Drugstore segment readies for period of rightsizing

The drugstore segment appears poised to go through a period of rightsizing as Walgreens and CVS announce plans to shutter stores and pull back on new store openings, respectively. Drugstores are facing several headwinds, such as reimbursement pressure for prescriptions, a decrease in generic drug prices and increasing competition from online retailers.

National Real Estate Investor online (8/21)