Walgreens Closing 1,200 Stores
October 15th, 2024Via: Daily Mail:
Walgreens said on Tuesday it would shut 1,200 stores over the next three years as new CEO Tim Wentworth plots a turnaround at the struggling pharmacy chain operator hit by sluggish consumer spending and low drug reimbursement rates.
The fact is that Walgreens has too many stores. When I take a long bus-trip here in southern Milwaukee County, I am amazed by how many Walgreens stores I see on my way to wherever, some of them a stone’s throw from a Walmart that must be making it impossible for them to so much as break even.
That said, Walgreens is such an outrageous stick-up zone for prescription medications that I think it deserves to fail for that alone.