CVS is closing pharmacies inside some target stores
Started by libra08
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It's only a few dozen super slow Target stores apparently.
Whew yeah, keep them old folks away from Targets….like we NEED youngin’ person only hotspots (one of the few places I go to where customer base in primarily a younger demographic)
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In AZ, there were Targets/CVS that did less than 4,000 scripts a year. I interned with one of them for clerkship (91st Ave and Northern). You go nuts in the pre smartphone era.
It's also trying to divest from Omnicare. Apparenlty, CVS is in the non-secular growth, buyout phase, like ATT and GE.
I used to float at a <40 rx store every now and then. It was insanely boring
And has a debt rollover that's a 4% spread. That's going to hurt.
Finance games, just like the property thing that CVS was using as an asset hiding strategy. It actually worked out for CVS, so the IRS closed that loophole.
Was trying to… they recently said they don’t see this happening anymore.
So instead they are laying off and closing a bunch
Why did those companies sell if they saw prosperous futures?
I heard they decided to shut down some locations, but not sell. My friend was there for the takeover. Allowed errors went from 1/1000 to 1/10000. They had to clear the dashboard, impossible with insurance shut off and overtime taboo.
