Walgreens closing about 1,200 stores in next three years

Pharmacy giant Walgreens announced its plan to close around 1,200 stores over the next three years as retail sales decline. Walgreens has also been dealing with other challenges, including rising operating costs and low reimbursement rates for pharmacy care.

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[sangmoon]

I used to see a CVS and a Walgreens on the same intersection in many places, but CVS stores began to disappear, and it looks like Walgreens is doing the same. The main problem for them is that stores like Walmart are able to give the same pharmacy experience but provide more selection and cheaper prices for the regular store items that CVS and Walgreens sells.

[letit]

Well they did it to themselves. And their overpriced over the counter items.

[Nancy-ssx]

Walgreens are so expensive. Cut prices? No.

[electrolytics]

It's the shoplifting in urban areas!! Several companies have come right out and said it. The losses they take from theft is unsustainable.

[qnzhpwm]

With the rapid growth of online pharmacies this was inevitable.

[wanderingquestions]

Walgreens sent me an email stating an end of the Rx discounts. In over the last year they have always made some mistake in filling Rx(s) so I’ve move my Rx to Walmart who’s process is just much more modern than Walgreens. Looking for first aid items, can’t find them at Walgreens. It’s become little more that a convenience store with a pharmacy attached. .This video comes as no surprise to me.

[Adenshep]

First 7 eleven now this news this month

[AlienTakeover]

This is so heartbreaking just completely breathtaking I was enjoying watching Walgreens and CVS across the street from each other 😢😢

[StalinTheManfSteel]

"We did that!" -Joe & Kamala

[lorimeyers]

Thanks Biden/Harris. CBS probably will find a way to blame this all on Trump, too😂

[stephenrickstrew]

Well there is CVS, Rite Aid, Walmart, Kroger, Dollar General, Family Dollar, etc,

[thabigshow]

500 will be shutting down quick in Obama Obiden votas city's thAts where tha most thefts occur it's not worth tha hassle of keeping thEmb open due to all tha losses

[electricrainbow]

You can thank Amazon and Instacart companies!!

[DPTigre]

Yeah I'm surprised there is no mention about how their stores tend to get robbed often as a reason. 🤔

[DCGreenZone]

When nutrition science eliminates pharma's alternative nutrition.

[thaynetuason]

So much for Mom and Pop stores. And then there went the corperation that drove them out of business! What next?

[ladytinag]

They’ve already started in my city. So had Wendy’s.

[djaygc]

The have good products but like cvs their prices are too high on everything they sell it, s too much competition and they are putting themselves out of business

[DJBIGCG]

They shut down target in my neighborhood over here in California too. Hopefully Trump can help us out when he is our president later this year 👍🏿

[Housemusic]

When people walk out with anything they want, employees told not to do anything and the police can't do anything. What do you expect? I saw someone walk in, walk out calmly with 3 cases of soda. I asked the clerk, did you see that? He says yep, happens all day and night.