WALGREENS has announced the mass closure of thousands of stores as the retailer’s CEO changes strategy.
Tim Wentworth, the CEO of Walgreens Boots Alliance has revealed that a “meaningful percent” of the chain’s 8,600 locations will shutter.
The news was confirmed in an interview with the Wall Street Journal which saw Wentworth admit that the struggling retailer needs a strategy overhaul.
While the precise number of locations earmarked for closure has not yet been decided upon, around a quarter of the chain’s stores are being assessed as they fail to perform for the company.
It comes after Walgreens Boots Alliance announced the closure of 150 Walgreens locationslast year to “optimize …