Enjoy your Turkey. Layoffs at Walgreens and CVS to begin as stores close.

[MrBonita]

Here are the articles. Read them but enjoy your meal while you still have a job.

CVS closing stores.

Why Is CVS Closing More Stores? | The Motley Fool

Despite strong quarterly results, the company is still looking to unload more underperforming locations.

www.fool.com

Walgreens closing stores.

Walgreens plans to close 200 U.S. stores, according to new SEC filing

Walgreens is closing 200 U.S. stores, or less than 3% of its U.S. total, the drugstore chain confirmed Tuesday.

www.usatoday.com

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[thecoolpharmboi]

This thread should be closed or deleted for duplicated thread. This is old news-have you been living under a rock?

 

[JustFillIt]

This is redundant news... And really the articles reinforce the concept that these closures are not an armageddon situation, but rather an opportunity taken to strengthen the business.

 

[mentos]

This is redundant news... And really the articles reinforce the concept that these closures are not an armageddon situation, but rather an opportunity taken to strengthen the business.

It's armageddon for the hundreds of pharmacists that will be laid off.

Are there ever any articles about 200 new stores being opened? Nope the jobs keep disappearing and pharmDs keep getting pumped out.

 

[Sine Cura]

Rite Aid has closed a bunch of stores in the last decade "independent" of the failed merger/sell off (at least 4 in my local area in 2018) but it didn't make the news like CVS or Walgreens

Walmart closes stores all the time even aside from the Sam's Club announcement in 2018 and Walmart announcement in 2016

 

[JustFillIt]

It's armageddon for the hundreds of pharmacists that will be laid off.

Are there ever any articles about 200 new stores being opened? Nope the jobs keep disappearing and pharmDs keep getting pumped out.

Yea I agree - I’m part of the same madness. I’m just trying to drive the point home that this thread kinda sucks

 

[LivingMyBestLife]

Here are the articles. Read them but enjoy your meal while you still have a job.

CVS closing stores.

Why Is CVS Closing More Stores? | The Motley Fool

Despite strong quarterly results, the company is still looking to unload more underperforming locations.

www.fool.com

Walgreens closing stores.

Walgreens plans to close 200 U.S. stores, according to new SEC filing

Walgreens is closing 200 U.S. stores, or less than 3% of its U.S. total, the drugstore chain confirmed Tuesday.

www.usatoday.com

Dang man I get the bad news but why you gotta rub it in like this. Not very positive. WAGs just bought a bunch of Rite Aide stores. Many of which (my best guest is about half) are underperforming and should be closed. WAGs is a for profit company so it makes sense that they would close slower stores. No one should be shocked about job loss. If your store is doing under 400 scripts a day you are at risk. Good luck everyone and happy holidays.

 

[owlegrad]

This thread should be closed or deleted for duplicated thread. This is old news-have you been living under a rock?

I agree!

 

[footfairy]

Dang man I get the bad news but why you gotta rub it in like this. Not very positive. WAGs just bought a bunch of Rite Aide stores. Many of which (my best guest is about half) are underperforming and should be closed. WAGs is a for profit company so it makes sense that they would close slower stores. No one should be shocked about job loss. If your store is doing under 400 scripts a day you are at risk. Good luck everyone and happy holidays.

400 a day? Of the 45ish stores in the 3 closest districts to me only like 4 pharmacies average over 400 day, maybe 15 are over 300.

 

[lord999]

This thread should be closed or deleted for duplicated thread. This is old news-have you been living under a rock?

More like under a bridge in both senses.

 

[LivingMyBestLife]

400 a day? Of the 45ish stores in the 3 closest districts to me only like 4 pharmacies average over 400 day, maybe 15 are over 300.

Exactly. So those are at risk. Might be a slight risk but still a risk.

 

[Sine Cura]

I've never taken Rx from a closed CVS but Walgreens seems pretty good at closing stores. The phone number for the closed store redirects to the store where the Rx is sent and transfer functions work like normal. I'm sure the fax # is the same

Walmart however is a goddamned mess and should get out of pharmacy if they are going to continue implementing such an embarrassing procedure for closing pharmacies (well if they getting rid of their current model of pharmacies guess it doesn't really matter how ****ty the mechanics of their exit procedure).

Really, printing out scripts manually that already have been verified just to re-enter them at the "destination" pharmacy is a complete joke. Blah blah blah blah NPS this NPS that what a freakin' joke.

 

[DrVader]

Here are the articles. Read them but enjoy your meal while you still have a job.

CVS closing stores.

Why Is CVS Closing More Stores? | The Motley Fool

Despite strong quarterly results, the company is still looking to unload more underperforming locations.

www.fool.com

Walgreens closing stores.

Walgreens plans to close 200 U.S. stores, according to new SEC filing

Walgreens is closing 200 U.S. stores, or less than 3% of its U.S. total, the drugstore chain confirmed Tuesday.

www.usatoday.com

I think there are way too many CVS and Walgreens as it. I think the future of retail pharmacy is to build a few large retail stores in a city that can handle thousands of scribes a week. I know there is a very high volume store near a hospital. It has a machine that counts most of its scribes. The techs are basically there to ring people out and slap labels on medications that come in boxes. I think that retail pharmacy will reduce its hour, it will force people to come on their own hours.

 

[Mr. Corporate Pharmacist]

I think there are way too many CVS and Walgreens as it. I think the future of retail pharmacy is to build a few large retail stores in a city that can handle thousands of scribes a week. I know there is a very high volume store near a hospital. It has a machine that counts most of its scribes. The techs are basically there to ring people out and slap labels on medications that come in boxes. I think that retail pharmacy will reduce its hour, it will force people to come on their own hours.

I think community pharmacy needs to become more healthcare service oriented rather than product oriented.

Emergency service and convenience will always have a role, but the margins for product only are slimming.

Preventing hospital readmissions, preventative medicine, and other health outcomes will be the new gold mines.

Aside from the impact on people, I'm totally okay with shortening hours (but not closing stores) as a business move.

This was a bubble that was meant to burst.

We all have to change for the better.

Sent from my SM-N975U using SDN mobile

 

[DrVader]

I think community pharmacy needs to become more healthcare service oriented rather than product oriented.

Emergency service and convenience will always have a role, but the margins for product only are slimming.

Preventing hospital readmissions, preventative medicine, and other health outcomes will be the new gold mines.

Aside from the impact on people, I'm totally okay with shortening hours (but not closing stores) as a business move.

This was a bubble that was meant to burst.

We all have to change for the better.

Sent from my SM-N975U using SDN mobile

How do you bill for those? How do you make money? Walgreens and CVS can cut cost greatly by reducing their retail space and concentrating it. Look at Costco. They have a few large locations in a metro city and hours the way they want them.

 

[Old Timer]

Really. the world is coming to an end because CVS is closing 68 out of 10,000 stores? I guess you never learned math in pharmacy school. Less and 0.7% of the locations will definitely destroy the job prospects of millions of pharmacists nationwide.