Walgreens has closed at 8701 Georgia Avenue in downtown Silver Spring. It was open for just under a decade at this high-traffic location. Customers' pharmacy records have been transferred to the chain's store at 1329 University Boulevard E. in Takoma Park - not exactly convenient. There is a closer location at 1015 Ripley Street in Silver Spring.
This is one of the few business closures that can't be blamed on the Montgomery County Council, or the County's moribund economy. Walgreens announced in December that it would be closing 1200 stores nationwide over the next three years. 500 are expected close in 2025.
Officially, the reason is increased competition from Amazon, Walmart, and Target pharmacies. But the closures likely have more to do with a recently-announced acquisition of the chain by a private equity firm. These vampire firms are known to suck all value that can be liquidated from a company - by firing employees, closing stores, and selling off inventory and real estate - transfer the profits to investors, and then discard the husk. Such a fate has befallen Sears, Kmart, and Toys R Us in recent years, just to name a few.