Walgreens closes nine stores in Massachusetts as part of nationwide downsizing

In March and April 2025, Walgreens confirmed the closure of nine stores across Massachusetts, forming part of a broader strategy to reduce operational costs and optimize its retail footprint. The specific locations set for closure include Norton, Marlborough, Fairhaven, West Springfield, Easthampton, Cambridge, Boston, Haverhill, and Methuen, with closing dates staggered from March 17 to April 29. This decision comes after Walgreens announced plans to close 1,200 stores nationwide by 2024 amid ongoing financial challenges. The closures in Massachusetts are linked to a significant acquisition by Sycamore Partners, a private equity firm, which aims to restructure Walgreens to better cope with reduced drug reimbursement rates and declining consumer spending. In response to these closures, Walgreens assures its customers that their prescriptions will automatically be transferred to the nearest Walgreens store. Alternatives for affected customers include the option to switch to other Walgreens locations or utilize a free delivery service for up to 90 days. Notification letters detailing these options will be sent to those impacted by the store closures. Despite these measures, the retail pharmacy faces increasing pressures that could hinder its ability to manage costs associated with rent, staffing, and supplies. Walgreens CEO Tim Wentworth emphasized the company's commitment to execute a turnaround plan to stabilize its operations amidst a challenging economic landscape. These closures represent a strategic move to align with future financial goals and adapt to changing market dynamics.