Walgreens, one of the largest drug store chains in the United States, is planning to close a significant number of its 8,600 stores due to financial struggles. CEO Tim Wentworth cited profitability issues, competition, and failed growth strategies as reasons for the closures. This decision is part of a larger trend affecting the pharmacy industry, with CVS also closing stores and Rite Aid filing for bankruptcy. The decline in drug store profits is attributed to falling reimbursement rates for prescription drugs, controlled largely by pharmacy benefit managers (PBMs) negotiating rebates from manufacturers. In addition, the shift to online shopping and competition from big-box retailers has impacted the front end sales of drug stores. While these closures may improve the companies' financial situations, they can have negative effects on consumer access to healthcare, particularly in lower-income areas. Studies have shown that pharmacy closures can lead to health risks for patients, especially older adults. The industry is facing significant challenges that will require innovative solutions to remain viable in the future.