Walgreens announced that it is closing about 200 U.S. stores to cut costs.

The drug store chain still plans to open the store under construction at 125 Samish Way in Bellingham, said Walgreens spokesperson Phil Caruso. The Samish Way store will open this fall, he said.

In its most recent earnings report to investors, Walgreens projected the closures will save the company $500 million by the end of fiscal 2017.

Walgreen’s currently has three other Whatcom County locations: 1070 E. Sunset Drive, 4090 Meridian St., and 1901 Main St., in Ferndale.

Caruso couldn’t provide any other information on which Walgreens stores will close. The company is still finalizing the list and the closures won’t focus on any specific geographic area, he said.

The stores will likely close by 2017, but there’s no hard time line for the closings, Caruso said.

Two hundred stores is about 2.5 percent of Walgreen’s U.S. stores, which total more than 8,200.