Attentions buyers! Walgreens is closing this locations on June
More than 20 Walgreens stores will close this month in the U.S. as part of a strategy to close at least 500 locations by 2025, seeking to reduce costs and improve performance.
More than 20 Walgreens stores will be shut down this month in the U.S. This is part of a larger strategy aimed at closing at least 500 stores during 2025. This was announced in October 2024, as the company looks to cut costs and close underperforming locations.
Walgreens is the most well-known retail pharmacy store in the country, and the second largest, just behind CVS Pharmacy. Tim Wentworth said: "We are confident that there will be significant long-term financial and consumer benefits from the closure of the stores."
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Why is Walgreens closing stores?
Like many other companies, Walgreens is facing the consequences of the post-pandemic effects, including the decrease in foot traffic, the rise of online shopping, and inflation. Additionally, the company reported a $3 billion loss in the last quarter of 2024. According to Wentworth, only 6,000 of the 8,500 stores across the U.S. are profitable.
They have been closing around 2,000 stores over the past decade. This measure aims to close 1,200 more stores in the next 3 years, especially those with low performance. Some experts have said that the closures are the only option to compete in the online market and with rising prices.
Tim Wentworth, Walgreens CEO, justified the closures as a long-term strategy to improve the company. Photo: NBC News
Which Walgreens stores are closing this month?
Newsweek shared the list of the 10 states that are facing Walgreens closures this June 2025.
- California
Salinas – N. Sanborn Road – June 25 - Florida
Jacksonville – Dunn Avenue – June 26
Miami – NW 7th Avenue – June 25 - Illinois
Chicago – N. Sheffield Avenue – June 23 - Massachusetts
Brockton – Pleasant Street – June 23
Fall River – S. Main Street – June 26
Gloucester – Eastern Avenue – June 23
Springfield – Boston Road – June 24
Swansea – Wilbur Avenue – June 23
Webster – Main Street – June 24
Worcester – Grafton Street – June 25 - New Jersey
Pleasantville – N. Main Street – June 23 - New York
NYC (Duane Reade) – Lexington Avenue – June 24
Syracuse – Genesee Street – June 26 - North Carolina
Durham – Broad Street – June 24
Raleigh – Wake Forest Road – June 26 - Ohio
Garfield Heights – Turney Road – June 24
Reynoldsburg – Brice Road – June 10 - Washington
Bremerton – State Hwy 303 NE – June 23 - West Virginia
Clendenin – Elk River Road N – June 25
Follansbee – Main Street – June 11
Mullens – Moran Avenue – June 23
New Martinsville – 3rd Street – June 10
Oceana – Cook Parkway – June 26
Whitesville – Lewis Street – June 24
