Walgreens, a privately owned company headquartered in the US, was founded in 1901 and employs approximately 78,180 individuals. The company operates as the second-largest pharmacy store chain in the United States, specializing in retail pharmacies, filling prescriptions, offering health and wellness products, providing health information, and delivering photo services.
On September 9, 2026, Walgreens announced it would close fewer than 100 stores in 2026, a significant reduction from its previous plan to shutter approximately 1,200 underperforming locations across the U.S. This change follows its acquisition by private equity firm Sycamore Partners. Previously, on September 8, an Illinois federal judge allowed a lawsuit filed by Walgreens and Kroger against Biogen Inc. to proceed, which alleges that Biogen unlawfully suppressed competition for its multiple sclerosis drug Tecfidera. Also on September 8, Walgreens revealed plans to expand its advertising capabilities by implementing in-store screens from Looma in 1,200 store locations by early 2027, offering CPG brand partners a new channel for promotional messages via its Walgreens Advertising Group (WAG) retail media network, which launched in 2020.
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