Walgreens announces cost-cutting plan to save $1 billion

Walgreens Boots Alliance Inc. on Thursday announced a cost-cutting plan the retailer said will save $1 billion over the next three years. The Deerfield, Illinois-based pharmacy giant (Nasdaq: WBA) said the cost-cutting will involve cost reduction activities in its pharmaceutical wholesale division and cutting costs in its retail businesses in Chile and Mexico. "Additionally, the company has initiated global smart spending and smart organization programs, initially focused on the company's Retail…
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