Walgreens plans to close 1,200 stores over three years. After 70 closed September to November 2024, 450 more will close in 2025, the company says.

More Walgreens locations have closed or are closing — including one in Florida — as part of the company's plans to shutter more than 1,000 stores. Walgreens announced in 2024 it would be closing about 1,200 stores across the U.S. as it struggles with slumping consumer spending.

Walgreens will close five Chicago stores next month, part of the Deerfield-based pharmacy chain’s plan to shutter 1,200 locations by 2027.

Retailers have been faced with increases in shoplifting and retail theft. But anti-theft prevention can hurt retail sales, says the CEO of Walgreens.

The CEO of Walgreens suggested that placing their products under lock and key may have actually backfired. "When you lock things up … you don't sell as many of them," he said. Walgreens’ plan to combat increasing theft by locking products up at their stores has hurt sales,

Despite efforts to prevent retail theft, Walgreens reported a 32% in "shrink," or a loss of inventory that can’t be accounted for through sales.