3 ms·

I’m sure the city being shut with highly limited foot traffic even when it reopened leading to losses of revenues exceeding 50% in most cases has nothing to do

• rsj_hn 5y ago
  Many stores closed. But Walgreens was one of the few stores that were allowed to remain open so that may have led to a bump in traffic, particularly as they sold masks, disinfectants, medicine, bottled water, toilet paper, and all that stuff that people during the pandemic wanted to buy. But it's tough to say how much each factor contributed. We do know that Walgreens' parent company lost 1.7 Billion in the third quarter of 2020 but swung to a 300M profit in the 4th quarter and is doing well overall so far in 2021, so nationally they did take a hit but that ended 8 months ago.
• thatswrong0 5y ago
  It's not just about foot traffic. The Walgreens I live near in SF has had plenty of foot traffic during the pandemic (I literally live across the corner and the lines to check out were just as long after as before). Yet since the pandemic started, it gained.. a police officer stationed at the entrance.
• j4kp07 5y ago
  You're right. It has nothing to do with it because you just made that up about Walgreens.
• paulddraper 5y ago
  I won't say that didn't matter, but this had happening prior to March 2020. https://hoodline.com/2020/02/why-are-so-many-san-francisco-walgreens-locations-closing/ https://hoodline.com/2020/02/why-are-so-many-san-francisco-w...