June 28, 2024- Walgreens in planning on numerous retail store closures as it faces an increasingly challenging environment for U.S. consumers and pharmacies, according to CEO Tim Wentworth and CNBC News. The pharmacy chain announced quarterly earnings Thursday morning that fell short of expectations, and Walgreens’ stock price dropped 22% on the day. A bright spot was its health-care segment, which topped revenue estimates, according to CNBC. Walgreens stated in an interview with CNBC that on-site medical services and specialty pharmacy offerings are critical to its ongoing push to transform from a major drugstore chain into a large health-care company.