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    Thomason’s plans growth and with it, a broader distribution of its famous baked beans

    Thomason’s plans growth and with it, a broader distribution of its famous baked beans

    BRIEFS: HCPL hosts Veterans Resource Fair; City High class of ’75 reunion; HPD wants help finding car thieves

    WEHT/WTVW employees rally for their union

    WEHT/WTVW employees rally for their union

    Good News: Habitat breaks ground on another build; future owner ‘overwhelmed with joy’

    Good News: Habitat breaks ground on another build; future owner ‘overwhelmed with joy’

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    Pittsburg uses new construction process to build a new type of water storage tank

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    Pitching ace Kemp uses bat to send Lady Cols to state again

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    Blazing-fast broadband services now available to the majority of homes in the city and county

    Blazing-fast broadband services now available to the majority of homes in the city and county

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    HMP&L signs initial agreement to build a battery energy storage system on South Green Street

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    The Gnomes of Audubon Forest, a Henderson Tourist Commission initiative, is a scavenger hunt for all ages

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    Executive director says this year’s arts alliance lineup gives people what they want

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    2000 baseball Cols remember fondly state championship season a quarter century later

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    Summer Sunset Series, SummerFest ratchet up Henderson festival season this week

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    May the summer blockbuster season begin!

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    The Gnomes of Audubon Forest, a Henderson Tourist Commission initiative, is a scavenger hunt for all ages

    The Gnomes of Audubon Forest, a Henderson Tourist Commission initiative, is a scavenger hunt for all ages

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    HCHS grad Tyler Brocato currently competing in a national chef competition

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    Flying through ATL this travel season? Lucky you

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    Thomason’s plans growth and with it, a broader distribution of its famous baked beans

    Thomason’s plans growth and with it, a broader distribution of its famous baked beans

    BRIEFS: HCPL hosts Veterans Resource Fair; City High class of ’75 reunion; HPD wants help finding car thieves

    WEHT/WTVW employees rally for their union

    WEHT/WTVW employees rally for their union

    Good News: Habitat breaks ground on another build; future owner ‘overwhelmed with joy’

    Good News: Habitat breaks ground on another build; future owner ‘overwhelmed with joy’

    Pittsburg uses new construction process to build a new type of water storage tank

    Pittsburg uses new construction process to build a new type of water storage tank

    Pitching ace Kemp uses bat to send Lady Cols to state again

    Pitching ace Kemp uses bat to send Lady Cols to state again

    Trending Tags

  • Tech
    Blazing-fast broadband services now available to the majority of homes in the city and county

    Blazing-fast broadband services now available to the majority of homes in the city and county

    HMP&L signs initial agreement to build a battery energy storage system on South Green Street

    HMP&L signs initial agreement to build a battery energy storage system on South Green Street

    In some parts of the U.S., the grid of the future might be closer than you think

    Trending Tags

  • Entertainment
    • All
    • Gaming
    • Movie
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    Henderson joins West Kentucky Film Commission with hopes of luring movie makers here

    The Gnomes of Audubon Forest, a Henderson Tourist Commission initiative, is a scavenger hunt for all ages

    The Gnomes of Audubon Forest, a Henderson Tourist Commission initiative, is a scavenger hunt for all ages

    Executive director says this year’s arts alliance lineup gives people what they want

    Executive director says this year’s arts alliance lineup gives people what they want

    2000 baseball Cols remember fondly state championship season a quarter century later

    2000 baseball Cols remember fondly state championship season a quarter century later

    Summer Sunset Series, SummerFest ratchet up Henderson festival season this week

    Summer Sunset Series, SummerFest ratchet up Henderson festival season this week

    May the summer blockbuster season begin!

    May the summer blockbuster season begin!

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    The Gnomes of Audubon Forest, a Henderson Tourist Commission initiative, is a scavenger hunt for all ages

    The Gnomes of Audubon Forest, a Henderson Tourist Commission initiative, is a scavenger hunt for all ages

    No Kentucky Home, Part 4: A missing bench comes to symbolize missing solutions to homelessness

    No Kentucky Home, Part 3: A church called its vision for housing a ‘Beacon of Hope.’ The mayor had concerns.

    No Kentucky Home, Part 2: After living outdoors for weeks, she got a place to sleep, a shower — and a job

    HCHS grad Tyler Brocato currently competing in a national chef competition

    HCHS grad Tyler Brocato currently competing in a national chef competition

    Flying through ATL this travel season? Lucky you

    Flying through ATL this travel season? Lucky you

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Walgreens to close 1,200 stores in coming years

Chuck Stinnett by Chuck Stinnett
October 15, 2024
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Walgreens said Monday it will close approximately 500 stores in the U.S. over the next year and a total of 1,200 over the next three years after reporting a $8.6 billion operating loss over the past year.

Parent company Walgreens Boots Alliance didn’t announce which stores it will close.

That would mean closing about 15% of its 8,500 stores across the country.

The company operates three locations in Henderson—a store at Second and Green streets that opened about 20 years ago and two former Rite-Aid stores that were among 1,900 that Walgreens purchased in 2018.

The three Henderson locations are in relatively close proximity. The store at Fifth and Green streets is just three blocks from the original Walgreens at Second and Green, while the location at Klutey Park Plaza and outer Second Street is one mile away.

Walgreens said it planned to “redeploy” many of the employees from closed stores to those that remain open.

The company on Monday said its U.S. pharmacy same-store sales were up 8.3% for the fourth quarter that ended Aug. 30 compared with the same period a year ago.

Nonetheless, it posted a $3 billion net loss for the quarter because of writedowns related to a Chinese pharmaceutical chain and a home health care provider. That compared with a $180 million loss in the same period last year.

The $8.6 billion net loss for the most recent fiscal year was up from a $3.1 billion net loss a year ago.

Walgreens said in June that it planned to close 300 stores. It said Monday that the 1,200 planned closures over the next three years will include those 300.

In June, Walgreens reported that about one in four of its stores was unprofitable, according to news reports.

Large pharmacy chains have been under intense financial pressure in recent years, with CVS closing several hundred stores and Rite-Aid having just emerged from a bankruptcy reorganization that began a year ago while also closing hundreds of stores.

News reports say that they have been facing headwinds ranging from reduced compensation from health insurance companies for filling prescriptions to competition from Walmart, Target, dollar stores and Amazon for the general merchandise they sell.

Tim Wentworth, the Walgreens CEO, has been quoted as saying the U.S. pharmacy industry is “largely overbuilt” after having opened so many locations over the past decade or two.

“This turnaround will take time, but we are confident it will yield significant financial and consumer benefits over the long term,” he said in a statement Monday.

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