This popular chain closes 145 stores this year
A large company has just announced its intention to clog several locations.
No matter where you are in the United States, you have probably met a number of "Work out"Signs or buildings newly abandoned over the past two years. The Pandemic of Covid has transformed store closures into a full-fledged epidemic, with supply chain problems, changing reasons, and overall financial uncertainty exacerbating the problem. In 2020, retailers such as Lord & Taylor and Stein Mart have been forced fromShutter all their locations permanently and 2021brought on store closures Companies like Bed Bath & Beyond and Disney. But the damage is far from over. Another retailer has just announced that it was planning to close nearly 150 stores in 2022. Read to find out which popular channel expands its American pitches.
RELATED:Walmart closes these stores permanently, as of April 22.AE0FCC31AE342FD3A1346EBB1F342FCB
Pharmacies have struggles in recent years.
Although it is a central actor in the fight against Covid by vaccinations and tests, pharmacies have had trouble with the pandemic with shortages of products, reduced store hours, appointments. Cancellated customers and even store closures. According toThe New York Times, There is aNumber of reasons for that. One of the main questions is at the moment a shortage of pharmacist labor, which has been aggravated by "the intense strain as their work goes from fulfilling prescriptions and advising patients in vaccine administration and COVID-19 tests, distribute masks and treat more and more angry customers. , "explained the newspaper.
But some experts also say that pharmacy companies have an added complication contributing to their current problems.Walter Schubert, PhD, professor of finance at the University room, told WLVR in Bethlehem, Pennsylvania, that some consumers have ceased to go to physical pharmacies in favor of ordering theirOnline prescription drugs.
"People find cheaper ways to get their drugs online," Schubert said. "Governments negotiate the price of drugs in other countries, we do not do it. Our prices are much higher."
And now a main pharmacy closes nearly 150 locations.
These struggles hit one of the most popular pharmaceutical channels: Rite Aid. On April 14, the company revealed thatConsider closing 145 stores this year. That is, 82 other sites of assistance to rite that those of the buyers already expected to lose, after the company previously announced in December 2021 that it would beClosing locations In 2022. According to the new announcement, Rite AID said it gets rid of "non-cost-effective stores" to help "significantly reduce costs" for society.
Related: For more detail news delivered directly to your inbox,Sign up for our daily newsletter.
The company said it works "in the middle of permanent challenges" of the Pandemic of Covid.
In parallel with the announcement of the closing of the added stores, Rite AID also published the profits of the company for its last fiscal year, which ended at 20222 February. According to the report, Rite AID experienced a net loss of $ 389.1 million in the last quarter. But the report of the pharmacy chain still indicates progress, the complete Rite Aid Rite Rite Rite Rite ranging from $ 525 million to $ 24.6 billion, which is largely helped by a 12% increase in pharmacy sales. .
"We have exceeded our plan 2022 in the midst of the persistent challenges of the Covid-19 pandemic. As we look forward to the coming year, we are ready and energized to participate in a new post-pandemic",Heyward doniganPresident and Chief Executive Officer, said in a statement. "We have demonstrated the important role that pharmacists play in the daily health of our customers and are well positioned to develop in a dollar dollar pharmacy market through our continuous leadership as a full-service pharmacy company. "
Another major chain of pharmacies is the closing of the stores this year.
The help of rite is hardly the only chain of pharmacies that had to end its operations in 2022. As at November 2021, the CVs announced that it plans to closeabout 300 stores This year, from spring. It is only a fraction of the 900 CVS locations expects the shutter by 2023. This will reduce nearly 10,000 US stores by about 9%.
According to a publication of the Company, CVS stated that it "evaluates the changes in the population, consumer purchase models and future health needs to ensure theGood kind of shops In the right places for consumers and the business, "and store closures play a role in this initiative. The pharmacy chain still provides for a significant physical presence, but it goes to more than one digital strategy.
"Our retail stores are fundamental for our strategy and we are as a company," CVS CEO Karen Lynch said in a statement. "We remain focused on the competitive advantage provided by our presence in thousands of communities across the country, which complements our rapidly expanding digital presence."
RELATED: This popular clothing chain has just announced that it was the closing of 240 stores .
