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.

Retailers to shutter nearly 20 underperforming locations as part of a national downsizing strategy in the industry.

Walgreens announced in 2024 it would be closing about 1,200 stores across the U.S. as it struggles with slumping consumer spending. The company plans to close about 500 stores in fiscal 2025, which ends in August 2025.

Five Walgreens stores will shutter their doors in Chicago next month, as part of a nationwide series of closures announced by the drugstore last year.