I’ve seen a number of stories this year stating CVS and RiteAid are having problems. Some predict that they will be shuttering some stores.
I wonder if part of the problem with these chain pharmacies is that they’ve expanded so much over time (in terms of what they stock besides prescriptions) that they have been targeting the “wrong” market?
Sort of like somebody’s description of what led to the abrupt fall of the Bennigan’s restaurant chain...that they had imperceptibly drifted over time from a bar that served food to a family restaurant that served alcohol, and those were two completely different markets.