Maps reveal where Walgreens and Rite Aid are closing stores nationwide
Major pharmacy chains are planning to shutter hundreds of stores in 2025, making access to medications more difficult.
Like many major retailers, America's largest pharmacy chainsâWalgreens, Rite Aid and CVSâare shutting down hundreds of stores nationwide as they navigate a storm of financial pressures, changing consumer behavior and intensified competition from e-commerce giants like Amazon.
Why It MattersThe closures highlight significant changes in the retail pharmacy landscape, with companies addressing falling reimbursement rates for prescription drugs, shifting consumer habits and the growing influence of online retailers.
While the financial struggles have led to restructuring, they are also raising concerns about access to essential health care services in underserved communities.
Where Is Walgreens Closing Stores in 2025?Walgreens announced it will close 1,200 stores over the next three years, with 500 closures set for fiscal year 2025, set to end in August. CEO Tim Wentworth emphasized the need to address underperforming locations, as about 25 percent of Walgreens stores are unprofitable. The company reported a net loss of $3 billion in the final quarter of 2024, citing weakened pharmacy and retail performance, opioid litigation settlements and costs associated with an equity investment in Chinaâ.
Walgreens' attempts to pivot toward health care services have faced challenges. Its $5.2 billion investment in VillageMD, a primary care network, has yet to deliver expected profits. As a result, the company has begun divesting from VillageMD locations to cut costsâ.
Analysts have pointed to broader industry struggles, including falling prescription reimbursement rates and increased competition from big-box retailers and online giants like Amazon.
The majority of Walgreens store closures in 2025 will occur in states with dense urban populations and significant market competition, including California and Illinois. San Francisco will see the highest number of closures, with 12 stores set to shut down, followed by cities like Chicago and Oaklandââ.
CVS is undergoing a strategic transformation that includes the closure of 900 stores as part of a three-year plan announced in 2021. In 2024, the chain closed about 300 stores, maintaining its annual target. However, CVS has not released a comprehensive list of the affected locations, leaving many communities uncertain about which stores might be impactedâ.
The closures in 2025 will target locations with overlapping footprints or low foot traffic as CVS shifts focus to its expanding health care services.
The closures are part of a broader strategy to focus on health care services, such as MinuteClinics and the integration of Aetna, its insurance subsidiary. Despite these efforts, CVS has faced challenges balancing its retail and health care operations. In addition to store closures, CVS laid off 2,900 corporate employees in 2024 to streamline its operationsâ.
A CVS news release explained that the decision to close specific stores is driven by "changes in population, consumer buying patterns, and future health needs," as well as "local market dynamics, population shifts, and store density."
But Neil Saunders, a retail analyst from firm GlobalData, told NPR that CVS and Walgreens "probably do have too many stores because they overexpanded, but the bigger problem is that the stores that they have are not very good."
Where Has Rite Aid Closed Stores?Rite Aid's struggles culminated in its October 2023 bankruptcy filing, which led to the closure of more than 800 stores across the U.S. The company's financial troubles stemmed from $3.3 billion in long-term debt, which exceeded its total assets by nearly $1 billion. By early 2024, Rite Aid had reduced its store count to about 1,300 locations as part of its efforts to restructure and remain viableâ.
Court filings and company reports highlight that the sale and closure of stores have been a critical element of Rite Aid's strategy to manage its debt load and streamline operationsâ.
CVS Plans For More Store Closures In 2025CVS is undergoing a strategic transformation that includes the closure of 900 stores as part of a three-year plan announced in 2021. In 2024, the chain closed about 300 stores, maintaining its annual target. However, CVS has not released a comprehensive list of the affected locations, leaving many communities uncertain about which stores might be impactedâ.
The closures in 2025 will target locations with overlapping footprints or low foot traffic as CVS shifts focus to its expanding health care services.
The closures are part of a broader strategy to focus on health care services, such as MinuteClinics and the integration of Aetna, its insurance subsidiary. Despite these efforts, CVS has faced challenges balancing its retail and health care operations. In addition to store closures, CVS laid off 2,900 corporate employees in 2024 to streamline its operationsâ.
A CVS news release explained that the decision to close specific stores is driven by "changes in population, consumer buying patterns, and future health needs," as well as "local market dynamics, population shifts, and store density."
But Neil Saunders, a retail analyst from firm GlobalData, told NPR that CVS and Walgreens "probably do have too many stores because they overexpanded, but the bigger problem is that the stores that they have are not very good."
What People Are SayingWalgreens CEO Tim Wentworth: "We are at a point where the current pharmacy model is not sustainable," as the company undertakes a plan to shutter 1,200 stores in the coming yearsâ....We cried too much over the business impact of shoplifting."
Research published in The Journal of the American Medical Association: "pharmacies at greatest risk for closures are those with a large customer base on public insurance," making access to medication more difficult for low-income neighborhoodsâ.
What Happens NextAs Walgreens, Rite Aid and CVS implement their closure plans, the retail pharmacy landscape is set to shift dramatically. While the companies aim to streamline operations and refocus on health care innovations, the broader industry faces ongoing challenges from e-commerce competition and declining reimbursement rates.
Walgreens CEO Tim Wentworth indicated that the company's turnaround efforts will "take time but are expected to yield long-term benefits." However, analysts predict continued store closures and restructuring efforts across the sector through 2025 and beyondâ.
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The NewJeans members have further spoken out against ADOR and HYBE and have appointed a legal representative.
On January 23, the members released the following statement:
Hello, this is Minji, Hanni, Danielle, Haerin, and Hyein.
Through the media, we confirmed that ADOR has not only filed a lawsuit against us to âconfirm the validity of our exclusive contractsâ but has also applied for an injunction to preserve the agency's status and prohibit the signing of advertising contracts. We received the lawsuit and application documents a few days ago, and we have appointed Shin & Kim LLC as our legal representative.
Since ADOR and HYBE have appointed Kim & Chang as their legal representative, we believed it was necessary to have a law firm capable of responding to them. To address the rapidly progressing injunction, we felt that Shin & Kim, which is already familiar with the issues and wrongdoings of HYBE and ADOR, is the most suitable choice.
HYBE and ADOR have failed to fulfill their responsibilities as an agency to protect their artists and support their growth. Throughout our activities, we faced numerous obstacles, both big and small. They even disguised their intent to suspend our entertainment careers indefinitely as a long-term break, essentially abandoning and replacing us. Even after the lawful termination of our exclusive contracts, baseless criticism against us has been spread through the media and âcyber wreckerâ (Korean slang term referring to those who maliciously spread false rumors online) YouTube channels, much of which could only have been provided by ADOR and HYBE.
It is difficult not to conclude that ADOR and HYBE are at the center of all these issues.
While ADOR and HYBE publicly claim they want us to return, behind the scenes, they have continued to harass and attack us relentlessly, just as they did before. Recently, they even secretly met with some of our parents in an attempt to persuade or sow discord among us. Instead of resorting to underhanded tactics to defame, divide, and manipulate through false information and media play, we hope they will address the matter truthfully and fairly.
We will state this firmly. The five of us have no intention of ever returning to HYBE or ADOR, where even the minimum level of trust cannot be expected.
After the termination of our exclusive contracts, we wanted to conclude our remaining scheduled activities and agreements amicably and without conflict, and we hoped to avoid causing harm to the involved representatives. However, seeing ADOR and HYBE disregard such intentions and efforts and cause harm to us and others through improper means, we have decided to no longer remain silent.
Through legal procedures, we will clearly reveal the wrongdoings of ADOR and HYBE and fight confidently in court to bring the truth to light.
We feel apologetic for causing concern to our fans who cherish and love us. However, we will fight until the end through legitimate means so that we can share our music with you freely again as soon as possible. Please show lots of support. Thank you.
Following the statement, the members also took to their Instagram account to announce that they are taking suggestions for a new group name to use temporarily:
https://www.instagram.com/p/DFJgeqBS_hk/
Source (1)
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 YouTube channels, much of which could only have been provided by ADOR and HYBE.
It is difficult not to conclude that ADOR and HYBE are at the center of all these issues.
While ADOR and HYBE publicly claim they want us to return, behind the scenes, they have continued to harass and attack us relentlessly, just as they did before. Recently, they even secretly met with some of our parents in an attempt to persuade or sow discord among us. Instead of resorting to underhanded tactics to defame, divide, and manipulate through false information and media play, we hope they will address the matter truthfully and fairly.
We will state this firmly. The five of us have no intention of ever returning to HYBE or ADOR, where even the minimum level of trust cannot be expected.
After the termination of our exclusive contracts, we wanted to conclude our remaining scheduled activities and agreements amicably and without conflict, and we hoped to avoid causing harm to the involved representatives. However, seeing ADOR and HYBE disregard such intentions and efforts and cause harm to us and others through improper means, we have decided to no longer remain silent.
Through legal procedures, we will clearly reveal the wrongdoings of ADOR and HYBE and fight confidently in court to bring the truth to light.
We feel apologetic for causing concern to our fans who cherish and love us. However, we will fight until the end through legitimate means so that we can share our music with you freely again as soon as possible. Please show lots of support. Thank you.
Following the statement, the members also took to their Instagram account to announce that they are taking suggestions for a new group name to use temporarily:
https://www.instagram.com/p/DFJgeqBS_hk/
Source (1)
%23reveal) |
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