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this post was submitted on 18 Jan 2025
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Technology
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I don't really understand how Walgreens is still in business. I only go there when I need something that the grocery store pharmacy section doesn't carry and I'm not willing to wait 1-2 days to have it shipped from Amazon. Every time I go, its a ghost town with more employees than customers.
It's honestly the corpse of a retail store being dragged along by a perfectly healthy pharmacy. Every rx sold, regardless of what the customer pays, nets Walgreens the full value of the script. So when grangran runs to Wallygreens to pick up her no cost diabeetus meds, walgreens gets the full 1000+$. And that's every script sold, every hour of every day.
Oh, that sounds like a sweet deal. I should have been aspired to be a corporation instead of a normal person.
No, it's the opposite. The pharmacy doesn't make a ton of money, that's why they expanded to have all the other stuff.
I was a certified technician in that pharmacy for 5 years. I can tell you with confidence that is patently false.
This is incorrect from all angles I've seen.
Look what they own and look what assets are being held. They're what I like to call a shell company
I live in a very small city with a Walgreens and 2 CVSes, all within a mile or so of each other, and they all seem pretty busy. We also have a Walmart, a medical supply store, and a small neighborhood pharmacy, as well as two grocery stores. I think how busy your local drug store is is pretty variable. We do have a college in town and also a pretty active main street with a lot of shops and restaurants that bring in a lot of tourists and people from neighboring towns and bigger nearby cities.
But like, we have kind of a lot of CVSes and Walgreens around here and they all seem to do well enough. I don't think it's just that we're in a college town. Though, again, we do have a lot of colleges in general.