What’s up with drugstores?
Marketplace
Marketplace
4.6 • 8.5K Ratings
🗓️ 15 October 2024
⏱️ 29 minutes
🧾️ Download transcript
Summary
Walgreens plans to close about 14% of its national footprint in the next three years, making it the third major drugstore chain in the past year to signal it’s struggling. In this episode: Why have drugstores become a tricky business model, and what happens when communities lose a pharmacy? Plus: Electric vehicle adoption grows but Americans are still cautious, an inventory data point helps indicate where the economy’s headed, and some family foster agencies are scrambling after their biggest insurer in California pulls out of the market.
Transcript
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| 0:55.0 | Retail in all its forms. |
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| 1:01.0 | This is market flags. |
| 1:03.0 | In Los Angeles, I'm Kyle Rizdahl. It is Tuesday, today, the 15th of October. Good as always to have you along everybody. |
| 1:19.0 | For as strong as this economy is, yes, prices are higher, but inflation is down and unemployment is low. |
| 1:27.5 | For all of that, there are some business models right now that are just tough. Big box retail has seen better days. |
| 1:34.7 | Anybody remember Bed Bath and Beyond. Commercial real estate generally |
| 1:39.2 | office real estate in particular, they also come to mind. |
| 1:43.0 | Another that's been struggling to find its footing, |
| 1:45.1 | but has kind of maneuvered under the radar. |
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