Why Walgreens And CVS Are Shutting Down Thousands Of Stores

In its fiscal third-quarter report, Walgreens revealed plans to shutter a substantial number of stores, admitting that only 75% of its 8,600 locations were turning a profit. While specific stores haven’t been identified for closure yet, over 2,000 sites could be at risk by 2027. This is just the latest indicator of trouble in the struggling retail pharmacy industry, as both CVS and Rite Aid have also announced significant closures in the past year. Watch the video above to discover why U.S. pharmacy chains are battling to survive.
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