Walgreens is planning to close down a number of its stores across America as part of its efforts to restructure its operations. The pharmacy chain, which currently has around 8,600 stores in the country, has been struggling in recent years and is now looking to make changes to improve its overall performance. The closures are expected to be implemented in the near future, although specific details regarding the number and location of the affected stores have not yet been announced.
In an effort to improve its business performance, the retail giant has announced plans to shut down several underperforming branches across the country. Although the company has not disclosed the exact number of closures, it has described them as “significant.” This move is part of its ongoing strategy to optimize operations and boost profitability over the next few years.
CEO Tim Wentworth revealed to the Wall Street Journal that the upcoming store closures hold significant importance, as they constitute a “meaningful percent” of the less profitable locations, which make up around one-fourth of the total.
According to Wentworth, the focus of this shake-up will be on stores that are not profitable, those that are situated too close to each other, and stores that are facing ongoing theft issues.
Walgreens’ pre-market trading shares took a nearly 9% plunge following the announcement of their quarterly earnings report and a cut in their full-year profit forecast.
According to Wentrought, the current business conditions are challenging. He acknowledged that the US consumer is under constant pressure, and recent market changes have made pharmacy margins weaker. He also said that their performance and future prospects are affected by these obstacles. Despite these difficulties, the company remains committed to overcoming them.
Full list of Walgreens closing
- 2 N Main St, Memphis, TN 38103
- 2 E Roosevelt Rd, Chicago, IL 60605
- 606 Walnut St, Des Moines, IA 50309
- 600 County Hwy 10, Blaine, MN 55434
- 4916 France Ave S, Edina, MN 55410
- 450 S Schoolhouse Rd, New Lenox, IL 60451
- 389 Johnnie Dodds Blvd, Mt Pleasant, SC 29464
- 124 E Main St, Newark, DE 19711
- 3301 Lancaster Pike, Wilmington, DE 19805
- 4201 Concord Pike, Wilmington, DE 19803
- 32979 Coastal Hwy, Bethany Beach, DE 19930
- 77 7th Ave, New York, NY 10011
- 123 Main St, Fairfield, ME 04937
- 1041 Main St, Longmont, CO 80501
- 1 Yorktown Plz, Elkins Park, PA 19027
- 3067 S Sheridan Blvd, Denver, CO 80227
- 1583 E County Line Rd, Jackson, MS 39211
- 1330 S Caraway Rd, Jonesboro, AR 72401
- 2810 Louisville Ave, Monroe, LA 71201
- 1606 Barnum Ave, Stratford, CT 06614
- 6500 Garners Ferry Rd, Columbia, SC 29209
- 4005 W 26th St, Chicago, IL 60623
- 4000 W 59th St, Chicago, IL 60629
- 12335 NE Glisan St, Portland, OR 97230
- 842 E Main St, Danville, IL 61832
- 4847 Slide Rd, Lubbock, TX 79414
- 4740 W 95th St, Oak Lawn, IL 60453
- 12041 Palm Beach Blvd, Fort Myers, FL 33905
- 804 Spring St, Waynesboro, MS 39367
- 1600 Dr Martin Luther King, Jr. Dr, Crossett, AR 71635
- 955 N State St, Jackson, MS 39202
- 35 Park St, Milo, ME 04463
- 210 E Barnett Rd, Medford, OR 97501
- 37 Old Hwy 22, Clinton, NJ 08809
- 4745 Arapahoe Ave STE 120, Boulder, CO 80303
- 1921 S Main St, West Bend, WI 53095
- 1001 Ave Pedro Albizu Campos, Salinas, 00751, Puerto Rico
- 5300 N Braeswood Blvd, Houston, TX 77096
- 9011 S Pennsylvania Ave, Oklahoma City, OK 73159
- 7880 Winn Rd, Spring Grove, IL 60081
- 7227 S State St, Midvale, UT 84047
- 1861 Main St NW, Los Lunas, NM 87031
- 6505 E 71st St, Tulsa, OK 74133
- 5917 Baseline Rd, Little Rock, AR 72209
- 222 W Court St, Kankakee, IL 60901
- 6000 S Pennsylvania Ave, Oklahoma City, OK 73159
- 713 Congress St, Portland, ME 04102
- 3401 W Roosevelt Rd, Chicago, IL 60624
- 204 Hwy 80 W, Clinton, MS 39056
- 1112 Civic Center Dr NW, Rochester, MN 55901
- 1274 Town Centre Dr, Eagan, MN 55123
- 1900 Maryland Ave, Wilmington, DE 19805
- 5602 Pacific Ave, Tacoma, WA 98408
- 1805 N Brady St, Davenport, IA 52803
- 4220 Missouri Flat Rd, Placerville, CA 95667
- 840 El Camino Ave, Sacramento, CA 95815
- 1400 N Grand Blvd, St. Louis, MO 63106
- 1 Central Square, East Boston, MA 02128
- 14048 Woodward Ave, Highland Park, MI 48203
- 25 Peachtree St, Atlanta, GA 30303
- 4121 Hoover Ave, Dayton, OH 45402
- 6199 Sunrise Blvd, Citrus Heights, CA 95610
- 50 Lincoln St, North Adams, MA 01247
- 78 Main St, Westfield, MA 01085
- 918 Riverview Dr, Kalamazoo, MI 49048
- 28817 Military Rd S, Federal Way, WA 98003
- 3601 16th St, Moline, IL 61265
- 461 Main St, Saco, ME 04072
- 1720 W Washington St, West Bend, WI 53095
- 51670 Huntington Rd, La Pine, OR 97739
- 1605 W 7th St, Joplin, MO 64801
- 2727 NE Hwy 20, Bend, OR 97701
- 1001 N Main St, Elburn, IL 60119
- 2019 N Main St, High Point, NC 27262
- 233 US-1, Scarborough, ME 04074
- 20 W Pioneer Rd, Fond du Lac, WI 54935
- 5701 Ogeechee Rd, Savannah, GA 31405
- 1812 Holloway St, Durham, NC 27703
- 3700 Falls Rd, Baltimore, MD 21211
- 4518 Cottage Grove Rd, Madison, WI 53716
- 4400 NW 23rd St, Oklahoma City, OK 73107
- 101 N Center Ave, Merrill, WI 54452
- 5651 Whiskey Hill Rd, Wolcott, NY 14590
- 4520 Hard Scrabble Rd, Columbia, SC 29229
- 7601 Cantrell Rd, Little Rock, AR 72227
- 595 Piedmont Ave NE Ste 100, Atlanta, GA 30308
- 456 Conover Blvd W, Conover, NC 28613
- 188 Union St, Vernon, CT 06066
- 1195 N State St, Greenfield, IN 46140
- 9700 Menaul Blvd NE, Albuquerque, NM 87112
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