The decision was announced during the company's latest earnings report, highlighting the challenges faced by traditional retail pharmacies amid increasing competition and market pressures. CEO Tim Wentworth shared details of this move, indicating plans to shut nearly 14% of Walgreens locations nationwide, with 500 closures already planned for the upcoming year. He pointed out the years Walgreens spent on acquisitions rather than focusing on optimizing its existing store operations, leading to this rough patch. The recent closure of two Walgreens locations within Milwaukee has left residents feeling the pinch. Plans to close stores at locations identified as underperforming aim to realign the company's operational focus and financial health.

Source: Washington Post October 16, 2024 03:12 UTC