OT: why Walgreen’s is in trouble.

[RAMd®d]

more than $10k worth of goods per day.


WTF?!

Here in CA, there were counties where the DAs wouldn't prosecute for less than $950 per crime.

But $10,000?!

That's insane.

In other news, wholesale theft from Big Box stores has caused some big stores to just leave.

I did see a YouTube video of some guy wheeling/dragging a big tub like a 33gal trash can into a drug store and start sweeping just about anything into the bin.

Two store staff whupped on him big time.

At some point I imagine the crook wanted to cal 9-1-1.

He was not happy.

[ztirffritz]

Usually, when someone is abusing a monopoly position, they are ripe for disruption from an angle that they didn't see coming. Mark Cuban and Amazon are trying to bypass insurance entirely. Most people are now being herded toward an HSA high-deductible health plan. That means you pay out of pocket and reimburse yourself from a tax advantaged fund. If you can dodge your own insurance and pharmacy you can often cut the price of prescriptions by massive amounts for common medications. The problem here is that the insurance companies are wagging the dog. It's not behaving like a free-market, but rather more like a fascist dictatorship where some central bureaucracy is dictating the price. Insurance companies are telling pharmacies if you want the profit on drugs A,B, and C you have to accept the loss you'll take on D,E, and F. Amazon and, separately, Mark Cuban are just skipping insurance completely or trying to be so large that they can push back against the insurance companies. They're trying to sell drugs directly at their cost +margin to the end customer.

Mark Cuban's Cost Plus Drugs:
https://www.costplusdrugs.com/

Amazon Pharmacy:
https://pharmacy.amazon.com/?ref_=pd_sl_..._EDS_dev_c&gclid=Cj0KCQjwytS-BhCKARIsAMGJyzoam0JRP8Ijw3J0ukH1BRGpWcqh3x7EMmGgYaHdj4_tCFOPqMxWWAQaAqnpEALw_wcB

[M A V I C]

vision63 wrote: Whatever is horrible for you where you live, the same thing is horrible for somebody in say Little Rock, Arkansas.

But is it though?

RAMd®d wrote:
more than $10k worth of goods per day.


WTF?!

Here in CA, there were counties where the DAs wouldn't prosecute for less than $950 per crime.

But $10,000?!

That's insane.

Exactly. It's not the same. Most other places have much, much, much lower limits on what they'll prosecute for.

[vision63]

M A V I C wrote:
[quote=vision63] Whatever is horrible for you where you live, the same thing is horrible for somebody in say Little Rock, Arkansas.

But is it though?

RAMd®d wrote:
more than $10k worth of goods per day.


WTF?!

Here in CA, there were counties where the DAs wouldn't prosecute for less than $950 per crime.

But $10,000?!

That's insane.

Exactly. It's not the same. Most other places have much, much, much lower limits on what they'll prosecute for.
Places where people like you and I live are judged by the exceptions and not the rules. Numerically, hardly nobody is committing crimes. Places where Republicans dominate, are judged by the rule and not the exceptions.

That's a standard understanding from when I was young as a Black kid navigating a city where you're the minority. Now it's entire cities simply because they don't like the politics. Miami doesn't have scale? Atlanta doesn't have scale? Dallas/Houston? Even Phoenix. It's crawling with homeless drug addicts that have to get dope money some kind of way.

California has 40 million people. About the same as Canada. There's more crime to point to. People will compare California to Wyoming in a heartbeat. Fresno has more people.

[Tiangou]

RAMd®d wrote:

In other news, wholesale theft from Big Box stores has caused some big stores to just leave.

That was a lie some big corporations were promoting to cover up the fact that they were simply closing less profitable stores and creating food deserts. When Target announced that stores were closing because of theft, people quickly discovered that the stores they closed were among those with the least theft in the chain.

Unfortunately, it captured people’s imaginations and is now a go-to excuse. While there are some tiny hotspots, retail theft has been dropping for many years across the country.

https://www.brennancenter.org/our-work/r...tail-theft

[RAMd®d]

So, no wholesale theft from Big Box stores has caused any big stores to just leave.

Got it.

[Black]

RAMd®d wrote:
more than $10k worth of goods per day.


WTF?!

Here in CA, there were counties where the DAs wouldn't prosecute for less than $950 per crime.

But $10,000?!

That's insane.

In other news, wholesale theft from Big Box stores has caused some big stores to just leave.

I did see a YouTube video of some guy wheeling/dragging a big tub like a 33gal trash can into a drug store and start sweeping just about anything into the bin.

Two store staff whupped on him big time.

At some point I imagine the crook wanted to cal 9-1-1.

He was not happy.

Grounds for instant dismissal at any retail chain.

[Black]

Theft was a main reason all the CVS and Walgreen's and even 7-11s in downtown Chicago are now empty storefronts.
When Walmart closed a bunch of mid-sized stores in Chicago they claimed that the stores had never made a profit in 14 years due to theft, which I don't believe and I think is an example of hiding behind right-wing talking points.


Both can be true.

[vision63]

Black wrote:
Theft was a main reason all the CVS and Walgreen's and even 7-11s in downtown Chicago are now empty storefronts.
When Walmart closed a bunch of mid-sized stores in Chicago they claimed that the stores had never made a profit in 14 years due to theft, which I don't believe and I think is an example of hiding behind right-wing talking points.


Both can be true.

But it's not really. In San Francisco, the story will be "Walgreens closing 9 stores." Then everybody will start crying and wailing about theft, doom loop etc. But the story really was "Walgreens to close 1200 Stores."

"Macy's Union Square Closing." Oh Dooooom Loooop. Of course it was one of 150 stores announced to close. But "only" the San Francisco store mattered. Just like I'm sure "only' the Macy's State Street store matters. That's just MAGA.

Amazon is destroying retail. There's your reason. The entire mentality of this country had to change in order to allow the evil that is Trump and Trumpism to take hold.

Pit everyone against one another and make everyone hate their own country. Have no pride. Won't even defend it.

[Black]

vision63 wrote:
[quote=Black]
Theft was a main reason all the CVS and Walgreen's and even 7-11s in downtown Chicago are now empty storefronts.
When Walmart closed a bunch of mid-sized stores in Chicago they claimed that the stores had never made a profit in 14 years due to theft, which I don't believe and I think is an example of hiding behind right-wing talking points.


Both can be true.

But it's not really. In San Francisco, the story will be "Walgreens closing 9 stores." Then everybody will start crying and wailing about theft, doom loop etc. But the story really was "Walgreens to close 1200 Stores."

"Macy's Union Square Closing." Oh Dooooom Loooop. Of course it was one of 150 stores announced to close. But "only" the San Francisco store mattered. Just like I'm sure "only' the Macy's State Street store matters. That's just MAGA.

Amazon is destroying retail. There's your reason. The entire mentality of this country had to change in order to allow the evil that is Trump and Trumpism to take hold.

Pit everyone against one another and make everyone hate their own country. Have no pride. Won't even defend it.
They can both be true. Theft and lack of police resources is very definitely a main reason behind all the empty storefronts in the Chicago Loop. And, no reasonable person would suggest that the advent of e-tail is not a factor as well.