Published: Fri, August 09, 2019
Markets | By Otis Pena

Walgreens Is Closing 200 Stores, Declines To Release List Of Location Closures

Walgreens Is Closing 200 Stores, Declines To Release List Of Location Closures

Walgreens said it anticipates minimal disruption and the majority of employees will be retained at other locations.

The pharmacy closures in the us follow an announcement by WBA earlier this year about plans to shut down 200 stores in the United Kingdom while reviewing the viability of keeping open all 10,000 of its locations throughout the U.S.

In December previous year, Walgreens announced it would seek to take action in an effort to cut costs by 2022.

The bad news is that a Walgreens spokesperson has said the company does not plan to release a list of which stores are shutting down or any more details about the store closures.

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The company has more than 18,500 stores in 11 countries, according to the Walgreens Boots Alliance website. The company expects the combined closures to save it $1.5 billion annually by the end of fiscal 2022. The company said it will sell CBD topicals at 1,500 stores in nine states.

Competitor CVS said in May it will close 46 stores and company officials warned more unprofitable stores could follow. "As part of this effort, we plan to close approximately 200 stores in the U.S".

Walgreens has six drugstores in Bloomington-Normal in addition to stores in Pontiac, Clinton, Lincoln, and Monticello.

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