{"id":51031,"date":"2024-10-15T18:25:50","date_gmt":"2024-10-15T22:25:50","guid":{"rendered":"https:\/\/lakelandgazette.info\/news\/?p=51031"},"modified":"2024-10-15T18:26:01","modified_gmt":"2024-10-15T22:26:01","slug":"walgreens-closing-1200-stores","status":"publish","type":"post","link":"https:\/\/lakelandgazette.info\/news\/2024\/10\/15\/walgreens-closing-1200-stores\/","title":{"rendered":"Walgreens Closing 1,200 Stores"},"content":{"rendered":"\n

More than 1,200 Walgreens stores will close over the next three years as the struggling drugstore chain attempts to complete a successful financial turnaround. The company said Tuesday that about 500 of the closures will occur in the current fiscal year, which began in September.<\/p>\n\n\n\n

Walgreens did not reveal which locations will be shuttered. The chain has about 8,500 stores in the United States and more than 240 in Florida.<\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

The closures were announced as the Deerfield, Illinois-based Company reported a fourth-quarter loss of $3 billion. Still, Walgreens officials remained optimistic about the chain’s long-term survival prospects.<\/p>\n\n\n\n

“This turnaround will take time, but we are confident it will yield significant financial and consumer benefits over the long term,” Walgreens CEO Tim Wentworth said in a statement.<\/a><\/p>\n\n\n\n

Walgreens announced in June that a significant number of stores would be closing. At the time, Wentworth said, “We continue to face a difficult operating environment, including persistent pressures on the U.S. consumer and the impact of recent marketplace dynamics, which have
eroded pharmacy margins.”<\/p>\n","protected":false},"excerpt":{"rendered":"

More than 1,200 Walgreens stores will close over the next three years as the struggling drugstore chain attempts to complete a successful financial turnaround. The company said Tuesday that about… <\/p>\n","protected":false},"author":1,"featured_media":7084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"14","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","inline_featured_image":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"wpai_generated_summary":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2,"attached_media":[{"id":7084,"url":"https:\/\/lakelandgazette.info\/news\/wp-content\/uploads\/2020\/04\/walgreens-store-front2.png","type":"image\/png"}]},"_wpas_customize_per_network":false},"categories":[14],"tags":[10087,10086],"class_list":["post-51031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-200-stores","tag-walgreens-closing-1"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/51031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/comments?post=51031"}],"version-history":[{"count":1,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/51031\/revisions"}],"predecessor-version":[{"id":51032,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/posts\/51031\/revisions\/51032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media\/7084"}],"wp:attachment":[{"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/media?parent=51031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/categories?post=51031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakelandgazette.info\/news\/wp-json\/wp\/v2\/tags?post=51031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}