1,200 Stores of Walgreens Are About to Close as New CEO Initiates Turnaround Plan
Walgreens Boots Alliance (WBA.O) announced plans on Tuesday to close 1,200 stores over the next three years as part of a turnaround strategy led by its new CEO, Tim Wentworth. The pharmacy chain operator has been struggling with weak consumer spending and lower drug reimbursement rates. Despite these challenges, the...