Our forum runs best with JavaScript enabled !

Walgreens is closing 450 locations

View previous topic View next topic Go down

Walgreens is closing 450 locations Empty Walgreens is closing 450 locations

Post by 8DonCo Fri Jun 30, 2023 7:03 pm

đúng là lớn thuyền lớn sóng, nghe 450 locations tưởng nhiều nhưng chỉ có 5% của 9000 locations

Walgreens expects to close 150 locations in the United States and 300 locations in the United Kingdom, Walgreens Boots Alliance CFO James Kehoe said in the company’s earnings call this week.
The pharmacy chain reported lower earnings on Tuesday compared to the same quarter last year – $118 million, or 14 cents a share, compared to $289 million, or 33 cents a share, a year ago. The company is facing muted consumer spending and a pullback in demand for Covid vaccines.
CEO Rosalind Brewer said the company was increasing its cost-savings efforts to $4.1 billion and “taking immediate actions to optimize profitability for our US healthcare segment.”
Kehoe told analysts the company will have saved $3.3 billion by the end of this year, and is projecting to save “at least” $800 million in 2024. These store closures are part of its cost-cutting effort.
The chain operates almost 9,000 stores in the United States and expects to close the 150 US locations by the end of its next fiscal year, Aug 31, 2024, a spokesperson said.
Kehoe said the company also eliminated more than 500 roles, or around 10% of its corporate and US office support workforce. Technology and its plans to build the “pharmacy of the future” will further drive savings, he said.
“We are optimizing the model through our micro fulfillment centers, tech-enabled centralization of in-store activities and telepharmacy solutions,” Kehoe said.
Walgreens (WBA) did not specify which locations are closing and did not immediately respond to CNN’s request for comment.

Walgreens is closing 450 locations C7f64202b0357f04c779d805f437c5fc

Walgreens is closing 450 locations JQrjmZ


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

Permissions in this forum:
You cannot reply to topics in this forum