Posted on 03/07/2025 9:07:59 AM PST by JSM_Liberty
I don’t doubt 1/3 of Walgreens could close. And Rite Aid and CVS, too. There’s the ghetto problem, and then these chains just built too many stores too close to each others. And those great looking new Publix supermarkets with pharmacies are popping up in most all the same towns as those other three in many areas.
“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.”
and not just pharmacy, but non-prescription medical supplies of all kinds: amazon carries high-end brand name ER bandaging supplies that none of the retail pharmacy stores bother to carry, and in bulk quantity at that ... except for the random box of band-aides, peroxide and isopropyl alcohol, i don’t bother to shop any were except amazon for bandaging ...
“Both failing strategies.”
and both promoted by totally clueless management ... Theranos, for example, had scam written all over it ... apparently due diligence is beyond the comprehension of the latest generation of ignorant and clueless management ...
CVS owns it now. Stock is up.
“Walgreen’s is an overpriced Dollar Store that sells drugs in the back.”
one of the best descriptions of walgreens i’ve ever heard!
heck, at least with walmart, the pharmacy is right up front!
No publix where I live. We have Kroger. I still think there is a place for local drug stores, but like you said, Walgreens is overbuilt for current times and thanks to democrats pro-thug policies...many are going to close in those areas.
San Francisco has lost most of theirs as stealing isn’t prosecuted.
I’ll tell you the problem with Walgreens: Every item is at least double in price what it is elsewhere, and sometimes triple.
I dropped them when they would not refill a prescription for out of country travel. Very difficult to deal with and negatively affected my health.
CVS gained great adantage over Walgreens with its virtical integration of the top PBM (prescription benefit manager - CVS Caremark), medical care insurer AETNA, and the CVS retail prescription drug business.
The Walgreens in the small town where I work has a super Walmart and a super Target, both with pharmacies, a quarter mile in either direction from it.
The Walgreens parking lot usually has plenty of cars in it, so it will be interesting to see what happens to the store here. I never go in there so it won’t directly affect me.
The 80’s are back!
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