Walgreens to Close Chicago Store After Losing Over $1M to Rampant Theft, What It Means for the South Side
Walgreens to Close Chicago Store After Losing Over $1M to Rampant Theft, What It Means for the South Side Here’s a sentence you don’t expect to write about your neighborhood pharmacy: the theft rate hit 16% and employees were jumping over counters to stop people from stealing liquor. But that’s exactly what happened at the Walgreens at 86th and Cottage Grove on Chicago’s South Side. And now, after more than 20 years serving the Chatham community , the store is closing its doors for good on June 4, 2026. Walgreens executives revealed at a town hall meeting that the location lost over $1 million last year , crushed between rampant theft and softening prescription sales. The company spent $400,000 a year on security guards. Lock boxes meant to protect merchandise were “regularly destroyed.” Staff members faced attacks and threats. And yet. The response from the community hasn’t been “good riddance.” It’s been heartbreak, and fury. Alderman William Hall stood ou...