Walgreens faces tough times ahead as CEO Tim Wentworth announced potentially significant store closures due to a challenging environment for pharmacies and U.S. consumers. Quarterly earnings fell short of Wall Street expectations, causing the stock to drop over 20%. Wentworth warned of weaker consumer spending for the rest of the year, citing consumer shock at high prices. The company plans to slash prices on 1,300 items to better serve financially strained customers. 25% of its 8,600 stores may close as 75% drive all profitability. Walgreens has struggled for years, experiencing declining share prices and revenue, and facing pressure from big-box chains and e-commerce. The company aims to pivot towards a health-care focus, as seen in the success of its health-care segment. Amidst executive leadership changes, including Wentworth taking over as CEO, Walgreens is determined to transform from a drugstore chain into a large health-care company.