
Popular Pharmacy Will Close 21 Stores in February
A pharmacy chain with 79 locations across New York State has announced it will be closing 21 stores by the end of February 2025.
Over the last few months, many of the most popular names in pharmacies have announced plans to restructure their business plans after posting massive losses in 2024. Three of the biggest pharmacies including CVS, Rite Aid, and Walgreens have announced they will be closing a record number of locations in the future.
Pharmacy Chain Closing Stores
CVS Health Corp has already announced its plans to close 900 stores over the next three years, while Rite Aid shuttered approximately 800 stores in 2024 alone. Walgreens announced its plans back in July stating it would be closing 1,200 stores in the next three years as well.
Walgreens Closing 500 Stores in 2025
After reporting a net loss of over $3 billion for the final quarter of 2024, Walgreens is planning to close 500 locations across the country in 2025 according to Newsweek. Currently, Walgreens operates over 8,000 stores nationwide, including 79 stores in New York.
What Walgreens Are Closing?
Over the last 10 years, Walgreens has closed some 2000 underperforming stores nationwide and its plan in 2025 is to continue to shutter stores that aren't profitable. The full list of stores that are closing hasn't been released yet but several specific closures in various states have been reported by numerous sources.
SEE ALSO: Trader Joe's Opening Another Upstate New York Location
Twelve stores are set to close between February 24th and the 27th in San Francisco, California, along with five stores scheduled to close between February 17th and the 27th in Chicago, Illinois.
Two stores in Oakland, California will close including one on February 24th, and one on February 27th, along with one store in Rockford, Illinois set to close on February 19th, and one store in Augusta, Georgia that's set to close on February 20th.
New York Stores Closing?
There has been no mention of any of the 79 Walgreens locations in New York closing yet, but Walgreens is expected to continually update the list of stores closing throughout the current year so that could change.
Take a look at some of the biggest names in retail that closed the most locations last year...
10 Retailers That Closed the Most Stores in 2024
Gallery Credit: Google Maps
New York's 15 Most Popular Grocery Stores
Gallery Credit: Getty Images/Canva
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