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Coffee Shop
Why are people leaving California
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<blockquote data-quote="greybeard" data-source="post: 1729839" data-attributes="member: 18945"><p>All over the country and the world, with the recent store theft in S.F. being only part of the reason.</p><p>In 2019, WalgreensBoots filed with the SEC that within the next 24 months, they would be closing 200 stores in the UK and an additional 200 store closures n the USA. </p><p>(Boots is the name Walgreens operates under in the UK, EU and elsewhere in the world)</p><p></p><p><em> These actions have initially focused on the Company's Retail Pharmacy USA division, the Company's retail business in the UK and the Company's global functions. Divisional optimization within each of the Company's segments includes activities such as optimization of stores. The Company previously announced plans to close approximately 200 stores in the United Kingdom on its earnings call for the fiscal quarter ended May 31, 2019. Following a review of the real estate footprint in the United States, which review was also announced on the Company's earnings call for the fiscal quarter ended May 31, 2019, the Company also plans to close approximately 200 locations in the United States..</em></p><p></p><p>Here's what the company has been saying to shareholders:</p><p></p><p></p><p></p><p>As of last Oct, Walgreens has closed 23 out of over 700 stores in California. "<em>Walgreens, which now has 53 San Francisco locations (some of which are pharmacy only) compared with 22 for rival CVS, had already closed 17 San Francisco locations over the past five years. San Francisco Mayor London Breed is among those who said Walgreens may have oversaturated the local market."</em></p></blockquote><p></p>
[QUOTE="greybeard, post: 1729839, member: 18945"] All over the country and the world, with the recent store theft in S.F. being only part of the reason. In 2019, WalgreensBoots filed with the SEC that within the next 24 months, they would be closing 200 stores in the UK and an additional 200 store closures n the USA. (Boots is the name Walgreens operates under in the UK, EU and elsewhere in the world) [I] These actions have initially focused on the Company's Retail Pharmacy USA division, the Company's retail business in the UK and the Company's global functions. Divisional optimization within each of the Company's segments includes activities such as optimization of stores. The Company previously announced plans to close approximately 200 stores in the United Kingdom on its earnings call for the fiscal quarter ended May 31, 2019. Following a review of the real estate footprint in the United States, which review was also announced on the Company's earnings call for the fiscal quarter ended May 31, 2019, the Company also plans to close approximately 200 locations in the United States..[/I] Here's what the company has been saying to shareholders: As of last Oct, Walgreens has closed 23 out of over 700 stores in California. "[I]Walgreens, which now has 53 San Francisco locations (some of which are pharmacy only) compared with 22 for rival CVS, had already closed 17 San Francisco locations over the past five years. San Francisco Mayor London Breed is among those who said Walgreens may have oversaturated the local market."[/I] [/QUOTE]
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