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Started By
Message
Walgreens Meltdown: 700 Stores Set to Close as Inflation Crushes Retail Giants
Posted on 8/16/24 at 3:13 pm
Posted on 8/16/24 at 3:13 pm
quote:
Walgreens is one of the latest companies to be struck down by the challenges of inflation. American families and company owners are all facing a similar fate. Here’s what happened.
quote:
The spokesperson for Walgreens has announced the company’s plan to close almost 700 branches throughout the country because of inflation costs.
https://www.msn.com/en-us/money/companies/walgreens-meltdown-700-stores-set-to-close-as-inflation-crushes-retail-giants/ss-AA1oMSqG
38
Posted on 8/16/24 at 3:15 pm to loogaroo
Organized. Retail. Theft.
Posted on 8/16/24 at 3:17 pm to loogaroo
Wow, Rite-Aid is pretty much packing up shop here. I thought pharmacies printed money.
Posted on 8/16/24 at 3:19 pm to Bunk Moreland
Rite aid shut down this year and Walgreens is about to shut down here in my town. Nice job dems
Posted on 8/16/24 at 3:19 pm to loogaroo
Wasn't this announced a couple months ago?
I recall the reason is because they overbuilt and all the pharmacies were building across the street from each other, and Walgreen's is the first one to say Uncle and start pulling back.
I recall the reason is because they overbuilt and all the pharmacies were building across the street from each other, and Walgreen's is the first one to say Uncle and start pulling back.
Posted on 8/16/24 at 3:19 pm to Bunk Moreland
IIRC, Rite Aid in particular got bent over with the opiate lawsuits.
I want to say they got accused of being a pill mill for those scrips.
I want to say they got accused of being a pill mill for those scrips.
Posted on 8/16/24 at 3:23 pm to loogaroo
Sounds like we need $50 min wage to save these jobs.
Posted on 8/16/24 at 3:24 pm to loogaroo
I'm sure Kamala's price controls would fix this! 
Posted on 8/16/24 at 3:24 pm to loogaroo
The Walgreens that is closest to me was really good, but over the last couple of years the pharmacy started to suck badly. They were making mistakes all of the time with our prescriptions. We finally got fed up with them and moved our stuff to a mom and pop place and have thusfar have had no issues with them.
I miss K&B though. In one stop you could get your medication, get a gallon of ice cream, and a six pack of nasty, cheap-arse beer.
I miss K&B though. In one stop you could get your medication, get a gallon of ice cream, and a six pack of nasty, cheap-arse beer.
Posted on 8/16/24 at 3:24 pm to loogaroo
Noooo I like Walgreens over CVS
Posted on 8/16/24 at 3:29 pm to Bunk Moreland
quote:
I thought pharmacies printed money.
Not really they make money on other crap
But places like dollar general are stealing those customers
Posted on 8/16/24 at 3:31 pm to TheFonz
The Walgreens closest to me is pitiful and they could care less
Posted on 8/16/24 at 3:34 pm to loogaroo
I dont know if it is inflation but Walgreens and CVS SUCK at filling prescriptions. Drop one off and expect to wait a minimum of 45 minutes.
Where my local pharmacist gets me in and out in about 5 minutes. His hours arent what the big chains are so I only use them for emergencies. If I can wait till Brian opens I will wait.
And Brian is an Auburn guy but I dont hold it against him.
Where my local pharmacist gets me in and out in about 5 minutes. His hours arent what the big chains are so I only use them for emergencies. If I can wait till Brian opens I will wait.
And Brian is an Auburn guy but I dont hold it against him.
Posted on 8/16/24 at 3:34 pm to Kattail
How much less could they care?
Posted on 8/16/24 at 3:36 pm to Kattail
quote:
The Walgreens closest to me is pitiful and they could care less
They’re setup to fail.
Wags doesn’t give you enough hours of personnel to work it adequately so everyone is doing the job of multiple people. And you get so behind, there is no reason to work super hard bc you won’t ever get caught up
Plus they don’t give raises and will cut your hours of the help they do give you so the trained people end up leaving bc they have bills to pay and the vicious cycle of hiring people and attempting to retrain them goes on and on
It’s such a shitshow and maybe the most demoralizing soul crushing place to work
People are fricking arseholes and they’re so mean and nasty.
This post was edited on 8/16/24 at 3:38 pm
Posted on 8/16/24 at 3:40 pm to loogaroo
This is how you Build Back Better.
Posted on 8/16/24 at 3:41 pm to loogaroo
Walmart and Amazon (maybe a local pharmacy) will soon be our only choices.
Posted on 8/16/24 at 3:43 pm to loogaroo
Why are they closing? I thought they were price gouging and getting rich. Kamala gonna fix this.
Posted on 8/16/24 at 3:44 pm to loogaroo
Walgreens is shutting down stores that are underperforming.
While inflation might be one factor in the underperformance, as is organized retail theft, there are many other factors at play like location, market saturation and the overall business model.
While inflation might be one factor in the underperformance, as is organized retail theft, there are many other factors at play like location, market saturation and the overall business model.
Posted on 8/16/24 at 3:47 pm to loogaroo
The walgreens at the corner of Airline and Greenwell is empty with the lights on.
I pass it every morning at 4:30 AM on the way back from work from the construction job and its' emptiness is jarring.
When walgreens was first re building out and putting a new store on just about every corner I told people that this company is overbuilding way too much.
I pass it every morning at 4:30 AM on the way back from work from the construction job and its' emptiness is jarring.
When walgreens was first re building out and putting a new store on just about every corner I told people that this company is overbuilding way too much.
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