Store hour cuts?

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Just found out the 24 hour wags across the street is staying open, thank God.

See I don't get this, just because an area can support 1 24-hr pharmacy, doesn't mean it can support 2. In many areas, having 2 24-hr pharmacies probably means a loss for both. So why would chains be more likely to keep 1 24-hr pharmacy open if there is a competitor in the area with a 24-hr pharmacy? I guess that is why I will never be a CEO.....