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Cost Management

Business
Walgreens To Close 200 Stores Walgreens To Close 200 Stores
Walgreens To Close 200 Stores Walgreens will be closing 200 stores nationwide as part of a plan to cut costs by $1.5 billion. As of last year, Walgreens operated approximately 9,560 drug stores and employed 240,000 employees, according to its website. The company is calling the closures a “transformational cost management program.” Earlier this year, Walgreens closed another 200 stores in the United Kingdom as part of the reorganization. No specific store locations were detailed in a filing with the United States Securities and Exchange Commission. A full list is expected to be released before the stores begin closing…

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by Zak Failla