Five Walgreens stores in Southern California reportedly are closed
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A handful Retail Pharmacy Stores in Walgreens It is expected to be closed forever in Southern California.
The company plans to close five locations in Whittier, Los Angeles, Placentire and Stanton in late March: Walgreens, Walgreens confirmed to Fox Business.
“Increased regulatory and refund pressure” affected the ability to “cover,” staffing and supply costs, and affected the decision to close locations in the pharmacy store chain, Walgreens said in a statement. Ta.
“If you need to close, like here In Californiawe will work together with community stakeholders to minimize customer disruption,” the company said.
Last year, Walgreens announced a “footprint optimization program,” which it said would involve cutting around 1,200 locations over three years. (Joe Raedle / Getty Images / Getty Images)
Los Angeles Daily News previously reported on future closures.
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Aisles and prescription signs for products at Walgreens Store in New York City. (Lindsey Nicholson/UCG/Universal Images Group Getty Images/Getty Images)
This comes after 12 Walgreens Store news San Francisco We will face closures in late February. The company previously cited the impact of “increased regulatory and refund pressures” on the costs of these locations.
Dozen Walgreens store in San Francisco is closing
Last year, Walgreens announced a “footprint optimization program,” which it said would involve cutting around 1,200 locations over three years. At the time, the company said a total of about 500 people would be closed in 2025.
CEO Tim Wentworth Last month, in the company’s first quarter revenue call, Walgreens said “the cornerstone of the turnaround is stabilizing the US retail pharmacy business,” while Walgreens said “progress across several major boards of this plan.” “He said.
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He said the company “looks for a future footprint to support stronger performance.”
The exterior of the Walgreens Store in Mill Valley, California, January 6, 2022. (Justin Sullivan/Getty Images/Getty Images)
“We are currently seeing comparable front-end sales in our store fleet that exceeds our planned stores closing at around 390 basis points with a pharmacy script comparable to around 250 basis points this year,” Wentworth said. “To be clear, even using future footprints, long-term merchandising and consumer engagement initiatives must be implemented to grow. However, this data has shown that smaller footprints are not the same. We support the view that it will be healthier for us.
In the first quarter of fiscal year 2025, the Walgreens Boots Alliance generated $39.46 billion in sales. The company reported a net loss of $265 million, or 31 cents per share.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| WBA | Walgreens Boots Alliance Inc. | 9.46 | +0.10 |
+1.07% |