Walgreens plans to close 1,200 stores, with 500 locations shuttering in the next year

After sharing that a quarter of its locations are unprofitable, the retail chain said it’s aiming to cut a substantial number by 2027.

Walgreens is targeting to close approximately 1,200 stores over the next three years, with 500 of those closures happening in the 2025 fiscal year, the drugstore company told Fast Company.