Walgreens will shut 'significant' number of 8,700 US stores

Walgreens is to set to close a 'significant' number of its 8,700 US stores, it said Thursday. Parent company Boots Alliance cut its profit forecast for fiscal year 2024 and said it would close more underperforming stores as weak consumer spending hurts its retail operations. Shares of the Illinois-based company fell more than 15 percent in premarket trading, after having declined 40 percent for the year so far. Without specifying the number of closures, the pharmacy chain operator said it was finalizing a 'significant multi-year' program to close some of...