Reported over 1 year ago
Walgreens, CVS, and Rite Aid are closing a significant number of stores across the United States due to various challenges. Factors contributing to the closures include unprofitable stores, competition, failed growth strategies, declining reimbursement rates for prescription drugs, and increased online shopping. The closures signal a larger downturn in the pharmacy industry, impacting access to healthcare for some consumers.
Source: YAHOO