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Last week, the U.S. Department of Justice filed a civil complaint against Walgreens Boots Alliance Inc (NASDAQ:WBA) and its subsidiaries, alleging widespread violations of the Controlled ...
Walgreens is set to close a number of stores amid low performance in 2024. In a recent announcement, Walgreens said it would close certain underperforming stores in the United States.
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.
One Walgreens pharmacy in Fort Myers, Florida, ordered 95,800 pills in 2009, but by 2011, this number had jumped to 2.2 million pills in one year. Another example was a Walgreens pharmacy in Hudson, Florida, a town of 34,000 people near Clearwater, that purchased 2.2 million pills in 2011, the DEA said.
There are 8,500 Walgreens stores across the country, and around a quarter are failing
[8] [2] Pessina was chairman of Alliance Boots from 2007 to 2014, and serves as Executive Chairman of Walgreens Boots Alliance (WBA). [2] He is a director of the Consumer Goods Forum. [2] [9] In July 2020, it was announced that Pessina would step down as CEO of WBA to take a less hands on role and replace Jim Skinner as executive chairman. [10]
The Walgreens news comes amid news of other rivals' experience, such as CVS's three-year plan to close 900 stores and Rite Aid emerging from bankruptcy with only 1,300 stores left.
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