Big Pharmacy Crash: Walgreens Closing Stores and Rite Aid Declares Bankruptcy

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Big Pharmacy Crash: Walgreens Closing Stores and Rite Aid Declares Bankruptcy
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The company failed to meet Wall Street's expectations for the fiscal year that ended Aug. 31, losing $6.9 billion, which is partially due to $6.8 billion in opioid-related "Our performance this year has not reflected strong assets, brand legacy, or our commitment to our customers and patients," interim CEOWhile the company specified that 60 clinics will close, it is unclear how many retail stores will shutter in the next year. In June, however, the company did announce plans to shut down 150 locations in the U.S.

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