Walgreens Boots Alliance Inc (WBA)

[Prudent Capitalist]

This is a natural result of working through the RAD store acquisitions and other acquisitions, as WBA assesses the appropriate store coverage geographically in certain cities and areas. I was down in New Orleans last year, and was struck by the fact that in the core area of downtown as it transitioned into the French Quarter, there literally were 4-5 Walgreens in a very compact area, including 2 right across Canal St. from each other in a 2-block area, with another just a block off Canal St. into the French quarter, within 2 blocks of the other 2. I am sure WBA is just right sizing the store square footage in some areas and markets in terms of which stores will stay open to cover specific geographic areas more efficiently.