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The pandemic gave pharmacies a brief lifeline. Vaccines and COVID test kits drove foot traffic and revenue. But that wave has passed and the problems that were always there are now front and center.
Walgreens and other retailers have been hit by shoplifting and resorted to locking up items or closing high-theft stores since the pandemic, but Walgreens’ problems are much deeper, including ...
CVS, the largest US chain, closed 244 stores between 2018 and 2020. In 2021, it announced plans to close 900 stores by 2024. Walgreens said in 2019 it would close 200 stores and in June announced ...
Walgreens said only two pharmacies were closed on Monday and one remained shuttered on Tuesday. The company also said it is listening to employees' concerns and frustrations.
Walgreens booked a better-than-expected fiscal first quarter and gave Wall Street some positive vibes on the drugstore chain's plan to revive its struggling business. CEO Tim Wentworth told ...
Many commercial tenants, notably retailers, have called the situation a "force majeure" [15] as rationale for voiding lease agreements, although landlords still have to make mortgage payments. [15] These include Cheesecake Factory, [16] [17] Mattress Firm [18] and Subway [15] refused to pay April 2020 rent due to the pandemic, [19] and ...
Walgreens has contended with difficulties for years. The company's share price has seen steady declines for about a decade, dropping from a peak of more than $95 a share in 2015 to less than $15 ...
Walgreens Boots Alliance cut its profit forecast for fiscal 2024 and said it would close underperforming U.S. stores as weak consumer spending hurts retail operations. The drugstore operator's CEO ...