Walgreens just announced plans to close 1200 stores, with 500 of those stores closing within the next fiscal year. All of the stores that will be closed are in the United States.
The decision comes in response to several factors, including rising costs, difficulty in getting prescription reimbursements, and increased competition from online retailers. These closures are expected to affect both urban and suburban areas, with Walgreens focusing on consolidating resources to strengthen profitability.
They have not announced yet which stores will be closing, but the numbers show that about 1 in 7 will shut their doors. We’ll keep an eye out for any indications which stores will be closing and share what kind of closeout deals we find when they do start closing.
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