Walgreens Will Close 200 Stores
“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.