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Walgreens will close 25% of its roughly 8,600 U.S. stores within the next three years. Here are the 91 stores that are confirmed to shutter. Walgreens Is Closing Thousands of Stores by 2027
Walgreens said in 2019 it would close 200 stores and last year announced an additional 150 store closures. “We are at a point where the current pharmacy model is not sustainable,” Wentworth said.
A number of Walgreens are set to close because the stores are struggling to turn profits, leaders at the pharmaceutical giant announced this week.. Tim Wentworth, the company’s chief executive ...
Soon thereafter, the chain filed a WARN notice disclosing plans to close its Waterford, Michigan distribution center in August 2024, laying off nearly 200 employees. [82] By August, the company had closed or announced the closure of 38% of its stores, amounting to 778 locations, [83] including all stores in Michigan and all but four in Ohio ...
And it already announced a plan to close 150 U.S. stores last summer. Today, Walgreens is about one-third the size of chief rival, CVS , which has also been under pressure over the past two years.
On June 27, 2024, Walgreens said it would close a “significant portion” of its 8,600 U.S. locations within three years as it struggled to keep up with a fast-changing retail pharmacy industry. The company said 25 percent, or around 2,150 of its stores were underperforming and would be considered for closure.
Walgreens is set to close a substantial number of its roughly 8,600 locations across the United States as the company looks to reset the struggling pharmaceutical chain’s business.
In June of 2024, Walgreens announced that only 75% of its 8,600 U.S. locations were profitable and that the company was planning to shutter more than 2,000 locations by the year 2027. The stock price of Walgreens Boots Alliance (WBA) fell by more than 55% between January and July of 2024.