Walgreens bringing new small-store concept to city’s south side

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One thought on “Walgreens bringing new small-store concept to city’s south side

  1. As reported in the July 20, 2019 Wall Street Journal (Disaster at the Drugstore– A surge in online drug sales could pose a threat to CVS, Walgreens and Walmart), with the advent of widespread pharmacy delivery by the large internet retail & delivery companies, the brick-and-mortar drugstore business is likely to soon experience a huge surplus of vacant space. Walk-in customers, previously relied upon to support front-of-store retail, will cease to visit the stores. It’s likely that many of these large drugstores, which were sited in large numbers throughout Indianapolis and often in close proximity to each other during the so-called “high-velocity environment” of drugstore expansions of the 1980-90s, will be seeking health related co-tenants to fill the non-productive front-of-store retail space. This is already occurring. Thus it’s especially imprudent to build new private medical service facilities in our public parks, with the prospects that much built retail space will become vacant in the near future. And now this additional new model of new mini-stores, e.g. reducing from 13, 500 square feet down to 2,400.

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