Monday, July 1, 2019

Walgreens Isn’t Done Closing Drugstores In U.S. Or Abroad

Forbes
Walgreens Boots Alliance is closing 200 Boots drugstores in the United Kingdom as part of a global “transformation cost management program” launched earlier this year that has figured in store closures in the U.S.

The plan disclosed late last week and confirmed by Walgreens Boots Alliance to shutter 200 U.K. stores and consolidate them with other Boots locations comes after a decision announced earlier this year to shutter more Rite Aid drugstores in the U.S. than originally anticipated. Walgreens initially purchased 1,932 Rite Aid stores and planned to close up to 600, but that number is growing to 750, executives said in April.. . . more