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CVS

Started by Caldor1999, May 02, 2005, 04:06:51 PM

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Retail Regents

Quote from: BillyGr on September 14, 2019, 12:55:51 PM
Built as Rite Aid and then closed when they were having financial issues - hadn't been around too long as I remember.

CVS used to be down 146 in the small shopping plaza (the one that was in the news this week for a gas leak) and moved in shortly after Rite Aid closed up and has been there since.

Around the same time Rite Aid was building a store on Central Avenue and Fuller in Albany - that one never opened, and was taken over by the current tenant (Goodwill).

Can't remember exactly when this was, but probably either very late 1990's (like 1999) or early 2000's - somewhere between their acquisitions of Thrifty in 1996 and Brooks/Eckerd in 2007.

My guess would be... 2002? I know the shopping carts are from late 2001 and I believe there was a time where a few stores were sold to CVS c. 2002. Perhaps this was one of those?

JimSawhill

Quote from: retailisking on March 07, 2019, 01:16:57 AM
At over 60,000 square feet the former Katz Drugs was several times larger than their typical 12,000 sq. ft. It also had a distinctive zig-zag roofline. Years of neglect really show in the condition of the roof.

https://www.news-leader.com/story/news/local/ozarks/2019/03/04/cvs-store-location-glenstone-close-april-fools-day/3054796002

I wonder what will happen to that building...

retailisking

I'm behind the curve on this, but CVS is closing an additional 22 locations (one casualty is the Pine Tree Shopping Center location in Portland, ME which I noted under malls.)
https://www.usatoday.com/story/money/2019/11/06/cvs-store-closings-22-stores-shutter-2020/4175916002/

TheFugitive

CVS has announced that they are cutting 5000 jobs, mainly administrative and home office positions.  This is a cost cutting move.

https://www.msn.com/en-us/money/companies/cvs-to-lay-off-5000-employees-in-push-to-shed-costs/ar-AA1eDVUc