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Walgreens plans to close 1,200 stores over three years. After 70 closed September to November 2024, 450 more will close in 2025, the company says. ... Massachusetts, on Jan. 13, 2025.
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 about 1,200 of its stores around the country, the pharmacy announced Tuesday. The retailer announced the news in an earnings report Tuesday, saying that the closures will ...
Walgreens didn’t say where the store closings would take place. It will prioritize poor-performing stores where the property is owned by the company, or where leases are expiring. CEO Tim Wentworth told analysts Tuesday that the majority of its stores, or about 6,000, are profitable and provide the company with a foundation to build on.
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 announced plans to close 1,200 stores over three years. Its CEO previously has said roughly a quarter of locations were underperforming.
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 ...
[252] 53 more stores were added to the closing list in April 2024. [253] Additional closures continued, nearly fully eradicating the pharmacy's presence in Michigan and Ohio. [254] In September 2024, Rite Aid emerged from bankruptcy as a privately-owned company. [255] Rockport filed for bankruptcy in May 2018. The company that bought the ...