CVS Abruptly Closes 2 Stores in San Francisco

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Alpha8472
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CVS Abruptly Closes 2 Stores in San Francisco

Post by Alpha8472 » April 12th, 2019, 12:08 pm

CVS closed 2 stores without warning in San Francisco, California. A crude paper sign was posted in the window.

When CVS took over Long's drugs just over 10 years ago, there was only 1 CVS in San Francisco for some time. There were no Rite Aids as Walgreens had bought those SF stores.

Now CVS is looking to flee the city. There were problems at these stores. Shelves were empty as if everything had been shoplifted. Many items were locked up. Walgreens is very busy and successful in this city. They keep things locked up but have employees who restock often.

One of the stores was the scene of a stabbing. A shoplifter stabbed a police officer and the suspect was shot dead. This busy area is filled with drug addicts and homeless people.

storewanderer
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Re: CVS Abruptly Closes 2 Stores in San Francisco

Post by storewanderer » April 13th, 2019, 10:13 pm

Probably better to make a clean break in some cases; pay the employees the 60 days or 90 days or whatever it is they are required to pay them, and be done with it. They also have pharmacies in those Target small format stores in San Francisco. So CVS is still present in that city but Walgreens is the clear leader and always will be, in San Francisco. I don't expect CVS to do a 100% exit from San Francisco like Rite Aid did, but they have made some real estate mistakes, just to "be present" - just like Rite Aid did. Granted, CVS has much deeper pockets than Rite Aid ever had.

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