Walgreens Closing 200 Stores
Pharmacy chain Walgreens plans to close 200 stores in the United States as it seeks to cut costs.
The company said in a regulatory filing Tuesday the closings are part of its plan to trim costs by $1.5 billion in a few years.
The Deerfield, Illinois-based company operates over 18,000 stores worldwide. In June it reported a 24% decline in quarterly net income and predicted that annual earnings would be roughly flat with the prior year. Walgreens has been hit by challenges including reimbursement cuts and lower price increases for branded drugs.
Source: WTSP
Sean Roberts was conceived in the Corvette Assembly Plant in Bowling Green, Kentucky by two passionate, panel aligning, third shifters who had grown bored with the same ole same ole. Upon birth, he was placed in the trunk of a new Stingray and sent off to find his destiny.
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