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Summary of Here's why Walgreens and CVS retail pharmacies are struggling — and what they're doing to fix it

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Here's why Walgreens and CVS retail pharmacies are struggling — and what they're doing to fix it


Drugstores remain an important fixture of the U.S. health-care system that tens of millions of Americans rely on, but they may need to reinvent themselves.

https://www.cnbc.com/2024/08/18/why-walgreens-cvs-retail-pharmacies-are-struggling.html

The article discusses the struggles of Walgreens and CVS Health stores, including declining profits, store closures, and changing consumer habits. The chains are facing challenges such as declining pharmacy reimbursement rates, increased competition from online retailers, and burnout among pharmacy staff. To adapt, the companies are introducing new models, such as CVS' CostVantage reimbursement model and Walgreens' mini-drugstores.