Walgreens to close 1,200 stores
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.
Walgreens to close 1,200 US stores as chain attempts to steady operations at home
Walgreens operates about 8,500 stores in the United States and a few thousand overseas. All of the stores that will be closed are in the United States. 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.
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While the decision to close a store is never an easy one, we feel confident in our ability to serve our customers,’ Walgreens ...
The nationwide store closures will occur over the next three years as Walgreens (Nasdaq: WBA) aims to cut costs while ...
Walgreens isn’t the first and likely won’t be the last business to announce closures. CVS is at the tail-end of its three-year plan to close stores. Last year, Rite Aid filed for bankruptcy and also ...
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Walgreens has announced plans to close between 1,200 and 1,300 locations within the next few years as the company “ focuses ...
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