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In the statement, a Walgreens spokesperson said the company is repositioning its store footprint, noting that about 25% of its stores are not contributing to the chain's long-term strategy.
The struggling drugstore chain plans to shut down 500 stores next year, and about one in seven locations is set to close by 2027. In June 2024, Walgreens announced the closure of 300 ...
Walgreens’ announcement Tuesday morning comes as rival CVS Health wraps up a three-year plan to close 900 stores and Rite Aid emerges from bankruptcy, whittled down to about 1,300 locations ...
The company said Tuesday that about 500 store closures will come in the current fiscal year and should immediately support adjusted earnings and free cash flow. Walgreens didn't say where the store closings would take place. Walgreens operates about 8,500 stores in the United States and a few thousand overseas.
Walgreens plans to close about another 450 stores through the end of 2025, he said. A sign at the 2515 Knoxville Ave. Walgreens in Peoria, Illinois, announces the store's upcoming closure.
While it's not immediately clear which 1,200 stores Walgreens is planning on closing, the move would impact about 13% of the more than 8,700 stores that were open in the United States as of Aug ...
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 Is Closing 1,200 Stores and Investors Should Expect Even More Big Moves in the Future. David Jagielski, The Motley Fool. November 7, 2024 at 8:30 AM.