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Is Walgreens closing in Tennessee? Here's what you should know

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Is Walgreens closing in Tennessee? Here's what you should know

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Walgreens will close about 1,200 stores in the United States over the next three years, the pharmacy giant announced Tuesday. The closures come after an improved, albeit challenging, fiscal year, the company reported.

A recent earnings report found that while the chain was able to grow sales – retail pharmacy sector sales reached $29.5 billion in the fourth quarter, up 6.5% from the fourth quarter in 2023 – and its goal, In terms of costs, the company posted a loss of $3 billion in the last quarter.

In a statement, Chief Executive Officer Tim Wentworth said the chain will focus on “stabilizing” the retail pharmacy in 2025 by optimizing its footprint, controlling operating costs, improving cash flow and continuing to address reimbursement models to “the “To support and maintain spending margins.” Patient access for the future.”

“Fiscal 2025 will be an important realignment year as we advance our strategy to drive value creation,” he added. “This turnaround will take time, but we are confident it will deliver significant financial and consumer benefits over the long term.”

Why are Walgreens stores closing?

Walgreens and other drugstore chains struggled to keep up with the competition. As USA TODAY reports, the chains are struggling with big-name competitors like Amazon and also struggling with declining drug reimbursement rates from prescription-filling middlemen.

CVS has laid off thousands of corporate and other employees since 2023 while grappling with “ongoing disruptions, regulatory pressures and evolving customer needs,” a spokesperson previously told USA TODAY. Since filing for bankruptcy about a year ago, Rite Aid has closed hundreds of stores across the U.S. after years of struggling to keep up with its larger rivals.

Will Walgreens close any stores in Tennessee?

Walgreens said it will close 500 stores in 2025, but exact locations have yet to be announced.

How many Walgreens stores are there in Tennessee?

There are over 200 Walgreens stores in Tennessee, including nearly 100 in Nashville and the Middle Tennessee region alone.

There are dozens of Walgreens stores in Middle Tennessee. Locations can be found in:

  • Antioch
  • Bellevue
  • Brentwood
  • Clarksville
  • Columbia
  • Franklin
  • Gallatin
  • Goodlettsville
  • Hendersonville
  • Hartsville
  • Lafayette
  • Lebanon
  • Madison
  • Mount Julia
  • Murfreesboro
  • Nashville
  • Portland
  • Smyrna
  • Springfield
  • Spring Hill
  • White House

For the location of other Tennessee stores, visit walgreens.com/storelocator/.

Contributor: USA TODAY

Diana Leyva covers breaking news and service journalism for The Tennessean. Contact her at [email protected] or follow her on X, the platform formerly known as Twitter, at @_leyvadiana

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