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    Deaconess Henderson Hospital Advisory Board gives $70,000 to local nonprofits

    Chill out at the Friends of the Library membership meeting July 12

    Two new honorees added to Juneteenth’s impact sign display

    Two new honorees added to Juneteenth’s impact sign display

    Wind turbine ordinance, which would be the first in Kentucky, is key to what ultimately occurs in Cordelio project

    Wind turbine ordinance, which would be the first in Kentucky, is key to what ultimately occurs in Cordelio project

    Macy talks socks,1978 UK champs and more during author visit to promote his book

    Macy talks socks,1978 UK champs and more during author visit to promote his book

    Alliance dedicates new Henderson County Mine

    Alliance dedicates new Henderson County Mine

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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

    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

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    2025 Handy Fest photo gallery

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    Gritty Lady Cols advance to Final 4

    Summer blockbusters finally arrive in June

    Summer blockbusters finally arrive in June

    A former Japanese tennis star champions Henderson County athletes

    A former Japanese tennis star champions Henderson County athletes

    Stanley hopes his exhibition is a reminder ‘to be open to joyfulness…from whatever ridiculous source it may come’

    Stanley hopes his exhibition is a reminder ‘to be open to joyfulness…from whatever ridiculous source it may come’

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    Grants available from Deaconess Henderson Hospital Community Program Fund

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    Enjoy the fresh taste of summer

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    Regional collaborative assists those suffering from mental health challenges with online resources

    Plenty of baseball to watch without stepping into a big league stadium

    Plenty of baseball to watch without stepping into a big league stadium

    Matthew 25 cuts the ribbon on new mobile sexual health unit

    Matthew 25 cuts the ribbon on new mobile sexual health unit

    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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    Deaconess Henderson Hospital Advisory Board gives $70,000 to local nonprofits

    Chill out at the Friends of the Library membership meeting July 12

    Two new honorees added to Juneteenth’s impact sign display

    Two new honorees added to Juneteenth’s impact sign display

    Wind turbine ordinance, which would be the first in Kentucky, is key to what ultimately occurs in Cordelio project

    Wind turbine ordinance, which would be the first in Kentucky, is key to what ultimately occurs in Cordelio project

    Macy talks socks,1978 UK champs and more during author visit to promote his book

    Macy talks socks,1978 UK champs and more during author visit to promote his book

    Alliance dedicates new Henderson County Mine

    Alliance dedicates new Henderson County Mine

    Trending Tags

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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

    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

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    2025 Handy Fest photo gallery

    2025 Handy Fest photo gallery

    Gritty Lady Cols advance to Final 4

    Gritty Lady Cols advance to Final 4

    Summer blockbusters finally arrive in June

    Summer blockbusters finally arrive in June

    A former Japanese tennis star champions Henderson County athletes

    A former Japanese tennis star champions Henderson County athletes

    Stanley hopes his exhibition is a reminder ‘to be open to joyfulness…from whatever ridiculous source it may come’

    Stanley hopes his exhibition is a reminder ‘to be open to joyfulness…from whatever ridiculous source it may come’

    Henderson joins West Kentucky Film Commission with hopes of luring movie makers here

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    Grants available from Deaconess Henderson Hospital Community Program Fund

    Hospital CAO: Deaconess Henderson will not close

    Enjoy the fresh taste of summer

    Enjoy the fresh taste of summer

    Regional collaborative assists those suffering from mental health challenges with online resources

    Regional collaborative assists those suffering from mental health challenges with online resources

    Plenty of baseball to watch without stepping into a big league stadium

    Plenty of baseball to watch without stepping into a big league stadium

    Matthew 25 cuts the ribbon on new mobile sexual health unit

    Matthew 25 cuts the ribbon on new mobile sexual health unit

    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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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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