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04/10/2015 09:48 AM ID: 100444 Permalink   

Walgreens Plans to Close 200 Stores Nationwide


Walgreens Boots Alliance said it would close 200 less profitable U.S. stores and open the same number of stores in new locations.

"After a rigorous analysis, the company has identified additional opportunities for cost savings, primarily in its Retail Pharmacy USA division," the drug store chain informed Thursday. The company plans to cut $1.5 billion in costs by the end of fiscal 2017.

Walgreens has 8,232 stores in the U.S., Puerto Rico and the U.S. Virgin Islands.

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