Walgreens is finalizing a plan to fix its U.S. business that includes closing stores over the next three years to deal with rising business expenses and competition from Walmart, Amazon and other discount retailers.
Challenges in the retail environment and the pharmacy industry have led Walgreens Boots Alliance to consider closing as many as 25% of its U.S. retail stores. These Walgreens stores do not contribute to the firm’s adjusted operating income…
One of the more pervasive trends in the retail industry is the consolidation of goods and services into just a handful of some of the largest corporate incumbents in the industry.
Walgreens announced it will be cutting its profit forecast for the fiscal 2024 year and closing more stores across the US in its latest attempt to deal with a "difficult operating environment."
Walgreens' stock plunged more than 20% in trading Thursday morning after the company reported disappointing earnings and slashed its profit outlook. The drugstore chain said it plans to cut a "significant" number of its more than 8,600…
(AP)–Walgreens is finalizing a plan to fix its business that could result in closing hundreds of additional stores over the next three years. CEO Tim Wentworth told analysts Thursday morning that “changes are imminent” for about 25% of the…
AP Health Writer Walgreens is finalizing a plan to fix its business that could result in closing hundreds of additional stores over the next three years. CEO Tim Wentworth told analysts Thursday morning that “changes are imminent” for…