Posted on 03/07/2025 9:07:59 AM PST by JSM_Liberty
My daughter worked at Walgreens a few years back when the stock price was near 70 and a manager she despised used to brag about her 401K “all in Walgreens stock!” which Shaniqua insisted would soon be over 100. I think she might be cutting down on her hair weave expenses around now.
Interesting. I did not know they are combining forces. Normally what I see here is the chain runs their own pharmacies.
Of course, to be honest, I don’t do a whole lot of shopping and my health insurance send me my meds from their pharmacy by mail
Walgreens has the worst customer service treatment in the Country and highest prices.
Walgreens has been closing stores left and right already. Too much competition.
Not the least of which is government regulation. Paperwork as a public company is non-trivial.
Not the least of which is government regulation. Paperwork as a public company is non-trivial.
He was private investment.
Part of MAGA might be the wild west......................
Not all Venture Capitalists engage in this type of behavior
https://theexpositor.tv/blog/sheep-wolves-and-sheepdogs-lt-col-dave-grossman/
I was about post a comment making that same point.
With so many different types of businesses already offering pharmacy, I don't see how Walgreen's, CVS and Rite Aid can remain profitable. Their stores aren't Walmart size, but they are large stores where the pharmacy takes up a small amount of floor space and the rest of the store offers merchandise available at significantly lower prices at Walmart and other retailers.
Doesn't look like a good business model to me, and even less so with Amazon and others making serious efforts to grab a slice of the future pharmacy pie.
Yes and not being a pubic entity will make it easier to close out non profitable stores and concentrate on more lucrative locations without being sued by stock holders more interested in DEI than profit...
Expect them to leave California and New York except for richer areas.
Fully expect Walgreens to abandon those areas. They already have mostly left San Francisco...
Part of MAGA might be the wild west......................
The same was true of Sears-KMart. Expect it to happen some with Walgreens. I figure they will close 1/3 of their stores in the next 3 years. Every location in ghetto and other non-performing areas will be closed and the property sold.
If your city, or state allows uncontrolled stealing, expect Walgreens to close. They will then be a leaner, meaner, more profitable venture that can then be spun off or sold.
That’s because Target sold their pharmacy’s to CVS a few years ago.
Well, many people like myself use Walgreens for prescriptions cause they are closer than driving 10 miles to a Wal Mart.
Yes the stuff there is higher but they have sales too. Many times I just want an item or two and I don’t mind paying a little more NOT to go to Wal Mart. It was never meant to be a grocery store any more than the gas station stores which are even higher.
Walgreens never recovered from their fast expansion on every corner and the Theranos deal. Both failing strategies.
“Have you read up on Sears and Red Lobster, both were taken over by Venture Capitalists, both were raped and pillaged.”
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I am more than familiar with both. Red Lobster was stagnant, overpriced, and became a victim of the Covid hoax.
Sears couldn’t compete against Amazon, Walmart, or even all the auto parts stores. They were once everything to everybody, but toward the end they were nothing to nobody.
They weren’t raped and pillaged. They slowly self-asphyxiated.
Call it what you want, IMO, the people who took over those two companies were more about sucking out the assets than managing the company to achieve some type of turn around.
IMO, both companies were sucked dry of their assets by what should be called Vulture Capitalists, i.e. they were raped and pillaged.
Each of those three towns had a Walgreens, CVS and a Rite Aid almost within sight of each other for several years. In each, the Rite Aid closed during the last three or so years. I think that's another problem. In competing with each other, those three just opened too many locations, especially in medium sized towns, and some were bound to fail. And there are still many locally owned pharmacies in smaller cities and towns. And Publix supermarket/pharmacy stores have opened in two of those three towns. More and more competition in the pharmacy business.
Walgreens is where we have our prescriptions filled since WalMart stopped doing so.. Same distance , Walgreens is across the street from WalMart .
I wrote in another post, I expect fully 1/3 of Walgreens stores to close. Any ghetto and under performng stores will close and they will concentrate in more profitable areas of the country.
Perhaps 1/2 as many stores when they are done.
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