Walgreens closing a SIGNIFICANT number of it's 8600 locations

[I Really Mean It]

biden’s economy.

 

[How Sway?]

They definitely don't need as many in middle class or affluent areas. I'm not going in there to buy any of the marked up shyt in the middle of the store and I have a car so I don't need a drug store on every other corner.

Unless it's a prescription I will get anything else they sell either at the grocery store / Target or order from Amazon.

Tbh Those non drug items probably do more harm to their bottom line. It hurts more if they're not getting the right reimbursed enough to off set those losses.

 

[Ku$h Parker]

Cant dig the CVS Slander when I do the $10 Off Monthly plus all the Discounts that come with being a Regular Memberhell I salute em for pulling all Tobacco products

 

[Dem313wayz]

I was surprised when the CVS across from my job closed last month now it makes sense

 

[Saint1]

Nah Walgreens fukked up a few years ago. I forgot what it was. This has been coming.

 

[Pull Up the Roots]

Confused how you think this is s good thing, less competitions especially in our inner cities equal higher prices

It's not a good thing, but there's nothing the average person can do. The quest for infinite growth and infinite profits is killing many of these businesses. It is driving greedy corporations to close stores that don't show year-over-year growth, in order to shore up profits elsewhere. The billions in opioid lawsuit settlements they have to pay out aren't helping either. When combined with their price gouging, it's a wrap. The CEOs and the shareholders will always be alright, the average person be damned.

Normally im against price gouging but the insane amount of retail theft happens at walgreens has to account for some of their markups in this case

They lied about this.

The Shoplifting ‘Epidemic’ is a Lie

The media might want us to think society is wracked by a shoplifting ‘epidemic’ or ‘crisis,’ but when we take a look at the facts, it’s obvious that isn’t true.

www.currentaffairs.org

‘Maybe we cried too much’: Walgreens hints it exaggerated shoplifting surge

Financial chief James Kehoe admits company may have overstated purported problem, which fueled rightwing outrage over crime

www.theguardian.com

Walgreens Executive Says Shoplifting Threat Was Overstated (Published 2023)

In a call with investors on Thursday, the chief financial officer of Walgreens, James Kehoe, said “maybe we cried too much last year” over theft.

www.nytimes.com

 

[LowkeyD]

The walgreens around the corner from my old home turned into a liquor store.

 

[UWasntThere]

So? A significant number could be 35% or 50% or 60%.. the point is they are being forced to rethink their strategies.

It says 25% of stores aren't profitable and they're looking to close a significant number of those

So no probably more like 15-20% total locations

 

[Chrishaune]

I go to a drug store maybe a few times a year.

Not on any medication.

It's always only a few people inside them at the time I go.

No surprises.

 

[Pull Up the Roots]

Said this would happen years ago when the likes of @bnew were defending shoplifters and thieves. Welp

Has nothing to do with shoplifters. This is about a greedy, negligent corporation chasing profits. They already closed over 300 stores in the UK and fired 10% of their corporate workforce before this.

And they got hit with this due to their negligence:

CVS, Walgreens to pay $17.3B in opioid settlement

Pharmacy retailers also will also monitor suspicious activity going forward

www.supermarketnews.com

 

[Absolut]

Has nothing to do with shoplifters. This is about a greedy, negligent corporation chasing profits. They already closed over 300 stores in the UK and fired 10% of their corporate workforce before this.

And they got hit with this due to their negligence:

CVS, Walgreens to pay $17.3B in opioid settlement

Pharmacy retailers also will also monitor suspicious activity going forward

www.supermarketnews.com

You can put in whatever frame makes you happy. What stores you think they will be closing?

 

[Pull Up the Roots]

You can put in whatever frame makes you happy. What stores you think they will be closing?

I already proved this isn't about shoplifting and that they admitted to lying about shoplifting. It seems you need that to be true to keep your brain-dead narrative going, but it's not.

 

[Absolut]

I already proved this isn't about shoplifting and that they admitted to lying about shoplifting. It seems you need that to be true to keep your brain-dead narrative going, but it's not.

Again, you can tell granny that when she’s gotta take 2 buses to get her RX

 

[Moose_Greyjoy]

I work in healthcare, and I would say like 80% of pharmacies people use are Walgreens…this is not good at all

 

[Da Jungles]

The two closest Walmarts to me closed. They’re not around every block anymore