Walgreens to close 600 Rite Aid stores, but hasn’t said which ones

DEERFIELD Ill. — Walgreens announced Wednesday it plans to close about 600 stores, mostly Rite Aids, as part of the company’s plan to buy almost 2,000 of that chain’s pharmacies.

Walgreens hasn’t announced which Rite Aids are to close, but a company executive in an earnings call Wednesday said that the company plans to close Rite Aids that are within a mile of a Walgreens store.

The store closures are to begin in the spring of 2018 and continue over an 18-month period, the company executive said, according to a transcript of the call.

In September, Walgreens announced that federal regulators approved a $4.4 billion deal for the company to buy 1,932 Rite Aids, according to news accounts. The deal would leave Rite Aid with about 2,600 stores, and came after years of Walgreens trying to buy Rite Aid outright.

A Walgreen’s spokeswoman in a message on Wednesday wrote that the company did not have an exact timeline for when it would announce which stores are to close.

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