Business & Tech
Walgreens Closing 1,200 Stores: How Will MI Locations Be Affected?
Walgreens is closing about one in every seven stores in the U.S. Get the details here.
MICHIGAN — 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 about 119 in Michigan.
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 Michiganfor 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 Michiganfor free with the latest updates from Patch.
According to the Walgreens website, the chain's Michigan locations are in:
- Alpena
- Ann Arbor
- Bad Axe
- Battle Creek
- Bay City
- Benton Harbor
- Big Rapids
- Birmingham
- Brighton
- Byron Center
- Cadillac
- Canton
- Charlevoix
- Canton
- Cheboygan
- Chesterfield
- Clare
- Clarkston
- Clinton Township
- Coldwater
- Commerce Township
- Davison
- Dearborn
- Dearborn Heights
- Detroit
- Dewitt
- Dundee
- East Lansing
- Eastpointe
- Escanaba
- Essexville
- Farmington Hills
- Fenton
- Flat Rock
- Flint
- Flushing
- Fraser
- Fremont
- Garden City
- Gaylord
- Grand Blanc
- Grand Haven
- Grand Ledge
- Grand Rapids
- Grandville
- Grayling
- Greenville
- Hastings
- Highland
- Hillsdale
- Holland
- Houghton
- Howell
- Ionia
- Iron Mountain
- Ironwood
- Jackson
- Jenison
- Kalamazoo
- Kentwood
- Lake Orion
- Lambertville
- Lansing
- Lapeer
- Lincoln Park
- Livonia
- Lowell
- Ludington
- Macomb
- Madison Heights
- Manistee
- Marqutte
- Midland
- Monroe
- Mount Pleasant
- Muskegon
- New Baltimore
- Niles
- North Muskegon
- Norton Shores
- Novi
- Okemos
- Owosso
- Paw Paw
- Petoskey
- Plainwell
- Port Huron
- Portage
- Prudenville
- Redford
- Riverview
- Rochester
- Rochester Hills
- Royal Oak
- Saginaw
- St. Clair Shores
- St. John's
- Saint Joseph
- Sault S. Marie
- Shelby Township
- South Haven
- South Lyon
- Southfield
- Sterling Heights
- Stevensville
- Sturgis
- Taylor
- Tecumseh
- Three Rivers
- Traverse City
- Trenton
- Troy
- Van Buren Township
- Vassar
- Walker
- Waterford
- Wayne
- West Bloomfield
- West Branch
- Westland
- Whitehall
- Wyandotte
- Wyoming
- Ypsilanti
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