Home / News / Running With Equity Retail /

ShopRite closing 62 in-store pharmacies

ShopRite closing 62 in-store pharmacies

David Goodman | Feb 14, 2021 |

Wakefern announced last month that it plans to close pharmacies in 62 ShopRite stores in New Jersey, Pennsylvania, Delaware, Maryland, New York and Connecticut. The in-store pharmacies have struggled in recent years as prescriptions by mail and the lack of expanded services like in-store clinics and patient counseling have negatively impacted their businesses.

The closings will take place in the next couple weeks. CVS has agreed to acquire the customer prescription files for the 62 units, as most of the pharmacies are within a mile of an existing CVS store.

According to the National Association of Chain Drug Stores (NACDS, of course), the number of grocery stores operating pharmacies has declined in each of the past three years.

 

David Goodman

David leases high-quality shopping centers, represents select retail clients and sells vacant bank properties. 

Call David