Walgreens Boots Alliance announces unexpected store closures

The American pharmacy giant Walgreens Boots Alliance has announced that it will close 14% of its stores in the USA. This move is part of a comprehensive strategy to reduce costs as consumers are spending less. The company plans to close around 1,200 stores over the next three years. The closure of 500 locations is already planned for 2025. This news led to a notable increase in stock prices: in pre-market trading, Walgreens Boots Alliance shares rose by 8%.