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And to think this was a company that wanted to add all those Rite Aid Stores... just goes to show how that would have worked.
I don't think it's so much about tarnishing the brand as it is market penetration. Some of the smaller market stores where a Walgreens exists couldn't support duplicate stores. Some of the larger markets where they coexist already have full market penetration. The smaller markets where Walgreens does not exist are those markets where they do not wish to exist. It's an economic decision. In the places where Fred's stands alone in the pharmacy business was once hailed as their core business. I can't believe they're pulling away from it.
Fred's Pharmacy locations have been counted as separate locations from Fred's store locations.wnetmacman wrote: ↑September 11th, 2018, 5:15 pmThis 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.