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Message
CVS Closing 900 Stores Due To Rampant Increase In Shoplifting
Posted on 9/26/23 at 9:32 am
Posted on 9/26/23 at 9:32 am
43
Posted on 9/26/23 at 9:33 am to Nolalakeview
But it's cool, they have insurance!
They account for these losses in their yearly budgeting!
They account for these losses in their yearly budgeting!
This post was edited on 9/26/23 at 9:34 am
Posted on 9/26/23 at 9:34 am to Nolalakeview
quote:
Focusing more on online shopping.
Here's the thing about places like CVS or Walgreens:
If I need something from them, I will never ever think about getting online from them. The thought would never occur to me.
I'm either going to the store or getting it on Amazon
Posted on 9/26/23 at 9:34 am to Nolalakeview
Not closing any in my suburban Texas neighborhood...
We're full by the way...
We're full by the way...
Posted on 9/26/23 at 9:35 am to Nolalakeview
But but, where will minorities, without vehicles, buy their supplies?
Posted on 9/26/23 at 9:35 am to Nolalakeview
They've gone from retail deserts to food deserts to now medicine deserts.
How much longer before the water utilities peace out and they turn into actual deserts?
Posted on 9/26/23 at 9:36 am to Nolalakeview
quote:
CVS Closing 900 Stores Due To Rampant Increase In Shoplifting
This will be translated as Systemic Racism at some point.
Posted on 9/26/23 at 9:36 am to Nolalakeview
CVS and Walgreens are evil. May they burn in hell.
Posted on 9/26/23 at 9:36 am to Nolalakeview
quote:people shop CVS online?
Focusing more on online shopping.
Posted on 9/26/23 at 9:37 am to Nolalakeview
Is it shoplifting or is it that they put a Walgreens or CVS on every fricking corner there’s an inch of space open?
Posted on 9/26/23 at 9:38 am to Nolalakeview
quote:
Focusing more on online shopping
Who online shops on CVS?
Posted on 9/26/23 at 9:39 am to Nolalakeview
At some point, the CVS and Walgreens type place will switch to being pure pharmacies. When I've seen branches in hospitals and the like, they will have some of the OTC meds and that's it aside from the prescription side. The convenience store method will be gone in time. Aside from being way overpriced, that will cut down on the riff raff crowd if they only offer OTC and prescriptions.
Posted on 9/26/23 at 9:51 am to Nolalakeview
They have 2 employees per store. You practically have to hunt somebody down to check out. They have been promoting shoplifting for years.
Posted on 9/26/23 at 9:54 am to Nolalakeview
quote:
COVID helping turbocharge the popularity of online shopping.
Online as in, ordering RX from Canada.
For less than the cost of a 30 day RX prescription in the US., I get a 90 day supply from Canada.
More customers are getting prescriptions filled online
quote:
Thousands of stores across the US have been forced to lock up basic products like toothpaste and deodorant following a spike in shoplifting. As of April 2023, stores had lost an estimated $86.6 billion to retail theft in 2022
What do you expect? There are no consequences when they steal...they do nothing!
Posted on 9/26/23 at 10:02 am to Nolalakeview
Just imagine if they were still selling cigarettes. It would be 2900 stores closing. 
Posted on 9/26/23 at 10:13 am to Nolalakeview
I think the thieves will push all retailers in this direction. They’ll have one local brick and mortar depot for returns and maybe a secure showroom, but otherwise they’ll peddle their wares online. No rent to pay on multiple locations, wages, insurance, lawsuits from slip and falls, fights with employees, or shrink from rampant and unpunished theft.
Posted on 9/26/23 at 10:28 am to Nolalakeview
And yet, they wonder why there are no grocery stores or businesses in their neighborhoods.
They know, they just don't want to admit it.
They know, they just don't want to admit it.
Posted on 9/26/23 at 10:40 am to Nolalakeview
Take a look at what their real estate is worth.
The one that is closest to me opened 20ish years ago when there was little in the area. Then, CVS paid $3.5 million for the corner lot the building sits on. In those 2+ decades since that store was built the area has boomed and property value has skyrocketed. I imagine many of their stores are similar.
The one that is closest to me opened 20ish years ago when there was little in the area. Then, CVS paid $3.5 million for the corner lot the building sits on. In those 2+ decades since that store was built the area has boomed and property value has skyrocketed. I imagine many of their stores are similar.
This post was edited on 9/26/23 at 10:50 am
Posted on 9/26/23 at 10:52 am to Nolalakeview
Shoplifting may be affecting some stores, but CVS, Rite Aid & Walgreens are being more affected by the increases in prescriptions by mail and the rise of the dollar stores (for food items & general merchandise it tries to sell in their stores).
Posted on 9/26/23 at 11:01 am to Nolalakeview
No doubt that a part of the reason CVS would shutter store for shoplifting, but I don't think it's the only reason, especially since all the pharmacies in Target store fall under the CVS brand.
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