3% of their total business.

Walgreens failed to reveal how many jobs will be lost in a result of closing 200 stores. They also failed to give a list of the 200 locations that will be closing.

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Categories: Money

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