Walgreens compelled to shut down 150 stores by summer 2024 amid the “Retail apocalypse”
Walgreens, the pharmaceutical chain, is facing the need to close 150 stores due to a decrease in demand for Covid-19 tests and vaccines. The company’s shares hit their lowest level in over a decade, prompting executives to implement cost-cutting measures. The closures are expected to be completed by August 2024. Walgreens attributed the decline in …