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The company said that 1,200 stores across the U.S. will close. Full list of store locations closing. Walgreens has not released information on which stores will be closing. It said the company ...
Following Walgreens' announcement during the quarterly earnings report, combined with a full-year profit forecast cut there was a nearly 9% plummet in pre-market trading shares.
Walgreens is closing approximately 1,200 stores across the United States as the pharmacy chain struggles with slumping consumer spending.
Walgreens is targeting to close approximately 1,200 stores over the next three years, with 500 of those closures happening in the 2025 fiscal year, the drugstore company told Fast Company.
Walgreens is planning to close around 1,200 locations, as the drugstore chain and its rivals struggle to define their role for U.S. shoppers who no longer look to them first for convenience. Drugstores that once snapped up prime retail space in towns and cities across the country are in retreat.
Fourth-quarter sales in the retail pharmacy sector reached $29.5 billion, an increase of 6.5% from the same quarter a year ago. Walgreens has not announced which stores will close.
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 Boots Alliance Inc., which runs about 8,500 stores in the U.S., said in late June that it was finalizing a turnaround plan in the U.S. that might lead to hundreds of store closings.
The pharmacy chain confirmed its plan to close underperforming stores in an emailed statement to USA TODAY Thursday morning after the parent company, Walgreens Boots Alliance, disclosed the...
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.