Walgreens is closing nine stores in Massachusetts, including a location in Dorchester, as part of its business strategy to cut costs and address financial struggles. The closures result from increased regulatory and reimbursement pressures affecting their operational costs. In a recent earnings call, Walgreens Boots Alliance anticipated closing 1,200 locations over three years to focus on underperforming stores. Patients will receive notification about prescription transfers, and free delivery will be offered for 90 days at affected locations. CEO Tim Wentworth assured that staff from closed stores would be redeployed.
It is never an easy decision to close a store, and we know how important they are to the communities we serve, and therefore do everything possible to improve their performance.
The closures are part of the company's business strategy. In its fourth-quarter earnings call in October, Walgreens Boots Alliance announced that it expected to close 1,200 locations over the next three years.
While the decision to close the store is never an easy one, we feel confident in our ability to continue to serve our customers.
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