Walgreens started course correcting in May by cutting prices on 1,300 products sold in its stores nationwide to attract frugal shoppers. In June, the company announced plans to close hundreds of its stores, and then, it followed up in July with an announcement that it would close about 2,150 “underperforming” locations by 2027.

Walgreens announced 1200 stores will be closed down over the next three years while 800 more are still under consideration. Here's what we know.

It's been a very difficult year for Walgreens Boots Alliance (NASDAQ: WBA), but the stock was climbing higher following its fiscal fourth-quarter earnings report and the details of its store closure plan. Nonetheless, the stock is still down about 60% year to date.