Walgreens to shut 1,200 stores as CEO Wentworth seeks turnaround
Walgreens Boots Alliance said on Tuesday it would shut 1,200 stores over the next three years as new CEO Tim Wentworth plots a turnaround at the struggling pharmacy chain operator hit by sluggish consumer spending and low drug reimbursement rates.
Walgreens will close 1,200 stores, hoping for a turnaround
Walgreens says about a quarter of its stores are unprofitable. Big pharmacy chains are struggling with growing retail competition and lower prescription payouts.
How Walgreens, CEO Tim Wentworth got to today
Two years into his tenure, Walgreens CEO Tim Wentworth has battled stagnant retail growth, falling stock prices and faced tough decisions about Walgreens' alliance with VillageMD. The earnings announced Tuesday show the magnitude of that challenge. Here is a timeline of key events outlining Wentworth's efforts to get Walgreens back on track.
Walgreens plans to close 1,200 stores. Will any Louisville locations close?
The closures will occur within the next three years, starting with 500 stores being shuttered in fiscal year 2025, Walgreens announced Tuesday.
Walgreens to shut down 1,200 stores by 2027
Walgreens Boots Alliance announced plans to close 1,200 stores over the next three years, with 500 of those closures happening in 2025.
Walgreens to close 1,200 unprofitable stores across US. How will Oklahoma be impacted?
The closures will occur within the next three years, starting with 500 stores being shuttered in fiscal year 2025, Walgreens announced Tuesday.
Walgreens closing 1,200 stores after $3 billon loss. Here's what to know
Walgreens plans to close 1,200 stores, including 500 by 2025, after posting a $3 billion loss, the company announced Tuesday. Here's the latest.
Walgreens announces plan to close 1,200 stores over next 3 years
Walgreens Boots Alliance plans to close 1,200 stores during the next three years, with 500 closures set for next year, in the face of low drug reimbursement rates and slower consumer spending.
Walgreens to close 1,200 unprofitable stores across US as part of 'turnaround'
The company had confirmed plans in June to USA TODAY to close unprofitable stores but had not disclosed how many locations would be affected.Start the day smarter. Get all the news you need in your inbox each morning.
Walgreens to close 1,200 stores as US pharmacies struggle to define a new role
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
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Walgreens, grappling with continued financial losses, lays out plan to shutter 1,200 drugstores
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Walgreens is closing stores and bleeding cash, but new CEO insists it's hitting long-term marks
Tim Wentworth also said he’s focused on “reorienting” Walgreens to its old bread-and-butter business as a retail pharmacy ...
Why your drug store is closing
Drug store chains are struggling because of lower reimbursement rates for prescription drugs, according to analysts who cover ...