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Started By
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Walgreens to close 1,200 locations nationwide
Posted on 10/15/24 at 7:41 am
Posted on 10/15/24 at 7:41 am
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The company previously announced it had plans to close 300 underperforming locations, CNN reported. The new number includes those stores.
In all, Walgreens plans to close 500 locations over this fiscal year, The Associated Press reported.
“This turnaround will take time, but we are confident it will yield significant financial and consumer benefits over the long term,” CEO Tim Wentworth said in a statement to Reuters.
The drug store chain has had financial trouble over the past few years with reimbursements for prescriptions lower than previously while the cost to operate stores continues to climb.
The company also is reviewing its healthcare business called VillageMD and may consider selling part or all of the clinics, less than two years after the company planned to sink billions of dollars to expand the offering, the AP reported.
Walgreens has about 8,500 stores in the U.S., Forbes reported.
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Posted on 10/15/24 at 7:43 am to FLTech
Are they closing stores in areas where shoplifting is legal? Let's hope they close every store in California.
Posted on 10/15/24 at 7:43 am to FLTech
Muh on the cusp of the roaring 20’s economic boom.
Posted on 10/15/24 at 7:43 am to FLTech
Economy is great!
Posted on 10/15/24 at 7:44 am to FLTech
I'm sure the job numbers will go up some more after this.
Posted on 10/15/24 at 7:45 am to FLTech
I used Walgreens for years and transferred my stuff to a local mom and pop a couple of years ago. They had gotten so slow and customer unfriendly that I had had enough. Blame only themselves for their horrible customer service.
Posted on 10/15/24 at 7:47 am to FLTech
Stunning the cycle's some of these retailers go through.
10 years ago, there were two Rite-Aids (one across from the other), a Walgreens and a CVS (4 total) all within 200 yards of each other here in Vestavia.
Now there is a single druggist (the Walgreens) who is feeling the strain of (a newer) CVS having closed months ago.
I don't understand corporate planning, never have.
10 years ago, there were two Rite-Aids (one across from the other), a Walgreens and a CVS (4 total) all within 200 yards of each other here in Vestavia.
Now there is a single druggist (the Walgreens) who is feeling the strain of (a newer) CVS having closed months ago.
I don't understand corporate planning, never have.
Posted on 10/15/24 at 7:50 am to Diamondawg
quote:
I used Walgreens for years and transferred my stuff to a local mom and pop a couple of years ago
Same here but with CVS. Some mom and pops will still “doctor” a little bit too, and save you some time and money associated with doctor visits. I won’t ever go back to a chain.
Posted on 10/15/24 at 8:11 am to FLTech
They're overbuilt
Posted on 10/15/24 at 8:11 am to FLTech
Will VVS close the 1,200 stores they have on the opposite corners of those?
Which one leads and which one follows in the site selection?
Which one leads and which one follows in the site selection?
Posted on 10/15/24 at 8:14 am to captainFid
quote:
10 years ago, there were two Rite-Aids (one across from the other), a Walgreens and a CVS (4 total) all within 200 yards of each other here in Vestavia.
That's one of my backup Walgreens. I use the one in Cahaba Heights and have always been pleased with them as I was with the Rite Aid which was across the street. Do not care for the CVS behind The Summit nor any others in the area.
Posted on 10/15/24 at 8:15 am to FLTech
Damn, "this economy is about to take off".
Posted on 10/15/24 at 8:16 am to WRhodesTider
Should wait until Trump fixes our economy again
Posted on 10/15/24 at 8:18 am to CatsGoneWild
All the Rite-Aids are closing in Michigan. I thought pharmacies printed money?
Posted on 10/15/24 at 8:19 am to FLTech
This is how you Build Back Better.
Posted on 10/15/24 at 8:20 am to Houag80
Boeing _ -17k jobs
J&J ____ -10k jobs
True Value ___ chapter 11
Walgreens ___ 1200 stores shitcanned
CVS _________. Coming soon
Buffet _______ moved to cash
Use your fckg brains people
J&J ____ -10k jobs
True Value ___ chapter 11
Walgreens ___ 1200 stores shitcanned
CVS _________. Coming soon
Buffet _______ moved to cash
Use your fckg brains people
Posted on 10/15/24 at 8:21 am to Tchefuncte Tiger
quote:
Are they closing stores in areas where shoplifting is legal? Let's hope they close every store in California.
Yep
Posted on 10/15/24 at 8:24 am to FLTech
I used to use CVS. The persistent robocalls drove me to switch all of my prescriptions to an independent pharmacy. I really like going to a place where my family and I are known and treated like close friends. There are much shorter wait times and no long lines. I would never go back to a chain pharmacy.
Posted on 10/15/24 at 8:24 am to FLTech
But the economy is booming, Joe and Kamala said so!!! Why should I believe what I see?
Posted on 10/15/24 at 8:26 am to Houag80
quote:
CVS _________. Coming soon
CVS just got through closing 1000 stores the past 3Y
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