Walgreens announced it was closing a dozen stores in San Francisco because of what it called "increased regulatory and reimbursement pressures" in the latest round of retail store closures in the city.

A dozen Walgreens stores are slated to shutter across the city of San Francisco at the end of February, spokesperson Marty Maloney confirmed to SFGATE on Wednesday night. The news comes just after the pharmacy chain announced the pending January closure of three East Bay stores and 1,

Walgreens is pulling the plug on 1,200 stores over the next three years. That's no small cut. And they're not the only ones feeling the squeeze. Business Insider reported that CVS and Rite Aid are scaling back too.

Walgreens is closing 12 stores across San Francisco by the end of February, according to a report from SFGate, citing a company spokesperson.