Friday, March 07, 2025

DROPPING LIKE A ROCK

By Bob Walsh

 

Walgreens will close 1,200 stores, the company announced Tuesday. Here, a sign is posted in front of a Walgreens store on March 09, 2023 in El Cerrito, California.


Ten years ago Walgreens was worth $100 billion.  They were just taken private with a value of $10 billion.  They have closed a ton of stores.  Brick and mortar retail is still a bitch.  It doesn't help when 90% of your stock is kept under lock and key.  Few people want to spend 1/2 hour to buy a tube of tooth paste.  I can't say as I blame them.  I sure as hell don't.

No comments: