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Walgreens’ announcement Tuesday morning comes as rival CVS Health wraps up a three-year plan to close 900 stores and Rite Aid emerges from bankruptcy, whittled down to about 1,300 locations.
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 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 said in 2019 it would close 200 stores and in June announced an additional 150 store closures. The loss of a retail pharmacy can leave a void, especially for lower-income households.
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 ...
Walgreens shares sank Friday, a day after the drugstore chain said it was suspending its dividend, breaking a streak of quarterly shareholder payouts that stretches back more than 90 years. The ...
Still, one pharmacy employee who said staff at their store will participate in the walkout on Monday told CNN that they are expected and incentivized to administer more vaccines.
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.