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Rite Aid’s end no bonanza for rivals
Summary by CDR – Chain Drug Review
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Rite Aid’s end no bonanza for rivals
NEW YORK — The closure of 1,260 Rite Aid stores last year created expectations of a demand hand-off to CVS and Walgreens, but new Coresight Research suggests the opportunity was more limited than anticipated.CVS holds a slight proximity advantage, with about 2% more stores within three miles of a closed Rite Aid location than Walgreens. However, neither chain has strong prominence in these neighborhoods, with only 12% of CVS stores and 10% of Wa…
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