Walgreens Closing 1200 Stores Including This Indy Location
This morning, Walgreens announced a significant expansion of its store closure plans, revealing that 54 additional locations across 17 states will shut down in the coming weeks. This move is part of a broader strategy to close approximately 1,200 stores nationwide by 2027, with 500 closures slated for the current fiscal year. The decision follows ongoing financial challenges, including rising operational costs and declining prescription reimbursements, prompting the company to optimize its retail footprint.
Key Highlights:
- States Affected: The closures will impact various states, including California, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, Massachusetts, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas, Washington, and West Virginia.
- Customer Impact: Affected customers will receive notifications by mail regarding the closures. Prescriptions from closing stores will be transferred to nearby Walgreens locations or can be managed through the company’s delivery services.
Walgreens’ CEO, Tim Wentworth, stated that approximately 25% of the company’s U.S. stores are underperforming and not aligned with its long-term strategy. The closures aim to focus resources on stronger-performing outlets to stabilize the business.(The US Sun).
The only Indiana store slated for closure at this point is the location at 5095 E. Thompson Road. It will close on May 20.
For a detailed list of the 54 stores scheduled to close, including specific addresses and closure dates, you can refer to the comprehensive list here.
Walgreens Closing 1200 Stores Including This Indy Location was originally published on b1057.com
