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WBA-WALGREENS BOOTS ALLIANCE INC

Walgreens Boots Alliance Plans to Close 1,200 Stores Amid $1 Billion Monthly Loss and Increasing Competition

Friday

15 November, 2024

Walgreens Boots Alliance is making bold moves to tackle a staggering $1.6 billion loss, including the closure of 1,200 stores. As the retail pharmacy landscape shifts with fierce competition, can these strategic changes pave the way for a more profitable future?

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Key Takeaways
  • Walgreens Boots Alliance reported significant operational losses of approximately $1.6 billion last year.
  • The company is closing 1,200 stores due to unprofitability.
  • Intense competition from Amazon and Walmart is impacting market share.
  • Unfavorable reimbursement rates from pharmacy benefit managers are hurting profits.
  • The stock has declined by 83% over the last five years, raising recovery concerns.
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