Walgreens to cut costs sharply as drugstore faces challenges

WALGREENS HAS UNVEILED a cost-cutting plan to save $1 billion a year within three years. / BLOOMBERG NEWS FILE PHOTO/AKASHA RABUT
WALGREENS HAS UNVEILED a cost-cutting plan to save $1 billion a year within three years. / BLOOMBERG NEWS FILE PHOTO/AKASHA RABUT
NEW YORK - Walgreens Boots Alliance Inc. shares declined Thursday after mediocre quarterly results and a new cost-cutting plan that raised concerns about how the pharmacy…

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