> But the question remains, why is Rite Aid struggling so much?
Especially when it seems to me, in the Jersey suburbs outside of NYC, CVS and Walgreens are doing just fine.
Especially when it seems to me, in the Jersey suburbs outside of NYC, CVS and Walgreens are doing just fine.
They have acquired 18 companies in 10 years.
> Meanwhile, Walgreens is also having a tough time. The pharmacy giant said in October it would close roughly 1,200 U.S. stores over the next three years, including 500 locations in fiscal 2025. In June, it said about 8,600 locations would be shuttered over the next few years.
If burdened with sufficient debt, there is no such thing as a viable business.