Walgreens, the renowned pharmacy chain, announced at the end of 2024 that it will close more than 1,000 stores in the United States over the next three years. The closures will begin this year, specifically in February. Here’s a list of the locations that will no longer operate next month.
Why is Walgreens closing its stores?
According to the company’s announcement, the store closures are part of a strategic plan to reduce costs in response to the decline in consumer spending. This situation has caused the pharmacy chain to lack the necessary resources to cover expenses related to rents, staff, and essential supplies.
Additionally, the company is facing several challenges, including a decrease in reimbursements for medications, an increase in operating costs, and increasing competition from online retailers like Amazon, Walmart, and Target.
How many Walgreens pharmacies will close?
The company plans to close 1,200 stores over three years. The closure process will begin in fiscal year 2025 with 500 locations.
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Which Walgreens pharmacies will close?
Walgreens customers in California will be affected by the planned closures next month. According to reports, these are the 12 San Francisco locations that will close in February:
- 1201 Taraval Street
- 3201 Divisadero Street
- 1363 Divisadero Street
- 825 Market Street
- 1750 Noriega Street
- 5280 Geary Boulevard
- 1524 Polk Street
- 1301 Franklin Street
- 1189 Potrero Avenue
- 135 Powell Street
- 1630 Ocean Avenue
- 5300 3rd Street
Illinois is another affected state. In Chicago, five pharmacies will close:
- Western Avenue in West Englewood
- 26th Street in La Villita
- Commercial Avenue in South Chicago
- King Drive in Lake Meadows
- Jeffery Boulevard on the South Side
When will Walgreens pharmacies close?
In San Francisco, California, the closures will take place between February 24 and 27, while in Chicago, Illinois, the stores will close between February 17 and 27.
What type of pharmacy is Walgreens?
The company is involved in the sale of prescription medications, health and wellness products, photography services, and health-related information.
How to pick up medications at Walgreens?
You or the person picking up your order will need to present a photo ID or the email that says “Ready for Pickup”. Then, you should head to the photo counter at the selected store to collect your order.
Who owns Walgreens pharmacies?
Walgreens Boots Alliance Inc. is the parent company of the pharmacy chain, formed after the merger of Walgreens and Alliance Boots in 2014. Headquartered in Deerfield, Illinois, Walgreens is a U.S.-based company that operates the second-largest pharmacy network in the United States, only behind CVS.
How many Walgreens stores are there in the United States?
As of fiscal year 2024, the company operated a total of 8,560 locations in the United States, including both retail stores and healthcare centers, located in the U.S., Puerto Rico, and the U.S. Virgin Islands.
In which countries does Walgreens operate?
The pharmaceutical company has offices in several countries, including the United States, the United Kingdom, Ireland, Switzerland, Germany, Italy, Thailand, China, Japan, Mexico, Chile, and the Netherlands.
Which is the largest pharmacy chain in the world?
Walgreens Boots Alliance is the largest pharmacy chain globally, serving millions of customers daily through its vast network of more than 18,500 locations in 11 countries. The company offers a wide range of prescription medications, over-the-counter products, and healthcare services.
