“The current pharmacy model is not sustainable” Walgreens to close thousands of locations by 2027

Walgreens-store Walgreens will close 25% of its roughly 8,600 U.S. stores within the next three years. Here are the 91 stores that are confirmed to shutter. © Scott Olsen

Revelation 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”

Important Takeaways:

  • Walgreens Is Closing Thousands of Stores by 2027
  • Shoppers, it may be time to find a new pharmacy. Walgreens is closing up to a quarter of its 8,600 stores within the United States.
  • Walgreens CEO Tim Wentworth recently explained to the Wall Street Journal on June 27 that the closures would focus on locations that aren’t profitable, too close to each other or stores struggling with theft.
  • It also follows a declining trend of picking up prescriptions in person, with many people opting to fill their scripts online. “The current pharmacy model is not sustainable,” Wentworth told investors, according to CNN’s reporting. Stores like CVS (which plans to close pharmacies in select Targets) and Rite Aid have similarly experienced declining profits because of lower reimbursement rates for prescription drugs.
  • “Our customers have become increasingly selective and price sensitive in their purchases,” Wentworth told the Associated Press

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