‘My kids go to Costco now,’ and other reasons Rite Aid, Walgreens and CVS are hurting
6 months, 2 weeks ago

‘My kids go to Costco now,’ and other reasons Rite Aid, Walgreens and CVS are hurting

LA Times  

These are tough days for pharmacy chains. In June, Walgreens’ chief executive said about a quarter of the company’s 8,600 U.S. stores were underperforming and that a “significant number” of them could be closed. “Rite Aid is more for when you realize last minute you need nail polish.” Other customers in the store said the shelves have been empty for at least two months. “The remaining Rite Aid stores face a lot of the challenges that they were facing when they were trying to bridge with Walgreens,” Tanquilut said. Tanquilut said the closing of locations could help CVS, Walgreens and Rite Aid weather the harsh industry conditions that have prompted cost-cutting measures.

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History of this topic

Large US pharmacy chain to close more stores
8 months, 2 weeks ago

Large US pharmacy chain to close more stores

China Daily  

FILE PHOTO: A Walgreens logo is seen outside its store in New York City, September 18, 2013. REUTERS/Mike Segar /File Photo Walgreens, one of the largest pharmacy chains in the United States, announced plans on Thursday to close a substantial number of its approximately 8,600 locations over the next three years because they are "underperforming". We are at a point …

Walgreens to take a hard look at underperforming stores, could shutter hundreds more
8 months, 2 weeks ago

Walgreens to take a hard look at underperforming stores, could shutter hundreds more

Associated Press  

Walgreens is finalizing a plan to fix its U.S. business that could result in closing hundreds of additional stores over the next three years. CEO Tim Wentworth told analysts Thursday morning that “changes are imminent” for about 25% of the company’s stores, which he said were underperforming. Wentworth said the company’s plan could include the closing of a “significant portion” …

Rite Aid announces 77 store closures to bring total in six months to 431 - is YOUR local pharmacy affected?
1 year ago

Rite Aid announces 77 store closures to bring total in six months to 431 - is YOUR local pharmacy affected?

Daily Mail  

Another 77 Rite Aid stores will close as part of the retailer’s voluntary bankruptcy. The closures, announced in seven court filings so far this year, will affect stores across 21 states, including California, Pennsylvania, New York and Texas. Here is how they break down per state - or scroll down to the bottom of the article for a full list …

Rite Aid’s bankruptcy plan stirs worries of new ‘pharmacy deserts’
1 year, 4 months ago

Rite Aid’s bankruptcy plan stirs worries of new ‘pharmacy deserts’

Associated Press  

Rite Aid’s plan to close more stores as part of its bankruptcy process could hurt access to medicine and care, particularly in some majority Black and Hispanic neighborhoods and in rural areas, experts say. When drugstore chains shutter stores, they often target locations in lower-income, Black and Latino neighborhoods with people covered through government-funded insurance programs like Medicaid, said Dima …

Rite Aid’s bankruptcy plan stirs worries of new ‘pharmacy deserts’
1 year, 5 months ago

Rite Aid’s bankruptcy plan stirs worries of new ‘pharmacy deserts’

LA Times  

Rite Aid’s bankruptcy plan to close more stores raises concerns about how that might hurt access to medicine and care. Rite Aid’s plan to close more stores as part of its bankruptcy process could hurt access to medicine and care, particularly in some majority Black and Latino neighborhoods and in rural areas, experts say. When drugstore chains shut stores, they …

CVS, Walgreens are locking up more products behind plexiglass, but that won't stop pharmacy chains' broader decline.
2 years, 4 months ago

CVS, Walgreens are locking up more products behind plexiglass, but that won't stop pharmacy chains' broader decline.

Slate  

In September, on an earnings call with investors, Rite Aid’s executive vice president of retail, Andre Persaud, floated an idea to improve the chain’s performance in New York City: turn the drugstore into one giant vending machine in order to fight shoplifting. Then came post-pandemic closures this year, and CVS’ announcement that it would shutter 900 stores over the next …

Walgreens, Rite Aid combo to spread drugstore health kick
9 years, 4 months ago

Walgreens, Rite Aid combo to spread drugstore health kick

Associated Press  

Walgreens will use its $9.41 billion takeover of rival Rite Aid to spread its philosophy on making drugstores destinations for customers looking to stay healthy or buy beauty products. But they will likely see some store closures or name changes and fewer brand choices after Walgreens Boots Alliance Inc. adds the nation’s third-largest drugstore chain to its portfolio. They also …

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