Fred's is one step closer to closing all stores.
Further reading
- "Walgreens to Purchase Pharmacy Files of 185 Fred’s Pharmacies Across Southeastern U.S." Deerfield Park, Illinois; and Memphis, Tennessee: Walgreen's. 2018-09-10.
Whether they close all stores will depend on how they handle this loss of revenue. In many of the places they operate, Fred's is the only general merchandise operator in town, or at least the largest. I suspect the stores they've sold the prescriptions and inventory to Walgreens are only in places where both operate. The Fred's store will remain open, just without a pharmacy.Knight wrote: ↑September 10th, 2018, 10:45 am One hundred eight-five Fred's Pharmacy locations are closing as Fred's sells prescription records to Walgreen's Boots Alliance.
Fred's is one step closer to closing all stores.
Further reading
- "Walgreens to Purchase Pharmacy Files of 185 Fred’s Pharmacies Across Southeastern U.S." Deerfield Park, Illinois; and Memphis, Tennessee: Walgreen's. 2018-09-10.
Most likely these are the ones where even Walgreens does not exist.storewanderer wrote: ↑September 10th, 2018, 8:22 pm Fred's is supposedly keeping 166 pharmacies. I wonder why they didn't sell them all.
Apparently they aren't as flexible as CVS, or they could have worked out an option to operate the pharmacies as they are inside the Fred's stores, as CVS did with Target stores.wnetmacman wrote: ↑September 11th, 2018, 4:40 amMost likely these are the ones where even Walgreens does not exist.storewanderer wrote: ↑September 10th, 2018, 8:22 pm Fred's is supposedly keeping 166 pharmacies. I wonder why they didn't sell them all.
Target store size: 120,000 square feet. Some, but minimal product overlap.BillyGr wrote: ↑September 11th, 2018, 10:31 amApparently they aren't as flexible as CVS, or they could have worked out an option to operate the pharmacies as they are inside the Fred's stores, as CVS did with Target stores.wnetmacman wrote: ↑September 11th, 2018, 4:40 amMost likely these are the ones where even Walgreens does not exist.storewanderer wrote: ↑September 10th, 2018, 8:22 pm Fred's is supposedly keeping 166 pharmacies. I wonder why they didn't sell them all.
This purchase does not include any buildings or merchandise from any Fred's store, just the pharmacy records and inventory. They are not buying any of these stores. They are eliminating competition in the pharmacy. A typical Walgreens runs close to the size of a typical Fred's. While Walgreens could probably pull of a purchase of all of Fred's, it would raise antitrust concerns due to the need to close or divest many of the locations. I would suspect a later announcement will come that will find Walgreens purchasing the remaining stores outright, and Fred's closing the other stores.
Based on photos I've seen, Fred's stores are a few giant steps down from Walgreens. My guess is they do not want to tarnish their brand.wnetmacman wrote: ↑September 11th, 2018, 12:20 pmTarget store size: 120,000 square feet. Some, but minimal product overlap.BillyGr wrote: ↑September 11th, 2018, 10:31 amApparently they aren't as flexible as CVS, or they could have worked out an option to operate the pharmacies as they are inside the Fred's stores, as CVS did with Target stores.wnetmacman wrote: ↑September 11th, 2018, 4:40 am
Most likely these are the ones where even Walgreens does not exist.
Fred's store size: 14,000 square feet. Essentially Walgreens in all but name and some selection.