Walgreens Boots Alliance plans to close about 1,200 stores, representing roughly 10% of its locations worldwide. Why it matters: CVS, Walgreens and Rite Aid long held a tight grip over prescription fulfillment,

Walgreens Boots Alliance Inc. plans to close 14% of its U.S. stores to cut costs as consumers pull back spending. The Deerfield-based drugstore chain said Tuesday it will shutter around 1,200 outlets

Walgreens plans to close about 1,200 locations over the next three years as the drugstore chain seeks to turnaround its struggling U.S. business.