Crain’s New York Business reports that drug store chains Walgreen, CVS Caremark and Duane Reade are in competition for vacant commercial real estate in the New York City area, believing that foreclosures and business closings over the past year have created opportunities for them to dominate the city’s retail footprint.
“While other retailers plunge into bankruptcy, drugstores are expanding their locations and product offerings to increase market share,” Crain’s writes. “Many have added clinics that provide consumers with simple health services or are ramping up grocery aisles. The goal is to become more of a one-stop shop.”
“While other retailers plunge into bankruptcy, drugstores are expanding their locations and product offerings to increase market share,” Crain’s writes. “Many have added clinics that provide consumers with simple health services or are ramping up grocery aisles. The goal is to become more of a one-stop shop.”
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