Post #20194 by AlphaWolf on the US Policy board

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While the company did not disclose how many stores it plans to close, it said it will close many underperforming stores across the country to optimize operations. The closures will also focus on stores too close to other Walgreens stores or those struggling with theft.

This is corporate-speak for:

Senior management screwed up big time by putting stores too close to each other. But admitting we screwed up is counterproductive to us getting huge bonuses. So we’re blaming it on theft.

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