Walgreens was a huge household name. Their pharmacies served many families throughout the United States for nearly 132 years. Now, things are changing.
The value of this massive pharmacy chain steadily declined over the past 5 years. That likely from skyrocketing cost of goods, ever increasing costs of drugs from pharmaceutical manufacturers, and shockingly high rents.
Today Walgreen is down 24%.
Over the past five years company lost nearly 80% of it value.
Walgreens has over 8,500 stores and employs approximately 300,000 individuals.
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REFERENCES:
https://www.nasdaq.com/market-activity/stocks/wba
