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.
They’ve been expanding like crazy in my county.
Reminds me of the Grant’s department stores in the 1970’s.
Those who fail to learn from the past....
MY WALGREENS IS JUST ACROSS THE STREET FROM MY HOUSE! IF THEY CLOSE MY WALGREENS, I WILL SURELY DIE!
If they close, that would send me several miles away to another one. Damn, don't close my Walgreens. Hope, hope, hope, hope.
They opened a new store in my home town only a few years ago. I have noticed their prices are very high except for sales which are sometimes pretty good.
I have now forgotten why but I am boycotting them for one of their political decisions. I really can’t remember but I can distinctly recall saying I would never shop there again and I haven’t.
76 closings out of a total of 8,678 stores, your odds are pretty good.
I bet most of these are in urban non-gentrified areas.
“I hope my nearest Walgreens is one that will close. Horribly run store”
Sorry yours is bad. Mine is excellent and very busy but the employees are really nice and pharmacists are, too. Lines are never very long, if main line has several there, the person in cosmetics will take people to check out.
I am a regular there for meds and minor groceries (and cigs, don’t tell anyone, okay) since it is just across the street from me - saves me from going to grocery and being in a line for just a few things. My meds are so set up with this store and it’s so close, I would hate it if they close.
If they aren’t ready to tell us WHICH STORES ARE CLOSING, they shouldn’t bother with the story.
When Rite-Aid closed some stores they even closed some buildings built but never occupied. Specialty Sports & Supply, one of the largest gun shops in the country, now occupies one of those buildings.
Is that the one at the corner of Happy and Healthy?
“If they arent ready to tell us WHICH STORES ARE CLOSING, they shouldnt bother with the story.”
Next time I go across street to there, will ask the manager because I really, really, do not want that store closed. I’d like to know it now if they are on the closure list.
There are three Walgreens within five minutes of my house. I wonder if any are on the list.
More of those alleged “green shoots” of “recovery”. . .
Think of all those Walgreens $9.50/hr “slaves” who now have more free time for artistic pursuits and only 99 weeks of collecting welf... uhh “unemployment” checks.
Close em all down...who cares? Their prices, along with Rite-Aid and CVS are outrageous.
I do my shopping at Walmart, K-Mart, Costco, and dollar stores.
Go price a can of dog food in your local drugstore.
At least it’s not on the corner of Fulton and Gay.
Y’know, come to think of it, that kidnapping/shooting/standoff/perpkilling that took place in GR a few years ago started about two blocks from those pharmacies.
Walgreens came into the small town I live in about 2 years ago. We already had a WalMart, A RiteAid, and a small local pharmacy. They schmoozed the owner of some prime real estate where a popular diner had been for 60 years. The owner caved and leased the property and the diner was torn down. Walgreens went up and I swear, there is never more than 1 or 2 cars in that parking lot at any time on any day. I’m guessing this one will close.
The ones around here seem to do OK....but certain ones are 24-hour and I wonder if that will change.
I figured being open around the clock was a loss leader; they figured that the good will from being open at all hours would increase customer loyalty....maybe it has, maybe it hasn’t.
my walgreens, which is a 10 minute walk, is great too.
The Walgreens at 51st and Broadway in Oakland has gotten held up.
Some of the ugliest architecture in Berkeley has a Walgreens name on it. One store was so ugly, it closed and relocated to the vacant (former) JC Penney across the street.
I have never gone back after poor service like you describe at one here.
I wish FR had a “like” button:). Nicely done!
Now I have four RiteAids, two Walgreens, a “super” WalMart, a Target (w/pharmacy), a Giant Eagle (w/pharmacy) and a small locally owned pharmacy ALL less than a 10 minute drive from my house (five of those stores being under a 5 minute drive)...for years we used the Rite Aid...but husbands insurance changed this year, and ALL maintenance meds (and he is a diabetic, heart pt w/stents so he has quite a few) MUST BE FILLED in 3 months increments at CVS ONLY! There are two one 25 minutes away and one 40 minutes away (we don’t want to do mail order as he is on two types of insulin and we really don’t trust the idea of cold packs).
Other than the initial headache of getting the GP, the cardiologist, and the internists ALL to rewrite and call in scripts (and all the ensuing trips to the CVS to get all meds refilled), it has been wonderful. Our RiteAid was great, but due to in network pricing, we are saving money. The pharmacists at the CVS have been great as some of the scripts (like needles and pen sharps) didn’t “arrive” from Drs as timely as needed and they gave us partial fill (off of his original 30 day scripts). They have also ALWAYS made a point to ask if we have any questions, have any issues. I hate to admit I thought the worst w/the forced switch, but it has worked out well (even if the pharmacists all look like they are 15).