In just the last two years, the country’s three largest pharmacy chains have announced plans to close some 1,500 locations nationwide, a response to increased competition and dampened demand that have bitten into their budgets. This contraction comes as the retail category overall continues to improve slowly after years of bankruptcies and buyouts. Drugstores including Walgreens, CVS and Rite Aid can’t seem to seize on the broader retail reset as consumers find more convenient ways to get their medications and get pickier about the retailers they frequent. 
More closures could be coming, especially in the wake of the September Chapter 11 bankruptcy filing of Rite Aid, the smallest of the three large chains. Rite Aid said in the filing it could close as many as 500 stores.“Sales are down, occupancy… Read the full story here. | 
