Naw, just a move to Dollar General.
Is the former Long’s Drugs going out of business?
Drugstores have been overbuilt for a long time, the big grocery chains have hurt them badly with their pricing ability and one-stop convenience.
Rite Aid was the first to fail.
The BLM/ANTIFA terrorists stealing too much of their stuff and getting away with it?
Go ask Dementia Joe for your money, CVS.
This is what The Pandemic™ was all about.
A market grab and power grab.
Exploitation of fear via media/info monopoly.
Minimum wage hikes haven’t helped.
Of course it should be noted that Amazon is ‘Our Friend.’
I sometimes see Walgreens and CVS blocks apart. I also suspect CVS over-expanded since I can find three of them within a 3 minute drive.
When will we begin to hear the lament about wealth redistribution (shoplifting) deserts?
There are about 10,000 (9967) CVS outlets in 27 states. This represents about 9% of all their stores.
Not sure of their current status, but CVS and other drug stores insisted on a mask last year. Perhaps there was no way around it, but now when I need a birthday card or OTC medicine I can pick it up at the grocery store.
I have to believe that part of this is because they’ve driven some customers away.
This is all about eliminating legalized shoplifting, armed robberies, and assaults on employees.
CVS has failed. Good riddance.
They’re going broke printing out receipts (literally) 3ft long
The drug stores are places to get drugs and then pay ridiculously inflated prices for products you can get at a grocery store for a lot less. That’s why they are going down. And also there are way way way too many of them. There are like 8 within 2 miles of my house.
Add in online shopping and drug stores are going to fail in large numbers. Has nothing to do with wokeness and feral shoplifting. The shoplifting problems are localized to a few woke cities. Try shoplifting in Utah or Idaho if you don’t believe this.
Walgreen’s has been closing stores near me, before and after Covid_CCP. That whole retail sector expanded too much into oversized retail spaces. I don’t get it, but I see old ladies there all the time buying edibles and other stuff at high prices. This goes for all these chain drugstores.
Be interesting to find out the location of the stores to be closed…..I bet that will be enlightening.
CVS was building stores all over the place, probably without doing a thorough analysis of their viability. Obviously at times only because there was a Walgreens nearby.
After such a ballooning expansion, a contraction is natural.
I do not see how they have made it this long.
Based on my shopping patterns I don’t see how many brick an mortar stores stay in business. I also don’t see how we can afford to deliver cat food much longer. I get about 50# worth delivered to the door every 5 weeks included in the discounted price compared to what I pay at local sources and I don’t have to settle for what is available.
Most supplies I buy online because going to town to get them is a multi-store scavenger hunt that hardly ever ends up with just what I need but what I settle for. At Tractor Supply the standard answer to “did you find everything you need?” is “NO, I found some of what I can make do.” I tell local merchants that hopefully suggest they can order what they don’t have that I can’t buy what they don’t stock and can order it myself with far less hassle. it is sad really. Small business is the bedrock of some of our communities but also the owners have been the most well off people around us.
However, the one in the nearby larger town always has business.