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Walgreens is closing 1,200 stores. CVS is closing 900. Rite-Aid is closing 500. What is going on with America’s drug stores?
But for pharmacies, the high-tech solutions—including direct-to-consumer pharmacies such as Capsule, GoodRx, and Mark Cuban’s Cost Plus Drugs—haven’t yet been widely embraced. In 2023 ...
Prakash Patel at Bert’s Pharmacy in Elizabeth, New Jersey, said sometimes the pharmacy is a sick customer’s “first stop.” “There is no easy access to a doctor’s office. You need an ...
Furrs Supermarkets – New Mexico/West Texas; went bankrupt in 2001. Genuardi's – defunct as of 2012 as a chain; 2015 all locations; Giant – Ralphs big box format; Southern California; Giant Open Air – merged with Farm Fresh Food & Pharmacy; Haggen – west coast regional chain, acquired by Albertsons. Several locations still exist.
The luxury chain filed for Chapter 11 bankruptcy in the Southern Court of Texas in May 2020. [215] New York & Company shuttered all of its stores by late summer 2020 as a result of its parent company, RTW Retailwinds, filing for bankruptcy. [216] In October 2020, its remaining assets were sold to New York investment company Saadia Group. [217]
Many pharmacy chains in the United States are owned and operated by regional supermarket brands, or national big-box store brands such as Walmart. These pharmacies are located within their larger chain stores. The three largest free-standing pharmacy chains in the United States are Walgreens, CVS, and Rite Aid.
Walgreens is planning to close around 1,200 locations, as the drugstore chain and its rivals struggle to define their role for U.S. shoppers who no longer look to them first for convenience.
In 2010, there were 23,064 independent pharmacies in the U.S. [1] Independent pharmacies dispensed approximately 1.5 billion prescriptions annually accounting for nearly 40% of the retail prescriptions. The average independent pharmacy had total sales of approximately $4 million and average prescription sales of approximately $3.7 million per ...