Rite Aid, CVS and Walgreens To Shut More Than 1,500 Stores Because Of Crime & Competition

From the article:

    Rite Aid said it will close 150 of its 2,100 US locations after they filed for Chapter 11 bankruptcy earlier this month.

    The pharmacy chain has been unable to settle hundreds of lawsuits that accused them of overprescribing opioids and has struggled to keep up with competitors.

And:

    CVS is set to close the doors on 900 of its stores by the end of 2024, 10 percent of all its shops, as part of their online strategy.

    The major drugstore chain is coming to the end of a policy launched in 2021 which will see 300 stores closed each year - meaning 900 will have shuttered by 2024.

    CVS made the reforms to adjust to the needs of online shoppers while battling rampant shoplifting.

And:

Walgreens will shutter 150 stores by summer 2024, citing slashed earnings due to plummeting demand for Covid vaccines and tests.