Local Walgreens store says it’s closing permanently
MARTINEZ, Ga. - Walgreens is planning to close around 1,200 locations, and at least one of them is here.
The chain sent a text message to customers on Wednesday that the store at Washington Road and Bobby Jones Expressway will be permanently closing on Feb. 20.
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The closures are happening as the chain and its rivals struggle to define their role for U.S. shoppers who no longer look to them first for convenience.
Drugstores that once snapped up prime retail space in towns and cities across the country are in retreat. They’ve been battered by shrinking prescription reimbursement, persistent theft, rising costs and consumers who have strayed to online retailers or competitors with better prices.
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Drugstore leaders and analysts who follow the industry say smaller versions of these chains have a future in U.S. retail, but they’re still trying to understand how that will play out.
“They’ve really got to rethink how they do business and, most importantly, what they mean and what value they bring to the customer,” said Neil Saunders, managing director of consulting and data analysis firm GlobalData.
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Saunders said drugstores “have really shot themselves in the foot” because they no longer have a clear way to differentiate themselves from other retailers.
“When you want to get the big bucks from consumers, you have to be a destination for something,” he said. “And unfortunately, drugstores have increasingly become destinations for nothing.”
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