Biden-Harris Economy: Walgreens To Close 1,200 U.S. Locations | Eastern NC Now

    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Hank Berrien.

    In another business casualty from the Biden-Harris administration, Walgreens announced Tuesday that it would close roughly 1,200 locations over the next three years.

    500 of the 8,500 Walgreens stores will close in the current fiscal year, the Associated Press reported, adding, "The company began the year by cutting the dividend it pays shareholders to raise cash. Six months later, it slashed its forecast for 2024."

    According to Walgreens CEO Tim Wentworth, roughly 70% of the company's stores are profitable. "This solid base supports our conviction in a retail pharmacy-led model that is relevant to our consumers, and we intend to invest in these stores over the next several years," he said.

    Neil Saunders, managing director of consulting and data analysis firm GlobalData, argued that the profitable stores are not immune to financial concerns such as varying consumer behavior and buying patterns, arguing, "All these things have the potential to undercut store performance and Walgreens needs to ensure that this does not happen. If it doesn't, the latest slate of store closures will not be the last and Walgreens will enter the dangerous spiral of being an ever-shrinking business."

    In June, Wentworth acknowledged the increase in theft from its stores, saying that Walgreens wanted cities to help by "investing in public safety so that our customers and employees feel safe."

    "The retail industry is going through a tough time as it copes with inflation-weary consumers and a rash of bankruptcies, prompting chains to announce the closures of almost 3,200 brick-and-mortar stores so far in 2024, according to a new analysis," CBS News reported in May.

    "Nearly 20,000 businesses have warned they're at risk of closing if President Joe Biden is elected to a second term," Newsweek stated in mid-May. "In a new report from RedBalloon and PublicSquare, nearly half of the 80,000 small businesses surveyed said they 'definitely' or 'probably' will not survive another four years with Biden."

    "It's been a difficult three years for America's small businesses," Michael Seifert, PublicSquare CEO, said. "While many inside the Beltway may feel like things are good, that isn't translating to Main Street America-the frontlines of our small business economy."

    In March, Dollar Tree announced it would close roughly 1,000 stores and 600 Family Dollar stores in the first half of 2024, and 370 Family Dollar and 30 Dollar Tree stores over the next few years.


    In May 2023, Joshua Kobza, CEO of Restaurant Brands International Inc., which owns Burger King, said 300 to 400 U.S. Burger Kings would be closed by the end of 2023.

poll#217

Now that Kamala Harris has been coronated the Democratic Socialist designee for nomination as their candidate for President of these United States, after that political party's contrived primary process "democratically" elected Joseph R. Biden: What are your feelings about this party's progressive posture within their self-styled exercise of "Saving Democracy for America," and how truly critical the outcome of this presidential election will be?

  I am ecstatic that this "Democracy's" First partially Black, First partially Indian, First female Co-Parent, and this nation's primary necessity is to elect Kamala our First woman president.

  I really do not care about all these "Firsts." I will continue to pray, and work for this Representative Republic to elect someone competent, and brilliantly patriotic to be our next president.

  I will never vote for any politician that "first" does not have the core values to understand how dire this Constitutional Republic's situation has become.

104 total vote(s)     What's your Opinion?

poll#216

Since the Democratic Socialist campaign message has been that the Republican nominee, "Donald Trump is a threat to Democracy," is it not exceedingly ironic that the leadership of the Democratic Socialist party is endeavoring to remove their presumptive nominee - Joseph R. Biden, though elected - as their candidate for the presidency of the United States?

  The Democratic Socialists reserve the right to always be incredibly flexible in all matters pertaining to communicated core ideals.

  The Democratic Socialists are long on hyperbolic promise, but way short on purposeful performance, ergo, they are grand hypocrites of the first order.

  None of this really matters.

100 total vote(s)     What's your Opinion?