Headlines

Walgreens to Close 200 Stores

Closures are part of plan to reduce costs by $1.5 billion

Published

5 years ago

August 7, 2019

VMSD Staff

Drug store retailer Walgreens (Deerfield, Ill.) will close 200 stores in the U.S. in an effort to cut costs, according to WGN News. The store closings are reportedly part of a plan to reduce costs by $1.5 billion over the next few years.

Walgreens operates a total of about 18,000 stores globally; it reported a 24 percent drop in quarterly net income and predicts flat year-over-year earnings.

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