Walgreens has announced plans to close stores in Aurora and Denver, as part of their ongoing restructuring efforts.

Walgreens is making some changes to its operations, specifically in Denver and across the country. According to the phone system of a Walgreens location at the intersection of Havana Street and Colfax Avenue in Aurora, it will no longer be in business after November 13th. Similarly, the Walgreens at 300 S. Federal Blvd. in Denver's Westwood neighborhood will also be closing its doors on November 14th. These closures come after the recent announcement that another Walgreens at the corner of Colfax and Sheridan Boulevard will also be shutting down next month.

The decision to close these stores is part of a larger plan by the Illinois-based company to shut down 1,200 stores, which equates to about 14% of its total stores. During an earnings call, CEO Tim Wentworth cited an unsustainable business model and lack of consumer spending as the reasons for this dramatic reduction. However, the specific locations that will be affected have not been made public by the company. Walgreens spokesperson Megan Boyd stated that they do not have any details to share at this time regarding the specific locations.

Recent news reports have confirmed the closures of the Westwood and Aurora stores, with the total number of closures being an update from the previously announced plan to shut down 25% of stores. Additionally, it has been noted that at least two other Walgreens locations in the region have already closed in recent months. The property of a former Walgreens location in Littleton has been taken over by a store in Centennial, while another former Walgreens property in Englewood is currently being marketed for sale or lease on LoopNet.

The decision to close these stores may come as a surprise to some, but it seems to be a strategic move by Walgreens to adapt to the changing market and consumer behavior. As the company continues to evaluate and adjust its operations, it remains to be seen how this will impact the overall retail landscape. For more updates on business news, be sure to sign up for our Economy Now newsletter.

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