Walgreens Faces $10 Billion Loss, Plans to Close Hundreds of Stores, Could Impact Some In Michigan
Walgreens Boots Alliance is experiencing significant financial losses in fiscal 2024, reporting a $10.01 per share loss due to non-cash charges, opioid liabilities, and tough retail conditions. To mitigate these losses, the company plans to close 1,200 stores by 2027, emphasizing a strategic focus on high-performing locations and healthcare growth.