Tuesday, October 17, 2023

The Retail Apocalypse continues... at least 1,450 more drug stores to close in 2023-2024

 As the "not a recession" economic malaise continues in the U.S., drug stores are struggling.  In this CNN article today (10/17/2023), we learn that Rite Aid went into chapter 11 bankruptcy this past Sunday.  Hmmmm... I didn't see that on the news over the weekend.  Nothing like a televised war and genocide to keep people from thinking about the U.S. economy.  In the article, reading down a bit, we learn that Rite Aid plans to close 400 to 500 more stores, CVS plans to close 900 more stores, and Walgreens plans to close 150 more stores.  I say more stores, because these chains closed a lot of stores in 2015-2020, and some stores since.  That's a lot of stores.  


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Steve Emig The White Bear's Substack

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