I’m not terribly shocked hearing the news that Walgreens is closing 2,150 stores out of 8,600 locations in the USA. Yup, your local Walgreens may be under the chopping block. According to reports, the closures are due to underperforming stores. They aim to close stores that may be struggling with heavy theft or those that are underperforming in sales. The kicker" They said they’ll consider closing even more stores if things don’t improve. Walgreens shares fell 20% and inflation has taken a big bite out of their regular line of business as well as pharmacy sales.
Walgreens reps discuss how shoppers have been selection and price-sensitive about their purchases. This irony is somewhat funny considering how bloated the prices are at both Walgreens and CVS. I can buy some deo at Target for say $4.99 and I go to my local Walgreens and it’s like $7.99. Walgreens prices are insane to me on everyday essentials like toothpaste, deo, body wash, etc…! And let’s not discuss the makeup prices. Yes, there are plenty of sales and coupons but when you’re running low on toilet paper or deo and need it right away shelling out for it at Walgreens just isn’t it. Confession time but I haven’t shopped beauty or even essentials at Walgreens and CVS in ages. And I’m not on any meds so need to use their pharmacy and even when I do need a z pack when I have a cold I normally head to my local pharmacy as not only is the service better ...