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"Odd that some are so offended that I would suggest that a massive corporate chain might be closing retail locations for the exact reason they told investors they would close locations, rather than the reasons stated in their external PR," Preston said in a on Friday."
"In a , Walgreens announced it would launch a "Transformational Cost Management Program" that would shutter 200 stores in the US in order to save $1.5 billion in annual expenses by 2022.
A May study published by Stanford economist Nicholas Bloom found 15% of residents left San Francisco during the pandemic and have not returned, which he told could explain Walgreens' waning customer base in the city.
San Francisco does have relatively , which criminal justice researcher Magnus Lofstrom told could be due in part to .
Walgreens did not immediately respond to Insider's request for comment."
"In a , Walgreens announced it would launch a "Transformational Cost Management Program" that would shutter 200 stores in the US in order to save $1.5 billion in annual expenses by 2022.
A May study published by Stanford economist Nicholas Bloom found 15% of residents left San Francisco during the pandemic and have not returned, which he told could explain Walgreens' waning customer base in the city.
San Francisco does have relatively , which criminal justice researcher Magnus Lofstrom told could be due in part to .
Walgreens did not immediately respond to Insider's request for comment."