Walgreens, Tim Wentworth
Walgreens to shut 1,200 stores as CEO Wentworth seeks turnaround
Walgreens Boots Alliance said on Tuesday it would shut 1,200 stores over the next three years as new CEO Tim Wentworth plots a turnaround at the struggling pharmacy chain operator hit by sluggish consumer spending and low drug reimbursement rates.
How Walgreens, CEO Tim Wentworth got to today
Two years into his tenure, Walgreens CEO Tim Wentworth has battled stagnant retail growth, falling stock prices and faced tough decisions about Walgreens' alliance with VillageMD. The earnings announced Tuesday show the magnitude of that challenge. Here is a timeline of key events outlining Wentworth's efforts to get Walgreens back on track.
Walgreens will close 1,200 stores, hoping for a turnaround
Walgreens says about a quarter of its stores are unprofitable. Big pharmacy chains are struggling with growing retail competition and lower prescription payouts.
Walgreens to close 1,200 stores nationwide, but the impact to California stores is unclear
Californians who get their medications at Walgreens may have to find a new pharmacy to fill their prescriptions.
Walgreens plans to close 1,200 stores. Will any Louisville locations close?
The closures will occur within the next three years, starting with 500 stores being shuttered in fiscal year 2025, Walgreens announced Tuesday.
Walgreens to close 1,200 stores over the next three years
The pharmacy giant estimates that a quarter of its 8,700 locations are unprofitable as consumers shift their spending habits.
Walgreens to shut 1,200 stores over next three years as CEO Tim Wentworth seeks turnaround
Walgreens narrowly beat Wall Street’s lowered estimates for fourth-quarter adjusted profit, and forecast fiscal-year earnings that were mostly in line with expectations
Walgreens will shutter more than 1,200 stores in bid to turn around struggling chain
Walgreens said on Tuesday it would shut 1,200 stores over the next three years as new CEO Tim Wentworth plots a turnaround at the struggling pharmacy chain operator
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Walgreens closing 1,200 stores after $3 billion loss. Here's what to know
Walgreens plans to close 1,200 stores, including 500 by 2025, after posting a $3 billion loss, the company announced Tuesday.
Walgreens plans to close 1,200 more stores. How many Arizona stores are at risk?
Walgreens is closing about 1,200 U.S. stores as consumer spending continues to decline for the chain. Here's what Arizona ...
Walgreens closing 1,200 locations. Florida leads US in number of stores; impact unknown
Walgreens has announced it will close about 1,200 stores in the U.S. as it struggles with slumping consumer spending. The closures will take place within the next three years, starting with 500 stores ...
Walgreens, grappling with continued financial losses, lays out plan to shutter 1,200 drugstores
While the decision to close a store is never an easy one, we feel confident in our ability to serve our customers,’ Walgreens ...
Crain's Chicago Business2d
Walgreens is closing stores and bleeding cash, but new CEO insists it's hitting long-term marks
Tim Wentworth also said he’s focused on “reorienting” Walgreens to its old bread-and-butter business as a retail pharmacy ...