Watch Walgreens next. Its decline has been spectacular and a pending offer is on the table to take the company private as it is hanging by a thread.
It decline has coincided with its addition of Valerie Jarrett to the board.
Does that name ring bells?
Actually, in my neck of the woods Walgreens has already made this move. Most are operating in grocery store pharmacies and closed stand alone stores.
It doesn't surprise me in the least that CVS would follow suit. I really think that the only income producing outlet that they had, was the pharmacy.
I will miss the shopping for other items. Although, I'm guilty...I don't shop there often for "fun" stuff. Greeting cards, unusual candy, etc. Amazon is just too handy.