Published On: October 16th, 2024Categories: Alaska News

CVS and Walgreens are ailing. Here’s why.

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Walgreens said Tuesday it would close 1,200 stores. Rival drugstore chain CVS recently laid off thousands of employees to cut costs. (Scott Olson/Getty Images)

Not too long after Tim Wentworth became CEO of Walgreens, he revealed a stunning figure: Roughly a quarter of the pharmacy chain’s stores do not make money.

On Tuesday, he said 1,200 of those stores…

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Continue reading this article at;

https://alaskapublic.org/2024/10/16/cvs-and-walgreens-are-ailing-heres-why/

CVS and Walgreens are ailing. Here’s why.

alaskapublic.org

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