Скачать или смотреть WHY Pharmacy Chains Across The U.S. Are Shutting Down!! At Rapid Pace!!

Why Walgreens, CVS and Rite Aid are closing thousands of drug stores across America.

Walgreens plans to close a “significant” number of its roughly 8,600 stores in the United States. Around 25% of Walgreens’ stores aren’t profitable, and the chain will look to close stores that are right by one another or struggling to deter theft.

Walgreens and other retailers have been hit by shoplifting and resorted to locking up items or closing high-theft stores since the pandemic, but Walgreens’ problems are much deeper, including competition and failed growth strategies.

The latest closures are part of a larger downturn, not just for Walgreens, but for other drug store chains like CVS and Rite Aid, who after years of expansion. Walgreens said in 2019 it would close 200 stores and last year announced an additional 150 store closures. #baddecision