It’s pretty common to see a Walgreens on one corner and a CVS on the next. The two pharmacy rivals are now facing more store closures in 2025.
Walgreens Cites Profitability and High Theft as Reasons for Closures
The 1,200-store closure plan stems from Walgreens’ recent struggles with profitability, with about 25% of their stores failing to turn a profit. According to Walgreens CEO Tim Wentworth, the company aims to close locations that are either struggling financially or are close…..