Editorial credit: Robert V Schwemmer / Shutterstock.com
Walgreens reported a 6% sales increase in the last quarter of fiscal 2024, totaling $37.5 billion. However, losses reached $978 million, and $8.6 billion for the year. To recover, the company plans to close 1,200 stores, with 500 closures expected in the next fiscal year. CEO Tim Wentworth emphasizes that Walgreens is focusing on optimizing its retail footprint and controlling costs for long-term stability. While some investors see the closures as part of a recovery strategy, critics view them as signs of deeper operational failures.

Read full article @www.mediapost.com