The Seattle Times reports that Walgreens plans to shut down by early autumn Drugstore.com and Beauty.com, five years after it acquired the sites.
The company says that it wants to focus on its core site and develop the core brand's omnichannel potential.
The story notes that the closure is part of a broader effort by Walgreens to save $1.5 billion in annual expenses. And it points out that despite the buzz that surrounded it at one point, Drugstore.com never actually turned a profit.
The company says that it wants to focus on its core site and develop the core brand's omnichannel potential.
The story notes that the closure is part of a broader effort by Walgreens to save $1.5 billion in annual expenses. And it points out that despite the buzz that surrounded it at one point, Drugstore.com never actually turned a profit.
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