Walgreens hopes to have a turn around with the closing of 1,200 stores

US drugstore chain Walgreens has said it plans to close 1,200 stores over the next three years. “What can we learn from the past? I’m very confident that we’ll…have a revised framework for reimbursement discussions within the next two to three years,” Walgreens CEO Tim Wentworth said. The company had reported a $3-billion net loss in the April-June quarter.