Walgreens to Close Even More Stores
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.