Current：Home > ScamsWalgreens plans to close a significant amount of underperforming stores in the US -TrueNorth Finance Path
Walgreens plans to close a significant amount of underperforming stores in the US
View
Date：2025-04-18 10:20:14
Walgreens is planning to close a substantial number of stores in the United States.
The pharmacy chain confirmed its plan to close underperforming stores in an emailed statement to USA TODAY Thursday morning after the parent company, Walgreens Boots Alliance, disclosed the news in its 2024 third quarter fiscal results.
In the statement, a Walgreens spokesperson said the company is repositioning its store footprint, noting that about 25% of its stores are not contributing to the chain's long-term strategy.
The spokesperson also said the company is working on a program to close a significant portion of these locations over the next three years.
Tim Wentworth, CEO of Walgreens' parent company Walgreens Boots Alliance, said in an interview with CNBC that the company now forecasts weaker consumer spending for the rest of the year.
How many Walgreens locations are closing?
Wentworth also said in an interview with the Wall Street Journal that the company has not settled on a final number of locations to close.
Walgreens operates roughly 8,700 stores in 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, according to its website.
Wentworth also told the Wall Street Journal that Walgreens will reduce its stake in primary-care provider VillageMD and will no longer be the company's majority owner.
Wentwort said the company is focused on improving its core business: retail pharmacy. The company is launching a "retail pharmacy action plan" that will "invest in and deliver an improved customer and patient experience across channels," according to the strategic review section of the fiscal results.
According to his interview with the WSJ, Wentworth said the company expects that it will be able to reassign staffers so that its U.S. retail footprint reduction "doesn't result in a meaningful loss of jobs."
Gabe Hauari is a national trending news reporter at USA TODAY. You can follow him on X @GabeHauari or email him at Gdhauari@gannett.com.
veryGood！ (14462)
Related
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- These Best Dressed Stars at the Emmy Awards Will Leave You in Awe
- How Auditing Giant KPMG Became a Global Sustainability Leader While Serving Companies Accused of Forest Destruction
- Frustrated by Outdated Grids, Consumers Are Lobbying for Control of Their Electricity
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Make Sure You Never Lose Your Favorite Photos and Save 58% On the Picture Keeper Connect
- Lawmakers Urge Biden Administration to Permanently Ban Rail Shipments of Liquefied Natural Gas
- The ‘Environmental Injustice of Beauty’: The Role That Pressure to Conform Plays In Use of Harmful Hair, Skin Products Among Women of Color
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Kourtney Kardashian Proves Pregnant Life Is Fantastic in Barbie Pink Bump-Baring Look
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Road Salts Wash Into Mississippi River, Damaging Ecosystems and Pipes
- Here Are The Biggest Changes The Summer I Turned Pretty Season 2 Made From the Books
- Body cam video shows police in Ohio release K-9 dog onto Black man as he appeared to be surrendering
- Why members of two of EPA's influential science advisory committees were let go
- The ‘Environmental Injustice of Beauty’: The Role That Pressure to Conform Plays In Use of Harmful Hair, Skin Products Among Women of Color
- Once Hailed as a Solution to the Global Plastics Scourge, PureCycle May Be Teetering
- Shakira Steps Out for Slam Dunk Dinner With NBA Star Jimmy Butler
Recommendation
Where will Elmo go? HBO moves away from 'Sesame Street'
Two Volcanologists on the Edge of the Abyss, Searching for the Secrets of the Earth
As Enforcement Falls Short, Many Worry That Companies Are Flouting New Mexico’s Landmark Gas Flaring Rules
EPA Announces $27 Billion Effort to Curb Emissions and Stem Environmental Injustices. Advocates Say It’s a Good Start
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Josh Hartnett and Wife Tamsin Egerton Step Out for First Red Carpet Date Night in Over a Year
The Best Prime Day Candle Deals: Nest, Yankee Candle, Homesick, and More as Low as $6
Pittsburgh Selects Sustainable Startups Among a New Crop of Innovative Businesses