Walgreens to take a hard look at underperforming stores, could shutter hundreds more

Heat index up to 105° to 110° around San Antonio, and we’re watching the the Atlantic for dust and tropical activityFILE - A Walgreens store in Bradenton, Fla., is shown on Feb. 9, 2024. Walgreens is finalizing a plan to fix its business that could result in closing hundreds of additional stores over the next three years.

"We are at a point where the current pharmacy model is not sustainable and the challenges in our operating environment require we approach the market differently," he said. “Our customers have become increasingly selective and price sensitive in their purchases,” said Wentworth, who joined the company last fall and has been conducting a review of its business.

Walgreens Boots Alliance Inc. also reported that it missed earnings expectations and cut its annual forecast.

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