Tuesday, May 12, 2026

How Much Did Walgreens Lose?

Walgreens is shutting down their Chatham location and the "community" is upset. The aldercreature made one of the dumbest statements ever about "first degree corporate abandonment" which no one seems able to define.

But it seems that this was purely a business decision as revealed at a "town hall" meeting with Walgreens:

  • Walgreens executives revealed at the town hall that the location lost over $1 million last year amid softening prescription sales and significant levels of theft, which resulted in the decision to close the store on June 4.

    Johnson said that "theft at this store is 16%," which is "four times above the company average," which contributed to losses at the store.

    The company said that it took measures to counteract theft at the store, but was unable to put an end to the issues at the location.

    "Lock boxes help us protect the merchandise in the store. A lot of the time, those lock boxes were getting destroyed. And that's at a great cost to the company," said Walgreens district manager Jason Vasquez, according to Fox 32's report.

Here's an idea....someone notify Eric Holder (Sparklefart's Attorney General who said America wasn't ready to have a racial discussion) and see if he can chime in here:

  • there are currently 14 black billionaires in the United States - successful business persons across a wide variety of fields - entertainment, media, information and infrastructure fields. They're also active philanthropists, giving back to society.
  • there are hundreds more worth multiple millions, probably looking to make more as most successful people do. Eric Holder is worth $8 million on his own, Sparklefarts over $70 million.
  • is there any reason they wouldn't invest in a Chatham pharmacy to prevent a pharmaceutical desert from devastating this "under-served" community?

Oh yeah....because they aren't in theo business of LOSING money, which is what would happen if they invested in Chatham. 

Maybe the aldercreature could discuss that with Holder and Sparklefarts and a few of those billionaires.

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