Commentary
Headlines about Walgreens’s closing of 1,200 stores over the next few years are making waves across the United States as anxious store managers wonder whether their locations will be next. According to an earnings release report from Illinois-based Walgreens Boots Alliance, the firm plans to finalize a “significant multiyear footprint optimization program.” A program that seems sorely needed given recent reports of a $3 billion loss. In September, Walgreens stock hit a multi-decade low, and “weak margins, persistent profitability issues, and a heavy debt load” were all noted as major problems for the firm.
