Walgreens Company is an American company that operates one of the largest pharmacy store chains in the United States. Founded in 1901 and headquartered in Chicago, Illinois, it specializes in filling prescriptions, health and wellness products, and health information and services.
According to reports, Walgreens has announced plans to close 1,200 stores over the next three years as the pharmacy chain operator is hit by sluggish consumer spending and low drug reimbursement rates.
The report further mentions that the closure was announced in June, but the exact number was not disclosed, as it is expected to yield significant financial and consumer benefits in the long term.
