US based drugstore chain Walgreens will be closing some of its more than 8,000 stores.
A report by news outlet Reuters says a number of outlets have been under-performing, due to weak consumer spending, which has hurt retail operations.
These closures will be focused on locations that either aren't profitable, too close to each other, or where stores are struggling with burglary.
CEO of Walgreens, Tim Wentworth also says the company is removing "multiple mid-level executives" and implementing a US$1 billion cost-cutting plan.
The company says it will also consider additional closures if performance doesn't improve.
Meanwhile, according to a regulatory filing, Walgreens has closed 484 stores in the United Kingdom and 625 in the US, as of February this year.
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