Walgreens is closing 1,200 stores

• Walgreens to close about 1,200 stores in the US over the next three years.
• The closures follow a June announcement to shut 25% of its US locations.
• Walgreens reported a $3 billion loss in its fourth-quarter fiscal 2024 results.

US pharmacy giant Walgreens announced Tuesday that it will close 1,200 stores across the US over the next three years — with 500 locations closing next year.

The company said earlier this year that it planned to close around 25% of its roughly 8,600 locations in the US.

The news came as the company announced its fourth-quarter and full-year results for fiscal 2024, reporting a $3 billion loss during the quarter.

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