12 San Francisco Walgreens Stores to Close in February

The Walgreens store in Outer Sunset serving neighborhood 45 years, is about to close late February in San Francisco, Calif. on Jan. 10, 20205. Lear Zhou/The Epoch Times

SAN FRANCISCO–Walgreens will close 12 stores in San Francisco between February 24 and 27, according to a company spokesperson.

“Our retail pharmacy business is central to our go-forward business strategy,” Marty Maloney, the company’s Media Relations Director, said in an email to The Epoch Times.

“However, increased regulatory and reimbursement pressures are weighing on our ability to cover the costs associated with rent, staffing, and supply needs.

“It is never an easy decision to close a store. We know that our stores are important to the communities that we serve, and therefore do everything possible to improve the store’s performance. When closures are necessary, like those here in San Francisco, we will work in partnership with community stakeholders to minimize customer disruptions.”

One store on the closing list, 5280 Geary Blvd., has been suffering 20 thefts per day. The employees have had to chain the shelves to mitigate the problem, at least in July 2023, as reported by The Epoch Times.

The retail drugstore chain company announced in October 2024 its plan to close about 1,200 stores in the next three years, including approximately 500 in fiscal year 2025, to gain immediate accretive to adjusted EPS (earnings per share) and more cash flow.

The San Francisco stores to be closed in late February are as follows:

Parkside – 1201 Taraval St. Marina – 3201 Divisadero St. Western Addition – 1363 Divisadero St. South of Market – 825 Market St. Outer Sunset – 1750 Noriega St. Central Richmond – 5280 Geary Blvd. Lower Nob Hill – 1524 Polk St. Cathedral Hill – 1301 Franklin St. Mission – 1189 Potrero Ave. Downtown – 135 Powell St. Ingleside – 1630 Ocean Ave. Bayview – 5300 3rd St.