CVS & Walgreens are horribly overpriced. Like the cost of 4 rolls of toilet paper is about the same as 8 rolls at the supermarket. They might have more convenient locations but they bend over their customers on prices.
This will severely damage rural regions. Just like the hospital closures that have been going on. The US healthcare system should not be a for profit system.
@@DoseofTruthagreed. All these people do are complain, yet only Black People seem to be the only ones standing up constantly. Everyone else sits back and benefits. Now that Black People are saying hold your own nuts, people are clucking around like confused chickens
The government added a mountain of special medical codes for billing Medicare and Medicaid to help reduce the payments to facilities. It worked, since staffing for those billing people is too expensive. Profit is good and bad. My Dad worked in inspections of those places. Some spent profits very well. Another was murdering long-term care cheaply paid patients to clear beds for better, more profitable patients.
@@jeltoninc.8542 You know the average high school student has a better grasp of medicine than a 18th century medical professor. If you take first aid you are better trained than any doctor up to the 1900's. The doctor standards we have toady are there for artificial scarcity reasons more than anything.
One of my first jobs was working in a pharmacy chain. None of them stood out from one another apart from their names. I remember offering diabetes support was allegedly what made us stand out but that didn't stop us from loading-up on salt and sugary foods to sell to the masses.
It used to crack me up how I’d have to walk through a maze of retail offerings just to get to the pharmacy counter but if I wanted cigarettes they were right by the door at the cash registers.
Dollar stores are also closing. I just saw a Family Dollar get shut down. I already felt the prices were too high. Walmart is cheaper than many dollar store items, product for product
@@sarahjenkins7064 Biden already hitting China with similar ones. I do business with Asia and Africa. Barely anything different. Both parties continue on each other's policies, with roughly 10% difference is all. For Black People, they owe reparations, so no reparations no vote.
I was at Walgreens last week. Found my allergy medicine (store brand) for $50 for a one year supply. I actually bought the medicine for $12 on Amazon though.
No company should be owning thousands of stores. With that many, they could afford for them to be run well enough, and there's an over concentration of power.
This is what happens when Wall Street gets all the money from the average person in the form of 401Ks. They use that money to build tons of corporate chain stores, this crowds out small businesses, and leads to too many stores being built. May of these corporate chain stores pay people the lowest wages possible, and you have a carbon copy of these stores in every city in the US.
Nothing last forever! Where's Kmart, Sears, Mervins, Woolworths, Payless, JC Penny's, Macy's Etc... The list goes on. They're all being replaced with online and supercenters like Wal-Mart. 🤷
This afternoon, I was in Walgreens, and in an effort quench my thirst, I went to the refrigerated aisle to look for a coke. Alas, Walgreens wanted $3.35 for a 20 oz Coke Zero, and instead of paying that crazy price, I decided to remain thirsty. Back in my day, Walgreens used to be a combination of a pharmacy and a dollar store. Now, it's really neither.
Exactly, Walgreens food items are convenient store prices now and not competitive with other grocery stores. It’s like office supply stores that sell things with ridiculous markups. Why even bother going in if you can order online or buy the same thing nearly anywhere else for half the price.
Brother how many years ago was this ? State dept called Vietnam war ancient history . Are we talking about ancient history ? 😅 I grew up in the 80s and Walgreens was always grossly overpriced compared to regular shops
You'd remain thirsty drinking soda and even worse you wanted diet soda. Literally causes brain damage in addition to dehydration.. Idk I'm not cheap like that because I work low skill manual labor and realize low skill people need to work at the Walgreens too... You're just a selfish penny pincher that will remain poor
Walgreens is a 7/11 with a pharmacist. Whatever they sell is more expensive because they know it's easier to walk in a Walgreens than find parking at Walmart.
These places charge a premium for their products and their target audience are elderly folks who used to have a decent amount of disposable income. Now that everything costs 2-3 times what it used to it is now worth it to put your prescription at Walmart or Target and buy cheaper stuff there instead.
The issue are franchise stores placing a store every 5 miles in cities that are car dependent. I would like to see a city that forces franchises to only have a single store in a 30-mile radius. Sure stores will be busier, but could bring back more local businesses.
CVS fully closed in Puerto Rico few months ago. I have about 5 Walgreens in a 5 mile radius from my house. I go to a local pharmacy always. My BP meds for a month is $7 for each or a total of $14. Cialis or the other one $25 for 30 pills. They also have almost everything
My local Walgreens where I get all my prescriptions recently removed those gigantic LCD screens that were affixed to the freezer doors and went back to simple glass. Makes me wonder if mine is on the chopping block.
I wonder what the domino effect will be like with Walgreens distributors? Amerisoirse Burgeon (ABC) was their primary pharmacy fulfilling distributor. McKeason (MCK) was their secondary and did smaller order fulfillment. I used to work at MCK for nearly 13 years and saw the Rite Aid acquisition by Walgreens and Boots Alliance group, who owned ABC as well, in 2016 that scared us working at MCK. This will affect those jobs as well.
High priced products is what the U.S. political leaders wanted, wasn't it? This way, Americans can demand ever higher wages to keep up and the cycle repeats itself, ad infinitum. This is how we manage to have a high cost of living that we can then boast to other lower salary countries.
to be honest considering their immigration fetish ..and all their handing out to them ..i guess business loans aren't far behind ..so i suppose all the inner-cities will mimic the New York model ...with a bunch of Bodegas ..long term replacement plan ..from " Mama -sun to Papi "
Think about the chain effects... store space empty, surveillance/security firm's revenue shrinking, electricity supplier revenue shrinking, IT firm lost some revenue... not to mention how many employees are losing jobs.
I did my bachelor degree in the US, and I was realy confused what what the pharmacy was selling. For example, in my country I belive it's illegal for a pharmacy to sell food and beverages. Nonetheless, every country has its own paradigm; and I believe US pharmacies are crucial for the communities they serve.
For certain types of purchase I avoid the fast convenience stores, I can buy elsewhere cheaper. Folks in the hood don't consider that. I know, I used to live there. "We" wasted our money on lottery tickets, cigarettes and fast food.
I suspect the reality behind this story is more likely related to publicly traded retail pharmacy chains struggling to make up for the easy money they made during COVID-19. They might be looking for a quick way to boost their share prices. Perhaps these consumers are the canary in the coal mine? However, it doesn’t seem like a strong case.
Who are all these people saying that the economy is great? All I hear are the stats and while they aren't catastrophic, they aren't the greatest ever. But we do seem to be doing better than the rest of the world. All I hear is you folks complaining that leadership is saying the economy is booming. Everybody is acknowledging that inflation is high and needs to be pushed down. So the Feds are keeping interest rates up to cool down leveraged purchases, since the common wisdom is people are keeping the economy high by buying stuff with borrowed money. It's starting to work, and all I hear from you folks is cynicism. Businesses fail all the time, but now all of a sudden, it's a sign of the end times. None of you seemed upset when Sears went out of business, or K Mart, or Toys R Us, or Radio Shack, or Circuit City, so why all the gloom and doom, now? I'm starting to get the impression that you folks are pushing a political agenda.
Now, should china start reporting in the news about how the US economy is collapsing? That would only be fair, right?
100% agree 😂
They’ve been doing this for about a decade now. Obviously you’re not watching their media 😂
@@hey.im_himI subscribe to all the Chinese media. Not a single thing on their news about the US collapse. You are spreading misinformation.
Can someone please tell Gordon Chang.
The man is consumed by China hate.
They've already been doing that lol.
The same people that told us the economy is doing great are the same people that told us Joe Biden is the "sharpest he has ever been".
Cut it out! All those biden gaffe video's are just AI deep fakes, so you're lying!
Just like the Blinker they are all liars . Lying has become their way of life and probably their opium too.
And you are blind 😂
@@KC-uf1rg be nice
CVS & Walgreens are horribly overpriced. Like the cost of 4 rolls of toilet paper is about the same as 8 rolls at the supermarket. They might have more convenient locations but they bend over their customers on prices.
This will severely damage rural regions. Just like the hospital closures that have been going on. The US healthcare system should not be a for profit system.
Then, stand up
@@DoseofTruthagreed. All these people do are complain, yet only Black People seem to be the only ones standing up constantly.
Everyone else sits back and benefits. Now that Black People are saying hold your own nuts, people are clucking around like confused chickens
The government added a mountain of special medical codes for billing Medicare and Medicaid to help reduce the payments to facilities. It worked, since staffing for those billing people is too expensive.
Profit is good and bad. My Dad worked in inspections of those places. Some spent profits very well. Another was murdering long-term care cheaply paid patients to clear beds for better, more profitable patients.
People should be taking care of themselves to not rely on the “healthcare” system so much.
@@jeltoninc.8542 You know the average high school student has a better grasp of medicine than a 18th century medical professor. If you take first aid you are better trained than any doctor up to the 1900's. The doctor standards we have toady are there for artificial scarcity reasons more than anything.
*WE DONT HAVE AMA3ON IN MY COUNTRY* you know what we do have - busy thriving high streets and a waiting list for city centre shops
If I had to choose between the two, I personally prefer Amazon. But having both would be ideal.
Where’s this ?
One of my first jobs was working in a pharmacy chain. None of them stood out from one another apart from their names. I remember offering diabetes support was allegedly what made us stand out but that didn't stop us from loading-up on salt and sugary foods to sell to the masses.
Encouraging diabetes and offering a cure you have to buy every month makes since monetarily.
It used to crack me up how I’d have to walk through a maze of retail offerings just to get to the pharmacy counter but if I wanted cigarettes they were right by the door at the cash registers.
Dollar Stores will pop up like mushrooms on the corpses of former retail giants. Desolved back into the ecosystem.
Dollar stores are also closing. I just saw a Family Dollar get shut down. I already felt the prices were too high.
Walmart is cheaper than many dollar store items, product for product
You forgot about inflation.
@@angrycrypto465what happens to Walmart and Amazon when Trump hits us with 60% tariffs on ALL Chinese imports?
@@angrycrypto465 Family Dollar just merged with another Dollar chain. They're just closing "redundant" locations not going under.
@@sarahjenkins7064 Biden already hitting China with similar ones. I do business with Asia and Africa. Barely anything different. Both parties continue on each other's policies, with roughly 10% difference is all.
For Black People, they owe reparations, so no reparations no vote.
I was at Walgreens last week. Found my allergy medicine (store brand) for $50 for a one year supply. I actually bought the medicine for $12 on Amazon though.
The American empire is falling into the deep darkness
No company should be owning thousands of stores. With that many, they could afford for them to be run well enough, and there's an over concentration of power.
This is what happens when Wall Street gets all the money from the average person in the form of 401Ks. They use that money to build tons of corporate chain stores, this crowds out small businesses, and leads to too many stores being built. May of these corporate chain stores pay people the lowest wages possible, and you have a carbon copy of these stores in every city in the US.
I think this is my favorite new channel
Nothing last forever! Where's Kmart, Sears, Mervins, Woolworths, Payless, JC Penny's, Macy's Etc... The list goes on. They're all being replaced with online and supercenters like Wal-Mart. 🤷
Actually Woolworths and Kmart are still alive in Australia region. JCPenny's is still doing good.
@@coolerking7427 So what!
"So, we opened a store we couldn't afford to begin with. Let's shut it down, and fire the innocent souls broke enough to work for us."
- Store Exec.
Rossmann said you can never have too many pizza joints.
This afternoon, I was in Walgreens, and in an effort quench my thirst, I went to the refrigerated aisle to look for a coke. Alas, Walgreens wanted $3.35 for a 20 oz Coke Zero, and instead of paying that crazy price, I decided to remain thirsty. Back in my day, Walgreens used to be a combination of a pharmacy and a dollar store. Now, it's really neither.
Exactly, Walgreens food items are convenient store prices now and not competitive with other grocery stores. It’s like office supply stores that sell things with ridiculous markups. Why even bother going in if you can order online or buy the same thing nearly anywhere else for half the price.
That buys you 135 ounces in South africa
Brother how many years ago was this ? State dept called Vietnam war ancient history . Are we talking about ancient history ? 😅
I grew up in the 80s and Walgreens was always grossly overpriced compared to regular shops
You'd remain thirsty drinking soda and even worse you wanted diet soda. Literally causes brain damage in addition to dehydration.. Idk I'm not cheap like that because I work low skill manual labor and realize low skill people need to work at the Walgreens too... You're just a selfish penny pincher that will remain poor
Falling reimbursement rates for prescription drugs.
Walgreens is a 7/11 with a pharmacist. Whatever they sell is more expensive because they know it's easier to walk in a Walgreens than find parking at Walmart.
Stocks are priced in useless devalued dollars. They must go higher. And will.
Thank you Blob!
Always appreciate your perspective.
🙏
These places charge a premium for their products and their target audience are elderly folks who used to have a decent amount of disposable income. Now that everything costs 2-3 times what it used to it is now worth it to put your prescription at Walmart or Target and buy cheaper stuff there instead.
I haven't bought a bag of chips for a year. Lost 10 pounds.
I can't afford to be fat anymore. 🥔
ONG
You can’t afford chips? That’s nuts
While businesses and factories are closing the number of wars the sales of arm has increased. One door closes one mpre will open .
Only Asian retailers can remedy the whole fiasco.
What's Asian? Russians? Mongolians? Chinese? Indians? Koreans? Japanese? Laotians? Singaporeans?
The issue are franchise stores placing a store every 5 miles in cities that are car dependent. I would like to see a city that forces franchises to only have a single store in a 30-mile radius. Sure stores will be busier, but could bring back more local businesses.
This is just the beginning. More to come.
Too many stores. The same thing can be said for restaurants.
Where am I gonna get my Narcan to barter for my weekly tent city meeting? /s?
So many great things happening in America.
CVS fully closed in Puerto Rico few months ago. I have about 5 Walgreens in a 5 mile radius from my house. I go to a local pharmacy always. My BP meds for a month is $7 for each or a total of $14. Cialis or the other one $25 for 30 pills. They also have almost everything
My local Walgreens where I get all my prescriptions recently removed those gigantic LCD screens that were affixed to the freezer doors and went back to simple glass. Makes me wonder if mine is on the chopping block.
Same here, this one was in the Houston area.
Prices at Wallgreen, CVS etc. are too high given the inflationary pressures on the consumer.
I think some particular cities are going to just have to learn to go without. A first for certain people.
Imposing tariffs on products coming to the usa is taking effect right now. Consumers have less purchasing power.
Rural towns still have Walmart.
I wonder what the domino effect will be like with Walgreens distributors? Amerisoirse Burgeon (ABC) was their primary pharmacy fulfilling distributor. McKeason (MCK) was their secondary and did smaller order fulfillment. I used to work at MCK for nearly 13 years and saw the Rite Aid acquisition by Walgreens and Boots Alliance group, who owned ABC as well, in 2016 that scared us working at MCK. This will affect those jobs as well.
Amazon will pick up the pharmacy business - all they need is FDB approval to mail prescription drugs to people
High priced products is what the U.S. political leaders wanted, wasn't it? This way, Americans can demand ever higher wages to keep up and the cycle repeats itself, ad infinitum. This is how we manage to have a high cost of living that we can then boast to other lower salary countries.
Walgreens is shoney's for me right behind radio shack ..i hope they don't close the one in Essex if so i hope its one in the afterlife
to be honest considering their immigration fetish ..and all their handing out to them ..i guess business loans aren't far behind ..so i suppose all the inner-cities will mimic the New York model ...with a bunch of Bodegas ..long term replacement plan ..from " Mama -sun to Papi "
I don't know how five guys is doing with their expensive burgers
If amazon just delivered prescriptions, cvs and Walgreen would both be obsolete.
Think about the chain effects... store space empty, surveillance/security firm's revenue shrinking, electricity supplier revenue shrinking, IT firm lost some revenue... not to mention how many employees are losing jobs.
Isn’t it wonderful how democracy and capitalism works with all the closing and guess China overproduction isn’t the issue 😂😂
F Walgreens
I did my bachelor degree in the US, and I was realy confused what what the pharmacy was selling. For example, in my country I belive it's illegal for a pharmacy to sell food and beverages.
Nonetheless, every country has its own paradigm; and I believe US pharmacies are crucial for the communities they serve.
I had someone ask me yesterday about a CVS because they have check cashing there as well (I believe), this is going to be devastating
I love Walgreens !
Does rampant shoplifting and riots have anything to do about these closures?
just sign of the times and amurica is going down the toilet.
Oh wow I actually shop here. Dang man. Daaang
Amazon is nothing new SEARS catalog sales used to be bigger and most town that was it or nothing.
Walgreens has never been a sustainable model
It was ALWAYS avoided by my parents. Far too expensive
So store closers means the CEO takes a pay cut right?
For certain types of purchase I avoid the fast convenience stores, I can buy elsewhere cheaper. Folks in the hood don't consider that. I know, I used to live there. "We" wasted our money on lottery tickets, cigarettes and fast food.
Looking for commercial foreclosures for housing.
Larry Fink should be in jail.
Wait...... robots don't purchase products??
😂😂😂 . . . good one !
Bob, you gotta do a video on Rhonda Massie’s death suspicions (RIP)
Watching this while decomming a call center 😢
Walgreens is only good for medicine walmart dont have or picture prints occasionally.
I always thought CVS and Rite Aid should merge.
"until they burned it down" lol
I suspect the reality behind this story is more likely related to publicly traded retail pharmacy chains struggling to make up for the easy money they made during COVID-19. They might be looking for a quick way to boost their share prices. Perhaps these consumers are the canary in the coal mine? However, it doesn’t seem like a strong case.
Second
But eli!!!! Meta mind reading!!!! Mark Zuckerberg
First maybe
Want more food? Subscribe 😅
Tofu dreg economy?
Nay.
This is Top Dog upholstery of rules based order and human rights genoicidal wars economy.
Do you still want to decouple from China and Russia????
You keep saying “again”
Not sure if you are aware or care
Just pointing it out in case you care
More people might watch you if you didn't look like you're recording your videos from prison at first glance...try a different color shirt
Who are all these people saying that the economy is great? All I hear are the stats and while they aren't catastrophic, they aren't the greatest ever. But we do seem to be doing better than the rest of the world. All I hear is you folks complaining that leadership is saying the economy is booming. Everybody is acknowledging that inflation is high and needs to be pushed down. So the Feds are keeping interest rates up to cool down leveraged purchases, since the common wisdom is people are keeping the economy high by buying stuff with borrowed money. It's starting to work, and all I hear from you folks is cynicism. Businesses fail all the time, but now all of a sudden, it's a sign of the end times. None of you seemed upset when Sears went out of business, or K Mart, or Toys R Us, or Radio Shack, or Circuit City, so why all the gloom and doom, now? I'm starting to get the impression that you folks are pushing a political agenda.