Dozens of Walgreens stores are closing in San Francisco

Walgreens will permanently close the doors of 12 of them San Francisco Locations.

Golden City residents will see the 12 stores Walgreens has chosen to close stop serving consumers in late February, the drugstore chain confirmed Monday.

Addresses of the affected San Francisco stores include 1201 Taraval Street, 3201 Divisadero Street, 1363 Divisadero Street, 825 Market Street, 1750 Noriega Street, 5280 Geary Boulevard, 1524 Polk Street, 1301 Franklin Street, 1189 Potrero Street, 135 Powell Street, 1630 Ocean Avenue. And 5300 street Third, according to Walgreens.

The upcoming closures were previously reported by CBS News Bay Area And other local media.

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“It is never easy to make the decision to close shop.” Walgreens FOX Business said in a statement. “We know that our stores are important to the communities we serve, and therefore we do everything we can to improve store performance. When closures are necessary, such as those here in San Francisco, we will work in partnership with community stakeholders to minimize customer disruptions.”

The move to close the 12 locations was linked to “increased regulatory and reimbursement pressures” that the pharmacy chain said were “impacting our ability to cover costs associated with rent, staffing and supply needs.”

It also said its retail pharmacy business “is central to our future business strategy”.

Walgreens CEO Tim Wentworth said in October that the company “will focus on stabilizing retail pharmacy by improving our footprint, controlling operating costs, improving cash flow, and continuing to address reimbursement models to support distribution margins and maintain patient access for the future.” In fiscal year 2025.

The drugstore chain said at the time that efforts to improve its footprint would include about 1,200 stores facing closure over three years.

Walgreens plans to close 1,200 stores as part of turnaround efforts

Walgreens told FOX Business on Monday that the closure 12 san francisco store He was part of that initiative.

While discussing the company’s first-quarter earnings late last week, Wentworth told analysts and investors that Walgreens “has begun a corporate footprint optimization program and we are pleased with the early results.”

He also said: “We are currently exceeding our historical retention rates and have retained the majority of our store and pharmacy team members.” “We expect the pace of our store closures to increase significantly from the first quarter level.”

The company said its store closure goal for fiscal 2025 is 500 locations.

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Walgreens “expects our future footprint to support stronger performance,” Wentworth said.

Walgreens reported operating About 8,500 retail pharmacy locations In the United States at the end of November.