Facing a confluence of challenges, Walgreens has announced plans to close a substantial number of stores. Pharmacy closures create pharmacy deserts, or areas where most people live more than 2 miles away from the nearest pharmacy. Valinsky J. Walgreens will close a significant number US stores, shutting down unprofitable locations. Mathews AW, Walker J. Walgreens plans major US store closures; shares tumble. Peiser J. Walgreens to shutter many stores as profits tumble.

Source: New York Times June 28, 2024 05:53 UTC