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Walgreens to close 200 stores
Posted By: RumorMail Date: Thursday, 9-Apr-2015 14:26:43
www.rumormill.news/14665
I used to love Walgreens, that is before they shifted most of the products that they sell to South of the border factories. Now they are going to lower prices on those same products for the incoming south of the border gang.
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Plans to close about 200 U.S. stores as the nation's largest drugstore chain expands on a $1 billion cost-reduction plan it announced last August. The Deerfield, Illinois, company said Thursday that it also will reorganize. Newslook
Drugstore chain Walgreens Boots Alliance (WBA) announced plans to close about 200 U.S. stores as part of its first earnings report since it merged with European drug retailer Alliance Boots last year.
Walgreens, the largest U.S. drugstore chain, said it will close the stores amid plans to boost its previously announced cost-cutting initiative by $500 million.
Walgreens expects to reduce costs by a projected $1.5 billion by the end of fiscal 2017, the company said.
"After a rigorous analysis, the company has identified additional opportunities for cost savings, primarily in its Retail Pharmacy USA division," the company said Thursday. "Significant areas of focus include plans to close approximately 200 USA stores; reorganize corporate and field operations; drive operating efficiencies; and streamline information technology and other functions."
Walgreens' spokesman Philip Caruso said the company has not yet decided which stores it will close, but it is "not focusing on any specific geographic area." Caruso also said there is "no hard timeline" for when the stores will be closed during the period for cost cutting.
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Read More
RMN is an RA production.
Articles In This Thread
- Walgreens to close 200 stores
RumorMail -- Thursday, 9-Apr-2015 14:26:43
- Walgreens to renounce U.S. citizenship
RumorMail -- Thursday, 9-Apr-2015 14:29:19
- Moving Home To Be Closer With Mom and Dad
Lion -- Thursday, 9-Apr-2015 23:47:26
- Reader C: "This is how corporations ARE like (some) people."
Lion -- Saturday, 11-Apr-2015 10:50:25
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