Becker's Healthcare October 17, 2024
Both Walgreens and CVS Health have recently announced plans to shutter locations and lay off employees, further evidence of the changing landscape in the retail pharmacy space.
The closures come in the wake of Walmart Health’s shuttering of all 51 of its health center locations after failing to establish a sustainable business model despite positive patient feedback.
Here’s what you need to know:
Walgreens
Walgreens will close 1,200 locations over the next three years, the company said in its Oct. 15 fiscal fourth-quarter earnings report. The closures include 500 in 2025 and 300 of the store closures that had been approved under a previous cost-cutting plan.
Walgreens Boots Alliance CEO Tim Wentworth said the closures will give...
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