Walgreens Plans to Close 200 Stores

Walgreens Plans to Close 200 Stores

Are NNN's in trouble?   Are you better off working with a local commercial real estate agent to acquire a tangible piece of real estate at reasonable PSF numbers? If your tenant leaves and does not move forward with a  lease extension or option, you could be left holding the hot potato.
Are NNN’s in trouble?
Are you better off working with a local commercial real estate agent to acquire a tangible piece of real estate at reasonable PSF numbers?
If your tenant leaves and does not move forward with a lease extension or option, you could be left holding the hot potato.

Drugstore chain, which recently bought Alliance Boots, also reports higher sales, earnings

By

ANGELA CHEN via Wall Street Journal

Walgreens Boots Alliance Inc. on Thursday said it would close 200 domestic stores as part of an expansion of its restructuring program.

The pharmacy also reported that sales rose 35.5% in the February quarter, helped by a severe cold season.

Shares added 2.9% to $90.22 in morning trading.

Executive Vice Chairman and Acting Chief Executive Stefano Pessina said Walgreens would pursue additional cost savings in its Retail Pharmacy USA segment—which includes the Duane Reade and Walgreens brands—and hoped to save $1.5 billion by the end of 2017, more than double its original project of $500 million in savings.

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