The impact of Pharmacy Deserts

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*story is about St. Louis, MO but the trend applies to multiple cities

Health Affairs Scholar
Volume 2, Issue 4
April 2024
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July 2024

 

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Aug 4, 2024

Why pharmacy chains like Walgreens and CVS are shuttering locations​

In its fiscal third-quarter report, Walgreens announced its plans to close a ‘significant’ amount of stores, acknowledging only 75% of its 8,600 stores were profitable. While no specific stores were tapped for closure yet, more than 2,000 locations could face the chopping block by 2027. This just the latest sign of trouble for the struggling retail pharmacy sector as CVS and Rite Aid both announced large closures in the past year. Watch the video above to learn why U.S. pharmacy chains are fighting for survival.