Walgreens Faces Challenges, Plans to Close 150 Stores in the U.S. and 300 in the UK
In response to emerging challenges, popular pharmacy chain Walgreens has announced its decision to shut down 150 of its locations across the United States, with an additional 300 closures planned in the United Kingdom. The move is part of the company's ongoing efforts to implement cost-saving measures, which have included the elimination of over 500 corporate personnel positions. During the third quarter earnings call held on Tuesday, James Kehoe, the Executive Vice President and Global Chief Financial Officer of Walgreens Boots Alliance, highlighted the company's commitment to reducing expenses. Kehoe acknowledged the upcoming store closures and emphasized the importance of these initiatives to the company's future financial stability. As of now, specific details regarding the affected stores have not been disclosed by the company. Walgreens has yet to respond to requests for comment from USA TODAY. However, it is anticipated that the closures will take place before the en