Skip to comments.Walgreen To Close 76 Unprofitable Stores
Posted on 03/25/2014 4:56:04 PM PDT by John W
Walgreen Co. on Tuesday said it plans to shutter 76 unprofitable drugstores by August as part of a plan to save $40 million to $50 million per year beginning in fiscal 2015.
The drugstore chain, the nation's largest, declined to specify the locations of the stores slated to close aside from saying they're "spread across the country."
Walgreen, based in Deerfield, IL, said it will confirm the closures in the coming months after it notifies employees.
Most stores that will close either have had other Walgreen locations open in the same area or have seen real estate values decline since they've opened, the company said.
(Excerpt) Read more at ctnow.com ...
I shudder to think about all that new equipment those stores got a year and change back. I had a front line seat at that disaster.
I hope my nearest Walgreens is one that will close. Horribly run store, pharmacist was frequently the only person in the pharmacy, long waits for the simplest purchase. Pharmacists that could barely speak English. My last time there I complied to store manager he just shrugged his shoulders and walked off.
But oddly, a new Walgreen’s store will open up a block down from each closed store. ;’)
This is why we need to raise the minimum wage. /Marx
I hope mine doesn’t close. First our Thrift Drugs became Revco ? or something, then closed. It has been empty for the entire Obama Depression. Walgreens opened nearby. I HOPE it doesn’t close, as it is a pain to get a new drug store to do everything right. Took months before my and my mom’s RX were in order everytime we came in.
If they close the one just up the road, I will NEVER shop there again!
“If they close the one just up the road, I will NEVER shop there again!
Good for you,that’ll show ‘em. :-)
“But oddly, a new Walgreens store will open up a block down from each closed store. ;)
And probably across the street from a CVS...
I hope they don’t close the store where I do my regular profit adjusting shoplifting.
Probably losing money from holding up checkout lines with “reward card” members, and handing out 3 foot long receipts to everyone.
:’) There are two 24-hour pharms in Grand Rapids area, one’s a Walgreen, one’s a CVS, and they’re right across the street from one another.
I wonder how much money is made off of “drugs”. With express scripts and all the other mail order programs, I’ve been expecting a bunch of closings. Many of them are glorified convenience stores. And when they stop selling cigarettes, they might as well close the doors. I don’t smoke, by the way.
A friend of mine called in her Rx to Jewel-Osco pharmacy three days before she was going to pick it up. She goes to get the Rx and they told her they were sorry, they were out of her meds. and it would be six days before they get a new supply in.
(My observations)Meanwhile they are building a Walgreens across the street from a Rite Aid on Broadway Bayonne. Another Walgreens is a few blocks away JFK BLVD in Jersey City. Walgreens & Rite Aid across the street from each other in Little Egg Harbor
EPA again, ya know...they just wasn’t green enough ... something to do with the spotted titmouse getting high on the drugs in their dumpster ... /s
Some of the health care plans (that are left) have made agreements with CVS and one or two other chains to be the sole providers of scripts for their plan. Walgreens was not included.