Walgreens to close 200 U.S. stores; locations will not be disclosed in advance
Published 4:55 pm Wednesday, August 7, 2019
Walgreens announced plans this week to close approximately 200 stores in the U.S. How many, if any, of those closures may come to Mississippi stores is not clear and the company said it will not provide a public list of stores to be closed.
The publicly traded company, Walgreens Boots Alliance, Inc., filed an 8-K form with the U.S. Securities and Exchange Commission alerting stockholders to the plan.
The company told media outlets that it would not release a list of stores to be closed. The store closures are part of a $1.5 billion cost savings plan the company announced Dec. 20, 2018.
The move follows “a review of the real estate footprint in the United States.”
In addition to the U.S. stores, Walgreens also announced plans earlier this year to close approximately 200 stores in the United Kingdom as well.
Company spokesman Phil Caruso told the USA Today newspaper that the company expects minimal disruptions to customers since Walgreens has multiple locations in many communities.
Caruso’s statement seems to indicate many of the closures may be removing the least profitable locations in areas where another Walgreens location is nearby.