i wish Sycamore Partners could luck if their intent is keep Walgreens/Boots as a going concern ...
at a minimum, they’ll have to do the following:
1. close all grossly unprofitable stores ASAP
2. reduce prices of retail merchandise to match the prices of walmart ... their current full retail prices are ridiculous
3. improve pharmacy service to match kroger ... [decades ago, i bailed on having anything to do with walgreens pharmacy services: ridiculously expensive, inaccurate, unhelpful and surly personnel ... my own personal motto for walgreens is: “If we can F it up, we will!”
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.