1200 Walgreens stores will close their doors, with the drugstore chain saying 500 of those locations will close within the next year and the rest by 2027.
Category
📺
TVTranscript
00:001200 Walgreens stores will close their doors for good. The drugstore chain says 500 of those locations will close within the next year and the rest by 2027.
00:10Walgreens has been grappling with a slowdown in consumer spending and low rates of drug reimbursement.
00:16You may recall in May the chain slashed prices to try and draw consumers back in.
00:20Walgreens did post better than expected sales in its most recent quarter as revenue rose 6% from the same time a year ago.