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Walgreens will close 1,200 stores in near future

An Americana fixture of sorts for so many years, dating back to its founding in 1901, Walgreens has struggled in recent years, but in multiple news reports, one major possible reason for its money woes is never mentioned.Namely, that one of its competitors, CVS, has an unfair advantage, as laid out in an FTC (Federal Trade Commission) statement made public this past September.Instead, most news outlets that have focused on Walgreen’s woes mention things such as online competition for meds (think Amazon), and declining reimbursement rates. In news stories that do mention CVS, it’s in the context of Walgreens being ...

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