Walgreens to Close 200 U.S. Stores by 2017

Content Manager

Walgreens announced it would be closing 200 U.S. stores by the end of 2017, according to a press release.

In August, Walgreens announced a three-year $1.0 billion cost-cutting initiative that will identify additional opportunities primarily in the Retail Pharmacy U.S.A. division.

The additional opportunities will increase the total expected cost savings program by $500 million to a projected $1.5 billion.

Walgreens also plans to reorganize corporate and field operations, drive operating efficiencies and streamline information technology and other functions.

These actions are designed to restructure and invest in the company’s future in a way that is better for customers and simpler for employees, resulting in a faster and more agile company.

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.