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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.
There are 8,500 Walgreens stores across the country, and around a quarter are failing
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.
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 ...
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.
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.
Walgreens Boots Alliance cut its profit forecast for fiscal 2024 and said it would close underperforming U.S. stores as weak consumer spending hurts retail operations. The drugstore operator's CEO ...