Fox Arizona: Walgreens To Close About 1,200 Locations Over the Next 3 Years

TRANSCRIPT:

REPORTER: "Walgreens announcing some tough news for many of their employees and people who like to shop there. They’re going to close over 1000 stores in the next three years. 500 will close their doors in the next one year. It’s in response to competition from online pharmacies like Amazon, then also rising labor costs and declining prescription drug payments. It comes just months after the pharmacy giant said it was going to close 300 locations. But this announcement of 1200 currently swamps that estimate."