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Why Walgreens And CVS Are Shutting Down Thousands Of Locations

Chains scale back amid theft, costs, and shifting consumer habits.

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  • Chapter 1 Taking Risks & Making Profits
  • Chapter 2 Economics
  • Chapter 4 Ethics & Social Responsibility
  • Chapter 6 Entrepreneurship
  • Chapter 9 Production & Operations Management
  • Chapter 11 Human Resource Management
  • Chapter 13 Marketing
  • Chapter 14 Product & Price
  • Chapter 15 Distribution
  • Bonus Chapter B
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Walgreens and CVS stores are common sights on American street corners, but in the coming years there will be significantly fewer of them around. The video below takes a detailed look at the recent struggles faced by U.S. pharmacy chains as they plan to shut down thousands of locations nationwide. 

Questions:

  1. Why are Walgreens and CVS closing thousands of stores over the coming years? What are some factors that have contributed to their problems?
  2. How can entrepreneurs help prevent “pharmacy deserts”?
Author: NickelsMcHughMcHugh