Walgreens to close 200 stores, boost cost cutting

April 9, 2015 3:39 PM

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Walgreens to close 200 stores, boost cost cutting

Drugstore chain Walgreens Boots Alliance (WBA) announced plans to close about 200 U.S. stores as part of its first earnings report since it merged with European drug retailer Alliance Boots last year.

Walgreens, the largest U.S. drugstore chain, said it will close the stores amid plans to boost its previously announced cost-cutting initiative by $500 million.

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