The following report is from Reuters:
CVS Health Corp will shut about 900 stores over the next three years, it said on Thursday as the company tries to adapt to changing consumer preferences by pivoting to new store formats that offer more health services.
Best known for its chain of drugstores in more than 9,900 locations, the company has been working to expand its services since it acquired health insurer Aetna in 2018.
CVS said that as part of its strategic review it would create an enhanced version of its health hubs that offer treatment for common ailments as well as chronic care to add more customers.
The reduction in stores will result in CVS taking an impairment charge of between $1 billion and $1.2 billion in the fourth quarter.
As part of the new strategy, the company also created a new position of chief pharmacy officer and appointed executive vice president of specialty pharmacy and product innovation Prem Shah to the role.
We see this as consistent with our expected LT (long-term) strategy for CVS, moving to grow managed care and care delivery, while shrinking legacy bricks-and-mortar retail business.
Bernstein analyst Lance Wilkes in a note
Rival Walgreens Boots Alliance also recently shifted focus beyond its drugstores, investing $5.2 billion in VillageMD and $330 million in post-acute and home care provider CareCentrix.
CVS cut its annual 2021 profit per share forecast to between $5.46 and $5.67 from $6.13 to $6.23, but stuck to its adjusted profit view saying there will be no impact from the store closures this year and the next.
It also said Neela Montgomery, president of CVS Pharmacy, would leave company at the end of 2021.
AUTHOR COMMENTARY
I am mentioning this report because it further demonstrates the rapid death of brick & mortar stores (regardless of what is sold), and now evolving into more “convenient” options. Amazon has their pharmacuetical division that can quickly send out prescriptions and drugs; so CVS, Walgreens, RiteAid, etc., must swim or sink.
Therefore, more jobs will be lost, as more automation takes over the production and distribution centers.
But, per usual, stay away from these drugs: they do more harm than good.
Study Finds High Blood Pressure Medications Make The Issue Worse
[19] Now the works of the flesh are manifest, which are these; Adultery, fornication, uncleanness, lasciviousness, [20] Idolatry, witchcraft, hatred, variance, emulations, wrath, strife, seditions, heresies, [21] Envyings, murders, drunkenness, revellings, and such like: of the which I tell you before, as I have also told you in time past, that they which do such things shall not inherit the kingdom of God. Galatians 5:19-21
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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I believe that Protocol 10 of that Jesuit-propaganda ‘Protocols of Zion’, and the Cloward-Piven strategy sheds some more light on this, too. It surely wasn’t about ‘customer choices’ or ‘customer preferences’. Making sense of some things, & in line with Bible.
Theft has been ramping up for decades in retail, & it was not allowed to be handled in store, or even mentioned. Not just CVS, but across the board. The cost & added price to operate brick & mortar stores was ruinous to the little guys & local drugstores, not to mention the socialist taxes & hiring liabilities. They’re about gone….and what will people do locally when the inner city & rural small-town corporate stores go away, too? More pressure cooker agitation & crisis, & herding the surviving people where they want them to go. Wise as serpents, harmless as doves.
Sometimes…oftentimes… that means doing the opposite of what the world deems ‘smart’ or ‘wise’. Not always, for Jesus said, Luke 16:8 And the lord commended the unjust steward, because he had done wisely: for the children of this world are in their generation wiser than the children of light.
Though he did say, ‘in their generation’, not speaking with regard to eternity.
What theft charges were made, were made selectively & through a layer of security policing & agencies….creating crony jobs. And those non-violent offenders then went into the ‘private prison’ system & jobs program like non-violent drug offenders did, and like Kamala Harris ran. It’s insane the number of college educated ‘educators’, counselors, service providers, etc….not to mention the jurisprudence jobs & angle…ride the private prison & ‘tough on crime’ wagon.
Harris, a ‘woman of color’ who just happens to be descended from white elite slave-holding Jamaicans! Funny how that happens.
I personally know a white liberal feminist ‘ally’ who considers herself politically conservative who worked in CVS management for over a decade in black southern cosmopolitan areas. It got so bad that even she couldn’t stand the corporate policies & demands to turn a blind eye to theft, & to black theft in particular, while also turning a blind eye to black employee attitude & refusal to do their jobs, with everyone else having to pick up the slack.
Good managers were worked half to death & sent to different stores hither & yon to put things back in order under black mismanagement….while they were necessary & promotion & advancement was closed to them! White employees, first men, then women, were fired in a heartbeat for the same infractions. Open secret though it’s verboten to speak of such things.
We used to wonder about the insanity of it, as well as the unfairness, and smart, honest black people doing a good job resented being classed & demeaned by being equated with such: assumed to be ‘too stupid’, lazy, or immoral to make the grade by merit by the whites, and kiss-ups & ‘uncle tom’s by many of the blacks.
Now I see that they were cunning as foxes & knew exactly what they were doing! God help the minorities….and women & children…. when this thing gets flipped.
Obviously covid & the corporate Trump/Biden deals & pharma, desire to go digital & offsite in accordance with the Great Reset was a foreseen thing by upper management & owners……. remember the applause in the White House rose garden as these big corporations turned up to be ‘covid heroes’ & to meet the ‘need’ when the hero Trumpster ‘right’ called for their ‘patriotic’ involvement & production to ‘beat covid’?
The gal I know left CVS for Lowes about a year before covid….since many independent minded men (and wise to the college degree golden handcuffs debt trap) turned to subcontracting & small home improvement jobs; heating & cooling, and plumbing type trades: that’s still viable for the time being & those corporate businesses are still fairly strong.
In the decades before that, many of the independent types went into trucking. That industry has pretty much been ‘transformed’ though by online satellite tracking & scheduling, even auto weigh stations, & by training & placing immigrants with lower expectations & subservient, serflike attitudes into those jobs. This ‘shortage’ thing, no doubt, is designed to break what unions & working wage, Bill-of-Rights-freedom-cherishing attitudes remain.
The shutdowns were HORRIBLE for men & women on the road, & they’re being worked half to death now, while being hounded by the corporatist vaccine mandates & the mask nazis manning security guard stations & gates. Many places set up port-a-johns & won’t even allow drivers to use heated restrooms, break rooms etc as formerly. Even fast food restaurants made them stay in the parking lot. Anyone in that industry in a position to retire that I know of has done so.
The PC insanity & general tenor & attitude of the type of people Lowe’s serves seemed so much better to her: though it’s still insane the PC stuff they put up with: people buying mowers & returning them for full refund or replacements after using them etc….never intending to keep or maintain them in the first place, for example.
The professional side of Lowes’ business, DID take a hit with covid, though it kept them going, because a lot of those guys (at least here in Ohio) kept working, & the kind of people hiring them seemed not to fear covid more than getting their first & second homes retrofitted & updated! Of course, they’re not planned ‘shortages’ proof. We’ll see how that goes.
This gal masked up, & took the jab to keep working, & thinks that it’s everyone’s duty to do so, not seeing the connection to what she fled at CVS. : – ( Something a lot of the independent businessmen she works with at Lowe’s refused to do, though they’ll wear a mask for the 10 or 20 minutes necessary to pick up orders to keep the nags happy. (Many of them purposely wearing them improperly & below the nose, mouth or chin. She thinks it’s because they’re ‘stupid’. You’d think she’d do a comparison to the type of consumer she had to deal with at CVS, or what we’ve tried to tell her, & adjust her thinking….but no sign of that yet. She’s tight with some emergent & Masonic types, & no Bible Christian, so maybe she got the saline shot. I’m noticing some patterns, & hope folks here will share what they are seeing in that regard. Sell-out non-Catholic high profile evangelicals aren’t faring so well. I’m told that’s ‘conspiracy theory’.)
College ed-ji-tation will puff people up & blind them like that. It’s also what made her an ‘ally’, going to school on girls’ athletics ‘scholarships’ & grants. I know it wasn’t her upbringing.
As if the cause for the CVS and big corporation ‘heroism’ was ‘customer preference’ or ‘choice’….while the remaining little locals were put out of business. And, as if the OSHA and Nader-type regulation, chemical & corporate/gov farming ‘management’ & monopolies, & the off-shoring of American production & clothing manufacturing etc …and covid, weren’t all designed to the same end of destroying rank-&-file American freedom & independence, taking it all back under Rome & her occulted cronies & managers. A worldwide corporate fascist/communist State deal.