In another business casualty from the Biden-Harris administration, Walgreens announced Tuesday that it would close roughly 1,200 locations over the next three years.
500 of the 8,500 Walgreens stores will close in the current fiscal year, the <a href="https://apnews.com/article/walgreens-closing-drugstores-fiscal-fourth-quarter-5df931861e1e4111eaa5ef2372ec173a" target="_blank" rel="noopener">Associated Press</a> reported, adding, “The company began the year by <a href="https://apnews.com/article/walgreens-drugstore-dividend-cut-2263d6ea2b8bf944e7bd5729d66fe458" target="_blank" rel="noopener" data-gtm-enhancement-style="LinkEnhancementA">cutting the dividend</a> it pays shareholders to raise cash. Six months later, it slashed its forecast for 2024.”
According to  Walgreens CEO Tim Wentworth, roughly 70% of the company’s stores are profitable. “This solid base supports our conviction in a retail pharmacy-led model that is relevant to our consumers, and we intend to invest in these stores over the next several years,” he said.
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Neil Saunders, managing director of consulting and data analysis firm GlobalData, argued that the profitable stores are not immune to financial concerns such as varying consumer behavior and buying patterns, arguing, “All these things have the potential to undercut store performance and Walgreens needs to ensure that this does not happen. If it doesn’t, the latest slate of store closures will not be the last and Walgreens will enter the dangerous spiral of being an ever-shrinking business.”
In June, Wentworth acknowledged the increase in theft from its stores, saying that Walgreens wanted cities to help by “investing in public safety so that our customers and employees feel safe.”
“The retail industry is going through a tough time as it copes with inflation-weary consumers and a rash of bankruptcies, prompting chains to announce the closures of almost 3,200 brick-and-mortar stores so far in 2024, according to a new analysis,” CBS News <a href="https://www.cbsnews.com/news/store-closures-surging-2024-family-dollar-rue21-cvs-rite-aid/" target="_blank" rel="noopener">reported</a> in May.
“Nearly 20,000 businesses have warned they&#8217;re at risk of closing if President Joe Biden is elected to a second term,” Newsweek<a href="https://www.newsweek.com/thousands-businesses-warn-theyre-risk-closing-1902087" target="_blank" rel="noopener"> stated</a> in mid-May. “In a new report from RedBalloon and PublicSquare, nearly half of the 80,000 small businesses surveyed said they ‘definitely’ or ‘probably’ will not survive another four years with Biden.”
“It&#8217;s been a difficult three years for America&#8217;s small businesses,” Michael Seifert, PublicSquare CEO, said. “While many inside the Beltway may feel like things are good, that isn&#8217;t translating to Main Street America—the frontlines of our small business economy.”
In March, Dollar Tree <a href="https://apnews.com/article/dollar-tree-discount-inflation-16f0d9b7e2d41d95ee6e6402d96169d0" target="_blank" rel="noopener">announced</a> it would close roughly 1,000 stores and 600 Family Dollar stores in the first half of 2024, and 370 Family Dollar and 30 Dollar Tree stores over the next few years.
In May 2023, Joshua Kobza, CEO of Restaurant Brands International Inc., which owns Burger King, <a href="https://www.restaurantdive.com/news/rbi-says-up-to-400-burger-kings-may-close-in-us-this-year/649146/" target="_blank" rel="noopener">said</a> 300 to 400 U.S. Burger Kings would be closed by the end of 2023.

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President Biden’s economy has now claimed another victim: Walgreens.
According to Walgreens Boots Alliance CEO Tim Wentworth, the chain, which is 123 years old, will shut down a significant number of its 8,600 stores across the nation. Wentworth told <a href="https://www.wsj.com/health/walgreens-plans-major-u-s-store-closures-0b04a96e?mod=hp_lead_pos4">The Wall Street Journal</a> that the company is examining roughly one-quarter of its stores and could close a “meaningful percent” of them.
“Retail pharmacy is central to our future and to our overall customer and patient experience. It enables many other things, but it has to change,” Wentworth stated.
Noting the increase in theft from its stores, Wentworth said Walgreens wants cities to help by “investing in public safety so that our customers and employees feel safe.”
“The retail industry is going through a tough time as it copes with inflation-weary consumers and a rash of bankruptcies, prompting chains to announce the closures of almost 3,200 brick-and-mortar stores so far in 2024, according to a new analysis,” CBS News <a href="https://www.cbsnews.com/news/store-closures-surging-2024-family-dollar-rue21-cvs-rite-aid/">reported</a> in May.
“Nearly 20,000 businesses have warned they&#8217;re at risk of closing if President Joe Biden is elected to a second term,” Newsweek<a href="https://www.newsweek.com/thousands-businesses-warn-theyre-risk-closing-1902087"> stated</a> in mid-May. “In a new report from RedBalloon and PublicSquare, nearly half of the 80,000 small businesses surveyed said they ‘definitely’ or ‘probably’ will not survive another four years with Biden.”
“It&#8217;s been a difficult three years for America&#8217;s small businesses,” Michael Seifert, PublicSquare CEO, said. “While many inside the Beltway may feel like things are good, that isn&#8217;t translating to Main Street America—the frontlines of our small business economy.”
In March, Dollar Tree <a href="https://apnews.com/article/dollar-tree-discount-inflation-16f0d9b7e2d41d95ee6e6402d96169d0">announced</a> it would close roughly 1,000 stores, 600 Family Dollar stores in the first half of 2024 and 370 Family Dollar and 30 Dollar Tree stores over the next few years.
In May 2023, Joshua Kobza, CEO of Restaurant Brands International Inc., which owns Burger King, <a href="https://www.restaurantdive.com/news/rbi-says-up-to-400-burger-kings-may-close-in-us-this-year/649146/">said</a> 300 to 400 U.S. Burger Kings would be closed by the end of 2023.

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Pro-life advocates slammed a decision on Friday from pharmacy giants Walgreens and CVS to begin selling abortion pills. 
Both retailers <a href="https://www.axios.com/2024/03/01/mifepristone-cvs-walgreens-abortion-pill">announced</a> that they would start selling mifepristone, the pill that is used in over half of all abortions, at certain locations. The announcement, which was applauded by the Biden administration, comes ahead of a Supreme Court hearing on whether the FDA improperly approved mifepristone and other restrictions on the pill. 
“As two of the world’s largest, most trusted ‘health’ brands, the decision by CVS and Walgreens to sell dangerous abortion drugs is shameful, and the harm to unborn babies and their mothers incalculable,” Susan B. Anthony Pro-Life America’s State Policy Director Katie Daniel said in a statement shared with The Daily Wire. “This reckless policy was made possible by the Biden administration, which is pushing to turn every pharmacy and post office in America into an abortion center for the sake of abortion industry greed.”
Walgreens spokesman Fraser Engerman <a href="https://www.nytimes.com/2024/03/01/health/abortion-pills-cvs-walgreens.html" target="_blank" rel="noopener">told</a> The New York Times that it would begin dispensing pills in New York, Pennsylvania, Massachusetts, California and Illinois to women with prescriptions. CVS is starting in Rhode Island and Massachusetts. 
Ingrid Skop, a board certified OB-GYN and vice president of the pro-life research group Charlotte Lozier Institute, said that pharmacists “should not be distributing these dangerous drugs.”
“By pushing these medically unsupervised abortions, the FDA and abortion advocates continue down the slippery slope of chipping away at medical standards for women seeking abortion,” she said. &#8220;This is not health care. This is an ideology that prioritizes destruction of unborn human life and does not care that the women injured by these abortions, whom I see in the ER on a regular basis, are collateral damage.&#8221;
The decision from Walgreens and CVS comes just weeks after several major scientific studies on the potential harm of abortion pills <a href="https://www.dailywire.com/news/completely-unjustified-medical-journal-retracts-major-studies-critical-of-abortion-pill-ahead-of-supreme-court-clash" target="_blank" rel="noopener">were retracted</a> by their publisher. The studies&#8217; authors, including Skop, said that the retractions were politically motivated attempts to discredit their research as the Supreme Court hears the mifepristone case. 
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President Joe Biden called the decision a “major milestone” in a statement praising the move. 
“With major retail pharmacy chains newly certified to dispense medication abortion, many women will soon have the option to pick up their prescription at a local, certified pharmacy — just as they would for any other medication. I encourage all pharmacies that want to pursue this option to seek certification,” he said. 
Medication abortion has increasingly become a more common form of abortion, especially in states that have sought to ban abortion. Activist networks have been shipping foreign-made abortion drugs in red states to bypass state laws protecting the unborn.

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&#8220;Squad&#8221; member Rep. Ayanna Pressley (D-MA) <a href="https://www.dailymail.co.uk/news/article-13034023/ayanna-pressley-says-walgreens-racist-store-closures-high-crime-areas.html" target="_blank" rel="noopener">accused</a> Walgreens of racism after the company closed a pharmacy in her district.
Walgreens <a href="https://www.dailymail.co.uk/news/article-11965589/The-stores-closed-doors-rampant-theft.html" target="_blank" rel="noopener">closed</a> a store in Chicago in January 2023 and three more in March 2023; two of them in Texas and one in Florida. Last summer, the company <a href="https://patch.com/illinois/deerfield/walgreens-closing-150-stores-nationwide-summer-2024-spokesperson" target="_blank" rel="noopener">acknowledged</a> it would close 150 stores across the country by August of 2024.
“Walgreens is planning to close yet another pharmacy in the Massachusetts 7th, this time on Warren Street in Roxbury, a community that is 85% black and Latino,” Pressley said on the House floor. “This closure is a part of a larger trend of abandoning low-income communities like the previous closures in Mattapan and Hyde Park, both in the Massachusetts 7th. When a Walgreens leaves a neighborhood, they disrupt the entire community and they take with them baby formula, diapers, asthma inhalers, life-saving medications, and, of course, jobs.”
“These closures are not arbitrary and they are not innocent,” Pressley charged. “They are life-threatening acts of racial and economic discrimination.”
“That is why I joined with Senators Markey and Warren to demand answers from Walgreens&#8217; CEO,” she continued. “Why was there no community input? No adequate notice to customers? And no transition resources to prevent gaps in health care? Shame on you, Walgreens. Having a website with talking points about health equity and underserved communities is not enough. Walgreens is a multi-billion-dollar corporation that needs to put their money where their mouth is and stop divesting from Black and brown communities.”
Walgreens said it would transfer patient files and prescriptions to a Walgreens roughly one mile away, while offering free same-day delivery of prescriptions for 90 days. “For non-pharmacy items, the store said it would do free same-day delivery for 90 days and waive the $35 minimum,” Boston 25 <a href="https://www.boston25news.com/news/local/fourth-walgreens-pharmacy-boston-set-close/V33AWV5B5BGQTAPAA5QDTE3WZY/" target="_blank" rel="noopener">reported</a>.
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In July 2023, at the Walgreens that reputedly had the highest theft rate in the nation, located in San Francisco, a CNN correspondent reporting on the store chaining its freezers’ doors shut <a href="https://nypost.com/2023/07/25/reporter-catches-thefts-mid-segment-at-most-robbed-walgreens-in-us/" target="_blank" rel="noopener">personally witnessed</a> three robberies as she conducted her report at the store.

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Biden-Harris Economy: Walgreens To Close 1,200 U.S. Locations

Biden’s Economy: Walgreens Announces It Will Shut Down Tons Of Stores

‘Shameful’: Pro-Lifers Slam Decision From Pharmacy Giants To Begin Selling Abortion Pills

Squad’s Pressley Accuses Walgreens Of Racism After It Closes Store In Her District

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