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If you wanted a Walgreens, you shouldn’t have allowed the blacks.
Walgreens is closing approximately 1,200 stores across the United States as the pharmacy chain struggles with slumping consumer spending.
The closures will occur within the next three years, starting with 500 stores being shuttered in fiscal year 2025, Walgreens announced Tuesday in an earnings report. The company had confirmed plans in June to USA TODAY to close unprofitable stores but had not disclosed how many locations would be affected.
The move is part of a multi-year cost-cutting program under CEO Tim Wentworth, who took on the job last year. In a statement, Wentworth reiterated the company’s commitment to focusing on improving its core business: retail pharmacy.
“This turnaround will take time, but we are confident it will yield significant financial and consumer benefits over the long term,” Wentworth said in the statement.
While it’s not immediately clear which 1,200 stores Walgreens is planning on closing, the move would impact about 13% of the more than 8,700 stores that were open in the United States as of Aug. 31 last year.
At least 7,000 pharmacies have closed in the past 5 years in America
The announcement comes amid an improving – but still challenging – fiscal year 2024.
While Walgreens exceeded its target of slashing $1 billion in costs in the last fiscal year, the chain reported a $3 billion loss last quarter mostly due to goodwill impairment charges related to a home care provider called CareCentrix. Still the chain’s revenue in the last fiscal year rose more than 6% from the a year ago, according to the company’s earnings report.
Blacks are totally ruining the country.
You wouldn’t actually have to ship them back to Africa to get them to stop (although that would be ideal). You could just bring back laws against crime.
The George Floyd Dream has failed us all.
