Walgreens To Close 200 U.S. Stores

Walgreens plans to close 200 stores in the U.S. as the company also pares back its locations in the U.K. Parent company, Walgreens Boots Alliance, Inc. earlier this year announced plans to close 200 stores in the U.K. and review its U.S. footprint. The new store closures represent less than 3% of its 10,000 locations in the U.S.

Walgreens also hopes to save $1.5 billion in annual expenses by fiscal 2022. Walgreens expects to record a $1.9 billion to $2.4 billion earnings hit related to real estate, severance, and other costs . . .