HOUSTON, Texas (KPEL News) – A major retail and pharmacy brand is working on another round of store closures, and Texas will see a couple of stores close as part of the new wave.
Walgreens, which has been the subject of numerous closures in recent years—largely due to retail theft in certain major urban areas—announced that it would be closing roughly 1,200 stores over the next three years, with 500 of those closures coming in 2025.
Why Is Walgreens Closing So Many Stores?
In a public statement, Walgreens said it was seeing losses, with several stores “not currently contributing to our long-term strategy,” Tim Wentworth, Chief Executive Officer, Walgreens Boots Alliance, said.
He went on to explain how the company would be moving forward…