The Walgreens at 5151 W. Colfax Ave. will close next month. (Max Scheinblum/BusinessDen)
The western edge of Denver is losing a pharmacy.
Walgreens, the nationwide chain based in Illinois, will close its location at 5151 W. Colfax Ave. on Nov. 12, the company confirmed to BusinessDen.
The closure of the store at the corner of Colfax and Sheridan, on the border with Lakewood, is part of a nearly 25 percent cut to the company’s count of 8,600 stores, which Walgreens announced in an earnings call in July.
“Our retail pharmacy business is central to our go-forward business strategy,” Walgreens spokeswoman Samantha Stansberry said in an email. “However, increased regulatory and reimbursement pressures are weighing on our ability to serve our patients profitably.”
The store has operated since at least 2011, according to archive Google Streetview images.
A spokeswoman didn’t respond when asked if other Denver-area locations are slated to close. The company owns the property, records show.
Walgreens plans to relocate “the majority” of its staff to other stores in the area, Stansberry said.
The Walgreens at 5151 W. Colfax Ave. will close next month. (Max Scheinblum/BusinessDen)
The western edge of Denver is losing a pharmacy.
Walgreens, the nationwide chain based in Illinois, will close its location at 5151 W. Colfax Ave. on Nov. 12, the company confirmed to BusinessDen.
The closure of the store at the corner of Colfax and Sheridan, on the border with Lakewood, is part of a nearly 25 percent cut to the company’s count of 8,600 stores, which Walgreens announced in an earnings call in July.
“Our retail pharmacy business is central to our go-forward business strategy,” Walgreens spokeswoman Samantha Stansberry said in an email. “However, increased regulatory and reimbursement pressures are weighing on our ability to serve our patients profitably.”
The store has operated since at least 2011, according to archive Google Streetview images.
A spokeswoman didn’t respond when asked if other Denver-area locations are slated to close. The company owns the property, records show.
Walgreens plans to relocate “the majority” of its staff to other stores in the area, Stansberry said.
