Despite posting a higher than expected sales growth in its February 2015 quarter, Walgreens will be closing 200 stores across the USA.
Reports issued by the company note the closures are part of Walgreen’s plan to cut $1.5 billion in costs by the end of 2017.
In August 2014, Walgreens stated that it would be changing its business structure to cut costs and revitalize the company.
Walgreens credits the higher than expected sales growth in February to a longer than usual flu, cold and sinus season.
