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Economy
'Retail apocalypse' forces Walgreens to axe 150 stores by summer 2024: Chain says sales have been hit by plummeting demand for Covid vaccines and tests
2023-07-01
[Daily Mail, where America gets its news]
  • Shares in the pharmaceutical chain this week fell to their lowest in 11 years

  • Company blamed the end of the pandemic and declining demand for Covid-19 products for the closures

  • It comes amidst a widespread 'retail apocalypse' hurting bricks and mortar stores

  • The chain will also axe 300 of its sister brand 'Boots' locations in the UK.

  • It has around 13,000 stores in total across the US, Europe and Latin America.
Related:
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Walgreens: 2023-05-31 Old Navy Closes Flagship Store in San Francisco Amid Wave of Retail Theft Entitlement
Walgreens: 2023-05-16 San Francisco DA releases graphic footage of Walgreens security guard shooting dead transgender shoplifter - and says she WON'T charge him because he was in 'mortal danger'
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