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

Retail pharmacy chains such as Walgreens and CVS have pivoted from years of endless store expansions to shuttering hundreds of locations across the U.S. to shore up profits.
 
Among the biggest problems has been falling reimbursement rates for prescription drugs and several factors pressuring the front of the store, such as inflation and increased competition.

Those 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. 

Walgreens (Nasdaq: WBA)
Vicki Hodge | Director, Real Estate
CVS Health Corp. (NYSE: CVS)
Katerina Guerraz | EVP, Chief Strategy Officer

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