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Walgreens to close approximately 1,200 stores over three years (Video)

Pharmacy giant Walgreens announced its plan to close around 1,200 stores over the next three years as retail sales decline. Walgreens has also been dealing with other challenges, including rising operating costs and low reimbursement rates for pharmacy care.

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Walgreens to close approximately 1,200 stores over three years (Video)

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Walgreens to close approximately 1,200 stores over three years (Video)

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Walgreens to close approximately 1,200 stores over three years (Video)
Title
Walgreens to close approximately 1,200 stores over three years (Video)
Description

Pharmacy giant Walgreens announced its plan to close around 1,200 stores over the next three years as retail sales decline. Walgreens has also been dealing with other challenges, including rising operating costs and low reimbursement rates for pharmacy care. Each weekday morning, "CBS Mornings" co-hosts Gayle King, Tony Dokoupil and Nate Burleson bring you the latest breaking news, smart conversation and in-depth feature reporting. "CBS Mornings" airs weekdays at 7 a.m. on CBS and stream it at 8 a.m. ET on the CBS News app. Subscribe to "CBS Mornings" on YouTube: https://youtube.com/CBSMornings Watch CBS News 24/7: https://cbsnews.com/live/ Download the CBS News app: https://cbsnews.com/mobile/ Follow "CBS Mornings" on Instagram: https://instagram.com/cbsmornings/ Like "CBS Mornings" on Facebook: https://facebook.com/CBSMornings Follow "CBS Mornings" on X: https://twitter.com/CBSMornings Subscribe to our newsletter: https://cbsnews.com/newsletters/ Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h For video licensing inquiries, contact: licensing@veritone.com