Zacks Retail-Pharmacies and Drug Stores industry players like WBA and HLF are likely to gain despite reimbursement challenges that are hurting the overall health of the industry. CVS might struggle in the face of economic challenges.
Opening stores used to mean everything to pharmacy chains. CVS Health once boasted of opening or buying more than 2,900 locations in a five-year period. Now it’s shuttering hundreds, while Walgreens, Rite Aid and independent drugstores also pull back.
Seattle's beloved Bartell’s, now owned by debt-laden Rite Aid, is closing many of its locations. It's the latest symptom of a national health care crisis that hurts all of us.