The pharmacy giant estimates that a quarter of its 8,700 locations are unprofitable as consumers shift their spending habits.
The retail chain Walgreens on Tuesday reported growth within its businesses segments but said it will shutter more than 1,000 ...
Walgreens plans to close around 1,200 stores over the next three years as the chain tries to turn around its struggling U.S. business.
Walgreens called the move a “footprint optimization program,” saying the targeted stores would close over the next three years. The first 500 will occur in fiscal 2025. Fiscal 2024 was a tough ...
The announcement comes amid an improving – but still challenging – fiscal year 2024. While Walgreens exceeded its target of slashing $1 billion in costs in the last fiscal year, the chain reported a ...
Walgreens is planning to close around 1,200 locations, as the drugstore chain and its rivals struggle to define their role ...
Walgreens plans to close about 1,200 locations over the next three years as the drugstore chain seeks to turnaround its struggling U.S. business ...
Walgreens Boots Alliance posted a large quarterly loss while stepping up efforts to execute on Chief Executive Tim Wentworth’s turnaround strategy. The embattled U.S. pharmacy and healthcare chain is ...
More specifics are in as Walgreens trims its footprint in Denver and around the country. A Walgreens at the corner of Havana Street and Colfax Avenue in Aurora will cease operations on Nov. 13 ...
Walgreens also beat reduced estimates for fourth-quarter profit, and projected 2025 earnings that met analysts' expectations. Wall Street embraced the announcements, with shares of the company ...
Walgreens’ announcement Tuesday morning comes as rival CVS Health wraps up a three-year plan to close 900 stores and Rite Aid emerges from bankruptcy, whittled down to about 1,300 locations.
The announcement comes amid an improving – but still challenging – fiscal year 2024. While Walgreens exceeded its target of slashing $1 billion in costs in the last fiscal year, the chain ...