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.
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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 ...
My insurance wants me to get my prescriptions mailed (via USPS) instead of going to a pharmacy.
Yup. Also a lot of people losing their/one of their jobs.
Many larger companies adopted the Wal-Mart model.
Sadly, they did. In the 1990’s I was part of many “growth through acquisition” efforts.
Wal-Mart started with a great and good model: Bring products from around the nation to all Wal-Mart stores across the nation. They gave the small manufacturer shelf space. Once Sam died, that model became predatory and they also sold out the USA to China.
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