Pharmacy chain Walgreens is shutting down approximately 1,200 outlets.
Recently, these shutdowns signify a notable upsurge from a few months back, when the financially strained corporation, in June, declared its decision to close down 300 underperforming branches as part of a multiyear enhancement project led by CEO Tim Wentworth.
The 1,200 closures that were disclosed on Tuesday include the 300 that were mentioned a few months ago.
This situation is still evolving. Expect updates.
The 300 branch closures were initially part of the corporation's multiyear business enhancement project. Despite the efforts, the corporation has announced additional branch closures, totaling 1,200.
