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  • Lohud | The Journal News

    Will Walgreens stores in the Lower Hudson Valley close? What we know

    By Michael P. McKinney, Rockland/Westchester Journal News,

    26 days ago
    https://img.particlenews.com/image.php?url=2kwJtE_0u6IAE9s00

    Walgreens expects to eventually close a number of locations around the country, but will stores in the Lower Hudson Valley be among them?

    Will Walgreens stores in Westchester, Rockland close?

    Walgreens has about 8,700 locations in 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, USA TODAY reported.

    “Approximately 25% of Walgreens stores are not contributing to our long-term strategy. We’re finalizing an optimization program that we expect will include closing a significant portion of these locations over the next three years,” a spokesperson for the company told The Journal News Thursday. “We are also taking a series of actions and making investments to enhance the customer and patient experience.”

    Details on whether or not Walgreens stores in the Lower Hudson Valley would close were not available.

    In Westchester, Walgreens locations include Dobbs Ferry, Eastchester, Hawthorne, Larchmont, Ossining, Peekskill, Port Chester, Tarrytown, Thornwood, Valhalla, and Yonkers. Rockland County includes locations in New City, Nyack, Spring Valley, Stony Point, Suffern, and Tappan.

    "We continue to face a difficult operating environment, including persistent pressures on the U.S. consumer and the impact of recent marketplace dynamics which have eroded pharmacy margins,” said Chief Executive Officer Tim Wentworth in an online description of parent company Walgreens Boots Alliance’s third-quarter earnings on Thursday. "Our results and outlook reflect these headwinds, despite solid performance in both our International and U.S. Healthcare segments."

    According to the earnings report, the company was finalizing a multi-year plan to close "certain underperforming stores" in the US.

    Wentworth added: “We are focused on improving our core business: retail pharmacy, which is central to the future of healthcare. We are addressing critical issues with urgency and working to unlock opportunities for growth. Many of these actions will take time, but I am confident that we have the right team and the right strategy to lead a business turnaround for the Walgreens that our customers and patients need.”

    Michael P. McKinney covers real estate, growth and development in Westchester County and the Lower Hudson Valley for The Journal News/lohud.com and the USA Today Network.

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