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Tuesday, July 25, 2017 8:31:48 AM
I like to shop at Rite Aid, and so will the other people who just have to drive to the other side of town. Their average sales per store should be more than 10 million per year. They will become a lean machine with lower debt after the Walgreens deal. Costs will be lower and the remaining stores will be top notch as they sell a lot of great merchandise. Amazon may not come into the picture for a while because these stores are valuable. On the Walgreens point of view, which is an excellent one too. They will have these excellent brick and mortar stores that they can do with what they please. One example is they can sell some to Fred's, or Amazon, to open new Whole Food locations with them or just keep some for strategic locations. Most of Rite Aid stores are corner properties. And on a further note: These corporations mentioned here have got many opportunities to make the world a better place through cost cutting and consumer shopping feasibility. It's actually a win win for everyone.
My posts are only my opinion and not a recommendation to buy or sell any stocks. I do not work for any financial firm nor am I part of a group of traders.
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