The first 500 closures are slated for fiscal year 2025, which began in September.
The company did not share where the impacted stores are located.
“It is never an easy decision to close a store.
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“When closures are necessary, we will work in partnership with community stakeholders to minimize customer disruptions.
We intend to redeploy the majority of our team members from those stores that we close.”
This isn’t the first time Walgreens has announced mass closures.
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Walgreens is one of several pharmacy chains that are struggling.
Earlier this month, CVS announced that it’slaying off approximately 2,900 employeesas part of a cost-saving plan.
In 2021, the pharmacy chain shared that it would shutter 900 locations in the next three years.
Meanwhile, Rite Aid recentlyemerged from bankruptcyafter closing more than 520 locations since the filing in Oct. 2023.
