Damn the sector is consolidating fast...this does not bold well for pharmacists and patients.
*bodethis does not bold well
Lol who knows
They may use some of that money to hire more employees.
Walgreen has been traditionally better than CVS at getting adequate help to run the store.
But I could be delusional haha
I don't want to be right. I saw this coming and I made some money today. If you want to know what you can expect, read my posts in the CVS buys Target thread.
Expect companies like Walmart, Kroger to make a move. Smaller chains like Albertson, Kmart are going to go out business if they don't make some bold changes. They need to do it soon. They are going to be treated like a small independent pharmacy.
You can thank Obamacare and the Fed's easy money policy for this. Companies are just going to get bigger and bigger. Be ready. It is going to hit you.
Life is a zero sum game. There will be winners and losers. Don't be the loser.
I can't even picture what pharmacy is going to be like in 10 years. Save your dollars people because it is going to get ugly.
I am moving abroad as soon as I have enough!I can't even picture what pharmacy is going to be like in 10 years. Save your dollars people because it is going to get ugly.
I don't want to be right. I saw this coming and I made some money today. If you want to know what you can expect, read my posts in the CVS buys Target thread.
I worry for the pharmacists working for Rite Aid located next to Walgreens, there are stores like that. They'll likely shut them down. I wonder what this means for employment numbers across the board. More pharmacist jobs or less?
TBF, Wags taking over Rite Aid has been the talk of pharmacy for at least three years now, it's not like this was out of the blue.
I worry for the pharmacists working for Rite Aid located next to Walgreens, there are stores like that. They'll likely shut them down. I wonder what this means for employment numbers across the board. More pharmacist jobs or less?
Well to quote the pharmacy manpower study...
Walgreens and CVS have invaded pretty much invaded every sector except for hospital pharmacy: long-term care (Omnicare), infusion (Coram), specialty, mail-order, big-box retail (Target), corner-drug stores, and more.
I hope they stay out hospital pharmacy. There isn't much left except for Costco and a few grocery store chains. Rite-Aid was a major employer of new graduates in many states. I am imagining this will ding the job market for all new graduate pharmacists. Residencies are going to get even more competitive.
Can you guys speak with straight english please. Will this increase jobs or decrease jobs?
Ever since the purchase of Target, they have been practically begging for applicants.
Can you guys speak with straight english please. Will this increase jobs or decrease jobs?
Ever since the purchase of Target, they have been practically begging for applicants.
Can you guys speak with straight english please. Will this increase jobs or decrease jobs?
Ever since the purchase of Target, they have been practically begging for applicants.
Target pharmacies weren't being closed. Many Rite-Aids are right next to Walgreens and will need to be closed. This will decrease some of the labor force.
Dont assume rite aid stores are the ones that are going to close. Some Walgreens will too.
Even tho I made some money from this purchase, this is so crappy for our profession. Most people don't even understand the magnitude of this. This will cause other chains to sell their pharmacies or close them all together.
CVS is not going to buy them because they sell cigarettes. CVS may not even be able to do it because of anti-trust law. Who is left? Express Scripts? They just purchased Medco and they are still reorganizing.
I'm agreeing with you 100%. This is a dangerous time to be in the pharmacy business. If I were a student I would go residency or bust right now.
But yet, cricket from APhA. The fools who join this organization are just giving money to an organization that look after their sponsors' interest, not the interest of this profession.
I'm agreeing with you 100%. This is a dangerous time to be in the pharmacy business. If I were a student I would go residency or bust right now.
The Federal Trade Commission might have something to say about this proposed acquisition...I'm not convinced that this is a done deal.
Can you guys speak with straight english please. Will this increase jobs or decrease jobs?
Ever since the purchase of Target, they have been practically begging for applicants.
Walgreen's runs some outpatient pharmacies in hospitals.
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