Walgreens Set To Close 200 Stores

Major retailer Walgreens annoucned Tuesday that it would be closing 200 of its stores nation wide.

The new store closures represent less than 3% of its 10,000 locations in the U.S., Walgreens said in a statement, adding that it anticipates “minimal disruption to customers and patients.” It said it anticipates retaining “the majority” of employees in other nearby locations.

Walgreens revealed in a regulatory filing Tuesday that it will take a pre-tax charge of as much as $2.4 billion for the closures.

Walgreens did not provide a list of which stores would be closing at this time, nor did it give a timeline for the closings.

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