A cost-cutting move to save $500M after merging with European company Alliance Boots:
http://www.clarionledger.com/story/money/business/2015/04/09/walgreens-closing-200-stores-earnings/25512125/
So now there will only be one on every *other* corner in some places. My god, how will people survive?
I'm sure CVS will be relieved.
Not that there aren't way too many of all these stores (and too many blocks of good buildings leveled to put them in) but Walgreen's really beats CVS on price, if not selection. I periodically visit a CVS next to a Walgreen's, then walk over to the Walgreen's and make the purchase there. (The CVS has better parking and hours, so they at least get a shot.)
Seems like converting the 200 shuttered Walgreens into CVS is a no brainer.
:pan:
Quote from: Jardine on April 09, 2015, 05:35:33 PM
Seems like converting the 200 shuttered Walgreens into CVS is a no brainer.
:pan:
Nah, they'll end up being carpet or tile places, then go out of business a year or two later.
I'm pretty sure you may even see a few churches popping up... :biggrin: :-P
RiteAid can expand their reach as well. Maybe no one will notice they're priced higher than Walgreens & CVS!
I only know of two Rite-Aids in the Jackson area. There used to be one about a mile from my home, but it became a Dollar General.
Quote from: Pete from Boston on April 09, 2015, 04:51:22 PM
Not that there aren't way too many of all these stores (and too many blocks of good buildings leveled to put them in) but Walgreen's really beats CVS on price, if not selection. I periodically visit a CVS next to a Walgreen's, then walk over to the Walgreen's and make the purchase there. (The CVS has better parking and hours, so they at least get a shot.)
The thing about CVS is you have to use the loyalty card and do some extreme couponing to really get any decent deals. When I'm in a CVS, I will usually scan my card at the coupon printer and if it prints out coupons for anything that I'm low on (e.g. batteries, painkiller) I'll pick some up.
Quote from: DeaconG on April 09, 2015, 05:45:40 PM
Quote from: Jardine on April 09, 2015, 05:35:33 PM
Seems like converting the 200 shuttered Walgreens into CVS is a no brainer.
:pan:
Nah, they'll end up being carpet or tile places, then go out of business a year or two later.
I'm pretty sure you may even see a few churches popping up... :biggrin: :-P
Or bars that have cover bands that play a lot of Nickelback and Buckcherry.
IMHO,
Walgreen's and CVS are about interchangeable. I live in one of the few areas Walgreen's did not do business until a few years ago and even now the number of stores they have is limited. Other than that, its about the same.
Rite Aid, well, sucks. Rite Aid pays, both for its professional staff and its retail cashiers, the least it can get by with and treats its workers as bad as it can get by with. Thus it gets people who cannot get jobs elsewhere. Thus service is poor.
At the local Rite Aid, the cashier is also the person who helps customers on the floor; occasionally there can be a wait to check out if the cashier is assisting another customer. Thankfully, the only time I need to go there rather than the grocery store is when I need to buy my toothpaste.
I'm sure Chase Bank and 7-Eleven will have no problem occupying the vacant corners. :)