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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 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 ...
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 to close 13% of stores in U.S. While it's not immediately clear which 1,200 stores Walgreens is planning on closing, the move would impact about 13% of the more than 8,700 stores that ...
A company spokesperson said about 25% of Walgreen's location are not contributing to the chain's long-term strategy.