![Walgreens CEO Tim Wentworth announced the company will shutter "a meaningful percent" of its 8,600 stores across the U.S.](https://san.com/wp-content/uploads/2024/06/CLEAN_Walgreens-plans-major-store-closures_GETTY.jpg?w=1920)
Walgreens to close ‘significant’ number of stores as profits fall
Thursday
By Lauren Taylor (Reporter), Emma Stoltzfus (Video Editor)
Walgreens announced on Thursday, June 27, that it will close a meaningful percent of its 8,600 locations across the country, according to the company’s CEO, Tim Wentworth. The decision came as the chain faces profitability challenges and declining margins.
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Walgreens to take a hard look at underperforming stores, could shutter hundreds more
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Walgreens to take a hard look at underperforming stores, could shutter hundreds more
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Walgreens plans to close a significant amount of underperforming stores in the US
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Walgreens plans to shutter a significant number of stores within next 3 years
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens to close ‘significant’ number of stores as profits fall
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
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Walgreens plans store closures as CEO says consumers ‘stunned’ by prices
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Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
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Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
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Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
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Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
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Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations – Boston News, Weather, Sports
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens Woes Continue With Plans to Shutter More Stores
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens to take a hard look at underperforming stores, could shutter hundreds more
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Walgreens to take a hard look at underperforming stores, could shutter hundreds more
Click to see story on Winnipeg Free Press
Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
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Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
Click to see story on WPLG
Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
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Walgreens CEO says company set to close ‘significant’ number of stores
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Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens plans to close ‘significant’ number of stores
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Walgreens looks to close ‘significant’ number of underperforming stores
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Walgreens to close ‘significant’ number of stores as profits fall
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Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
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Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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National pharmacy chain to close ‘substantial’ number of locations across US
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens Closing ‘Significant Number’ Of Stores: See CA Impacts
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Walgreens plans to close more stores after missing earnings goals
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens says it could close hundreds more underperforming stores
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WPTZ
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WMTW
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on Montana Standard
Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens Plans Major U.S. Store Closures
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant number’ of stores. Here’s why.
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Walgreens plans to close more stores
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Walgreens may close hundreds of stores in the next 3 years
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens closing numerous stores amid ‘challenging’ retail environment
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Walgreens closing a ‘significant’ number of its 8,600 U.S. locations
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Walgreens ‘changes’ could mean hundreds more store closures
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Walgreens to take a hard look at underperforming stores, could shutter hundreds more
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Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
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Walgreens to take a hard look at underperforming stores, could shutter hundreds more – The Morning Sun
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Walgreens ‘changes’ could mean hundreds more store closures
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Walgreens will close a ‘significant’ number of its 8,600 US locations
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Although the exact number of store closures remains unknown, Wentworth stated that the most underperforming stores would be affected. Walgreens has closed 625 stores since February 2024 and reduced prices on over a thousand products in May.
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The decision to close stores is attributed to a difficult working environment, including pressures on consumers and inventory loss due to theft. The pharmacy chain adjusted its profit outlook for the year, expecting earnings per share to be between $2.80 and $2.95, down from the initial forecast of $3.20 to $3.35.
Wentworth emphasized that consumers have become increasingly selective and price-sensitive in their purchases.
Notably, Walgreens is not the only pharmacy chain impacted by market changes. Both Rite Aid and CVS have closed hundreds of locations due to declining profits. Rite Aid even filed for bankruptcy in October.
[LAUREN TAYLOR]
WALGREENS WILL BE SHUTTERING “A MEANINGFUL PERCENT” OF ITS 86-HUNDRED LOCATIONS ACROSS THE COUNTRY – THE COMPANY’S CEO -TIM WENTWORTH TOLD THE WALL STREET JOURNAL – CITING PROFITABILITY AND DECLINING MARGIN.
THE EXACT NUMBER OF STORE CLOSURES IS UNKNOWN HOWEVER, WENTWORTH SAID THE CHAIN’S MOST UNDERPERFORMING STORES WOULD BE AFFECTED.
THE COMPANY HAS ALREADY CLOSED 625 STORIES SINCE FEBRUARY – AND LOWERED THE PRICES ON MORE THAN A THOUSAND PRODUCTS IN MAY.
WENTWORTH TOLD THE PAPER – THE DECISION TO CLOSE STORES STEMS FROM A DIFFICULT WORKING ENVIRONMENT – SUCH AS PRESSURES ON THE CONSUMER AND THE LOSS INVENTORY DUE TO THEFT.
THE PHARMACY CHAIN CUT ITS PROFIT OUTLOOK FOR THE YEAR AND EXPECTS ADJUSTED EARNINGS PER SHARE TO BE BEWEEN $2.80 AND $2.95 – DOWN FROM ITS FORECAST OF $3.20 TO $3.35.
WENTWORTH SAID THURSDAY THAT CONSUMERS “HAVE BECOME INCREASINGLY SELECTIVE AND PRICE-SENSITIVE IN THEIR PURCHASES.”
WALGREENS ISN’T THE ONLY PHARMACY CHAIN AFFECTED BY MARKET CHANGES: BOTH RITE AID AND CVS HAVE CLOSED HUNDREDS OF LOCATIONS – CITING A DECLINE IN PROFITS.
RITE AID EVEN FILED FOR BANKRUPTCY IN OCTOBER.
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Walgreens to take a hard look at underperforming stores, could shutter hundreds more
Click to see story on The Independent
Walgreens to take a hard look at underperforming stores, could shutter hundreds more
Click to see story on Associated Press News
Walgreens plans to close a significant amount of underperforming stores in the US
Click to see story on USA Today
Walgreens plans to shutter a significant number of stores within next 3 years
Click to see story on abc News
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on CNN
Walgreens to close ‘significant’ number of stores as profits fall
Click to see story on The Washington Post
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on The Mercury news
Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
Click to see story on Star Tribune
Walgreens plans store closures as CEO says consumers ‘stunned’ by prices
Click to see story on NBC News
Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
Click to see story on abc 6 Philadelphia
Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
Click to see story on abc 13 Houston
Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
Click to see story on abc11 Raleigh
Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
Click to see story on abc 7 News
Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
Click to see story on abc30 News
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on Koco News5
Walgreens will close a ‘significant’ number of its 8,600 US locations – Boston News, Weather, Sports
Click to see story on WHDH
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on News & Record
Walgreens Woes Continue With Plans to Shutter More Stores
Click to see story on Time Magazine
Click to close
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on KRDO
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on KIFI
Walgreens to take a hard look at underperforming stores, could shutter hundreds more
Click to see story on KVIA
Walgreens to take a hard look at underperforming stores, could shutter hundreds more
Click to see story on Winnipeg Free Press
Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
Click to see story on Washington Top News
Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
Click to see story on WPLG
Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
Click to see story on Chicago Tribune
Walgreens CEO says company set to close ‘significant’ number of stores
Click to see story on Michigan Live
Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
Click to see story on abc 7 Chicago
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on KCRA 3
Walgreens plans to close ‘significant’ number of stores
Click to see story on Spectrum News
Walgreens looks to close ‘significant’ number of underperforming stores
Click to see story on Las Vegas Review-Journal
Walgreens to close ‘significant’ number of stores as profits fall
Click to see story on Portland Press Herald
Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
Click to see story on abc 7 LA
Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
Click to see story on abc 7 NY
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WCVB
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WLWT
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on The Billings Gazette
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WMUR
National pharmacy chain to close ‘substantial’ number of locations across US
Click to see story on Alabama Live
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WLKY
Walgreens Closing ‘Significant Number’ Of Stores: See CA Impacts
Click to see story on Patch
Walgreens plans to close more stores after missing earnings goals
Click to see story on Penn Live
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WESH
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on KETV
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WDSU
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WTAE
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WYFF
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on KCCI
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on KMBC
Walgreens says it could close hundreds more underperforming stores
Click to see story on The Oregonian
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WISN
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WBAL-TV
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on Missoulian
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WPTZ
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WMTW
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on Montana Standard
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WVTM
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WAPT
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on KOAT
Walgreens Plans Major U.S. Store Closures
Click to see story on Wall Street Journal
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on KWWL
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WPBF
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WGAL
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WXII
Walgreens will close a ‘significant number’ of stores. Here’s why.
Click to see story on WTVR
Walgreens plans to close more stores
Click to see story on KTSM
Walgreens may close hundreds of stores in the next 3 years
Click to see story on WLTX
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on KSBW
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on WJCL
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on KHBS
Walgreens closing numerous stores amid ‘challenging’ retail environment
Click to see story on Scripps News
Walgreens closing a ‘significant’ number of its 8,600 U.S. locations
Click to see story on abc12/WJRT
Walgreens ‘changes’ could mean hundreds more store closures
Click to see story on WSAV
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on Bulletin-Review
Walgreens to take a hard look at underperforming stores, could shutter hundreds more
Click to see story on Shaw Local
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Untracked Bias
Walgreens woes continue with earnings miss, guidance cut and plans to shutter more stores
Click to see story on My Mother Lode
Walgreens to take a hard look at underperforming stores, could shutter hundreds more – The Morning Sun
Click to see story on Morning Sun
Walgreens ‘changes’ could mean hundreds more store closures
Click to see story on NXST
Walgreens will close a ‘significant’ number of its 8,600 US locations
Click to see story on MOR-TV
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79 other sources covering this story
Total News Sources
79
Leaning Left
18
Center
56
Leaning Right
1
Last Updated
2 days ago
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