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The Deerfield-based chain reported net income of $118 million, about 59% below the previous year. It has said it will cut 10% of its corporate workforce, mostly in Deerfield and Chicago.
Walgreens plans to close about 150 stores in the coming 11 months, corporate officials said Monday.
Walgreens reported net income of $118 million, about 59% below the previous year. It will also close 300 stores in the United Kingdom. This year the firm said it would cut 10% of its corporate workforce, mostly in Deerfield and Chicago.
Walgreens will close nearly 500 locations across the United States and the United Kingdom as sales decline due to COVID.
The pharmacy chain announced plans to close 150 locations across the country in the company’s earnings call this week.