Walgreens to close 1,200 stores nationwide, says 1 in 4 locations are unprofitable

Walgreens announced that it will shutter 1,200 stores over the next three years — and 500 locations in 2025 alone — as the drugstore giant seeks to slash $1 billion in costs.The Chicago-based pharmacy chain, which has around 8,700 locations nationwide, told analysts on Tuesday that one in four of its stores are unprofitable.The closures were announced in June but the company had not disclosed the number of affected stores at that time. Walgreens announced that it will shutter 1,200 stores over the next thre ...