Walgreens aims to close about 200 US stores

April 9, 2015 11:30 AM

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Walgreens plans to close about 200 U.S. stores as the nation's largest drugstore chain expands on a $1 billion cost-reduction plan it announced last August.

The Deerfield, Illinois, company says it also will reorganize its corporate operations and streamline its information technology and other functions. It expects the moves to add $500 million to its estimated cost savings from its three-year plan.

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