CVS is another one of those chains that's been floundering for some time, although the current economic climate isn't helping.
They overexpanded trying to keep up with Walgreens (also not having the best time right now,) quit selling cigarettes and alcohol (major profit center,) and they're higher priced on everything else because they're a pharmacy - not a wal-mart.
Two-three aisles of health related goods and a ton of overpriced crap is a hard sell in a good economy.
Yea, businesses that are marginal only survive in a very hot economy. I'm not too concerned about most of these businesses collapsing. Sometimes, you need a big fire to take down everything so you can start over.
A store like that almost needs to be as cyclical as the economy is...pulling back to a core set of locations during the bad times, and expanding out when times are good.
That would take a massive amount of planning and logistics to do that, and it would probably lag the cycles by quite a bit. But you know, the good times last forever or so I've been told.
You and I both work in the semiconductor industry and you know the seven year cycle the industry goes through constantly. Only this cycle is much more severe due to Commiela and the globalists jews.