1,200 Walgreen's Stores will soon be DEAD TO ME !
Walgreens Boots Alliance (WBA) announced more store closures Tuesday, as the retail pharmacy giant continues to face pressure from the growth of online prescription delivery platforms and ongoing retail constraints.
Walgreens will close 500 stores next year, toward the end of the year, and reach a total of 1,200 store closings in the next three years, according to company executives on a fourth quarter earnings call today.
The number had not been previously announced, but Walgreens indicated up to 2,000 store closures coming during an earnings call in June. Walgreens stock jumped more than 12% in trading Tuesday on the news — signaling the move was no surprise, and even welcome, to investors.
The company announced fiscal fourth quarter earnings in line with expectations, with a loss per share of $3.48 compared to $0.21 in the same quarter in 2024. Revenues, meanwhile, increased 6% year over year to $37.5 billion.
Offsite Linkby Anonymous | reply 71 | October 20, 2024 10:33 PM
|
Their prices are too high - not enough sales/discounts. I go to CVS only because of their deals and discounts.
I think Walgreens is a better store than CVS - but they're not competitive.
by Anonymous | reply 2 | October 15, 2024 11:41 PM
|
In my area, the Walgreens is better than the CVS. Better prices, etc.
by Anonymous | reply 4 | October 15, 2024 11:49 PM
|
I have never been to a Walgreens or a CVS and I don't know why anyone would go.
It's very strange they fill prescriptions but also sell beer and wine and greeting cards.
It seems like a free for all for meth addicts.
by Anonymous | reply 5 | October 15, 2024 11:50 PM
|
I only go to Walgreens for flu shots and other shots, not to shop, not for prescriptions. An indie pharmacy near me is so much better than the chain pharmacies. Lower prices, they’ll order stuff they don’t stock, service is friendly and warm, and they’re the insurance whisperers - fix any Rx problem fast.
by Anonymous | reply 6 | October 15, 2024 11:55 PM
|
CVS no longer sells cigarettes. Walgreens still sells cigarettes.
by Anonymous | reply 7 | October 15, 2024 11:57 PM
|
R2 I find just the opposite. I find them much cheaper than CVS. I find CVS marks way up on their retail prices just so they can issue those 'rewards coupons' and 'sales' on the product - which only brings the price down to the every day price at Walgreens. I've comparison shopped both stores many times this summer, and this is what I found in my area.
[quote[I have never been to a Walgreens or a CVS and I don't know why anyone would go.
Because in my area , they're the only game in town located conveniently. All the independent drug stores I grew up with on every corner in my neighborhood were all pushed out / shut down by CVS before the 2000s. They targeted these locations, bought land close by / across the street and built a mega-store with a drive-thru. The corner drugstores had no choice but to close - they couldn't compete with the brand new CVS across the street. (Walgreens did this as well, but CVS was the one which always was a few steps ahead of the competition). The only way the independent stores profited in the end was selling their prescription customer base to CVS.
Drugstores can't sell liquor in my state, and CVS dropped cigarette sales about a dozen years ago.
by Anonymous | reply 8 | October 15, 2024 11:58 PM
|
Years ago, there was a great thread on here about how surly the cashiers were at Duane Reade. Since Walgreens purchased them, are the cashiers still surly?
by Anonymous | reply 9 | October 15, 2024 11:59 PM
|
This will be huge blow in the Midwest such as Illinois and Wisconsin. You can find a Walgreens almost on every corner in Milwaukee.
by Anonymous | reply 10 | October 16, 2024 12:00 AM
|
CVS and Walgreens over-saturated the market years ago. There are so damn many in my city, it's ridiculous.
by Anonymous | reply 11 | October 16, 2024 12:02 AM
|
I remember about twenty years ago, Walgreens bought all the Rite Aids in my state. They promised they wouldn't close any of the Rite Aid Stores - they would be run separately. They kept that promise for about three months.
by Anonymous | reply 12 | October 16, 2024 12:02 AM
|
Weren’t Walgreen's pharmacists the ones that reserved the right to withhold medication if it conflicted with their moral values? Boo 👻
by Anonymous | reply 13 | October 16, 2024 12:13 AM
|
The CVS stores here are the old school dirty carpet dumps. I get prescriptions filled there and that’s it. You can buy meds much cheaper at Kroger or even Ollie’s. Walgreens, ugh, it’s like being in a hospital with the same bright lighting.
by Anonymous | reply 14 | October 16, 2024 12:17 AM
|
This is what happens when you allow shoplifting.
by Anonymous | reply 15 | October 16, 2024 12:17 AM
|
Yes, R13, and that's why I stopped going to Walgreens. I switched all my Rx to another pharmacy. (Not CVS; I hate them. I actually like Walgreens much better but made the slight sacrifice not to give them my business anymore.)
by Anonymous | reply 16 | October 16, 2024 12:17 AM
|
[quote] I have never been to a Walgreens or a CVS and I don't know why anyone would go.
Where do you go then?
by Anonymous | reply 17 | October 16, 2024 12:18 AM
|
[quote]I have never been to a Walgreens or a CVS and I don't know why anyone would go.
...they are often conveniently located at major thoroughfares and intersections
...it is usually easier and quicker to go to them to pick up a few items than to go a grocery store or big box discount retailer
surely you have realized this.
are you autistic or something?
by Anonymous | reply 18 | October 16, 2024 12:21 AM
|
[quote] Where do you go then?
where do i go for what?
I'm not dopped up on scripts
by Anonymous | reply 19 | October 16, 2024 12:22 AM
|
[quote]CVS and Walgreens over-saturated the market years ago. There are so damn many in my city, it's ridiculous.
This is the problem. I've seen it from both chains. Where my parents live in Denver, there are at least 5 Walgreens within a 10 minute drive.
I lived in AZ and CA, and there was the same thing with CVS.
This doesn't even account for the pharmacies at Walmart, Costco, Kroger, Safeway, etc.
by Anonymous | reply 20 | October 16, 2024 12:22 AM
|
CVS is is laughably more expensive for most things.
The only reason to go to CVS is the wide reach of their pharamcy. Your prescription can be sent to a CVS, but you can actually pick it up at any CVS without transferring the prescription - including pickups in different states.
I also was able to get a flu and covid shot in one state while traveling and have it covered by my insurance even though I live in another.
by Anonymous | reply 21 | October 16, 2024 12:25 AM
|
[quote] I'm not dopped up on scripts
Oh, dear, and you’ve never been ill?
by Anonymous | reply 22 | October 16, 2024 12:26 AM
|
I've had a cold, yes. But I don't need a Value Card from CVS for that
by Anonymous | reply 23 | October 16, 2024 12:29 AM
|
I'm truly curious who the fuck on here is arguing that either Walgreens or CVS has "excellent prices." My area has both, and they are ALWAYS higher than Walmart or Costco, often far so. (Also more than my area's main grocery chain, and Target *used* to be cheaper until CVS took over their pharmacy operations.)
The one & only reason I go to CVS is for prescriptions, since they're the same price on my health plan and I definitely prefer their drive-thru than waiting 20 minutes in line.
by Anonymous | reply 24 | October 16, 2024 12:31 AM
|
Costco Pharmacy for the win. Their rates aren’t marked up to hell and back like CVS. I use them exclusively because I’ve been without health insurance often enough that Costco drug prices are still reasonable paying out-of-pocket. Prices at CVS/Walgreens are completely outrageous. We’re just paying for their expensive, high-visibility commercial real estate.
by Anonymous | reply 25 | October 16, 2024 12:36 AM
|
[quote] I'm truly curious who the fuck on here is arguing that either Walgreens or CVS has "excellent prices." My area has both, and they are ALWAYS higher than Walmart or Costco, often far so.
Costco doesn't sell everything that CVS & Walgreens sell.
I don't buy any rx drugs on a regular basis, so this is not my main point of comparison.
Also: convenience & stress factors. The Costco where I live is almost always crowded. Walmart and Target are further, in distance, and crowded.
The CVS and Walgreens are very close and not crowded. I can pretty much go at any time of the day and be OK.
I'm not retired, yet. So, if I do end up paying more for something at Walgreens, so be it.
by Anonymous | reply 26 | October 16, 2024 12:39 AM
|
We actually had a few large, well-stocked, nice Walgreens close to our area. But then they halved themselves to make room for urgent-healthcare offices occupying their other side and dumped half of their inventory in the process. Believe it or not, meanwhile, our local huge Walmart actually has a fantastic pharmacy with attendant doctors and excellent staff/service.
by Anonymous | reply 27 | October 16, 2024 12:40 AM
|
I go to an independent pharmacy. Excellent service.
by Anonymous | reply 28 | October 16, 2024 12:52 AM
|
The Walgreen family was a hot mess in Lake Forest.
by Anonymous | reply 29 | October 16, 2024 1:00 AM
|
In my small beach town we have a Walgreen's across the street from a CVS. All the local geezers go to CVS. Tourists go to Walgreens.
by Anonymous | reply 30 | October 16, 2024 1:13 AM
|
^^^I was just about to ask if Walgreen's across the street from CVS at a major intersection is common in parts of the country. In the Dallas area, they do it all the time.
by Anonymous | reply 31 | October 16, 2024 1:45 AM
|
Whenever I want to transported back to 1998, I visit one of my local Walgreens. The light is extra fluorescent, the floors appear to be white linoleum tiles and the shelves are hideous industrial metal painted white.
by Anonymous | reply 32 | October 16, 2024 1:56 AM
|
R25 — I got my COVID shot today at Sam's Club. Excellent pharmacy, the pharmacist and his assistants are very nice and considerate to their customers. Whenever I go to Walgreens or CVS, it's like being in some kind of scary ghetto hospital. Sketchy as hell with bad service. You don't even have to be a member of Sam's to use their pharmacy. Warehouse club pharmacies for the win.
by Anonymous | reply 33 | October 16, 2024 1:56 AM
|
The world will be unbearable with 5 retailers left.
by Anonymous | reply 35 | October 16, 2024 2:01 AM
|
It feels like there is a Walgreens on every corner in my city. I can predict at least one closing—I stopped in one the other day that I’ve never been into since I’m rarely in that part of town. The shelves were really bare. I had stopped in for like 3 things, which they didn’t have. They didn’t even have Vaseline ! (No, it wasn’t for THAT) There are busier stores within a few miles in any direction. This one will surely close.
by Anonymous | reply 36 | October 16, 2024 2:49 AM
|
R21: Walgreen does the same thing and has been doing longer than CVS.
by Anonymous | reply 37 | October 16, 2024 3:30 AM
|
[quote] Whenever I want to transported back to 1998, I visit one of my local Walgreens. The light is extra fluorescent, the floors appear to be white linoleum tiles and the shelves are hideous industrial metal painted white.
I like Target, but it's offensive, also. Cornea-frying lights. Everything is primary-color red. I don't think the layout is that great. The store is kind of bisected and not in a good way.
by Anonymous | reply 38 | October 16, 2024 3:46 AM
|
R25, just FYI, are you familiar with GoodRX.com? It's been a godsend for friends of mine who don't have health insurance. It's not as cheap as a copay, but you can get most generics (ones that aren't already $4 at Walmart or something) for under $50 for a month's supply.
R26, Costco obviously sells in bulk, but you can *definitely* find nearly everything at a Walgreens or CVS at the supermarket. Interestingly, I've had the opposite experience as you when I've had to buy something at Walgreens: there is ALWAYS a line, and only a single register open. At Target I can do a self-checkout in under two minutes. (It helps that the store is still nearly new and has a huge number of checkout stations.)
by Anonymous | reply 39 | October 16, 2024 3:53 AM
|
[quote] you can *definitely* find nearly everything at a Walgreens or CVS at the supermarket.
R39, yes, probably. However, OTC drugs and some other things are cheaper at Walgreens / CVS.
When I say "crowded," I'm factoring in the parking lot situation. JMO, but the Costco and Target parking lots in my area can be stressful. If I can go to Costco at night, it's still somewhat crowded, but bearable.
by Anonymous | reply 40 | October 16, 2024 4:12 AM
|
[quote]I was just about to ask if Walgreen's across the street from CVS at a major intersection is common in parts of the country. In the Dallas area, they do it all the time.
This has always been the strategy for both chains. Same as when Burger King / McDonald's always open up restaurants across the street from one another (or within a quarter mile on the same street). It's all their business strategy.
As for Costco or Sam's Club - none in my region. We just have BJs and there are no 'pharmacies' in our BJs. We just have 'health and beauty aids' sections, but who really needs to buy 12 tubes of toothpaste for $35 when you live alone ? That's when the drugstores come in - you can buy one tube of that same toothpaste for $4 at Walgreens, or for $8 at CVS (but use the 50% off coupon in their app to bring it down the SRP of $4).
by Anonymous | reply 41 | October 16, 2024 12:12 PM
|
I stopped jumping through Walgreens and CVS price hoops several years ago. All the coupons, "extra bucks", points and gimmicks are tiresome. I just get my toiletries at Target at their everyday low price. Target frequently has the $5 or $10 gift card when you purchase $25 or some other amount on toiletries which is the only game I'll play at this point.
by Anonymous | reply 42 | October 16, 2024 12:21 PM
|
Walgreens isn't as bad as CVS with the complicated promotions, but on the off chance that you actually have an eligible item, CVS is cheaper.
by Anonymous | reply 43 | October 16, 2024 12:27 PM
|
way too many Walgreens out there and CVS too. to be profitable.
by Anonymous | reply 44 | October 16, 2024 12:38 PM
|
R39. "At Target I can do a self-checkout in under two minutes. (It helps that the store is still nearly new and has a huge number of checkout stations.)"
They removed the self-checkouts at Target in San Francisco a number of months ago. This was done for "asset protection" which Target takes very seriously here. The store is loaded with security personnel and they don't let people just walk out with merchandise any more.
by Anonymous | reply 45 | October 16, 2024 12:51 PM
|
" It's all their business strategy."
R41 obviously working well.🤣
by Anonymous | reply 46 | October 16, 2024 2:36 PM
|
[quote] who really needs to buy 12 tubes of toothpaste for $35 when you live alone ? That's when the drugstores come in - you can buy one tube of that same toothpaste for $4 at Walgreens, or for $8 at CVS (but use the 50% off coupon in their app to bring it down the SRP of $4).
Why not get 6 tubes of toothpaste in one go? I'm still working (not retired) and this saves me from having to buy one tube of toothpaste at a time. I don't buy my toothpaste from Costco, but I do buy maybe 6 tubes at a time.
by Anonymous | reply 47 | October 16, 2024 4:16 PM
|
$4 for toothpaste? I can get them at the Dollar store for $1.25.
by Anonymous | reply 48 | October 16, 2024 5:50 PM
|
Spill it R29. I’ll spill about Busch lll in the Central West End in St. Louis when he was a kid.
by Anonymous | reply 49 | October 19, 2024 4:22 AM
|
Toothpaste and bar soap do seem to have best used by date. I’ve learned that stockpiling Crest and Dove.
by Anonymous | reply 50 | October 19, 2024 4:24 AM
|
How is Amazon pharmacy? I've been considering it to avoid having to drive out to Costco every time.
by Anonymous | reply 51 | October 19, 2024 4:29 AM
|
It was like I woke up one morning and Walgreen's, CVS and Rite Aid were everywhere. I get any prescriptions I may need at a mom and pop's store. A non-assembly line experience.
by Anonymous | reply 52 | October 19, 2024 4:32 AM
|
Walgreens always seem to be cleaner and more organized than CVS.
by Anonymous | reply 53 | October 19, 2024 5:07 AM
|
I stopped going in Chicago when I needed to find someone to unlock the deodorant. Now I do Capsule Pharmacy (easy text communication with pharmacist) or, occasionally, Amazon Pharmacy.
by Anonymous | reply 54 | October 19, 2024 5:16 AM
|
Someday there won't be stores, they keep disappearing. Everything will be sold online. It's sad, I like to look at things in real life.
by Anonymous | reply 55 | October 19, 2024 7:24 AM
|
Amazon now has Amazon pharmacy.
by Anonymous | reply 56 | October 19, 2024 12:03 PM
|
The Walgreens closest to me was the first prototype of the new look and size and even Ellen was here for the opening - when she was popular!
It has now been run into the ground.
The pharmacy hours start at 9am. At 9 am the pharmacist arrives with the cash till and a look of dread, goes behind the locked gate and begins the ten minute process of opening up. The first employee strolls in at 9:04, the second at 9:07 and the third at 9:10. The gate is unlocked fully and pulled into the wall. At 9:12 the first of the 3-4 people who have been waiting is called up and the computer is still warming up and loading. And that first person always has some sort of problem - usually that they haven't waited for their prescription to be ready so they ask a million questions clarifying why they have to come back tomorrow.
Every time I witness this I swear I will look into Amazon Pharmacy.
Walgreens hates their customers now and we hate them. Great business model, don't you think?
by Anonymous | reply 57 | October 19, 2024 12:11 PM
|
[quote] Thanks Kamala.
Did you thank Trump when new records were set in 2019 for store closings?
Offsite Linkby Anonymous | reply 58 | October 19, 2024 12:16 PM
|
Or all the other years Trump was President setting new records for store closings.
Offsite Linkby Anonymous | reply 59 | October 19, 2024 12:18 PM
|
R54: The$1.25 deodorant at Dollar Tree works fine for me.
by Anonymous | reply 60 | October 19, 2024 12:20 PM
|
R49 Charles III had 3 wives. 2 messy divorces. Wife 3 was by all accounts the only good one. My mom knew wife 2 thru a charity board. Had nothing good to say about her. Son Tad was a junkie who met wife in rehab. Both now dead of ODs.
by Anonymous | reply 61 | October 19, 2024 2:25 PM
|
Walgreens has the worst POS imaingable. This despite having 2,000 programmers at headquarters who apparently having orgies all day as they are not programming anything.
by Anonymous | reply 62 | October 19, 2024 2:43 PM
|
Since CVS locked up everything, I now go there only for mouthwash. For everything else, I walk a little further to a family owned pharmacy that has been in the neighborhood for over 100 years. My grandmother used to shop there. Nothing is locked up, the employees are friendly and I can find everything easily. Thanks, CVS, for treating your customers like thieves, it got me out of my laziness so I found a much better place...and I'm supporting a true local business.
by Anonymous | reply 63 | October 19, 2024 2:44 PM
|
In my area, Walgreens is more affordable than CVS. As well, your accumulated points/benefits show up at the register at Walgreens whereas you need to have the CVS "Extrabucks" coupon or app to use the points. Extra bucks tends to expire more quickly than the accumulated Walgreens discount.
by Anonymous | reply 64 | October 19, 2024 3:26 PM
|
I recently started doing online/pickup orders at Walgreens. You'll get a 15% discount on everything (no exclusions) just for doing it this way.
by Anonymous | reply 65 | October 20, 2024 7:32 PM
|
R65, that sounds depressing.
by Anonymous | reply 66 | October 20, 2024 8:11 PM
|
Well, don't commit suicide over it.
by Anonymous | reply 67 | October 20, 2024 8:53 PM
|
Remember when they used to have 39 cent coupon weeks?
by Anonymous | reply 68 | October 20, 2024 9:20 PM
|
I hope my 24 hour one doesn't close, I like picking up my prescriptions late at night
by Anonymous | reply 69 | October 20, 2024 9:37 PM
|
[quote] I have never been to a Walgreens or a CVS and I don't know why anyone would go.
Uh, to get prescriptions filled? This isn't a mystery. The stores are filled with overpriced impulse items that they hope people will buy when they come to get their medications.
by Anonymous | reply 70 | October 20, 2024 9:40 PM
|
[quote]They removed the self-checkouts at Target in San Francisco a number of months ago. This was done for "asset protection" which Target takes very seriously here.
I'm aware of that, but this has nothing to do with the Targets that America's 330 million people use: only SF's 700,000 or so. (That said, some grocery store chains are removing them entirely, because too many people keep screwing them up.)
[quote]How is Amazon pharmacy? I've been considering it to avoid having to drive out to Costco every time.
I don't have regular scrips, but my mom does and switched them over to Amazon earlier this year. She's definitely loving having them delivered versus having to go to the store. Unless it's a type of medicine that might get ruined in shipment somehow, delivery definitely makes sense.
[quote]The Walgreens closest to me was the first prototype of the new look and size and even Ellen was here for the opening - when she was popular! It has now been run into the ground.
How the AF did they manage to make an already terrible customer experience even *worse*??
by Anonymous | reply 71 | October 20, 2024 10:33 PM
|