DEERFIELD, Ill. — Walgreens Boots Alliance announced plans to close 200 stores in the United States as it looks to cut costs.
The company said in a regulatory filing Tuesday the closings are part of its previously announced plan to trim costs by $1.5 billion in a few years. In May, the company announced plans to close 200 stores in the United Kingdom.
“As previously announced, we are undertaking a transformational cost management program to accelerate the ongoing transformation of our business, enable investments in key areas and to become a more efficient enterprise,” Phil Caruso of Walgreens said in a statement.
“Given that these closures will represent less than 3 percent of our stores overall, and given that we have multiple locations in many markets, we anticipate minimal disruption to customers and patients,” he added. “We also anticipate being able to retain the majority of the impacted store team members in other nearby locations.”