Walgreens to close 1,200 U.S. stores: when your local drugstores will start closing
Walgreens started course correcting in May by cutting prices on 1,300 products sold in its stores nationwide to attract frugal shoppers. In June, the company announced plans to close hundreds of its stores, and then, it followed up in July with an announcement that it would close about 2,150 “underperforming” locations by 2027.
Walgreens is closing 1,200 stores as the drugstore chain struggles financially
Walgreens said Tuesday that its net loss swelled to more than $3 billion in the final quarter of 2024. The company said a softer U.S. retail and pharmacy performance hurt. It also booked some hefty charges tied to opioid litigation settlements the company had recognized in previous quarters and an equity investment in China.
Walgreens recently reported its Q4’24 results (fiscal ends in August), with revenue and earnings exceeding our expectations.
CVS Health’s (NYSE:CVS) turnaround could be long and arduous, if it resembles that of drugstore rival Walgreens Boots ...
1don MSNOpinion
Walgreens’ announcement Tuesday that it plans to shutter 1,200 locations over the next three years made headlines, but that ...
Walgreens said it would close 1,200 stores, joining drugstore giants like CVS and Rite Aid in cutting square feet amid losses ...
While the decision to close a store is never an easy one, we feel confident in our ability to serve our customers,’ Walgreens ...
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