{
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Walgreens to close 1200 stores amid financial struggles and competition

Walgreens plans to close approximately 1,200 unprofitable stores across the U.S. over the next three years, starting with 500 in fiscal year 2025, as part of a turnaround strategy under CEO Tim Wentworth. This decision, affecting about 13% of its locations, comes amid challenges from rising competition and declining drug reimbursement rates, despite a 6% revenue increase last fiscal year. The pharmacy chain reported a $3 billion loss last quarter, highlighting the ongoing struggles within the retail pharmacy sector.
USA TODAY
United States Dollar Rite Aid Corporation Sears Big Lots, Inc. Kmart J.C. Penney (Benelux) Ltd. True Value Company CV Sciences, Inc. LL Flooring Holdings, Inc. Hooters OF Odessa Inc. RED Lobster Management LLC Bed Bath & Beyond Inc. Walgreens Boots Alliance, Inc. Disney Stores USA Gabe Hauari Tim Wentworth Show more
Finance & Economy, News Article
09:00 15.10.2024
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