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

Walgreens reported a nearly $3 million loss for this fiscal year as the company grapples with consumers who have turned to ...

Walgreens plans to close 1,200 stores, including 500 by 2025, after posting a $3 billion loss, the company announced Tuesday.

Walgreens is planning to close around 1,200 locations, as the drugstore chain and its rivals struggle to define their role for U.S. shoppers who no longer look to them first for convenience.

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Walgreens says about a quarter of its stores are unprofitable. Big pharmacy chains are struggling with growing retail ...