Walgreens to close 150 stores in the US....

[Harpy Eagle]

The labor participation rate tells a frightening story. Look at the 5 year rates on the graph.

US Labor Force Participation Rate Monthly Analysis: Employment Situation | YCharts

In depth view into US Labor Force Participation Rate including historical data from 1948 to 2024, charts and stats.

ycharts.com

Greg

What is frightening about it? What is the optimum LFPR?

Was the US better off in the 60s and 70s than we were in the 90s and 2000s?

 

[Fort Fun Indiana]

The federal reserve and the media and the bureaucrats in DC are hiding the bad economy...

Pure nuttery.

 

[Harpy Eagle]

People are getting prescription drugs by mail in growing numbers.

This is the key. Our insurance requires it for all reoccurring prescriptions, after the 2nd time refilling it locally they will not cover it.

 

[DigitalDrifter]

Unless their pharmacy isn't really REALLY busy, there just isn't the need for so many Walgreens. Take away their pharmacy, and they are just an overpriced convenience store.

 

[Rambunctious]

Pure nuttery.

Then why does every number get revised downward after three weeks when no one is paying attention?....

 

[Harpy Eagle]

Then why does every number get revised downward after three weeks when no one is paying attention?....

They don't. some get revised up, some down. This is what happens as more data comes in

 

[Rambunctious]

They don't. some get revised up, some down. This is what happens as more data comes in

Every number touted by the Biden admin has been revised downward... Biden lies dummy... how many lies will it take for you to wake up?....

 

[Harpy Eagle]

Every number touted by the Biden admin has been revised downward...

Yep, you lied again.

First-quarter economic growth was actually 2%, up from 1.3% first reported in major GDP revision

The U.S. economy showed much stronger-than-expected growth in the first quarter than previously thought.

www.cnbc.com

 

[Harpy Eagle]

Every number touted by the Biden admin has been revised downward... Biden lies dummy... how many lies will it take for you to wake up?....

Oh look, more numbers revised up...Is there a single time you have not been wrong on this forum?

https://www.bls.gov/news.release/pdf/empsit.pdf

The change in total nonfarm payroll employment for March was revised up by 52,000, from +165,000 to +217,000, and the change for April was revised up by 41,000, from +253,000 to +294,000. With these revisions, employment in March and April combined is 93,000 higher than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)

 

[Independent thinker]

Obviously another example of the booming Biden economy and the diligent efforts of Democrat Prosecuting Attorney's tough on crime crackdowns on shoplifting across the country.

No list yet of which stores will be affected...but the usual suspects will likely be the top of the list.

All the Democrat run major metro areas...and there will be the ubiquitous rejoinders of "food desert" and underserved communities...that somehow never manage to come to terms with the concept of cause and effect....

Illinois-Based Walgreens To Close 150 Stores By Next August

We don't have a list yet that identifies which Walgreens stores in Illinois and across the nation are being selected for permanent closure, but it'll be coming out soon.

1440wrok.com

Bet most of them are in the dark blue cities.

 

[Flash]

But yet dumbasses like Banker will tell you on this forum that Potatohead is doing great.

 

[Captain Caveman]

This is the problem. Less and less people are using shops, they use online. A shop with their overheads cannot compete with someone selling China Junk from his garage, or a unit on a cheap out-of-the-way industrial estate.

I said years ago, big high street stores need to downsize slightly by converting the upper floors to rental domestic apartments. The rents are a revenue for the business, in effect, subsiding them. So the shops can bring prices down and even under cut online prices. John Lewis in the UK has started on this idea, can't believe it's taking years for them to cotton on.

John Lewis submits plans for London rental homes in west and south east London

It marks the next stage in the John Lewis Partnership’s plans to build around 1,000 ‘build-to-rent’ homes in West Ealing, Bromley, and Reading

www.standard.co.uk

 

[Carl in Michigan]

I wonder if it's corporate incompetence?

More like "Democrat"/black cities with out of control THEFT

 

[miketx]

More like "Democrat"/black cities with out of control THEFT

And the corps allow that. They must be incompetent to stay.

 

[Carl in Michigan]

considering most corporations support democrats it sure seems like corporate incompetence,,

The only incompetence is deciding to locate to the ghettos

 

[miketx]

The only incompetence is deciding to locate to the ghettos

The only incompetence is deciding to locate to the ghettos

Like I said, incompetence.

 

[Carl in Michigan]

And the corps allow that. They must be incompetent to stay.

But they're NOT staying

 

[2aguy]

I'm sorry to see Walgreen shutting down all those stores. In a small town, it's all that's left if you need something when everyone else is closed.

The small town Walgreens may be the only ones not closed…..the stores in democrat party nightmare cities are likely going to be shut down..,you can only lose so much inventory to theft before you just can’t justify keeping a store open…….,,

 

[2aguy]

It has to be Biden's fault, it cannot be the over saturation of their stores too close to each other (I have 3 within 6 miles) or the fact that mail order prescriptions are on the rise and many insurance companies now require the use of mail order for any reoccurring prescriptions.

Was it Biden's fault when Walgreens closed 200 stores back in 1016/17?

The democrats were in charge of these cities back then too……..

 

[Harpy Eagle]

The democrats were in charge of these cities back then too……..

List all 200 cities they closed stores in....I will be happy to wait