Business & Tech
Walgreens Closing 1,200 Stores, Potentially Impacting MA Locations
Walgreens is closing about one in every seven stores in the U.S. Get the details here.
MASSACHUSETTS — More than 1,200 Walgreens stores will close over the next three years as the struggling drug store chain attempts to complete a successful financial turnaround. The company announced Tuesday that about 500 of the closures will occur in the current fiscal year, which began in September.
Walgreens did not reveal which locations will be shuttered. The chain has about 8,500 stores in the United States and over 140 in Massachusetts.
The closures were announced as the Deerfield, Illinois-based company reported a fourth-quarter loss of $3 billion. Still, Walgreens officials remained optimistic about the chain's long-term survival prospects.
Find out what's happening in Across Massachusettsfor free with the latest updates from Patch.
"This turnaround will take time, but we are confident it will yield significant financial and consumer benefits over the long term," Walgreens CEO Tim Wentworth said in a statement.
Walgreens announced in June that a significant number of stores would be closing. At the time, Wentworth said, "We continue to face a difficult operating environment, including persistent pressures on the U.S. consumer and the impact of recent marketplace dynamics, which have eroded pharmacy margins."
Find out what's happening in Across Massachusettsfor free with the latest updates from Patch.
Massachusetts has seen a few Walgreens locations close recently, including a controversial closing in Boston's Roxbury neighborhood, which left locals feeling hung out to dry.
Read more:
- "We Think It's Insensitive": Residents Outraged As Walgreens Closes Pharmacy In Boston's Roxbury Neighborhood
- Big Lots Closing 2 More MA Stores Amid Bankruptcy: Reports
In fact, The Bay State Banner reported in February that the company has shuttered four pharmacies in Boston since 2022, all located in predominantly Black and Brown neighborhoods.
The four stores were in Mattapan, Hype Park, and two in Roxbury.
Walgreens also closed North Adams and Westfield locations in February.
According to the Walgreens website, the following Massachusetts towns have at least one location:
- Acton
- Adams
- Agawam
- Allston
- Amesbury
- Arlington
- Ashland
- Athol
- Attleboro
- Bellingham
- Beverly
- Billerica
- Boston
- Braintree
- Bridgewater
- Brockton
- Brookline
- Cambridge
- Canton
- Chelmsford
- Chelsea
- Chicopee
- Clinton
- Cohasset
- Concord
- Danvers
- Dennisport
- Dorchester
- Dorchester Center
- Dudley
- Duxbury
- East Boston
- East Longmeadow
- Easthampton
- Everett
- Fairhaven
- Fall River
- Falmouth
- Fitchburg
- Florence
- Foxborough
- Framingham
- Franklin
- Gardner
- Gloucester
- Greenfield
- Haverhill
- Hingham
- Holbrook
- Holden
- Holyoke
- Hudson
- Hyannis
- Lakeville
- Lawrence
- Lee
- Leominster
- Lexington
- Lowell
- Ludlow
- Lynn
- Malden
- Mansfield
- Marlborough
- Marshfield
- Marstons Mills
- Mashpee
- Medford
- Medway
- Methuen
- Middleboro
- Middleton
- Milford
- Millbury
- Monson
- Natick
- Needham
- New Bedford
- Newburyport
- Newton
- Norfolk
- North Andover
- North Dartmouth
- North Reading
- Northampton
- Norton
- Norwell
- Norwood
- Orleans
- Palmer
- Peabody
- Pepperell
- Pittsfield
- Plainville
- Plymouth
- Quincy
- Randolph
- Reading
- Revere
- Rockland
- Rockport
- Roslindale
- Roxbury
- Roxbury Crossing
- Salem
- Saugus
- Shrewsbury
- Somerset
- Somerville
- South Boston
- South Dartmouth
- South Yarmouth
- Southampton
- Southborough
- Southbridge
- Southwick
- Springfield
- Stoneham
- Stoughton
- Swampscott
- Swansea
- Taunton
- Tewksbury
- Townsend
- Turners Falls
- Wakefield
- Waltham
- Ware
- Wareham
- Wayland
- Webster
- West Roxbury
- West Springfield
- Westfield
- Westford
- Weston
- Westwood
- Weymouth
- Whitman
- Williamstown
- Winchendon
- Woburn
- Worcester
- Yarmouth
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