Walgreens plans to close approximately 200 U.S. stores, the company announced Tuesday in an SEC filing.
According to the document posted Tuesday on the Securities and Exchange Commission website, the move to close stores follows “a review of the real estate footprint in the United States.”
The closing stores represent less than 3% of Walgreens nearly 9,600 U.S. stores, Phil Caruso, a Walgreens spokesman, said in a statement to USA TODAY.
“As previously announced, we are undertaking a transformational cost management program to accelerate the ongoing transformation of our business, enable investments in key areas and to become a more efficient enterprise,” Caruso said. “As part of this effort, we plan to close approximately 200 stores in the U.S.”
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Walgreens does not plan to release a list of the closing locations, Caruso said.
He said since the company has multiple locations in many markets officials anticipate minimal disruption to customers and patients.
“We also anticipate being able to retain the majority of the impacted store team members in other nearby locations,” Caruso said.
Eight months into 2019, there have already been 29% more store closings announced than in all of 2018, according to an Aug. 2 report from global marketing research firm Coresight Research.
Based on Coresight Research’s figures and retailers’ earnings reports, nearly 7,600 stores are slated to shutter this year with thousands of locations already gone.
CVS closed 46 locations earlier this year.
Follow USA TODAY reporter Kelly Tyko on Twitter: @KellyTyko