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> But the question remains, why is Rite Aid struggling so much? Especially when it seems to me, in the Jersey suburbs outside of NYC, CVS and Walgreens are doi
by pavel_lishin 2y ago
> But the question remains, why is Rite Aid struggling so much?
Especially when it seems to me, in the Jersey suburbs outside of NYC, CVS and Walgreens are doing just fine.
- kthejoker2 2y agoFTA > Meanwhile, Walgreens is also having a tough time. The pharmacy giant said in October it would close roughly 1,200 U.S. stores over the next three years, including 500 locations in fiscal 2025. In June, it said about 8,600 locations would be shuttered over the next few years.
- bell-cot 2y ago> The company’s massive debt load and ongoing legal battles have further pushed it to the brink. If burdened with sufficient debt, there is no such thing as a viable business.
- TingPing 2y agoCVS is successful because they became an insurance company. They have acquired 18 companies in 10 years.