Latest news with #Walgreens
Indianapolis Star
14 hours ago
- Business
- Indianapolis Star
Openings/closings: Fashion Mall welcomes athleisure store; 2 neighborhood Walgreens close
Need a shopping break, Indianapolis? As the heat bore down on Indianapolis residents in June, two new stores opened at The Fashion Mall at Keystone, one that sells athleisure wear and the other German designer clothing. Meanwhile, Fishers welcomed a bank that's new to the metro area and two Walgreens shuttered. Here's what's opened around Indianapolis the past month. Openings BOSS BOSS opened at the Fashion Mall next to Abercrombie last month. The German designer brand sells high-end clothes for men and women. Northwest Bank 11 Municipal Drive Suite 150, Fishers, opened June 17 Northwest Bank expanded into the Indianapolis metro area with a new branch at the growing Nickel Plate District in Fishers, the bank's first new location in six years. Northwest Bank operates 19 other branches across Indiana. TravisMathew Fashion Mall at Keystone at the Crossing, opened June 30 TravisMathew, an active wear brand, opened at The Fashion Mall, bringing a dose of sunny California lifestyle to Indianapolis shoppers. The brand was established in Southern California and inspired by the area's lifestyle and culture. Find TravisMathew across from Banana Republic. Closings Walgreens 1505 E 86th St. and 5095 E. Thompson Road Two Indianapolis Walgreens stores closed recently as the pharmacy giant plans to shutter around 1,200 underperforming stores nationwide over the next three years as part of a larger restructuring. The company has struggled with sluggish store sales and hopes the turnaround plan will stabilize the retail pharmaceutical industry.
Yahoo
a day ago
- Business
- Yahoo
Amazon.com, Inc. (AMZN): 'Alexa's Getting An Upgrade,' Says Jim Cramer
Inc. (NASDAQ:AMZN) is one of the . Inc. (NASDAQ:AMZN) is one of the biggest eCommerce companies in America. When compared to other mega-cap technology stocks, Cramer doesn't discuss the firm as often. One rarely discussed aspect of Inc. (NASDAQ:AMZN) that he has mentioned is the firm's potential to disrupt the pharmacy market in the US. Cramer has advised pharma companies like Walgreens to be wary about Amazon stealing their market. The CNBC TV host has also discussed Inc. (NASDAQ:AMZN)'s near-ubiquity due to the firm's presence in lucrative industries such as eCommerce, web services, and cloud computing. This time around, he commented on the firm's digital assistant Alexa: '[In response to Faber asking when the robots will come online] I don't think people realize what's coming. Which is that right now, Alexa's getting an upgrade and it's a digital assistant and it's gonna help you more. And it might be able to turn on your coffee maker, okay. The robot, will say, Mr. Cramer, because I prefer that, Mr. Cramer, how much cream you want today, and I'll say no I gained a pound yesterday can I switch to skimmed. And it'll be like, no problem, Mr. Cramer. The thing will be so subservient, it's really kind of crazy. By the way this is true what I'm saying. I saw one of these at the conference.' Previously, Cramer discussed Inc. (NASDAQ:AMZN)'s latest earnings report: 'Then there's Amazon, which is trading lower after hours because the company gave a conservative forecast for the second quarter, as they typically do. And who can blame them given the impossible-to-game tariff situation. Sales grew 9% year-over-year, topped expectations by over $600 million, led by double digit growth from Amazon Web Services, and the company's increasingly important advertising business. The gross margins there are insane. Earnings per share, meanwhile, is up an incredible 62%. Beat the $1.36 consent assessment by 23 cents. While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Newsweek
a day ago
- Business
- Newsweek
Rite Aid Closures Reach 1,000 as America Faces 'Pharmacy Deserts'
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Rite Aid continues to shutter stores across the country as the company pursues a complete wind-down of its nationwide footprint after filing for bankruptcy for the second time in two years. According to court filings, the pharmacy chain has already marked more than 1,000 locations for closure since it filed for Chapter 11 protection in early May. Why It Matters Rite Aid's decision to shutter or sell-off all of its 1,200 stores – sparked by long-term financial difficulties and a challenging retail environment – comes as other pharmacy chains including CVS and Walgreens scale down their nationwide footprint. The hundreds of stores that are still set to close within the year will limit many Americans' access to health screenings and prescription medications, resulting in what experts are calling "pharmacy deserts" – less-connected communities being left without a sufficient number of nearby drugstores. What To Know In early May, Rite Aid announced plans to file for Chapter 11 proceedings, a move that will result in all of its stores either closing for good or being sold to new owners. CEO Matt Schroeder said the decision was prompted by "financial challenges," exacerbated by "rapidly evolving retail and healthcare landscapes." Since then, the company has issued several rounds of closure notices. In its latest update on June 27, Rite Aid said it would shut another 123 locations across eight states, with California, Pennsylvania and New York the hardest hit. The announcement brought the total for June to nearly 600 and pushed the overall number of closures to 1,070. A Rite Aid store in Pittsburgh, Pennsylvania, Wednesday, June 25, 2025. A Rite Aid store in Pittsburgh, Pennsylvania, Wednesday, June 25, 2025. Gene J. Puskar/AP Photo The difficulties faced by Rite Aid are not unique, however. Other pharmacies including CVS and Walgreens are also reducing their nationwide store presence, which both companies have framed as a means of improving company-wide efficiencies. This sector-wide trend threatens to decrease access to medication for many Americans, raising concerns about the growing phenomenon of so-called pharmacy deserts. Research published in March, prior to the beginning of the Rite Aid closures, from U.S. healthcare company GoodRx found that over 48.4 million Americans – or one in seven – now lack easy access to a drugstore. That marks an increase from 41.2 million in 2021, with the firm saying that 45 percent of U.S. counties could now be classified as pharmacy deserts, meaning large sections of the population are forced to travel significant distances to access essential medications. What People Are Saying Rite Aid CEO Matt Schroeder, upon announcing that the company had commenced Chapter 11 proceedings, said: "For more than 60 years, Rite Aid has been a proud provider of pharmacy services and products to our loyal customers. While we have continued to face financial challenges, intensified by the rapidly evolving retail and healthcare landscapes in which we operate, we are encouraged by meaningful interest from a number of potential national and regional strategic acquirors. As we move forward, our key priorities are ensuring uninterrupted pharmacy services for our customers and preserving jobs for as many associates as possible." Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, previously told Newsweek: "For some major retailers, 2025 is becoming a year of consolidation. Retail locations that have struggled in recent years to remain profitable due to rising costs and less demand are being shuttered, as companies focus their efforts on more successful stores. The hope is these closures will ultimately produce more fiscal and operational efficiency, but it will come at the cost of customers who favored these locations having fewer options." What Happens Next? Many of Rite Aid's locations and prescription files have already been sold to competitors such as CVS. Last week, Rite Aid secured court approval to sell its Thrifty Ice Cream brand to a Monster Beverage-linked company for $19.2 million. With pharmacy closures set to continue throughout 2025, the likelihood is growing that more Americans will find themselves struggling to access essential medication.
Fast Company
2 days ago
- Business
- Fast Company
Rite Aid store closures: Latest list of doomed locations brings grim total to more than 1,000 pharmacies
The number of Rite Aid stores marked for closure just hit a grim milestone. In a bankruptcy court filing last week, the ill-fated pharmacy chain disclosed another 123 locations that will close their doors as it works through its Chapter 11 proceedings and commences with a full wind-down of its operations. With this latest list, Rite Aid has now marked more than 1,000 locations for closure since it filed for bankruptcy in early May. At the time of its original filing, Rite Aid said it had 1,277 pharmacies in operation. Previous waves of Rite Aid closures The shutterings have been happening for several weeks. In previous bankruptcy filings, Rite Aid has posted no fewer than eight notices of store closures, in addition to the initial notice of closures it posted when it first sought Chapter 11 protection. You can find lists of its previous closure notices below: May 5: 47 initial locations May 9: 68 additional locations May 16: 95 additional locations May 23: 151 additional locations May 30: 111 additional locations June 5: 25 additional locations June 6: 207 additional locations June 13: 125 additional locations June 20: 118 locations June 27: 123 locations (full list below) What will happen to Rite Aid when this is all over? Rite Aid is going out of business, meaning all of its stores will either close or be sold to new owners. The company has already sold off most of its prescription files to competitors, including CVS, Walgreens, and Albertsons. CVS has also said it will take over 64 physical Rite Aid locations in three states. Last week, Rite Aid also named bidders for many of its remaining assets, including its Thrifty ice cream brand, as Fast Company reported. Thrifty's winning bidder, a limited partnership linked to Monster Energy executives, has so far not said what it plans to do with the brand. In addition to Thrifty, Rite Aid has identified bidders for dozens of its stores, court documents reveal. A hearing on the sale of these assets is planned for today, 'or soon thereafter.' Which Rite Aid stores were included in the latest closure notice? Rite Aid listed 123 locations on its ninth notice of closures. The stores span eight states, with California, Pennsylvania, and New York being hit the hardest. Fast Company reached out to Rite Aid to ask about the timeline of the closures. The full list is below: California 6410 Platt Avenue, West Hills, CA 91307 28100 S Western Avenue, San Pedro, CA 90732 135 Sunset Avenue, Suisun City, CA 94585 1500 Anna Sparks Way Suite D, McKinleyville, CA 95519 48 Robertson Blvd, Chowchilla, CA 93610 262 North Highway 65, Lindsay, CA 93247 17055 Van Buren Boulevard, Riverside, CA 92504 4710 Commons Way, Calabasas, CA 91302 111 North Main Street, Santa Ana, CA 92701 3745 East Foothill Boulevard, Pasadena, CA 91107 601 Pine Avenue, Long Beach, CA 90802 2819 Hopyard Road, Pleasanton, CA 94588 955 Tamarack Avenue, Carlsbad, CA 92008 6455 Pacific Avenue, Stockton, CA 95207 200 Fairmont Shopping Center, Pacifica, CA 94044 27177 Highway 189 Suite E, Blue Jay, CA 92317 108 West Anaheim Street, Wilmington, CA 90744 1207 Grand Avenue, Arroyo Grande, CA 93420 405 West Imperial Highway, Brea, CA 92821 650 Walnut Avenue, Greenfield, CA 93927 431 Corte Madera Town Center, Corte Madera, CA 94925 11096 Jefferson Boulevard, Culver City, CA 90230 6420 Rio Linda Blvd, Rio Linda, CA 95673 1201 South Coast Highway, Oceanside, CA 92054 1355 MacArthur Boulevard, San Leandro, CA 94577 802 Beverly Boulevard, Montebello, CA 90640 130 Alamo Plaza, Alamo, CA 94507 12319 South Norwalk Boulevard, Norwalk, CA 90650 1449 East F Street Suite 102, Oakdale, CA 95361 7100 Avenida Encinas, Carlsbad, CA 92011 2424 Spring Street, Paso Robles, CA 93446 2938 West Rosamond Blvd., Rosamond, CA 93560 1237 West Carson Street, Torrance, CA 90502 19205 Sonoma Highway, Sonoma, CA 95476 387 E Avenida De Los Arboles, Thousand Oaks, CA 91360 640 Edith Avenue, Corning, CA 96021 8914 Valley Boulevard, Rosemead, CA 91770 8760 19th Street, Rancho Cucamonga, CA 91701 1076 West Kern Street, Taft, CA 93268 10465 Sunland Boulevard, Sunland, CA 91040 9482 California City Boulevard, California City, CA 93505 3142 G Street, Merced, CA 95340 Connecticut 1619 Post Road, Fairfield, CT 06824 30 Germantown Road, Danbury, CT 06810 Maryland 9300 Lakeside Boulevard, Owings Mills, MD 21117 New Hampshire 145 Amherst Street, Nashua, NH 03064 6 South Main Street, Plymouth, NH 03264 53 South Broadway, Salem, NH 03079 73 Exeter Road, Newmarket, NH 03857 New Jersey 702 Browning Road, Brooklawn, NJ 08030 596 Shrewsbury Avenue, Tinton Falls, NJ 07701 354 State Route 57 West, Washington, NJ 07882 10 Lincoln Highway, Edison, NJ 08820 2093 Route 130 N, Burlington, NJ 08016 755 Memorial Pkwy (US Hwy 22), Phillipsburg, NJ 08865 100 Warwick Road, Stratford, NJ 08084 1 North New Prospect Road, Jackson, NJ 08527 1210 Route 130 N Ste 1408, Cinnaminson, NJ 08077 New York 3950 Union Road, Cheektowaga, NY 14225 4407 Military Road, Niagara Falls, NY 14305 804 Route 82, Hopewell Junction, NY 12533 1200 Deer Park Avenue, North Babylon, NY 11703 60 Central Avenue, Lancaster, NY 14086 46 Kellogg Road, New Hartford, NY 13413 391 West Main Street, Huntington, NY 11743 511 Hooper Road, Endwell, NY 13760 701 Route 211 East, Middletown, NY 10941 81 1st Avenue, New York, NY 10003 214 Central Avenue, Silver Creek, NY 14136 50 Great Neck Road, Great Neck, NY 11021 871 Saw Mill River Road, Ardsley, NY 10502 1410 Delaware Avenue, Buffalo, NY 14209 7804 Buffalo Avenue, Niagara Falls, NY 14304 5125 Merrick Road, Massapequa Park, NY 11762 1224 East Lovejoy Street, Buffalo, NY 14206 168 North Village Avenue, Rockville Centre, NY 11570 Pennsylvania 1205 Ben Franklin Highway West, Douglassville, PA 19518 801 South 9th Street, Philadelphia, PA 19147 3599 West Chester Pike, Newtown Square, PA 19073 4000 Woodhaven Road, Philadelphia, PA 19154 217 South Blakely Street, Dunmore, PA 18512 4965 Carlisle Pike, Mechanicsburg, PA 17050 101 Wallace Avenue, Downingtown, PA 19335 77 Reuters Boulevard, Towanda, PA 18848 3601 Midvale Avenue, Philadelphia, PA 19129 2501 Banksville Road, Pittsburgh, PA 15216 9280 Krewstown Road, Philadelphia, PA 19115 26 West Independence Street, Shamokin, PA 17872 916 State Street, Erie, PA 16501 7615 Lindbergh Boulevard, Philadelphia, PA 19153 980 East Main Street, Palmyra, PA 17078 4411 Howley Street, Pittsburgh, PA 15224 1 Ice Cream Alley, Newtown, PA 18940 1328 Chestnut Street, Emmaus, PA 18049 201 Grace Street, Pittsburgh, PA 15211 705 W Lancaster Avenue, Bryn Mawr, PA 19010 5277 Simpson Ferry Road, Mechanicsburg, PA 17050 262 Connellsville Street, Uniontown, PA 15401 577 South Main Street, Shrewsbury, PA 17361 500 East Lancaster Avenue, Shillington, PA 19607 284 East Lancaster Avenue, Wynnewood, PA 19096 5707 Easton Road, Pipersville, PA 18947 5675 York Road, New Oxford, PA 17350 820 Main Street, Royersford, PA 19468 925 Merchant Street, Ambridge, PA 15003 44 Kings Village, Minersville, PA 17954 401–403 South Main Street, Old Forge, PA 18518 1924 Fairmount Avenue, Philadelphia, PA 19130 7972 Castor Avenue, Philadelphia, PA 19152 791 Scranton Carbondale Hwy, Eynon, PA 18403 827 N. Center Street, Corry, PA 16407 7700 Crittenden Street, Philadelphia, PA 19118 1593 Elmira Street, Sayre, PA 18840 105 West Main Street, North East, PA 16428 696 Stoney Hill Road, Yardley, PA 19067 110 Main Street, Hellertown, PA 18055 2411 Columbia Blvd, Bloomsburg, PA 17815 Washington 6602 64th St NE, Marysville, WA 98270 10625 NE 68th St, Kirkland, WA 98033 8862 161st Ave NE, Suite 102, Redmond, WA 98052 17254 140th Ave SE, Renton, WA 98058 3130 Simpson Avenue, Hoquiam, WA 98550 100 N 85th St, Seattle, WA 98103
Yahoo
3 days ago
- Business
- Yahoo
Walgreens Boots Alliance, Inc. (WBA) Has Surprised Jim Cramer With Earnings
Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is one of the . Walgreens Boots Alliance, Inc. (NASDAQ:WBA) is the embattled pharmacy retailer which is going private. Its shares have gained 24.6% year-to-date primarily on the back of its deal to go private. Cramer has frequently discussed the stock this year. In his earlier appearances, the CNBC host has praised the deal as he was worried that Walgreens Boots Alliance, Inc. (NASDAQ:WBA) would become a 'zombie' otherwise. This time around he discussed the firm's latest quarter and explained why the shares hadn't moved despite the upbeat results: 'Positive news here in the M&A front. Walgreens. Sycamore's buying them. They reported a very good quarter last night. First upside surprise that I can recall. Remember Sycamore's getting the actual drug stores. But I think this is actually very hopeful for Sweeney and his team. I also think David that perhaps, they get to sell some of these healthcare clinic businesses and you're gonna find that this is, it's going to work. I can't believe it. A pharmacist discussing the health benefits of a prescription medication with a customer. Cramer discussed Walgreens Boots Alliance, Inc. (NASDAQ:WBA) after Sycamore decided the acquire the firm. Here's what he said: 'A few weeks ago, Walgreens decided to sell out to a private equity firm, a storied name. See you later. The company that's buying them? Sycamore. I think this was a great deal for Walgreens because otherwise, I figured it would go the way of the zombie firm…. But let's see if things have gotten better or if maybe, there's some real buyer's remorse. Nothing would shock me.' While we acknowledge the potential of WBA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
