Rob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
Walgreens said Tuesday it plans to close 1,200 stores over the next three years as it seeks to further downsize its footprint amid flagging sales and changing consumer behavior. The pharmacy chain said 500 of the closings would occur over the next 12 months. It estimates a quarter of its 8,700 stores in the U.S. are unprofitable. Walgreens announced the closures as part of its fiscal fourth-quarter and full-year earnings, which beat Wall Street's expectations.
Both Walgreens and rival CVS are facing a difficult operating environment, fighting to be profitable as consumers shift their habits. In 2021, CVS said it would close about 900 stores, or about 10% of its U.S. locations, from 2022 to 2024. Rite Aid recently emerged from bankruptcy and will operate as a privately owned company.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Amazon workers must return to office full-time, CEO saysRob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
Lire la suite »
A Fed rate cut is coming. How big is anyone's guess.Rob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
Lire la suite »
Federal Reserve interest rate cut: How much and when it will take effectRob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
Lire la suite »
Stocks jump following larger-than-expected Fed rate cut — but labor market concerns lingerRob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
Lire la suite »
Three Mile Island nuclear plant to help power Microsoft's data-center needsRob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
Lire la suite »
Checkbook Chronicles: A Miami steakhouse server's secret to making ends meet in one of America's least affordable marketsRob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
Lire la suite »