Reported about 17 hours ago
Walgreens Boots Alliance plans to close 1,200 stores over the next three years, with an immediate reduction of 500 stores next year, due to increasing competition from online prescription services and underperforming locations. The company's efforts, aimed at enhancing shareholder value and reducing costs, have already led to a significant drop in net debt. Despite these closures, Walgreens is focusing on redeploying affected employees and ensuring uninterrupted prescription services through home delivery options. Further evaluations of an additional 800 stores for potential closure are underway.
Source: YAHOO