Walgreens will close a significant share of its roughly 8,600 stores in the U.S., Wentworth said in an interview with The Wall Street Journal. The company hasn’t settled on a final number of locations to close, he said, but it is reviewing about a quarter of its stores that aren’t profitable and could shutter a “meaningful percent” of those over the next few years. ...
Walgreens’s earnings for its fiscal third quarter showed the extent of the company’s troubles. The results fell short of analysts’ projections, reflecting worse-than-expected consumer spending and a tweak in a key industry pricing index that is squeezing reimbursement to pharmacies.
Join the Conversation
VIP members get the ability to comment on articles.