A Walgreens located on South New Hope Road in Gastonia permanently closed earlier this month, and the company says the closure is part of a "turnaround plan" aimed at cutting costs.

The Walgreens located at 2465 S. New Hope Road closed Aug. 5, company spokeswoman Jennifer Cotto said in an email.

"We will continue to execute our previously announced turnaround plan aimed at stabilizing the retail pharmacy, including our footprint optimization program. Increased regulatory and reimbursement pressures are weighing on our ability to cover the costs associated with rent, staffing and supply needs," Cotto said in a prepared statement. "It is never an easy decision to close a store, and we know how important they are to the communities we serve and therefore do everything possible to improve th

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