Retail News

On Lackluster Earnings, Walgreens Scales Back Expansion Plans

Briefing.com 12/22/2008

Although revenues are up 6.6 percent in its latest quarterly report, analysts were expecting better and management now says it will reduce Walgreens’ store openings to a rate of between 4 percent and 4.5 percent in 2010 and between 2.5 percent and 3 percent in 2011.

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