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Walgreens Announces Closure of 76 Stores Across U.S.

In an effort to save up to $50 million, 76 unprofitable Walgreens locations will be shuttered, the Chicago Tribune reports.

Credit: File photo
Credit: File photo
By Melanie Santostefano 

Deerfield-based retail giant Walgreens plans to shutter 76 unprofitable stores across the country in an effort to save up to $50 million, the Chicago Tribune reports.

Most of the closures, though specific locations were not named in a Tuesday investor conference, will occur in towns where other Walgreens are currently located, the article states. Meanwhile, Walgreens reports it will still have a net increase of up to 75 stores in new locations. 

The Chicago Tribune has more on this story
Barb March 26, 2014 at 03:50 PM
There is one on every corner anyway! Shouldn't hurt them to close a few.
JusticeLeague March 26, 2014 at 03:57 PM
Barb - I was just going to write the same thing! They spent how much money remodeling and building new stores in the past year, now they have to close. What a waste! CVS will take over the stores they close, I'm sure.
Tracy George-Levine Moorman March 27, 2014 at 12:10 AM
What about all these people that are going to lose their jobs, how insensitive!

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