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Message

re: Walgreens is closing 1,200 stores

Posted on 10/15/24 at 10:37 am to
Posted by cubsfinger
On The Road
Member since Mar 2017
1833 posts
Posted on 10/15/24 at 10:37 am to
Well yesterday at gause and military they apparently had a murder suicide.
Posted by MikeyWM97
Pineville
Member since Aug 2022
387 posts
Posted on 10/15/24 at 10:39 am to
quote:

They went from reasonably competent, courteous techs at pharmacy to clearly incompetent techs who checked boxes over the span of a year. I wasn't the only one in my area who noticed, and a lot of people who had insurance alternatives made the switch too.


Not sure the root cause, but we noticed the same thing. It got so difficult to get a script filled and picked up, that we switched to a different pharmacy. All happened over a relatively short period of time, less than a year.

For a place like Walgreens, if your pharmacy is no good, then your foot traffic will drop off significantly. All points back to whatever changes they made in the pharmacy department.
Posted by WillieD
Lafayette/BR
Member since Apr 2014
2954 posts
Posted on 10/15/24 at 10:41 am to
Exactly
Posted by TheWalrus
Land of the Hogs
Member since Dec 2012
46135 posts
Posted on 10/15/24 at 10:44 am to
Pharmacy techs making the same wages as fast food and regular retail workers likely contributes. When you raise the bottom wages but not the wages just above, there is no incentive to upskill.
Posted by Billy Blanks
Member since Dec 2021
4962 posts
Posted on 10/15/24 at 10:47 am to
quote:

I went local pharmacy from Walgreens a few years ago. They close early on Saturday and are closed on Sunday but the staff knows who the hell I am and knows the staff at my Dr’s offices. If there is a problem we all work it out.

National chains can’t offer that type of connection. As far as OTC and retail stuff the Dollar General(a clean one) is a way better stop.


This. We made the switch to a local one this year. Will NEVER go back to national chains again.
Posted by Misnomer
Member since Apr 2020
3663 posts
Posted on 10/15/24 at 10:51 am to
We are going to continue to see more of these closures with central filling, automation, remote verification and other technology improvements. The Pharmacist profession is already experiencing a glut, which will explode over the next few years with more retail closures. In five years, I think 1/3 of retail pharmacists will become stranded assets.

Source: burned out community retail pharmacist who turned to compounding. If you know any young people interested in becoming a pharmacist, tell them not to do it. There aren't nearly enough jobs for the people they are graduating from all of these expensive Pharmacy schools.
Posted by HogPharmer
Member since Jun 2022
3366 posts
Posted on 10/15/24 at 10:59 am to
The root cause of this is shitty reimbursements from PBMs. Poor reimbursements (many of which are below acquisition cost) causes pharmacies to make cuts in staffing. And it's difficult to incentivize quality worker's to stay when there's literally no money there for raises. Therefore there's a bigger burden on the staff that is there to keep up with workflow, answer phone calls, contact doctor's offices, give vaccines. Couple that with an overall less patient and shittier customer base (not saying everyone is shitty, but since Covid, people in general have just become so much angrier at everything--on both sides of the counter), this leads to an extremely fast burnout and high employee turnover. Especially when you can go serve brisket sandwiches at Buckee's and get paid more than a pharmacy tech makes.

Also, I'm not defending Walgreen's per se. I'm mostly speaking from a general retail sense. When reimbursements are dictated by PBMs, there is no leverage for pharmacies. There has to be some sort of reform otherwise this will continue to happen to all pharmacies, not just big chains. Independents are closing left and right as well, unfortunately.

I can't stand Walgreens as a pharmacist myself. But I do sympathize with the employees somewhat. The CEO's are still going to make their millions while their stores and staff suffer.
Posted by LegendInMyMind
Member since Apr 2019
71043 posts
Posted on 10/15/24 at 11:01 am to
That's a whole lot of high dollar corner real estate about to hit the market.
Posted by Miketheseventh
Member since Dec 2017
6737 posts
Posted on 10/15/24 at 11:05 am to
quote:

K&B

That’s a name I haven’t heard for a long time
Posted by Codythetiger
Arkansas
Member since Nov 2006
30194 posts
Posted on 10/15/24 at 11:14 am to
The one beside our neighborhood we had to stop using because it was taking over an hour just to pick up a prescription. Idk if it was staffing shortage or what, but I used to go with my wife to pick up her meds and after the 2nd time, I just stayed home.

We use the pharmacy across the road now and it's a local spot, much quicker and cheaper and family owned.
Posted by MyRockstarComplex
The airport
Member since Nov 2009
4859 posts
Posted on 10/15/24 at 11:14 am to
If this market is oversaturated, I’m sure some off-brand mattresses need a storefront.
Posted by statman34
Member since Feb 2011
3571 posts
Posted on 10/15/24 at 11:55 am to
quote:

K&B poised for a glorious revival!


Boy do I wish! No drug store has ever been close to them in terms of what a drug store should be
Posted by When in Rome
Telegraph Road
Member since Jan 2011
36146 posts
Posted on 10/15/24 at 11:57 am to
That’s a shame. I actually generally like Walgreens and think it’s vastly superior to CVS. Still use a local pharmacy for prescriptions for the most part but Walgreens is great in a pinch.
This post was edited on 10/15/24 at 11:58 am
Posted by Bottom9
Arsenal Til I Die
Member since Jul 2010
24355 posts
Posted on 10/15/24 at 12:00 pm to
The one on Jones Creek and Coursey is a fricking disaster
Posted by OMLandshark
Member since Apr 2009
119977 posts
Posted on 10/15/24 at 12:04 pm to
The one three blocks down from me is one of them.
Posted by East Coast Band
Member since Nov 2010
66870 posts
Posted on 10/15/24 at 12:06 pm to
Maybe they shouldn't mark up items like batteries at 50% higher than what you you pay online for the same thing
Posted by TripleBarrelBluff1
Sin City
Member since Aug 2024
2430 posts
Posted on 10/15/24 at 12:10 pm to
quote:

I can't stand Walgreens as a pharmacist myself. But I do sympathize with the employees somewhat. The CEO's are still going to make their millions while their stores and staff suffer.


Posted by BluegrassBelle
RIP Hefty Lefty - 1981-2019
Member since Nov 2010
105854 posts
Posted on 10/15/24 at 12:11 pm to
quote:

Also, I'm not defending Walgreen's per se. I'm mostly speaking from a general retail sense. When reimbursements are dictated by PBMs, there is no leverage for pharmacies. There has to be some sort of reform otherwise this will continue to happen to all pharmacies, not just big chains. Independents are closing left and right as well, unfortunately.


It's the same issue we're seeing in the therapy/psych field. Insurance keeps lowering reimbursement, especially on specific CPT codes, and a lot of folks in private practice are moving to private pay/no insurance as a result. Its becoming untenable for providers to stay open and take insurance.
Posted by LSUDAN1
Member since Oct 2010
10824 posts
Posted on 10/15/24 at 12:16 pm to
quote:

K&B poised for a glorious revival


Bring them back for the ice cream.
Posted by VaBamaMan
North AL
Member since Apr 2013
8010 posts
Posted on 10/15/24 at 12:56 pm to
Interesting timing here. All of these pharmacies suddenly in trouble after the major crackdown on opioids. Makes you wonder what was really driving revenue.

edit: was being somewhat facetious
This post was edited on 10/15/24 at 12:58 pm
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