Walgreens To Permanently Close Cherry Hill Store

CHERRY HILL, NJ — A Walgreens store in Cherry Hill will permanently close next month as the company continues to downsize.

The store (504 Kings Hwy N) will permanently close on May 19, according to the pharmaceutical retail chain's website.

Customers who pick up prescriptions from that location can get them transferred to a different Walgreens.

The closure does not impact the status of Cherry Hill's other Walgreens location on Route 70.

Last year, Walgreens revealed plans to shutter about a quarter of its 8,500 U.S. stores, which were considered underperforming. The company didn't announce which locations would close but later revealed that 500 stores would cease operations in the 2025 financial year, which wraps up at the end of June.

Walgreens has been squeezed by lower consumer spending, shifts in reimbursement rates for prescriptions, and competition from CVS, Amazon, and grocery and retail chains, according to CNBC.

The chain must also pay $5.7 billion over the next 15 years as part of landmark litigation in which a federal jury found Walgreens and other major pharmacies played a significant role in the opioid crisis.

42 Freeway first reported the Cherry Hill store's upcoming closure.