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In June 2024, pharmacy chain Walgreens made a shocking announcement. They plan to close a docHub number of stores. At this point, only 75% of stores bring in what is effectively their revenues and profits. The iconic chain is rapidly reducing its footprint, with approximately 2150 locations on the chopping block by 2027. This is just the latest effort by the struggling company to right a ship that has seen a rotating door of CEOs, stagnating profits and its share price fall more than 55% between January and July 2024. In the Q3 report, CEO Tim Wentworth cited two reasons pressure on the consumer and challenging trends in the pharmacy space. They donamp;#39;t have infinite time to stabilize this before itamp;#39;s too late. But Walgreens problems are just the latest sign of trouble for the entire industry. Cvs has been closing stores all along. Rite aid is filing for bankruptcy. So what is happening to American pharmacy chains? How did Walgreens go from record highs to a bottomin