Bankrupt retail chain closing over 200 more stores
Major bankrupt retail chain revealed that it will close 207 more store locations.
The drugstore retail sector has struggled since the Covid-19 pandemic, with fierce competition among brick-and-mortar retailers who compete against each other, as well as online pharmaceutical providers for the prescription dollar.
Major pharmacy chains, including CVS, Walgreens, and Rite Aid, compete directly with larger big-box pharmaceutical providers, such as Walmart, Target, and Costco, as well as major online players like Amazon and Mark Cuban CostPlus Drug Company, which offers discount prescriptions.
