Why did Eckerd Pharmacy fail?

[Amol S.]

I just entered Junior High School, when it failed around 2007 if I am correct.

I always loved going to Eckerd Pharmacy when I was in elementary school around the turn of Halloween, since their non-pharmaceutical kids items and also their electronic Halloween decorations were the best and most fun. My dad also I think always went there. All I remember was that it was bought out completely by Rite Aid.

 

[Kaido]

 

[Sonikku]

I just entered Junior High School, when it failed around 2007 if I am correct.

I always loved going to Eckerd Pharmacy when I was in elementary school around the turn of Halloween, since their non-pharmaceutical kids items and also their electronic Halloween decorations were the best and most fun. My dad also I think always went there. All I remember was that it was bought out completely by Rite Aid.

And now Rite Aid has been bought out by Walgreens. Businesses are increasingly being consolidated together from multiple smaller companies to singular larger ones with less in the way of competition.

 

[John Connor]

You ask a lot of questions. https://forums.anandtech.com/threads/what-caused-compusa-and-circutciity-to-fail.2528587

 

[mrblotto]

You ask a lot of questions. https://forums.anandtech.com/threads/what-caused-compusa-and-circutciity-to-fail.2528587

OP are you doing some sort of term paper/thesis?

 

[John Connor]

Sounds like it. LOL

 

[Amol S.]

And now Rite Aid has been bought out by Walgreens. Businesses are increasingly being consolidated together from multiple smaller companies to singular larger ones with less in the way of competition.

Is Walgreens going to remove the Rite Aid name completely? Rite Aid seems to be the only drug store chain that has a name that some how relates in some way to medicine.

 

[tynopik]

it didn't fail, it was bought out and sold off and merged

 

[Amol S.]

You ask a lot of questions. https://forums.anandtech.com/threads/what-caused-compusa-and-circutciity-to-fail.2528587

I know, cause I am a person who really like to know about things. I forgot the word that would probably put what I am trying to say in this reply.

 

[Amol S.]

OP are you doing some sort of term paper/thesis?

No, i'm far from a thesis paper as I am currently a undergrad.

 

[BoomerD]

No, i'm far from a thesis paper as I am currently a undergrad.

So...just homework then?

 

[Amol S.]

So...just homework then?

Lol no, nothing related to school at all.

I just remembered the word.

One of my personality traits is that i'm a very curious person.

 

[shortylickens]

I just entered Junior High School, when it failed around 2007

 

[mrblotto]

Lol no, nothing related to school at all.

I just remembered the word.

One of my personality traits is that i'm a very curious person.

Well good for you then.

I used to be inquisitive as well, but now I'm just old and bitter

 

[Amol S.]

????

 

[BoomerD]

????

He's pointing out your youth...

 

[BurnItDwn]

And now Rite Aid has been bought out by Walgreens. Businesses are increasingly being consolidated together from multiple smaller companies to singular larger ones with less in the way of competition.

That deal was not approved. Walgreens is buying 1932 Rite Aide Stores. Rite Aide still exists as a separate company, but with less stores.
https://www.bloomberg.com/news/arti...o-buy-fewer-rite-aid-stores-wins-u-s-approval

 

[Darwin333]

That deal was not approved. Walgreens is buying 1932 Rite Aide Stores. Rite Aide still exists as a separate company, but with less stores.
https://www.bloomberg.com/news/arti...o-buy-fewer-rite-aid-stores-wins-u-s-approval

Wow, Charter can get approval to buy up Time Warner for $65B but they block Walgreens from buying Rite Aid??? The pharmacy market is one of the few markets that mom and pops can still compete in, we have quite a few mom and pop pharmacies around here.

 

[zinfamous]

lol, nice.

To OP, if not already answered: I assume they were bought out by either Walgreens, CVS, or one of the other intermediary drug pushers that were eventually bought out by Wal-CVS

 

[BurnItDwn]

Wow, Charter can get approval to buy up Time Warner for $65B but they block Walgreens from buying Rite Aid??? The pharmacy market is one of the few markets that mom and pops can still compete in, we have quite a few mom and pop pharmacies around here.

They got blocked, their second offer which was to split rite aid with another competitor called Freds was rejected, their third offer to buy 2200 stores was rejected, but, their 4th offer for a smaller chunk of rite aid was allowed.

Personally, I'd love if there was a way to keep the sizes/scales of all the businesses down, but, there are just too many multinationals. It's hard for a large or medium to large to be competitive against international competition, so, big companies grow bigger to stop from being eaten by the even bigger fish in the pond.

 

[Ichinisan]

Revco and Big B Drugs aren't around anymore either.

 

[ElFenix]

lol, nice.

To OP, if not already answered: I assume they were bought out by either Walgreens, CVS, or one of the other intermediary drug pushers that were eventually bought out by Wal-CVS

it was bought up by both walgreens and cvs

https://en.wikipedia.org/wiki/Eckerd_Corporation

 

[BurnItDwn]

it was bought up by both walgreens and cvs

https://en.wikipedia.org/wiki/Eckerd_Corporation

Eckerd was bought by Rite Aid, but, before that, they sold a number of stores to CVS.
I do not believe Walgreens acquired any eckerd stores.

 

[ElFenix]

Eckerd was bought by Rite Aid, but, before that, they sold a number of stores to CVS.
I do not believe Walgreens acquired any eckerd stores.

er, yeah, sorry, rite-aid, not walgreens. i'd just read that wiki page too.

i really can't tell which drug store i'm in when i'm there. i was referred over to a different walgreens when the local one didn't have a med i needed. drove over to that intersection, pulled into the lot, walked into the store all the way to the back, and was surprised when the pharmacist said, "welcome to CVS, how can i help you." the walgreens was kitty-corner.

 

[BurnItDwn]

er, yeah, sorry, rite-aid, not walgreens. i'd just read that wiki page too.

i really can't tell which drug store i'm in when i'm there. i was referred over to a different walgreens when the local one didn't have a med i needed. drove over to that intersection, pulled into the lot, walked into the store all the way to the back, and was surprised when the pharmacist said, "welcome to CVS, how can i help you." the walgreens was kitty-corner.

Some customers surely got frustrated by the buyout process and would have gone to Walgreens. Any time Company A buys Company B, Company C gets some of Company B's business. Not all the customers from Company B will want to shop at Company A.