This is called journalism today

[Finklejag]

Read the headline, than way down in the so called article it states Walgreens hasn’t decided what stores it’s closing.

www dot timeout dot com/usa/news/heres-the-full-list-of-walgreen-stores-that-are-closing-permanently-and-why-102124

[edit] moderator purposely broke the link because it's a made for advertising site. These sites are garbage and we don't want links to them on BITOG.

 

[bullwinkle]

Literally copied & pasted from several other sources, too!

 

[LenZee]

Support your local independent pharmacy! In my town CVS and Walgreens had random closings when the pharmacy crews quit or walked out. My daughter is a pharmacy tech and started at CVS, They treat their workers horribly and pay crap. She left CVS and instantly doubled her pay at a local independant! These mega pharmacys are trying to run independants out of business.

 

[cptbarkey]

You found a junk advertising website that poaches some real news but mostly sells advertising. Society has boiled down to grabbing your money in one way or another.

 

[Pablo]

Read the headline, than way down in the so called article it states Walgreens hasn’t decided what stores it’s closing.

Yeah that Walgreen's "story" sure grew legs - popped up on all kinds of clickbaits.

Then you walk in some Riteaids. Nothing on the shelves. Hmm.......

 

[billt460]

It's not just Walgreens who are closing stores. Retail in general is taking a big hit across the board. Many of these places simply overbuilt, and now can't sustain business spread so far and thin. I suspect Home Depot, Lowe's, and Best Buy are going to contribute to this list. It's only a matter of time.

• Walgreens: 1,200 stores
• Family Dollar: 600 stores
• 7-Eleven: 400 stores
• CVS: 300 stores
• LL Flooring: 200 stores
• Foot Locker: 113 stores
• Express: 107 stores
• Rite Aid: 77 stores
• Conn’s: 71 stores
• Macy’s: 50 stores
• Big Lots:Between 35 and 40 stores
• Foxtrot: 33 stores
• Walmart: 7 stores
• TJX: 3 stores

 

[PF52]

Read the headline, than way down in the so called article it states Walgreens hasn’t decided what stores it’s closing.

I'd be embarrassed to have my name anywhere near that article. It reminds me of the kind of fluff we'd pad our essays with in Junior High, if we hadn't done our homework and didn't know the subject.

 

[Pablo]

It's not just Walgreens who are closing stores. Retail in general is taking a big hit across the board. Many of these places simply overbuilt, and now can't sustain business spread so far and thin. I suspect Home Depot, Lowe's, and Best Buy are going to contribute to this list. It's only a matter of time.

• Walgreens: 1,200 stores
• Family Dollar: 600 stores
• 7-Eleven: 400 stores
• CVS: 300 stores
• LL Flooring: 200 stores
• Foot Locker: 113 stores
• Express: 107 stores
• Rite Aid: 77 stores
• Conn’s: 71 stores
• Macy’s: 50 stores
• Big Lots:Between 35 and 40 stores
• Foxtrot: 33 stores
• Walmart: 7 stores
• TJX: 3 stores

I doubt HD (or Lowe's) will close many. Some on your list (LL, Big Lots, FD) were just lousy biz models. A decent number are near more crime ridden areas and sadly deprive people in the area a place to shop.

That said, stores open and close and move all the time. Better to look at net store count annually.

 

[tmorris1]

This looks like the AI generated click-bait articles that show up from MS Windows news widget.

 

[Kira]

When video stores popped up, they almost immediately began closing.
There you had population density openings and "tech advancement" closings.

Between Glens Falls, NY and Burlington, VT, an ~120 mi. stretch, a Lowe's opened in Ticonderoga, NY.
It didn't last 2 years. Even the big boys err.
In short. the local lumber yards and hardware stores were enough.

How many newer tattoo parlors have closed already? Fad fade and service saturation?

I just want to know the tipping point for overhead to cash flow.

 

[ls973800]

It's not just Walgreens who are closing stores. Retail in general is taking a big hit across the board. Many of these places simply overbuilt, and now can't sustain business spread so far and thin. I suspect Home Depot, Lowe's, and Best Buy are going to contribute to this list. It's only a matter of time.

• Walgreens: 1,200 stores
• Family Dollar: 600 stores
• 7-Eleven: 400 stores
• CVS: 300 stores
• LL Flooring: 200 stores
• Foot Locker: 113 stores
• Express: 107 stores
• Rite Aid: 77 stores
• Conn’s: 71 stores
• Macy’s: 50 stores
• Big Lots:Between 35 and 40 stores
• Foxtrot: 33 stores
• Walmart: 7 stores
• TJX: 3 stores

K-Mart just closed their last full sized store here in the United States the other day.

The Bridgehampton store, about 95 miles east of Manhattan, closed its doors for the final time Sunday night, leaving only one smaller store with a limited selection in Miami left in operation. The company has other stores in Guam and the U.S. Virgin Islands.

 

[Finklejag]

[edit] moderator purposely broke the link because it's a made for advertising site. These sites are garbage and we don't want links to them on BITOG.

Sorry

 

[Number_35]

Twenty years ago I commented that almost every new building here seemed to be either a drug store or a condominium complex.

Now it seems to be apartment buildings, tattoo parlours, and pot stores.

Times change.

 

[Leo99]

Twenty years ago I commented that almost every new building here seemed to be either a drug store or a condominium complex.

Now it seems to be apartment buildings, tattoo parlours, and pot stores.

Times change.

I'll make my prediction that we've created the country's largest money laundering system by legalizing cannabis, but making it cash only due to the banks (credit cards) not getting involved due to federal laws.

 

[Number_35]

I'll make my prediction that we've created the country's largest money laundering system by legalizing cannabis, but making it cash only due to the banks (credit cards) not getting involved due to federal laws.

I don't know if that's the case here. Interesting premise for sure, with huge potential for unintended consequences.

 

[Pablo]

I'll make my prediction that we've created the country's largest money laundering system by legalizing cannabis, but making it cash only due to the banks (credit cards) not getting involved due to federal laws.

The odd thing is a lot of people thought they would make money on pot. Nope.

I did make some quick turn money on a pot REIT but that thing changed names and slid. Avoid now.

 

[dubber09]

Maybe some kid used AI to make that garbage article for that garbage site.

 

[alarmguy]

The pharmacy business isn’t going anywhere.
There will always be shuffling around. Some people will go to mail order but it’s just standard business practice.

It makes great headlines, but it doesn’t indicate the direction of the economy.
The pharmacy business is as robust as ever and will continue to be.

Let’s put it in perspective, Walgreens has 8000 stores they’re closing 1200.
CVS has closed 900 over the last three years.

Many of these stores are dinosaurs with convenience items people no longer purchase from them because the prices are not competitive. On such a small scale, the pharmacy chains cannot match the competitiveness of the big box retailers, which are now doing home delivery.

Still, the bottom line is they will always be around. I do expect maybe some downsizing in the size of the stores.

One thing for sure with the eating habits of Americans and the aging population of this country prescription drugs will continue to still grow by leaps and bounds. Being we will continue to live longer than ever as we do there will be more ailments to take care of.

The only unanswered question like in any retail business, moving forward, who will have the better business model for maximum profit.

 

[cptbarkey]

I'll make my prediction that we've created the country's largest money laundering system by legalizing cannabis, but making it cash only due to the banks (credit cards) not getting involved due to federal laws.

Bitcoin already created an international version of it.

 

[Leo99]

Bitcoin already created an international version of it.

Yes! That and high value art work.