UPDATED AS WE KNOW MORE. WALGREENS PLANS TO CLOSE SEVERAL STORES IN MAINE. ACCORDING TO A REPORT FROM CNN AND THE ASSOCIATED PRESS, WALGREENS’ CEO SAYS THE CLOSINGS WILL FOCUS ON LOCATIONS THAT ARE NO LONGER PROFITABLE, ADDING THAT
Walgreens closes five stores in Maine
The company is cutting thousands of underperforming stores
Updated: 19:27 EDT Jul 7, 2024
Walgreens is preparing to close up to 25% of its 8,600 U.S. stores by 2027, and at least five of them are in Maine. Walgreens stores closing in 2024:123 Main St, Fairfield, ME 0493735 Park St, Milo, ME 04463713 Congress St, Portland, ME 04102461 Main St, Saco, ME 04072233 US-1, Scarborough, ME 04074According to recent reporting by CNN and The Associated Press, Walgreens CEO Tim Wentworth said he is closing stores that aren’t profitable, adding that more consumers are going online to fill prescriptions and buy pharmacy staples like greeting cards and candy. As Wentworth continues to evaluate the company’s performance, more closures could be announced in the coming years.
Walgreens is preparing to close 25% of its 8,600 U.S. stores by 2027, including at least five in Maine.
Walgreens stores closing in 2024:
- 123 Main Street, Fairfield, ME 04937
- 35 Park Street, Milo, ME 04463
- 713 Congress Street, Portland, ME 04102
- 461 Main Street, Saco, ME 04072
- 233 VS-1, Scarborough, ME 04074
According to recent reporting by CNN and The Associated Press, Walgreens CEO Tim Wentworth said he will close stores that are not profitable. He added that consumers are increasingly ordering prescriptions online and buying pharmacy-standard medications, such as greeting cards and candy.
As Wentworth continues to evaluate the company’s performance, more closures may be announced in the coming years.