Walgreens are closing for more than 20 stores as a giant medication for strengthening the site and closing locations.
The closing arrives after Walgreens announced in October, in the next three years, he finished approximately 1,200 storage in the United States. 2025. Year, 400 locations will be greeted by customers.
Why is it important
Many retail giants reduced their national footprint after a pandemic in Covidu 19. lower demand from brick and mortar as a result of online purchase, as well as inflation effects on consumption played a role.
The malls have long pastes from favorites, with nearly 25 percent of the largest American predictions that 2027. years, according to the Real Estate Service.
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What to know
While Walgreens operates approximately 8,500 shops in the entire country, pharmacy and drug chain closed about 2,000 locations in the past decade.
Why are Walgreens closing stores?
The closures arrive this month as the Wentworth Executive Director said Walgreens moves to the “reversal plan”.
“We are sure that it will give significant financial and consumer benefits in the long run,” Wentworth said earlier.
Since more consumers use online prescription services such as Amazon.com, pharmacies have felt pressure on the bottom line as an increase in costs.
In the last quarter of the fiscal year 2024, Walgreens reported a loss of $ 2 billion, an increase with $ 180 million a year ago. Only 6,000 of his stores is still profitable, Wentworth said.
“This solid base supports our condemnation in the retail model of LED pharmacy that is relevant to our consumers and intend to invest in these trades in the next few years,” he said.
Walgreens had sales of $ 37.55 billion for the fourth quarter, an annual increase of 6 percent and fourth quarter and adjusts profits above Wall Street expectations, according to CNBC. A loss of three billion dollars reflects the so-called valuation allowance that is intended to reduce the delayed tax asset that mainly refers to the opioid settlement, the CNBC reported.
Which Walgreens locations are closing in June?
In June, Walgreens close the shops in several countries, including:
California
- Salinas, N. Sanborn Road – 25. Jun
Florida
- Jacksonville, Dunn Avenue – 26. Jun
- Miami, NW 7. Avenue – 25. June
Illinois
- Chicago, N. Sheffield Avenue (Northstar Healthcare) – 23. June
Massachusetts
- Brockton, Pleasant Street – 23. Jun
- Fall River, S. Main Street – 26. Jun
- Gloucester, Eastern Avenue – 23. June
- Springfield, Boston Road – 24. Jun
- Swansea, Wilbur Avenue – 23. June
- Webster, Main Street – 24. Jun
- Worcester, Grafton Street – 25. June
New Jersey
- Pleasantville, N. Main Street – 23. June
New York
- New York City, Lexington Avenue (Duane Reide) – 24. Jun
- Syracuse, Gensee Street – 26. Jun
North Carolina
- Durham, Broad Street – 24. Jun
- Raleigh, Wake Forest Road – 26. Jun
Ohio
- Garfield Heights, Turney Road – 24. Jun
- Reynoldsburg, Brice Road – 10. June
Washington
- Bremerton, State Highway 303 No – 23. June
West Virginia
- Clendenin, River Road Elk N. – 25. Jun
- Follansbee, Main Street – 11. June
- Mullens, Moran Avenue – 23. June
- New Martinsville, 3. Street – 10. Jun
- Oceana, Cook Parkway – 26. Juna
- Whitesville, Lewis Street – 24. Jun
Which shops are already closed?
Walgreens has so far submitted many other locations in 2025. years. A complete published list is:
California
- Hayward, Jackson Street – 22. Maja
- Los Gatos, Blossom Hill Road – 22. Maja
Colorado
- Lakewood, 7665 W. Jewell Avenue – 22. May
Connecticut
- East Hartford, Silver Tape – 20. Maja
- East Haven, Main Street – 22. Maja
- New Britain, Stanley Street – 19. Maja
- New Milford, Danbury Road – 21. Maja
Florida
- Jacksonville, SOUTEL, 19. Maja
Georgia
- Decatur, Hairdressing Road – 22. Maja
- Lawrenceville, Stari Norcross Road – 19. Maja
- Macon, University Drive Mercer – 21. Maja
- Snellville, Hewatt Road – 20. Maja
- Stone mountains, Memorial drive – 19. Maja
Indiana
- Indianapolis, E. Thompson Road – 20. Maja
Maryland
- Essex, Marlyn Avenue – 20. Maja
Massachusetts
- Framingham, Waverly Street – 19. Maja
- Lakeville, Main Street – 21. Maja
- Peabody, Andover Street – 20. Maja
- Salem, Boston Street – 19. Maja
New Jersey
- Cherry Hill, Kings Highway N. – 19. Maja
New York
- Brooklyn, 5. Avenue – 21. Maja
- Middletown, Fitzgerald Drive – 21. Maja
North Carolina
- Richlands, Richland Highway – 21. Maja
- Sanford, Spring Lane – 20. Maja
Pennsylvania
- Norristown, Dekalb Štuka – 19. Maja
- Southampton, 2. Street of Štuka – 22. Maja
- West Chester, E. Street Road – 22. May
- Wyncote, W. Cheltenham Avenue – 15. Maja
Texas
- Dallas, Camp Wisdom Road – 21. Maja
Newsweek Special for Walgreens to comment by email.
What do people say
Kevin Thompson, General Manager 9i Capital and Host 9innings Podcast, said Newsweek: “Walgreens is just the latest injury in a private capital game cost.
Attracted the powers, the founder of the financial group based on Illinois, said Newsweek: “It didn’t seem to be in every corner, and many of them were Walgreens, but higher staff sales, and in the fourth quarter of 2024. years. Years. Time, the only survival plan is to close more retail locations.”
Alex, said financial literacy instructor for the University of Tennessee in Martin, Newsweek: “Walgreens come across what many other great sellers are combined with more online competitions, especially in foods and pharmaceuticals, meant that some locations are less profitable. In recent years, Walgreens has made a decision to close them.”
What happens next
Thompson said that more zipper in trade probably in the coming months.
“Consumers should be prepared for smaller nearby sites, for a long time or in some areas, no local access,” he said.
Powers said that the financial situation Walgreen is indicative of the greater pharmaceutical industry, and the shift is already in progress.
“It is an unfortunate situation that is not limited to their shops,” authorities said. “Other pharmacies will be more likely to have similar difficult decisions in the coming years.”
2025-06-01 07:00:00
