Walgreens is the latest chain to face mass closures.
On Thursday, Walgreens announced that it would be closing a “significant” number of underperforming stores across the country.
“The current pharmacy model is not sustainable,” CEO Tim Wentworth told investors on an earnings call. “Changes are imminent.”
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Wentworth said that it would “take a hard look” at 25% of its stores over the next three years with the potential for closure, which means that 2,150 stores could be up for shutting down.
Walgreens currently operates 8,600 stores.
“The consumer is absolutely stunned by the absolute prices of things, and the fact that some of them may
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