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WBA-WALGREENS BOOTS ALLIANCE INC

Walgreens Boots Alliance Faces Grim Outlook with $1.6 Billion Loss and Store Closures Amid Fierce Competition from Amazon and Walmart

Wednesday

13 November, 2024

Walgreens Boots Alliance is navigating a turbulent landscape, facing a staggering $1.6 billion loss and the closure of 1,200 stores. As competition intensifies and restructuring efforts unfold, can the new leadership steer the company towards a more profitable future?

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Key Takeaways
  • Walgreens Boots Alliance is experiencing a substantial operating loss and intends to shut down 1,200 underperforming locations.
  • A significant portion of its U.S. stores are currently unprofitable, complicating recovery efforts.
  • Increased competition from major retailers and delivery services is threatening Walgreens' market share.
  • The company's stock has dramatically decreased over the last five years, raising doubts about its sustainability.
  • CEO's strategies to sever ties with certain partners and potential asset sales contribute to the overall uncertainty.
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