Walgreens to close about 1,200 stores in the US over the next three years.The closures follow a June announcement to shut 25% of its US

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 said Tuesday it plans to close 1,200 stores over the next three years as it seeks to further downsize its footprint amid flagging sales and changing consumer behavior. The pharmacy chain said 500 of the closings would occur over the next 12 months. It estimates a quarter of its 8,700 stores in the U.S. are unprofitable. Walgreens announced the closures as part of its fiscal fourth-quarter and full-year earnings, which beat Wall Street's expectations. In a statement, CEO Tim Wentworth acknowledged the company was in the midst of a "turnaround" that would "take time." "We are confident it will yield significant financial and consumer benefits over the long term,” Wentworth said. In June, Walgreens said it planned to close a “significant” number of its underperforming stores by 2027. Tuesday’s announcement appears to be the company’s first exact estimate of how many locations it will shutter. Both Walgreens and rival CVS are facing a difficult operating environment, fighting to be profitable as consumers…

Walgreens Boots Alliance said Tuesday that it is shutting around 1,200 stores over the next three years, as the drugstore chain moves to turn around its troubled U.S. business.

The closures will be “immediately accretive” to the company’s adjusted earnings and free cash flow, Walgreens said.

The drugstore chain Walgreens said it plans to close roughly 1,200 stores over the next three years, which includes 500 closures in fiscal 2025 alone.

The drugstore chain Walgreens said it plans to close roughly 1,200 stores over the next three years, which includes 500 closures in fiscal 2025 alone.

Oct. 15 (UPI) -- Walgreens on Tuesday reported growth within its business segments, but said it will shutter more than 1,000 stores over the next few years following June's announcement it would close "underperforming" U.S. stores.

Walgreens said it is closing 1,200 locations between now and 2027 that are considered "underperforming."

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 will close about 1,200 locations over the next three years as the drugstore chain seeks to turnaround a struggling U.S. business that contributed to a $3 billion quarterly loss. Company shares soared Tuesday after Walgreens detailed the plan and also reported better-than-expected quarterly results. The company said Tuesday that about 500 stores will close […]

Walgreens will close 1,200 stores over the next three years, including 500 in 2025.

Walgreens is planning to close around 1,200 locations, as the drugstore chain and its rivals struggle to define their role for U.S. shoppers who no longer look to them first for convenience. Drugstores that once snapped up prime retail space in towns and cities across the country are in retreat.…

The grim reaper — or the economy, in this instance — is claiming more jobs and brick and mortar locations.