The latest step in Walgreens’ turnaround is a blow to investors - MarketWatch
1. Walgreens halted its quarterly dividend, causing an 8% stock drop. 2. The company is facing reduced foot traffic and fierce online competition. 3. Walgreens plans to close 1,200 stores over three years for turnaround. 4. Management is refining capital allocation to improve balance sheet health. 5. Despite struggles, WBA stock is up 23% this year compared to S&P 500.