Walgreens Joins the List of Retailers Closing Stores in 2015

Walgreens recently announced plans to shut down 200 U.S. stores in an effort to implement an aggressive cost-cutting plan.  The retailer hopes to cut costs by $1.5 billion over the next three years.  No time frame has been set for when these closings will occur.  The company now goes under the name Walgreens Boots Alliance (WBA) after its $5.3 billion purchase of European drugstore Alliance Boots.  In addition to Alliance, the company also bought the Duane Reade chain of pharmacies for $1.1 billion.  Walgreens currently operates 8,232 U.S. stores across all 50 states, making it the largest drugstore by locations, although it trails rival CVS in sales.    

This is just one of many retailers that have begun store closings amongst the growing trend of e-commerce.  Staples, Office Depot, Sears, RadioShack, and Wet Seal have all recently announced closing plans. 

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Virginia MacKoul

Virginia is a graduate from the University of Florida's College of Design Construction and Planning with a degree in Sustainability and the Built Environment, and a minor in Urban Regional Planning. Virginia joined the Front Street team in 2011, as an intern. Upon graduation, Virginia joined the Front Street team full-time as the Director of Client Services. Ms. MacKoul’s addition furthers Front Street’s continued growth and expansion within Gainesville and other North Central Florida markets. She was promoted to Director of Marketing in 2014 and now manages the firm’s team of interns and oversees all marketing and branding activity. Virginia was born in Boston and moved to Lee County, Florida in 1997. Virginia graduated her high school's International Baccalaureate program and started at the University of Florida with a focus on Architecture. Virginia shares Front Street's passion of giving back to the community and those in need. Virginia's hobbies include photography, cooking, football, movies, music, and spending time with her dog, Brinkley.

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