Is Walgreens going to close in 2025?

Yes, Walgreens is closing hundreds of stores in 2025 (around 500) as part of a larger plan to close 1,200 underperforming locations by 2028, aiming to streamline operations and improve profitability amidst financial pressures, with closures impacting various states and increasing "pharmacy deserts".

Are Walgreens closing in 2025?

Walgreens is closing about 1,200 underperforming stores over three years, with approximately 500 slated for closure in its fiscal year 2025 (ending August 31, 2025) as part of a "Footprint Optimization Program" to cut costs and focus on core pharmacy services. Specific locations have closed throughout 2025 in states like California, Massachusetts, New Jersey, and Ohio, with pharmacies transferring prescriptions to nearby stores and offering delivery.
 

Which stores are going to close in 2025?

Here are the retailers who announced store closures in 2025

• Kohl's. ...
• Big Lots. ...
• Macy's. ...
• Dollar General. ...
• Joann. ...
• JCPenney. ...
• Hooters. ...
• Red Robin.

What pharmacies are closing in 2025?

There are roughly 2,000 fewer pharmacy locations, to start: Around 1,250 Rite Aid's locations closed after its Chapter 11; Walgreens shuttered around 500 locations, as part of its plans to close 1,200 in three years; and CVS closed 270 spots in 2025, on top of another 900 doors in recent years.

What is going to happen with Walgreens?

Walgreens is becoming a private company after being acquired by Sycamore Partners, leading to a major restructuring where it will split into five separate businesses (Walgreens, Boots, Shields, CareCentrix, VillageMD) to focus on specific areas like retail, specialty pharmacy, and primary care, with plans to streamline operations, enhance healthcare services, and invest in technology, aiming for long-term improvement after years of financial challenges. Customers can expect store continuity but potential changes like store closures and expanded health services as the new private entity restructures and aims to innovate. 

Why Walgreens And CVS Are Shutting Down Thousands Of Stores

Why are so many Walgreens shutting down?

Walgreens is closing stores due to a combination of financial struggles, overexpansion, and industry-wide pressures like low prescription reimbursement rates from Pharmacy Benefit Managers (PBMs), increased competition from online pharmacies and big-box retailers (Walmart, Target), high operating costs (staffing, theft), and shifts in consumer behavior, with CEO Tim Wentworth targeting unprofitable locations as part of a cost-cutting strategy. 

Who bought Walgreens in 2025?

NEW YORK–Aug. 28, 2025—Sycamore Partners (“Sycamore”) announced today that it has completed its acquisition of Walgreens Boots Alliance, Inc. (the “Company” or “WBA”).

Is CVS closing down in 2025?

CVS plans to close around 270 stores in 2025 as part of its ongoing strategy to optimize store locations, following hundreds of closures in previous years, driven by factors like population shifts, changing consumer habits (more online shopping), and the need to better align with community health needs, though the company emphasizes maintaining access with new store openings in high-demand areas and ensuring 85% of Americans remain within 10 miles of a CVS. Specific store lists are released locally, but nationwide closures are happening across the U.S.
 

What happens when Walgreens closes?

When a Walgreens closes, prescriptions are typically transferred to a nearby location, patients are notified by mail and can choose a new pickup spot (with some controlled substances needing direct pharmacist help), and the building may become another business or sit vacant, impacting local access to pharmacy services, especially for seniors and those with disabilities. Walgreens aims to smooth the transition by offering delivery options and transferring auto-refills to other stores in their network. 

What stores are closing in 2026?

In 2026, several major retailers, including Macy's, GameStop, Kroger, Yankee Candle, Orvis, and Noodles & Company, are closing stores due to ongoing shifts to e-commerce, focusing on underperforming locations, and adapting to changing consumer habits, with specific examples like Macy's closing 150 stores and GameStop shuttering hundreds, alongside potential closures for chains like REI and Jack in the Box.
 

Are any new stores opening in 2025?

Target, Walmart, Costco, and Trader Joe's plan to open new stores in 2025. New store openings are planned in over a dozen states, including California, Texas, and Michigan.

Are Kohl's stores closing in 2025?

Kohl's closed 27 underperforming stores by April 2025 as part of a strategy to improve financial health, with specific locations in numerous states shutting down, and also closed a San Bernardino fulfillment center. While these closures were completed in early 2025, experts anticipated potential further store actions, with these closures representing less than 3% of their total stores, focusing on underperforming sites and enhancing efficiency, according to Kohl's Corporate and RetailWire. 

Why is Joann's closing?

Joann's closed due to a combination of heavy debt from private equity buyouts, declining sales post-pandemic, and intense competition from online sellers and rivals like Hobby Lobby and Michaels; these factors led to Chapter 11 bankruptcy filings and liquidation in 2025, shuttering all stores after a failed attempt to find a buyer, notes this NPR article, this Fortune article, and this Wikipedia article.
 

Why is Walgreens struggling?

Walgreens is struggling due to a combination of declining prescription profits from Pharmacy Benefit Managers (PBMs), increased competition (Walmart, Costco), changing consumer habits, high debt, overexpansion, and operational issues like understaffing and theft, leading to lower retail sales and store closures despite pandemic-era vaccination boosts. Misguided health care acquisitions (VillageMD, Summit Health) also burdened finances, forcing a strategic pivot away from being a primary care provider to focusing on core pharmacy and virtual health, notes.
 

How many stores are closing down in 2025?

Stores Closing in the U.S. in 2025: REI Co-op, Claire's, JCPenney and More Companies Facing Financial Challenges. Approximately 15,000 stores are expected to close in the U.S. this year, according to Coresight Research.

What happens to pharmacy prescriptions when Walgreens closes?

When a Walgreens closes, prescriptions are typically transferred to a nearby Walgreens, often automatically, but you need to update your preference in the app or online; for controlled substances, you must contact your doctor or the new pharmacy directly, as transfers may be restricted, and always confirm with your doctor and the new pharmacy to ensure smooth continuity, especially for important daily medications. 

Is Walgreens in danger of closing?

In October 2024, Walgreens announced that it would be closing 1,200 stores over the next three years after reporting a net loss of $3 billion in its fourth quarter. This compared to a net loss of $180 million the year prior and primarily reflected charges relating to opioid lawsuits from previous years.

Will Walgreens be taken over?

A private equity firm acquired Walgreens. What's next for customers? Last month, Sycamore Partners completed its acquisition of Walgreens, taking the company private and splitting it into five separate businesses.

Is Walgreens on the decline?

The story of Walgreens' decline is a business case study in leadership missteps, shifting consumer behaviors and competitive pressures. But at its core, Walgreens' fall is a marketing failure.

Is Walgreens closing stores in 2025?

Walgreens is closing about 1,200 underperforming stores over three years, with approximately 500 slated for closure in its fiscal year 2025 (ending August 31, 2025) as part of a "Footprint Optimization Program" to cut costs and focus on core pharmacy services. Specific locations have closed throughout 2025 in states like California, Massachusetts, New Jersey, and Ohio, with pharmacies transferring prescriptions to nearby stores and offering delivery.
 

What is the 98% rule at CVS?

The CVS "98% Rule" is an unofficial couponing strategy where you only need to spend 98% of the required total (e.g., $29.40 on a "$30 spend" deal) to earn ExtraBucks, though it's not always honored and depends on the specific store and system updates. It allows for small discounts from coupons to not prevent you from hitting the threshold, but some updated stores now strictly enforce the full amount, requiring you to meet the exact dollar value.
 

Is CVS merging with Target?

Target did not sell its entire company to CVS; instead, in 2015, CVS Health acquired Target's pharmacy and clinic businesses for about $1.9 billion, operating them as CVS Pharmacy and MinuteClinic within Target stores, allowing Target to focus on its core retail while expanding CVS's healthcare reach. The deal transformed over 1,600 Target pharmacies and clinics into CVS operations, creating a "store-within-a-store" model that benefits both companies and consumers with integrated health services.
 

Why did Walgreens collapse?

Walgreens' strategy bombed as people started shopping online, and CVS recently surpassed Walgreens as the nation's largest drugstore chain. Now Walgreens has a new owner, the private equity firm Sycamore, who bought the pharmacy giant for only $10 billion — a staggering 91 percent reduction from its peak.

What is the long term outlook for Walgreens?

Walgreens: Growth Outlook and Valuation

Revenue is projected to grow 1.9% through 2027. Operating margins are expected to remain near 1.4% Shares trade at 6.7x forward earnings. Based on analysts average estimates, TIKR's Guided Valuation Model using a 6.7x forward P E suggests about $12/share by 2027.