Walgreens to close 200 US stores

Walgreens plans to shutter around 200 U.S. stores, the company disclosed in a Securities and Exchange Commission filing.

Phil Caruso, a Walgreens spokesman, said the closing stores represent less than 3% of the company's nearly 9,600 locations in the United States.

"As previously announced, we are undertaking a transformational cost management program to accelerate the ongoing transformation of our business, enable investments in key areas and to become a more efficient enterprise," Caruso said. "As part of this effort, we plan to close approximately 200 stores in the U.S."

He did not release a list of the locations.

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