tacobell fan Posted August 6, 2019 Report Share Posted August 6, 2019 Walgreens will close 200 stores in the U.S. Walgreens said the closures will affect about 3% of its U.S. footprint. Parent company Walgreens Boots Alliance earlier this year announced it would close 200 stores in the U.K. Walgreens plans to close 200 stores in the U.S. as it similarly shrinks its footprint in the U.K., the company said Tuesday. Parent company Walgreens Boots Alliance earlier this year announced plans to shutter 200 stores in the U.K. and review its U.S. footprint where Walgreens operates roughly 10,000 drugstores. The new U.S. store closures represent less than 3% of its stores, Walgreens said in a statement, adding that it anticipates “minimal disruption to customers and patients.” It said it anticipates retaining “the majority” of employees in other nearby locations. Walgreens said it hopes to save $1.5 billion in annual cost savings by fiscal 2022 in what it’s calling the “transformational cost management program.” Walgreens expects to record a $1.9 billion to $2.4 billion earnings hit related to real estate, severance and other costs, it said in a regulatory filing. “As previously announced, we are undertaking a transformational cost management program to accelerate the ongoing transformation of our business, enable investments in key areas and to become a more efficient enterprise,” the company said in a statement. A Walgreens spokesman said the company does not plan to release the complete list of store closures and declined to share any more details about which locations will close. Analysts have long worried about the number of pharmacies in the U.S. In some cities, it seems Walgreens and CVS stores line nearly every block. Worsening the situation is the fact that consumers are stopping into drugstores less and shopping online more. In May, CVS said it would close 46 underperforming stores. In June, CVS’ head of retail warned it will close unprofitable stores as it evaluates the 500 leases that come up for renewal every year. Quote Link to comment Share on other sites More sharing options...
jefferson1 Posted August 6, 2019 Report Share Posted August 6, 2019 Why closing ? Quote Link to comment Share on other sites More sharing options...
JohnSnow Posted August 6, 2019 Report Share Posted August 6, 2019 4 minutes ago, jefferson1 said: Why closing ? Desi vendor charging high billings hehe Quote Link to comment Share on other sites More sharing options...
jefferson1 Posted August 6, 2019 Report Share Posted August 6, 2019 Just now, JohnSnow said: Desi vendor charging high billings hehe Walgreens head quarters ekkada broseph? Quote Link to comment Share on other sites More sharing options...
JohnSnow Posted August 6, 2019 Report Share Posted August 6, 2019 Just now, jefferson1 said: Walgreens head quarters ekkada broseph? Illinois Quote Link to comment Share on other sites More sharing options...
Anta Assamey Posted August 6, 2019 Report Share Posted August 6, 2019 Quote Link to comment Share on other sites More sharing options...
boeing747 Posted August 6, 2019 Report Share Posted August 6, 2019 wonder why? Quote Link to comment Share on other sites More sharing options...
tacobell fan Posted August 6, 2019 Author Report Share Posted August 6, 2019 5 minutes ago, boeing747 said: wonder why? antha wondering emi ledu anna. Rich like you getting Richer. Quote Link to comment Share on other sites More sharing options...
Idassamed Posted August 6, 2019 Report Share Posted August 6, 2019 27 minutes ago, tacobell fan said: antha wondering emi ledu anna. Rich like you getting Richer. One of my bot friends might get laid off 🤯 Quote Link to comment Share on other sites More sharing options...
boeing747 Posted August 6, 2019 Report Share Posted August 6, 2019 17 minutes ago, tacobell fan said: Rich like you getting Richer Quote Link to comment Share on other sites More sharing options...
mettastar Posted August 6, 2019 Report Share Posted August 6, 2019 emundhi too many stores open chesaru .. ipudu cut chesthunnaru .. I dont know why they do that Quote Link to comment Share on other sites More sharing options...
tacobell fan Posted August 6, 2019 Author Report Share Posted August 6, 2019 3 minutes ago, Idassamed said: One of my bot friends might get laid off 🤯 bots can always sneak inn Quote Link to comment Share on other sites More sharing options...
r2d2 Posted August 6, 2019 Report Share Posted August 6, 2019 I heard Walgreens has tied up with Kroger for grocery pick up... Quote Link to comment Share on other sites More sharing options...
Amrita Posted August 6, 2019 Report Share Posted August 6, 2019 Chetha store. CVS is much better. 1 Quote Link to comment Share on other sites More sharing options...
Sarvapindi Posted August 6, 2019 Report Share Posted August 6, 2019 all super markets have pharmacy...competion Quote Link to comment Share on other sites More sharing options...
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