Walgreens themselves claim it's significant enough to have a major impact on their operations in the city and are proactively shuttering stores in response. Stating that it's insignificant is fine but that won't help keep the Walgreens employees at those stores employed.
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Replying to @justinpobrien @borrfdad and
Walgreens made a billion dollars in profit last year, do you think this is in any way impacting their BILLION DOLLARS OF PROFITS.
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Replying to @Lobsterboyy @borrfdad and
No but they are a faceless corporation and will act rationally by shuttering stores. They have no obligation to continue operating at a loss. It's the security guards and cashiers that lose out. In the case of theft one group benefits at the expense of another.
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Replying to @justinpobrien @borrfdad and
This is the military industrial complex argument but about corner stores lmao
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Replying to @Lobsterboyy @justinpobrien and
Walgreens makes a billion dollars in profits (and made even more hosing people through soaking the gov on covid shot payments) and a petty theft will make them pull out of what is assumingly high value street property? Incredible.
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Replying to @Lobsterboyy @borrfdad and
They have 20+ year leases but do not own the property. And yes they do close underperforming stores.https://www.commercialsearch.com/news/gauging-the-impact-of-200-store-closures/ …
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Replying to @justinpobrien @borrfdad and
A petty theft is not the same as an underperforming store ya bad faith dingus
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Replying to @Lobsterboyy @justinpobrien and
Lmao this article even says everyone expected it beyond the acquisition term, that landlords are being paid rent through term, and they are also closing stores that are now overlapping due to the 4 billion dollar acquisition. Did you even read it?
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Replying to @Lobsterboyy @justinpobrien and
I know its hard to do critical thoughts as a vapid blockchain tech bro but come on “I think the 200 is fairly insignificant in the grand scheme of things,” said John Feeney
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Replying to @Lobsterboyy @borrfdad and
I'm simply making the point that store closures do occur for business reasons all the time.
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And your original point about them closing it due to crime is hilarious and you should feel bad for finding an article saying they close stores for biz reasons instead!
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