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- Walgreens is closing 150 stores by 2024 as part of its cost-saving measures12. The company's profits were hurt by lower consumer spending and reduced demand for COVID-19 vaccines12. Walgreens also faces challenges from rising drug prices, lower staff enrollment, and opioid lawsuits3. The company says it is focused on creating the right network of stores in the right locations to meet the needs of patients and customers4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The popular US pharmacy Walgreens just announced that they plan to close 150 stores by the end of August 2024. The move comes as the company is trying to cut costs following lower-than-expected earnings for the year. The company says its profits were hurt by lower consumer spending and reduced demand for COVID-19 vaccines.wpst.com/walgreens-store-closure-list/Store closings are just some of the company's cost-saving measures, which come as Walgreens reported net income of $118 million, about 59% below the previous year, and failed to meet earnings expectations, based on analysts polled by S&P Global Market Intelligence.www.usatoday.com/story/money/2023/07/01/walgr…Among the reasons for store closures are rising drug prices, lower staff enrollment, and historic opioid lawsuits, which have impacted each company's financial standing. Pharmaceutical industry giants announced they would push prices up starting this month in December.www.newsweek.com/why-your-drugstore-closing-c…In a statement to Best Life, a Walgreens spokesperson said that decisions to close stores are multifaceted. "As we expand as a leader in healthcare, we are focused on best meeting the needs of patients and customers in communities we serve by creating the right network of stores in the right locations," the spokesperson said.bestlifeonline.com/walgreens-cvs-closing-locations …
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WEBOct 7, 2023 · Walgreens’ corporate management have announced that they would be closing 150 of its nearly 9,000 stores in the United States by the end of August 2024 as …
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