Walgreens Boots Alliance has announced a significant restructuring plan, revealing its intention to close 1,200 retail locations over the next three years. This decision comes as the company grapples with ongoing financial difficulties, reporting an operating loss of $978 million from June to August 2024, a stark increase from the $450 million loss during the same period last year as detailed in a report by CNBC.

Walgreens to close 1,200 stores amid ongoing financial challenges

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Walgreens to close 1,200 stores amid ongoing financial challenges