Walgreens To Shutter 1200 Stores Over Three Years

NBC News reports:

Walgreens said Tuesday it plans to close 1,200 stores over the next three years as it seeks to further downsize its footprint amid flagging sales and changing consumer behavior.

The pharmacy chain said 500 of the closings would occur over the next 12 months. It estimates a quarter of its 8,700 stores in the U.S. are unprofitable.

Pharmacy chains have been squeezed in part by changes to the prescription drug market, including lower reimbursements from pharmacy benefit managers.

Read the full article. At this writing, cultists are busy on X blaming Biden and Harris, claiming that the closures are due to shoplifting.

Walgreens says it plans to close 1,200 stores over the next three years as it seeks to further downsize its footprint amid flagging sales and changing consumer behavior. https://t.co/Oi8npNzBTG

— NBC News (@NBCNews) October 15, 2024