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Walgreens Accelerates Store Closures Across 13 States in May

The pharmacy chain is shutting dozens of locations this month as part of a three-year plan to close 1,200 stores, citing financial losses and shifting consumer habits.

The exterior of a Walgreens pharmacy store on March 27, 2025, in Orlando, Florida.
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Overview

  • Walgreens is closing dozens of stores in May across 13 states, including California, Texas, and New York, with more closures expected in June.
  • The closures are part of a three-year plan announced in 2024 to shutter 1,200 underperforming stores, with 500 closures targeted for 2025.
  • Customers of affected locations are encouraged to transfer prescriptions to nearby stores or opt for at-home delivery services.
  • The decision follows a reported $3 billion net loss in Q4 2024 and low drug reimbursement rates, prompting cost-cutting measures.
  • Parent company Walgreens Boots Alliance is undergoing a $10 billion acquisition by private equity firm Sycamore Partners, further reshaping its operations.