Healthcare Innovation October 15, 2024
Facing mounting losses, Walgreens announces the closure of 1,200 locations in the next three years
Facing mounting losses, the Deerfield, Ill.-based Walgreens, on Oct. 15 announced the planned shuttering of about 1,200 locations nationwide, over the course of the next three years. As CNN’s Jordan Vallinsky wrote on Tuesday, “Walgreens is closing approximately 1,200 locations as the drug store chain struggles to contend with online competitors and declining prescription drug payments. By 2027, about one in seven Walgreens currently open will close its doors. About 500 Walgreens will close its doors over the next year, the drug store chain announced Tuesday.”
Vallinsky noted that “Those closures represent a significant escalation from a few months ago, when the financially struggling company...
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