CVS to Close 900 Stores in 2024: What This Means for the Future of Local Pharmacies
As if this country didn't have enough headaches, CVS announced it will close 900 stores in the United States by the end of 2024. Sure, the company claims it's "modernizing the consumer shopping experience." That's corporate speak for "you'll have to buy toothpaste in your pajamas while sitting in front of a computer because we're not going to have any physical stores near you anymore." Meanwhile, Target's hopping on the same bandwagon, planning to close several stores, notably in Seattle, Portland, and San Francisco. These corporations are simply tired of being unwilling donors to the shoplifting community, and let's be honest, the authorities aren't doing much to help.
But wait, there's more. These closures spell bad news for folks who rely on pharmacies for, you know, actual medical necessities. Online shopping might be convenient for replenishing your snack stash, but it's not ideal for urgent medications. And don't fall for the distraction tactics these companies use to explain the closures. They'll talk about "local market dynamics" or "community store density," but let's not kid ourselves—it's about losing inventory without any recompense and without any help from a criminal justice system that's apparently on a prolonged coffee break. So, with the retail giants pulling out, brace yourselves for the crime wave to hit local businesses, because thieves need to fund their habits somehow, and they're certainly not going to become contributing members of society overnight.
#CorporateCopOut #CrimePaysApparently #RetailExodus
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00:00 - CVS Announces Store Closures: The Bigger Picture
01:55 - Why Pharmacies Make Store Closures Complex
05:39 - The Situation with Target Stores in Seattle
07:27 - Unpacking Corporate Talk: Real Reasons for Store Closures
09:29 - Rise of Pharmacy and Food Deserts in Cities
12:27 - Legal and Compliance Challenges for CVS
15:48 - The Experience of Shopping Amid Locks and Keys
16:56 - Online Shift: The Retail Future
17:24 - The Risk Factors of Moving to Online-only Model
21:53 - The Slippery Slope of Convenience Shopping Online
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