Walgreens Boots Alliance to shutter 3% of U.S. footprint
Deerfield, Ill.-based Walgreens Boots Alliance is shuttering 200 stores, or about 3% of its U.S. footprint.
The company announced plans to close the stores as part of the company’s previously announced “transformational cost management program,” which is expected to deliver annual cost savings in excess of $1.5 billion by 2022.
Earlier this summer, the company announced it planned to close 200 Boots stores in the United Kingdom and that it was also reviewing its portfolio in the United States, where it operates approximately 10,000 stores.
“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.