Marketing

Walgreens closing 100-plus US stores

Tupungato - stock.adobe.com

July 13, 2023

Pharmacy chain Walgreens will shut 150 stores in the U.S. and 300 in the U.K. due to slower consumer spend and a declining demand for COVID-19 vaccines.

The retailer made the announcement during a recent earnings call and said the closures are part of a cost savings strategy, according to a CNN report.

Walgreens operates nearly 9,000 stores in the U.S. The closures should be completed by the summer of 2024.