walgreens boots alliance inc. - WBA

Retail pharmacies will never be obsolete, according to an analyst. But the industry needs to take a hard look at how many stores are needed and what items they should sell.

Walgreens announced that it will close about 1,200 stores over the next three years, with 500 shuttering as early as next year. It's part of the company's turnaround effort.

Walgreens has agreed to pay a $106.8 million fine to settle the Department of Justice's claims the pharmacy billed the government for prescriptions that were never dispensed.

Walgreens on Thursday announced that it is planning to close a number of underperforming stores as it contends with a tough economic environment and declining margins.

Two more CVS pharmacies are filing to unionize with The Pharmacy Guild to fight for better conditions just weeks after a Las Vegas pharmacy made history as the first to do so.

Pro-life groups have pushed back against Walgreens and CVS stores' decision to begin selling the abortion pill mifepristone this month, calling it "shameful."

The companies said last year they planned to offer the pill following the FDA's decision to allow retail pharmacies to sell mifepristone in the country for the first time.

Walgreens Boots Alliance's U.S. retail pharmacy unit brought in revenue of $28.94 billion in the first quarter, topping analysts' average estimate of $27.26 billion.

Anti-Israel protesters in Oakland, California, smashed windows and spray painted "Free Gaza" and "Death 2 Zionism" on Starbucks and Walgreens locations.

Pharmacists and technicians, still outraged over working conditions, are planning another walkout this week to try and gain their employers' attention, one of the organizers said.