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), which has about 100 retail stores in the St. Louis area, 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…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news