Seeing a CVS on one corner and a Walgreens on the other is rather typical. More store closures are now anticipated for the two pharmacy competitors in 2025.
Walgreens Cites Profitability and High Theft as Reasons for Closures
The proposal to close 1,200 stores is a result of Walgreens’ recent financial difficulties, as roughly 25% of its locations are losing money. Tim Wentworth, the CEO of Walgreens, stated that the business wants to close stores that are either near another Walgreens shop or are having financial difficulties. The epidemic has also contributed to an increase in retail thievery, while Walgreens acknowledges that theft isn’t the only cause of their problems.
One Henderson Walgreens Location Set to Close Amid Nationwide Closures
Walgreens’ profitability has been damaged in recent years by competition from big-box retailers like Walmart and Costco as well as online retailers like Amazon, particularly in the selling of common household products. The decision to shrink was made because Walgreens and other similar medicine stores have finding it more difficult to sustain foot traffic as more customers buy products online. On December 15, 2024, the Walgreens located at 2015 Covert Avenue in Evansville formally closed. More cuts have been made over the bridge.
What Henderson Residents Need to Know About the Upcoming Closure
The Walgreens located at 402 2nd St., Henderson, KY 42420, will formally close on February 20, 2025, for Henderson residents. Prescriptions filled here can be transferred to the Walgreens located nearby at 517 N Green St., Henderson, KY 42420.
