Were they the ones that stopped selling tobacco products?
200 stores? That’s only about the number of Duane Reades in any six-block square of Manhattan.
Makes sense, what with sales being up and all. Time for the execs to get third vacation homes.
Soetoro’s state controlled “media” clowns is right. Da conomy B boomin’ again! Thanks Barry!!!! Bring in 10 million more freeloading Xenos! We’re ready!
If they would try competitive pricing on their non-pharmacy goods, they might see an increase in sales.
A bottle of aspirin costs about $3.50 at Walmart and $5.00 (on sale) at Walgreens. Their other grocery and non-pharmacy items are similarly priced higher than the local competition.
They did recently acquire a competing drugstore chain (about 20 stores) in Arkansas. Even so, they still have low customer traffic.
I went in Saturday morning to pick up some prescriptions. I was one of three customers in the store — on a Saturday morning.
I suspect this was part of the grand corporate plan. Ever since the wave of baby-boomer retirements started to crest, Walgreens and CVS have tripped over each other to put a store on every corner in my area. You can’t go a mile without passing a couple of each it seems. That is not a sustainable long-term business strategy in any economy, let alone the one that The One has perpetrated on us. As the needs of the boomers flattens out, store closings were/are inevitable.
According to the news releases, they are closing about 2% of their 8,232 drugstores [US, Puerto Rico, U.S. Virgin Islands]. Walgreens has not yet revealed a list of stores scheduled to close, nor a timetable of closures.
http://www.ky3.com/news/local/walgreens-to-close-200-pharmacies/21048998_32282428
Walgreens seems to be on every corner with CVS right across the street. They expanded rapidly with all that building it had to be costly. We tried to get some immunizations one Sunday afternoon. It was a fiasco. Either they were out of the vaccine or didn’t know how to process our insurance and actually did one incorrectly. We went to 2 stores and as we were about to leave and go to CVS the head pharmacist on duty came after us and said he found the vaccine and would take care of us. It was a 2 hour ordeal I think. Husband thought I had to have one vaccination before grandson was born or I would have said forget it!
200 stores? That should cover about two neighborhoods.