Massive U.S. Pharmacy Chain to Close ‘Significant Share’ of Stores as Locations Struggle
Walgreens will be closing what The Wall Street Journal reports will be a “significant share” of its approximately 8,600 U.S. stores.
The Journal report, from an interview with Walgreens Boots Alliance Chief Executive Officer Tim Wentworth, quoted Wentworth as saying Walgreens would close a “meaningful percent” of underperforming stores over the next several years.
Wentworth indicated Walgreens will also be reducing its investment in Village MD, a primary care provider.
“We recognize where we are is a turnaround,” Wentworth said. “We recognize that we need to be focused on what are the parts of the business that we believe are contributing and have a future, and some of those need to change.”
The CEO of the 123-year-old chain,
