Posted on 07/25/2024 11:27:56 PM PDT by Secret Agent Man
Shoppers, it may be time to find a new pharmacy. Walgreens is closing up to a quarter of its 8,600 stores within the United States.
Walgreens CEO Tim Wentworth recently explained to the Wall Street Journal on June 27 that the closures would focus on locations that aren't profitable, too close to each other or stores struggling with theft.
....
According to CNN, 75% of the company's U.S. stores account for 100% of its operating income. The company will examine the remaining 25% of its 8,600 stores for closure. That equates to roughly 2,150 stores closing shop across the country over the next three years.
(Excerpt) Read more at finance.yahoo.com ...
Let me guess - the ones in Amish neighborhoods?
Big problem for retired military as Walgreens is one of the few that accepts Tricare. I used to use Kroger then they stopped, Rite-aid when tango uniform, now this. There’s still express scripts but does little good if you need it now.
Walgreens deserves to go out of business. Like almost every other American corporation these days, they are run by flaming idiots. Instead of filling maintenance meds 90 days at a time they only fill 30 days then spam the life out of you for all their goofy useless services.
Simple, in stock medicines like blood pressure or antibiotics can take them days to fill. You can literally mail order most medicines and get them faster.
I’ve never set foot in a Walgreens as our neck of the woods is too sparsely populated for them to move in. But I will say cutting 25% of their stores for the reason stated is only good business.
Our general area is primarily served by the smaller pharmacies. We do have a CVS 90 miles away and I do not like it at all.
Any void will be filled by a small operator, which in my opinion gives much better service. If the void is in a rat infested blue city with high theft rates, then that void will not be filled and the area will just have to learn how to vote differently.
There are three Walgreen's stores within 15 minutes of my house.
Very good point.
Theft has caused small items to be locked up so that they have taken the convenience, out of "convenience store".
Many people are afraid to go out shopping in city hoods, so they take the chance that delivery companies stuff will not be stolen before they can retrieve from their porch.
Many box stores, depending upon their location have eliminated self checkout for the same reasons.
Lack of punishment for "small crimes" is the reason along with the reduction of all crime to "small crime".
No punishment, no respect for the toothless law...like an old west sheriff without a gun.
Typical monopolistic corporation: Builds and builds and builds, forcing out local pharmacies, then contracts by closing the unprofitable ones.
the only surprise to me about this is how long it took ... over a decade ago, walgreens went crazy building new pharmacies in our little town, it seemed like a new one popped on every corner ... a few closed very quickly; one building even turned into a Harbor Freight ...
and then there’s the issue that walgreens charges full retail price for almost everything they sell, so given a local plethora of walmart supercenters, targets, costcos, grocery stores, and sam’s warehouses (all of whom also have discount pharmacies), i never did understand why anyone would ever shop at a walgreens or fill a prescription at one ...
We have a semi-chain pharmacy run by a family of pharmacists in town. I was pleasantly surprised when they told me they have a program to rent durable medical equipment like crutches at $0.50 per day - a LOT cheaper than buying for short term use.
The former may be your insurance not allowing a retail pharmacy to fill at 90 days. That’s the issue with mine - my doctor does order them to be able to filled at 90 days but they can’t because of the insurance...they are trying to get me to switch to mail order, but given how unreliable the post office is I’m not willing to do that...my mail gets delivered a number of places and I get other people’s mail regularly.
I write prescriptions for ninety day supplies that get filled all the time at Walgreens.
There are Orthodox Jewish “gemachs”, organizations which allow people in our community to use things like crutches and other durable medical equipment for free as long as they are needed, or for a certain time period. I also see stuff like crutches for sale at numerous thrift stores, for very little.
:(
Yep, my bet is the stores that could never make a profit because most of its goods were stolen. We have only one in my relatively small town but it does not have the theft that stores in places like Commiefornia, New Yuck, or Chitcago have and the pharmacy gets a lot of business. Hard to feel sorry for the communities that voted for leaders that turned their state/city into a chit hole.
You don’t know the half of it.
Walgreens and CVS are also engaged in price rigging and probable kickbacks, using a complicated scheme of “partnerships” with insurers, which in many cases means self-insured businesses.
Google “Pharmacy Benefit Manager (PBM)”
There was a big hearing in Congress this week about what amounts to raiding the treasury by manipulating the list of approved drugs and approved prices. But (of course) the people who thought this up are already high up in the “donor community”, so it’s likely that nothing will happen.
Other pharmacies have no problem doing it. There is no such restriction on my insurance.
I always thought these stores were overbuilt, a CVS, Walgreens and something else all right next to each other.
Pharmacy deserts?
All bowing to the 0blamacare CVS chain?
That’s a lot of street corner real estate coming on the market.
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