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Prepare for the Changes: How Walgreens Store Closures Will Impact Vermont

Source link : https://usa-news.biz/2024/09/28/vermont/prepare-for-the-changes-how-walgreens-store-closures-will-impact-vermont/

Walgreens Slashes ⁣Prices on‍ Hundreds of Items for the Summer

In⁣ response to persistent above-average ⁢inflation levels, Walgreens has ⁣announced significant price ⁢reductions on ⁣a wide range of products. This decision follows a period of‍ soaring inflation rates, reaching a​ four-decade high in 2022.

Scripps News

Recent reports confirm that Walgreens is planning to close a ⁤substantial number of its stores nationwide, with potential closures in Vermont.

After the parent⁢ company, Walgreens Boots Alliance, revealed ⁣this plan⁣ in its 2024 third-quarter fiscal results, the pharmacy chain officially announced these closures in an email statement​ to USA TODAY on Thursday morning.

A ⁢spokesperson for Walgreens explained that the⁣ company is‌ strategically repositioning its store footprint, with⁣ approximately 25%⁤ of its current stores not aligning with‌ the chain’s long-term vision.

As part of a multi-year optimization program,⁣ Walgreens aims to ​close a significant portion of ⁢these underperforming locations over the​ next three years, ‌as outlined in the company’s fiscal report.

What is the Scope of⁢ Walgreens Store Closures?

Walgreens’ CEO, Tim Wentworth, mentioned to the ⁣Wall Street Journal that the⁣ final number of closures ‌has not been determined⁤ yet.

Currently, Walgreens‌ operates around⁣ 8,700 stores⁢ across ​50 states, the District of Columbia, Puerto Rico, and the‌ U.S. Virgin⁣ Islands, as stated on their website.

In previous years, Walgreens​ has ‌shuttered ⁣150 and 200 stores in‍ 2023 and‌ 2019, respectively.

Impact of Walgreens Store Closures in Vermont

Vermont currently hosts 27 ⁤Walgreens locations.

Over the ‌past years, Vermont has experienced‌ several ⁢Walgreens pharmacy closures, including the downtown Burlington​ store closure ​in November of the previous year and the shutdown of the Morrisville branch in March 2023.

This story was reported by Matthew Korfhage ​and⁤ Gabe Hauari, with Rin Velasco as the contributing trending reporter reachable⁣ at [email protected].

The post Prepare for the Changes: How Walgreens Store Closures Will Impact Vermont first appeared on USA NEWS.

Author : Jean-Pierre CHALLOT

Publish date : 2024-09-28 17:00:14

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