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Read previewDrugstores like CVS, Walgreens, and Rite Aid have long been the spots where you can pick up essentials like a can of soup or some Tylenol in addition to your prescriptions. Another appears to show a Rite Aid store with an even wider selection of locked-up merchandise, including tortilla chips and microwavable ramen. Rite Aid did not immediately respond to a request for comment. She said she even avoids taking orders that involve shopping at one particular Walgreens store due to all the locked-up goods there. Do you work at CVS, Walgreens, Rite Aid, or another drugstore chain and have a story idea to share?
Persons: , that's, Neil Saunders, Saunders, Duane Reade, Walgreens execs, Tim Wentworth, GlobalData's Saunders, dreuter@businessinsider.com Organizations: Service, Walgreens, Rite, Business, Global, CVS, Rite Aid, Companies, Walmart, Target Locations: Brooklyn , New York, Nevada
Why your local pharmacy may be closing
  + stars: | 2024-06-28 | by ( Dominick Reuter | ) www.businessinsider.com   time to read: +3 min
Read previewThursday's news that Walgreens will close a "significant" number of underperforming stores threw a spotlight on struggles facing the retail pharmacy industry. Related storiesIn short, regardless of which national pharmacy brand you pick, there's a fair chance the location in your neighborhood could close, if it hasn't already. For starters, retail pharmacies make money in two key ways: by dispensing prescription medication and ancillary medical services, and by selling an assortment of merchandise in their "front of house" retail stores. But even if things were going well for Walgreens, Wentworth suggested there would likely still be quite a few closures. "I think most of us knew — when I was in the PBM [pharmacy benefit management] business — I knew that retail pharmacy was largely overbuilt for where the future was going to be."
Persons: , Tim Wentworth, Wentworth, Manmohan Mahajan, execs, Neil Saunders Organizations: Service, Walgreens, Business, CVS
Walgreens renovated a store in Chicago and moved most of the products off the shop floor. This could help the company cut down on theft amid a rise in organized retail crime. The company told the Sun-Times that the redesigned store in South Loop had more staff than the average store. Some customers told local news site Block Club Chicago that they felt the store had been redesigned to cut down on theft. Moreover, Kehoe said that theft isn't as much of a problem at Walgreens stores as it was.
Persons: , CWB, James Kehoe, Kehoe Organizations: Walgreens, Service, Chicago Sun, Times, Sun - Times, Block, Chicago Locations: Chicago, South, CWB Chicago
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