By Lynn Petrak
Source: Progressive Grocer
Walgreens Boots Alliance (WBA) has some of its own health issues to attend to, in terms of its business well-being. The retailer lowered its earnings guidance for the rest of the fiscal year and announced plans to shutter potentially thousands of stores within its core business.
Some of those closures could some soon, as CEO Tim Wentworth shared in a June 27 earnings webcast. “As a convenient destination for millions of consumers and driving $27 billion in retail sales, the store and its digital channels are central to our strategy and customer experience. But the consumer has evolved, demographics and preferences have shifted and we need to reposition and operate our stores accordingly,” he explained.
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