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Started By
Message
re: CVS Closing 900 Stores Due To Rampant Increase In Shoplifting
Posted on 9/26/23 at 9:44 am to Fun Bunch
Posted on 9/26/23 at 9:44 am to Fun Bunch
quote:
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
I tend to agree. But if the "online shopping" focus is basically reducing the footprint and having more third party local delivery, that may be genuine.
They can presumably feed more inventory to handle that demand to existing stores. I have no clue how many people are opting to get CVS deliveries from Shipt and ubereats, but it would make more sense than the alternative.
2
Posted on 9/26/23 at 9:45 am to Fun Bunch
quote:
If I need something from them, I will never ever think about getting online from them. The thought would never occur to me.
Same. I don't think I've ever visited a drug store website.
Posted on 9/26/23 at 9:45 am to Pettifogger
I imagine CVS’s online pharmacy is pretty big. My last two insurance companies contracted with their online services to provide reduced cost prescriptions when you ordered a 60-90 day+ supply.
Posted on 9/26/23 at 9:46 am to Areddishfish
I agree CVS is over priced but they do send 35% off entire order coupons and 40% off one item coupons on the regular. My wife uses an insanely expensive shampoo so I stock up on it when I get these coupons. It becomes cheaper than any place online.
Posted on 9/26/23 at 9:47 am to Areddishfish
quote:
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.
Doubtful.
Thanks to PBMs stand alone pharmacies are not profitable
Posted on 9/26/23 at 9:47 am to Fun Bunch
quote:
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
I use online quite a bit. As long as it's not something that you need immediately it's fine. I've stopped ordering any personal care products from Amazon. The amount of counterfeit items on there i ridiculous.
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 10:21 am to fightin tigers
quote:
CVS just bought all the Win. Dixie pharmacies as well
Brookshire businesses
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 10:38 am to fightin tigers
quote:the Winn Dixie pharmacy where my mom gets her stuff is moving her prescriptions to Walgreens
CVS just bought all the Win. Dixie pharmacies as well.
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.
Posted on 9/26/23 at 11:04 am to Nolalakeview
About what is takes to get out of a Walgreens in Bham. They have no security and don't care about the paying customers.
Posted on 9/26/23 at 11:32 am to Nolalakeview
Pharmacy Deserts
Posted on 9/26/23 at 11:36 am to Quatrepot
quote:
But but, where will minorities, without vehicles, buy their supplies?
The Chicago politicians have indicated they will need to replace bankrupt stores with government run stores. This will require funding by a "Grant" from the Government.
Isn't that Communism?
Posted on 9/26/23 at 11:37 am to UnluckyTiger
quote:Add that to the crappy service and there ya go.
But it's cool, they have insurance!
They account for these losses in their yearly budgeting!
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