Walgreens Boots Alliance (Deerfield, Ill.) is planning to close more of its roughly 8700 stores in the U.S., according to a variety of news sources, including The New York Times. The company first broached the topic in its most recent earnings release, then CEO Tim Wentworth elaborated on the closure plans in a conference call with stock analysts who follow the pharmacy giant.

Walgreens Eyes Closing 2000-Plus Stores

The US Sun

RETAIL stores nationwide are struggling, coping with the rise of online shopping, declining foot traffic at brick-and-mortar locations, and inflation-weary, cash-strapped consumers. The latest retail giant to face store closures is JCPenney, as the once-booming department store chain, facing declining sales and struggling to entice new customers, has continued to shutter locations nationwide. Why are […]

Why are JCPenney stores closing?

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Livonia, MI

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Last Two Kmart Stores: As of May 2024, only two Kmart stores remain open in the U.S., located in Miami, Florida, and Long Island, New York. Nostalgic Memories: Kmart once offered a variety of goods and memorable experiences, from toys to blue light specials, evoking nostalgia for many shoppers. Legacy...

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Taco Bell joins the meal deal wars with $7 Luxe Cravings Box

FinanceBuzz

Have you seen your favorite products under lock and key at Walgreens? If so, these thefts are just one reason the chain's been forced to close some stores.

Walgreens Announces a "Significant" Number of Stores Expected to Close Thanks to Theft

Walgreens plans to close a “significant portion” of underperforming stores and lower its stake in primary care provider VillageMD, a shift away from the pharmacy chain’s previous strategy to transform into a “consumer-centric” healthcare company. While executives didn’t specify an exact number of stores it...

Walgreens to close ‘significant portion’ of stores, shift away from primary care strategy

CBS Sacramento

Walgreens Boots Alliance will close a significant portion of its roughly 8,600 U.S. stores as the pharmacy chain seeks to turn around its struggling business, which has been hit by inflation-weary customers paring their spending."The current pharmacy model is not sustainable," CEO Tim Wentworth told investors on a Thursday earnings call.With 75% of the company's U.S. stores accounting for 100% of its adjusted operating income, the company plans to examine the remaining 25% of its stores for closures, which would occur over the next three years, said the executive, who took the company's helm in 2023. Shuttering 25% of its...

Walgreens to close up to a quarter of its roughly 8,600 U.S. stores

Fortune

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Walgreens' Decision to Close Numerous Underperforming U.S. Stores. Disclaimer: The following article is intended for informational purposes only and should not be construed as promotional content or a commercial endorsement of any kind.

Walgreens To Close Multiple Underperforming U.S. Locations

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CJ Coombs

The first time my family walked into a Ponderosa Steakhouse was in the late 1960s. It was new and the experience was great. Like other new restaurants, if the management doesn't stay on top, the quality of service can decline. The location we went to did change through the years, but in the beginning, it was great.

The 1960s: the Ponderosa and Bonanza Steakhouses are still around in some states

NBC News

Walgreens is planning potentially sweeping store closures as it faces what its CEO called a “challenging” environment for pharmacies and U.S. consumers. The pharmacy chain announced quarterly earnings Thursday morning that fell short of Wall Street expectations. Walgreens' stock price dropped 22% on the day. In an interview...

Walgreens plans store closures as CEO says consumers are 'stunned' by prices

New York Post

Walgreens on Thursday said it could shutter up to a quarter of its more than 8,600 US locations amid plunging retail sales as inflation-battered shoppers cut back on spending.

The struggling drug store chain, which closed 150 US locations last year, cut its profit forecast ahead of reporting its quarterly earnings — sending the company’s stock plummeting by nearly 25% in mid-day trading.

Walgreens CEO Tim Wentworth, who took over the 123-year-old company in October, cited “persistent pressures on the US consumer and the impact of recent marketplace dynamics, which have eroded pharmacy margins” for the lowered expectations.

He announced a turnaround plan that includes...

Walgreens could shutter over 2K stores as sales plunge amid stubborn inflation

Walgreens Boots Alliance is evaluating stores for closure and adjusting its earnings outlook downward in the third quarter of fiscal 2024. The pharmacy retailer and health care services company reported net earnings of $344 million, almost triple $118 million in the same quarter a year earlier. However, adjusted net earnings dropped 36.5% to $545 million due to lower adjusted operating income.

Walgreens plans store closings; cuts profit guidance in Q3

NewsBreak

A quarter of Walgreens stores aren't profitable — and a lot of them are about to close

Walgreens said it is planning to close a “significant” number of underperforming stores in effort to stave off economic difficulties. Shares of Walgreens plunged 24% in...

A quarter of Walgreens stores aren't profitable — and a lot of them are about to close

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