Year Established: 1901
Store Closures: 200 Branches*
Walgreens may be a surprising name to see on the list, as they seem to be everywhere in some cities in America. Nevertheless, they certainly have their competition cut out for them, with CVS and other big names dominating the drugstore industry.
Now, the pharmacy stores are closing off an even 200 stores, hoping to continue turning a profit in their other locations. Walgreens has continued to lose money, and Fox Business pointed out some shocking specs on the company’s failure. The company, owned by Walgreens Boots Alliance, lost $1.7 billion during three months in 2020. In 2021, the chain closed a further 17 locations in the San Francisco area, citing shoplifting.