Posted on 05/02/2019 11:01:34 AM PDT by Red Badger
Drug store chain CVS is closing 46 locations, including three stores in Alabama.
The closures represent less than 1 percent of the chain’s 9,000 locations nationwide. Each of the closures were at stores the massive retail chained deemed “underperforming.” The Alabama locations are in Huntsville, Mobile and Montgomery.
Some of the closures have already taken place while others are underway.
Overall business remains strong, CVS said, reporting 35 percent year-over-year increase in first quarter revenues to $61.6 billion.
Here is the list via USA Today:
Alabama
Huntsville: 3115 Bob Wallace Ave SW
Mobile: 664 Schillinger Rd S
Montgomery: 2815 Lower Wetumpka Rd
Arizona
Phoenix: 7434 W Indian School Rd
California
Antioch: 3130 Buchanan Rd
San Francisco: 1285 A Sutter St
San Francisco: 995 Market St
Sun Valley: 9375 San Fernando Rd
District of Columbia
Washington, DC: 1201 Maryland Ave SW
Delaware
Wilmington: 402 N Maryland Ave
Florida
Daytona Beach: 1350 Beville Rd
North Fort Myers: 13991 N Cleveland Ave
Ocala: 1607 S Pine Ave
Palm Beach Gardens: 3168 Northlake Blvd
Hawaii
Honolulu: 1441 Kapiolani Blvd. Suite 510
Honolulu: 1401 S Beretania St. Suite 110
Illinois
Chicago: 745 W 103rd St
Chicago: 175 W Jackson Blvd
Chicago: 1620 W 59th St
Chicago: 1550 N Kostner Ave
Lincolnwood: 7179 N Lincoln Ave
North Aurora: 1015 W. Orchard Rd.
South Barrington: 100 W Higgins Rd
New York
Greenwood Lake: 123 Windermere Ave
Staten Island: 812 Forest Ave
Michigan
Detroit: 10301 Woodward Ave.
Minnesota
Brooklyn Park: 7996 Brooklyn Blvd.
Minneapolis: 1110 Hennepin Ave.
Minneapolis: 2426 W. Broadway Ave.
Missouri
Springfield: 1735 South Glenstone Ave.
New Mexico
Albuquerque: 7105 Central Ave. NE
Texas
Brownsville: 1454 Central Blvd.
Copperas Cove: 1407 E W Hwy 190
El Paso: 2525 N. Mesa St.
Katy: 3080 S Fry Rd
Newport: 4730 US Route 5
Rio Grande City: 5322 E. US Highway 83
San Antonio: 7031 Marbach Rd.
Spring: 6945 Cypresswood Dr
So???
Did they reopen the CVS store looted and burned during the Freddie Gray riots? I can imagine that store’s performance wasn’t the best.
“Drug store chain CVS is closing 46 locations, including three stores in Alabama.”
Shouldn’t have stopped selling tobacco like Prick’s stopped selling guns. Bad business decisions.
Is that good or bad?
The one in Montgomery is in a high crime area and probably had higher than normal shoplifting rates.
Too much mobile stock, I’d say.
The closures represent less than 1 percent of the chain’s 9,000 locations nationwide
People can argue about the ethics of this all day long, but it is their choice and it is not the same as a legal ban on tobacco. I’d think that a choice to be openly tobacco free would end in some inner city stores closing, while others would open in wealthier areas.
That kind of activity hurts their bottom line too.
I’ve never darkened their doorway, so not a big impact on me.
Stopping the sale of cigarettes certainly did not help their bottom line.
I read that as well... maybe my math isn’t very good but it seems like 40 is significantly less than 1% of 9000.
High cost of cash-register tapes and ink?
CVS is my go-to pharmacy, so I took a look at the closures in my state.
California
- Antioch: 3130 Buchanan Rd
- San Francisco: 1285 A Sutter St
- San Francisco: 995 Market St
- Sun Valley: 9375 San Fernando Rd
The one closest to me is he one in Sun Valley.
I suspect that one is closing because it’s in the midst of a large population of illegal aliens.
I don’t frequent that area much, so I may be off base there. As a general rule, the San Fernando Valley has drifted from White Middle Class, to mostly Hispanic and poorer Hispanic at that. It’s not hard to see an illegal alien component to that.
The store wasn’t making enough margins, so it is closing.
Makes me wonder about the San Francisco locations. As expensive as that place is to live these days, it would be hard to see that being true.
It will push their profile into more affluent areas, where fewer people smoke.
The one in Montgomery is in a high crime area and probably had higher than normal shoplifting rates.
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The three in Minnesota are in areas where whitey doesn’t want to go to.
Judging on some of the addresses I see and know the vicinities, I suspect most of these closures are in “Freddie Grays”
Like a virus . . .HOOO . . infectin for the very first time
Depends on if you have stock or prescriptions there.................
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