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Store closures have certainly decreased since the height of the cocovated pandemic, but the retail apocalypse is far from over. Large companies like Sears are on the precipice, firmly their latest stores In several states, while the big names as Bed bathtub and beyond go bankrupt. But even if they do not stop entirely, many retailers always write their physical presence considerably. Now Walgreens has announced its intention to close 450 locations, despite an increase in sales. Read the rest to find out more about the new plans of the pharmacy chain.

Read this then: PNC Bank Farm 30 additional branches in 7 states in July .

On June 27, Walgreens Boots Alliance reported his Third trimester For exercise 2023 - and at first glance, things seem rather good.

According to the report, sales in the third quarter of the retailer reached $ 35.4 billion this year, which represents an increase of 8.6% compared to the previous year. Looking at the whole exercise, Walgreens sales in the first nine months increased by 3.4% compared to the same period during the last financial year, reaching $ 103.7 billion in total.

The retail and American pharmacy sectors of the company have particularly behaved well. Nationally, sales of comparable pharmacies increased by 9.8% compared to the third quarter of the 2022 fiscal year, and comparable retail sales increased by 0.2% ", led by solid results in The categories of grocery and households and beauty, "said Walgreens Boots Alliance in his report in his report.

But this is not all good news for Walgreens.

Despite the increase in sales, Walgreens failed its estimates for the third quarter of the 2023 fiscal year. The company has also reduced its prospects for full year, "reflecting difficult consumption and macroeconomics conditions, and a decrease COVID-19 vaccine and test volumes. " AE0FCC31AE342FD3A1346EBB1F342FCB

Consequently, Walgreens' actions fell 9% to $ 28.64, which is the lowest in which they were Over 11 years old , Reported Reuters.

“Consumers continue to appreciate the value, convenience and range of services provided by Walgreens and Boots. However, a significantly lower demand for cocovies, a more prudent consumer and more focused on the value, and a recently lower respiratory season have created pressures on margins in margin pressures in the margin in the neighborhood, "CEO of Walgreens Rosalind Brewer said in a press release accompanying the company's press release of the company. "Our revised guidelines adopt a prudent vision in light of the uncertainty of consumption expenditure, while demonstrating clear engines of a return to operational growth next exercise."

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With the uncertainty brewing and a less pink financial perspective, Walgreens decided to make serious cuts. The retailer has already been busy closing locations in the past year, but on a June 27 With investors, CFO James Kehoe revealed that Walgreens planned to close 450 other stores.

"We will continue to optimize our locations and our opening hours, and we are waiting to close 300 additional locations in the United Kingdom and 150 locations in the United States," Kehoe said during the call.

Better life contacted Walgreens about future closures, and we will update this story with their answer.

Walgreens did not share much more information on these closures, as exactly which stores will be assigned or at the start of the closures.

But a company spokesperson told CNN that the retailer planned to close the 150 American locations At the end of his next exercise, which fell on August 31, 2024. There are currently about 9,000 Walgreens stores in the United States, by CNN.

"As you have seen, we accelerate our portfolio optimization to simplify the business further," said Kehoe.