Shareholders in U.S. pharmacy chain Walgreens have voted to approve its purchase of the outstanding 55% of Alliance Boots, with the company set to be listed on Nasdaq.
However, the company has hinted it may take a different approach with regard to store locations, rethinking its corner store strategy as it seeks to realize cost savings from the merger.
Its executive vice president and chief financial officer, Tim McLevish, told an analysts’ call recently that smaller stores, new locations and closures might be options. “In some locations, we would benefit by a smaller-format store,” he said.
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The Independent, p. 3
