Several major companies announced store closures in the past months.

Walgreens is the latest to announce closures, though the number or location of the impacted stores wasn’t shared. The pharmacy chain expects a “significant portion” to shutter over the next three years. 

“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 Thursday during the company’s quarterly earnings call.

But Walgreens isn’t the only major brand closing locations. Here’s what to know about the stores closing and any affected locations in Arizona.

Which companies are closing stores in the US?

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Walgreens announced on Thursday that it would close locations across the U.S.

Red Lobster closed nearly a hundred locations in May while filing for Chapter 11 bankruptcy, including one in Arizona. More locations could also be affected.

At least 44 Hooters locations had closed as of Friday, USA TODAY reported. The company attributed “pressure from current market conditions” as the reason for the closures.

Why is Walgreens closing stores? 

The Illinois-based pharmacy giant noted that 25% of its stores are underperforming.

Wentworth said in a statement, “We are addressing critical issues with urgency and working to unlock opportunities for growth. Many of these actions will take time, but I am confident that we have the right team and the right strategy to lead a business turnaround for Walgreens that our customers and patients need.”

Walgreens is not alone in its financial troubles. The country’s largest pharmacy chains are shuttering stores. CVS and Rite Aid have had a bumpy two years with store closures and bankruptcy filings.  

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Are any Arizona Walgreens stores closing? 

The company has not announced what stores will be closing. It is unknown yet what locations in Arizona will be affected. Wentworth said the company has roughly 2,100 underperforming stores. Over the past ten years, Walgreens has closed 2,000 store locations.  

Why is Hooters closing stores?

A “select number” of Hooters restaurants will shut down due to “pressure from current market conditions,” the chain said in a statement to USA TODAY on Monday.

“Ensuring the well-being of our staff is our priority in these rare instances,” the statement reads. “This brand of 41 years remains highly resilient and relevant. We look forward to continuing to serve our guests at home, on the go and at our restaurants here in the U.S. and around the globe.”

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Hooters abruptly shut down around 40 locations across the US due to poor financial performance.

Benzinga – News

Are any Arizona Hooters locations closing?

No Hooters restaurants in Arizona appeared to be closing. All locations were listed as open on the company website, and none appeared in other media outlets’ lists of stores closing.

There are five Hooters restaurants in Arizona, according to the company’s website.

• 1665 S. Alma School Road in Mesa.
• 10223 N. Metro Parkway in Phoenix.
• 2820 N. 75th Ave. in Phoenix.
• 7280 E. Broadway Blvd. in Tucson.
• 1519 S. Yuma Palms Parkway in Yuma.

Why is Red Lobster closing?

According to Bloomberg, Red Lobster has been finding it difficult to make money with its current leases and labor costs. It has also been reported by CNN the company suffered a $12.5 million operating loss in the fourth quarter of 2023 despite its popular endless shrimp promotion.

By filing for Chapter 11 bankruptcy, the company would stay open while it reorganizes funds to pay off existing debt over time, seeking to continue with better financial footing.

Bloomberg also reported Red Lobster is being advised by law firm King & Spalding on the subject. Any discussions about restructuring are ongoing, and no final decisions have been made regarding a bankruptcy filing as of April 18.

Which Arizona Red Lobster locations are closing?

Before Red Lobster officially filed for Chapter 11 bankruptcy, the company listed some United States stores as closed. As of May 23, 2024, just one Red Lobster location in Arizona was listed as “closed” or “temporarily closed.”

• 11695 N. Oracle Road in Oro Valley.

According to one of the documents filed in bankruptcy court, these Arizona Red Lobster locations are on the chopping block if their leases cannot be renegotiated:

• 1521 S. Yuma Palms Parkway in Yuma.
• 5061 N. Oracle Road in Tucson.
• 7921 W. Bell Road in Peoria.
• 2810 N. 75th Ave. in Phoenix.

The NFL offseason continues today, a Friday, and we continue the countdown to the start of the regular season. For the Arizona Cardinals, who open the season on the road at Highmark Stadium against the Buffalo Bills on September 8, there are 72 days left.

The Twins Killing

Following a series loss to the juggernaut Philadelphia Phillies, the Diamondbacks returned home to Chase Field at 38-40 and were tasked with taking on the Minnesota Twins, who came in with a record of 43-35 and sitting in 2nd place in the AL Central.

Game 1 of this series started with Twins ace Joe Ryan on the bump versus the Diamondbacks young stud Brandon Pfaadt aka “The GodPfaadther”. The offense got off to a hot start but Pfaadt still ran into his usual blowup inning troubles, which had the crew discussing if if and when they would have taken Pfaadt out of the game, along with wondering how much longer this Diamondbacks team can rely on Marte to carry this offense,

The typical June game 2 blowout was disappointing but not unexpected, as Ryne Nelson’s ‘Jekyll and Hyde’ season continues at home in a 8-3 loss. The fellas each give their own thoughts as to if they think Ryne is an actual MLB caliber pitcher, along with what the possible causes could be to this teams constant game 2 blowouts (5 of their last 6 series).

The matinee rubber match of this series was not much better than the previous game, but what better way to get ourselves introduced to writing game recaps than getting an absolute clunker out of the way first? The 13-6 loss in the finale had plenty of downsides, but nothing more notable than Jordan Montgomery’s 2.2 IP with 8 R (4 ER). Considering Monty was coming off 3 straight efficient starts that resulted in him getting the W, the crew questioned what might have been the biggest factor to his disastrous 2nd inning.

After a short series preview of the upcoming Oakland Athletics matchup, the fellas touched on Zac Gallen’s potential but probable return to the mound this Saturday. They also briefly talked about Alek Thomas finally getting back to rehabbing in Reno, and Ketel Marte moving on and being announced as a finalist for the All-Star Game Starters. MAKE SURE TO SHOW OUT FOR KETEL DBACKS FANS