Following a $3 billion loss last year, Walgreens announced plans to close 1,200 stores nationwide, including 500 this year.
Now we know when and where some of the stores will close. Which stores in Ohio are slated to close? Here’s what to know.
Two Walgreens in Ohio are slated to close. Here’s where.
The Hill reports that 54 stores across 17 states are slated to close in the coming weeks as part of Walgreens’ turnaround plan, and some of those are in Ohio.
An analysis by Nexstar, as reported by The Hill, found two Walgreens in Ohio are among the 54 slated to close in June. They are:
Which states are losing Walgreens pharmacies? See the full list
The Nexstar analysis found that Walgreens stores will close in 17 states, including:
For a complete list of stores to close, see The Hill’s coverage.
Sycamore Partners takes Walgreens private in $10 billion deal
In addition, Walgreens Boots Alliance, Walgreens’ parent company, went private in March 2025 in a $10 billion deal with Sycamore Partners, Reuters reported (via USA TODAY).
Walgreens’ market value had shrunk to just over $9 billion from almost $100 billion a decade ago as margins on drug prices fell and consumers shifted to cheaper rivals.
Sycamore Partners is a private equity firm that specializes in retail and consumer investments. The company has a track record of acquiring distressed retailers for profit, including Staples, Talbots and Nine West. Sycamore typically sells a brand’s most valuable assets and reducing costs and reduces costs by closing stores, among other measures. However, savings are often used for investor dividends and not necessarily aimed at growth.
Walgreens posts $3 billion loss
In its earnings report for Fiscal Year 2024, which ended Aug. 31, Walgreens reported a $3 billion loss in the fourth quarter.
Tim Wentworth, CEO of Walgreens’ parent company, Walgreens Boots Alliance, described the company as battling a “difficult operating environment,” The Columbus Dispatch reported in June 2024.
How many Walgreens does Ohio have?
Of the roughly 8,600 locations in the United States, the pharmaceutical chain manages about 130 Walgreens stores in Ohio.
Walgreens joins Rite Aid, CVS in closing stores
The drugstore chain joins stores like Rite-Aid, which filed for bankruptcy in 2023 and closed stores across Ohio.
Other competitors, like CVS, have also felt the pinch of declining profits, and even with nearly 400 CVS locations across Ohio, the retailer has closed at least 900 stores over the past few years, according to CNN.
This article originally appeared on The Columbus Dispatch: Walgreens stores in Ohio, 16 other states to close amid $3 billion loss. Here’s where, when
Reporting by Chad Murphy, Columbus Dispatch / The Columbus Dispatch
USA TODAY Network via Reuters Connect
