Walgreens to close beauty.com by September

Walgreens is planning to close drugstore.com and beauty.com by the end of September.   

This move is being taken in order to focus more on the development of Walgreens.com, reported Geek Wire.

In 2011, Walgreens purchased the online retailer for $429m. Following the closure, Walgreens will incur charges of $115m.

According to Geek Wire’s estimates, around 100 jobs will end up being lost.

Walgreens was quoted by Globalcosmeticsnews.com as saying: “Over the past year, we have been focusing on building new omni-channel capabilities on Walgreens.com with initiatives that improved assortment and website user experiences, enhanced our digital coupon capabilities to provide customer value, and added digital tools into our stores to elevate our shopping experiences.

“Expanding on these efforts is an important part of our strategy.”