Business & Tech
Walgreens Closing 'Significant Number' Of Stores: See PA Impacts
The pharmacy chain's CEO said it will close underperforming stores after reporting its third-quarter finances.

PENNSYLVANIA —Walgreens has announced it will close a "significant number" of underperforming stores, following Rite Aid and others as pharmacy chains across the country continue to shrink.
The company operates 100 stores in Pennsylvania.
Illinois-based Walgreens Boots Alliance announced Wednesday it is finalizing a "significant multiyear footprint optimization program" to close underperforming stores.
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"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," said Tim Wentworth, CEO of WBA, in the company's third quarter results report. "Our results and outlook reflect these headwinds, despite solid performance in both our International and U.S. Healthcare segments."
As of the announcement, Walgreens has not listed what stores will close in what states.
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Its Pennsylvania locations are in: Allentown, Altoona, Aston, Avondale, Beaver Falls, Bensalem, Bethlehem, Brookhaven, Camp Hill, Canonsburg, Carnegie, Chadds Ford, Crafton, Cranberry Township, Dover, Easton, Elkins Park, Erie, Feasterville-Trevose, Flourtown, Glen Mills, Glenolden, Glenshaw, Greensberg, Hawley, Hermitage, Jamison, Kennet Square, King of Prussia, Kingston, Lancaster, Latrobe, Levittown, Lansdale, McMurray, Meadville, Milford, Moon Township, New Castle, New Kensington, Norristown, North Huntingdon, Oakmont, Oxford, Palmer Township, Paoli, Philadelphia, Phoenixville, Pittsburgh, Pittston, Reading, Richboro, Rochester, Scranton, Sharon, Southampton, Springfield, Stroudsburg, Uniontown, Warminster, Warrington, Washington, West Chester, Wexford, Wyncote, Wynnewood, York, and Zelienople.
According to the third quarter report, WBA sales increased 2.6 percent from the year-ago quarter to $36.4 billion, an increase of 2.5 percent on a constant currency basis, "reflecting sales growth across all segments."
The company announced last October it would be implementing cost-cutting measures to the tune of at least $1 billion. In the last year, WBA has had several rounds of corporate layoffs.
Patch Staff Writer Eric DeGrechie contributed to this story
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