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Walgreens is in the final stages of planning to improve its business, which could result in closing stores.
On Thursday morning, CEO Tim Wentworth told analysts that "changes are imminent" for the 25% of Walgreens stores that are underperforming.
The drugstore chain, which runs 8,600 stores in the U.S., could close what Wentworth says is a “significant portion” of those stores if they do not improve.
“We are at a point where the current pharmacy model is not sustainable and the challenges in our operating environment require we approach the market differently,” Wentworth said.
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