Walgreens To Close 600 Locations Due To Megadeal With Rite Aid
It's said that the "big get bigger" in business. That adage is usually followed by "...and then they consolidate/merge/close stores". It appears that this is the case with Walgreens - as they complete a mega deal with Rite Aid to improve their bottom line. When the ink is dry, Walgreens will have bought 1,932 Rite Aid locations; at the same time, company spokesmen have announced that the parent company will close 600 locations nationwide - some from both brands.
At this time, it's not being disclosed which locations will be up for closure. No word has been received about the locations in Superior and Duluth. Some officials have suggested though that the majority of the closures will be in markets with overlap. At the present time, Walgreens operates more than 13,000 drugs stores across the country.