Walgreens Boots Alliance plans store closures

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Walgreens Boots Alliance plans store closures

By David Salazar - 08/07/2019
Walgreens Boots Alliance announced plans to close roughly 200 U.S. stores, according to a new SEC filing. The U.S. closures will accompany the closure of another roughly 200 stores in the United Kingdom as part of the company’s Transformational Cost Management Program announced at the end of 2018, the filing said.

WBA said that its optimization efforts have thus far largely focused on its retail pharmacy USA division, its UK business and its global functions. The company said it expects to see between $1.9 billion and $2.4 billion in pre-tax charges to its financial results, which will include between $1.6 billion and $2 billion related to “exit and disposal activities.”

The company did not indicate which stores would be closing or when.