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I think the last two years is a true test on what companies / industries are truly recession proof. People thought home improvement stores was one but both Lowes and Home Depot closed stores last year. Computer stores are closing (some are being replaced by places like Pack-Mail also offering PC services and web design). Book stores closed a lot (we lost quite a few Borders and I think even a B&N), fabric stores went under, even companies like Office Max closed stores. Even a dollar store or two in my area closed!
But I noticed two companies that not only haven't closed any stores but are gobbling up real estate and planting stores wherever they can - they're being extremely aggessive.
The companies? CVS and Walgreens. Three years ago there was at least 4 (total) near my house (5-10 minute drive). Now, there's over 10.
I'm wondering if this rush is to keep the other out, a long term strategy or will we be looking at massive layoffs and closings with these two companies?
Last edited by draggar; 01-29-2010 at 11:53 AM.
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As long as they are run efficiently they will do well. The nations demographics are shifting rapidly as the baby boomers are reaching retirement age. Most medical / pharma companies / jobs / domains? can do well as long as they aren't regulated/taxed/underpaid out of business.Originally Posted by draggar
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Last edited by 500,000; 01-11-2011 at 11:20 PM.
CVS and Walgreens are going to take over the world. I live just off Sheridan and I-75 and off the top of my head, there are 2 CVS' and 6 Walgreens within a 3-4 mile radius. Probably more to be quite honest. New shopping plazza's are popping up like there is no tomorrow.
They just opened a huge one on Pines Blvd, almost right on I-75. Big ol' golf store, Barnes & Noble, pub's, steak houses (Best damn steak - Brimstone) and Designer clothing stores, etc. I haven't seen any B&N closing down and considering now we have two big ones within 2-3 miles of each other, I think they are doing pretty good... Maybe its the $8 coffee's keeping them afloat? ^_^
I did notice all the dollar stores around here are gone (there was maybe one or two), but they had been there forever. Office Max's are really going down hill, there use to be three around here, they all closed, than another one opened up just down the street and within 6 months was closed as well. Crazy.
---------- Post added at 12:37 PM ---------- Previous post was at 12:37 PM ----------
The new Walgreen's around here have a coffee bar and fountain drink refreshments... all we are waiting for is the Slurpee's.
I haven't been in that area in a while but there are other areas expanding commerically - Lyons up by Sample is an example. University and 441 are pretty much built up and over priced.
Bad pun.I haven't seen any B&N closing down and considering now we have two big ones within 2-3 miles of each other, I think they are doing pretty good... Maybe its the $8 coffee's keeping them afloat? ^_^I heard the B&N at the Galleria closed but I haven't been there to see.
Some to my neck of the woods (the ghetto)- plenty near me.I did notice all the dollar stores around here are gone (there was maybe one or two), but they had been there forever. Office Max's are really going down hill, there use to be three around here, they all closed, than another one opened up just down the street and within 6 months was closed as well. Crazy
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Lots of mergers going on in the Pharmacy sector. However, their biggest threat is Wal-Mart. Wal-Mart has made it plainly known that they want to be the pharmacy of choice in the US. And if that means closing others, then so be it.
Also, Wal-Mart is now going after the electronics market in a big, big way. They also want to be the number one retailer of electronics. I am sure that has a big impact on Circuit City going under.
As for computers - I was just reading yesterday that netbooks and notebooks are selling at zero margin because the market is so active and everyone is underselling every one else. And now with the release of tablet PC's like the iPad will make that market diminish even more.
---------- Post added at 01:06 PM ---------- Previous post was at 01:02 PM ----------
As an aside, two products that have been recession, depression, and prohibition proof are cigarettes and liquor.
It doesn't matter the circumstances that people are in, they can always scrounge up a dime for a cig and a drink - or make their own and roll their own.
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Last edited by 500,000; 01-11-2011 at 06:46 PM.
I would never purchase any high priced / important Electronics from Wal-mart, I think anyone who really knows anything about electronics wouldn't either. They have special models made for them using lower quality materials.
I get my prescription at Publix, theres 100 of those in a 2 mile radius and Wal-mart is always packed beyond belief.
HOW DARE YOU CALL THE IPAD A PC! IT'S A OVER SIZE APPLE INC. ITOUCH! GET IT RIGHT!
Ain't that the truth :/ I don't drink, but I do smoke cigarettes and thought when they raised the prices I would quite, but yet, I am here paying almost $6/ pack while I was only paying $3.xx just last year.
I will quit one of these days
---------- Post added at 01:13 PM ---------- Previous post was at 01:12 PM ----------
LOL, lies! But on a serious note, it's still there and even people in the Adult industry have been complaining about earnings, at least based off the threads I have been reading on GFY. I am sure the big dogs are still holding strong though.
Most large chain electronics stores do the same with their black Friday deals - no wonder they're so cheap (and don't get me started on Brandsmart!).
Sadly, my wife has her mind set on getting a TV from Walmart because they're cheaper.
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Yeah, definitely agree with you on the black friday sales, I rarely go to them and if I do, mostly for clothes as JC Penny / Macy's.
Brandsmart is a joke, everything is refurbished, you have to be lucky to get a TV from them that doesn't have dead pixels and there prices are still ridiculous.
Walmart is starting to carry the new Vizio's, no? Now those things are sick, but I am sure Wal-Mart is only beating Best buy or the like by $.02 as they do with just about everything else.
I use to think Walmart had great prices, but it seems a lot of other places have just as good or better pricing then they do.
This is part of the reason some companies are discontinuing production, A good example is "Pioneer", They didn't go out of business or anything like that, but they did stop making the best Plasma TV's in existence.. The "Pioneer Elite", Pioneer ceased production simply because they couldn't compete price wise with LCD and LED's. If you were lucky enough to get a 60" Pioneer Elite "Kuro", hang onto it!... The picture is stunning!
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