A dozen Walgreens stores in San Francisco to close

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Walgreens will permanently close its 12 doors San Francisco places.

Golden City residents will see the 12 stores that Walgreens has chosen to close no longer serve consumers at the end of February, the drugstore chain confirmed Monday.

The locations of the affected San Francisco stores are: 1201 Taraval Street, 3201 Divisadero Street, 1363 Divisadero Street, 825 Market Street, 1750 Noriega Street, 5280 Geary Boulevard, 1524 Polk Street, 1301 Franklin Street, 11 Potreowell Street. Ocean Avenue and 5300 3rd Street, according to Walgreens.

Walgreens store in Homestead, Florida. (Joe Raedle/Getty Images/File)

It previously announced the upcoming closures CBS News Bay Area and other local media.

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“Closing a store is never an easy decision.” Walgreens said in a statement from FOX Business. “We know our stores are important to the communities we serve, and that’s why we do everything we can to improve store operations, as we do here in San Francisco , we will work with community stakeholders to minimize customer disruption.”

The move to close the 12 locations was due to “increased regulatory and reimbursement pressures,” which the drugstore chain said “weighed on our ability to meet costs associated with rent, staffing and supply needs.”

It also said its retail pharmacy business was “central to our future business strategy”.

Walgreens CEO Tim Wentworth said in October that the company “will focus on stabilizing retail pharmacies by optimizing our footprint, controlling operating costs, improving cash flow and will continue to address reimbursement models to support margin delivery and maintain patient access into the future.” in fiscal year 2025.

A Walgreens store in Louisville, Ky. (Luc Charette/Bloomberg via Getty Images/File)

The drugstore chain said at the time that efforts to optimize its space would include closing about 1,200 stores over three years.

WALGREENS TO CLOSE 1,200 STORES AS PART OF TURNOVER EFFORT

Walgreens told FOX Business on Monday that the closing 12 stores in San Francisco was part of that initiative.

While discussing the company’s first-quarter earnings late last week, Wentworth told analysts and investors that Walgreens “has begun our footprint optimization program and is pleased with early results.”

“We are currently exceeding our historical retention rates and have retained the majority of store and pharmacy team members,” he said.