To: george76
Over expansion and market saturation.
Anyone remember the failed Grants Department Stores?
Different products but same failed business plan. Too much overhead.
3 posted on
10/23/2023 6:16:49 PM PDT by
lightman
(I am a binary Trinitarian. Deal with it!)
To: lightman
“Over expansion and market saturation.”
They should team up with a new brand and open kiosks at the southern border, millions of customers a year in small areas.
6 posted on
10/23/2023 6:20:22 PM PDT by
quantim
(Victory is not relative, it is absolute. )
To: lightman
Anyone remember the failed Grants Department Stores?
Not the same. K-Mart bought almost ALL of the WT Grant stores and were bigger still. Behemoths like Target and Wal-Mart had no problem knocking out smaller regional competitors like Ames, Venture, Caldor and eventually took out K-Mart itself.
CVS/Walgreens/Rite-Aid were trying to be a lot more than a pharmacy, and the changing economy does not support people spending $50 on junk food, trinkets and cosmetics while picking up the medicine. These behemoth knocked of the traditional drug stores, which in their day happened to have the best candy selection, only public phone around, cigars and cigarettes, and often a soda fountain/ice cream parlour.
They didn't get too big, because Amazon and Wal-Mart, their competitors, are bigger still. Some insurance companies do their best to encourage people to enroll in direct mail programs to cut out drugs altogether.
23 posted on
10/23/2023 6:57:14 PM PDT by
Dr. Sivana
("If you can’t say something nice . . . say the Rosary." [Red Badger])
To: lightman
A new CVS is about to open directly across the street from the Walgreens near where I live. Walgreens will probably be gone soon.
To: lightman
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