If an entire online retail sector is bleeding money and racking up consistent losses, why are we still pouring resources into it? Why can’t we let those employees go or redeploy that talent pool into areas where we actually make money?
Our prices are noticeably higher than the competition’s, and we’re a pharmacy company at heart. So why does anyone seriously believe we can go head-to-head with retail giants and win customers?
3 replies (most recent on top)
It's a fair but uncomfortable question. Currently Walgreens is pursuing the strategy of cutting costs enough to where the online retail would become profitable.
Can they go head to head with walmart, amazon or even cvs? To date the answer is no and we've seen nothing so far that would change the situation.
As per the public records before the acquisition, it was not,
Walgreens digital business is profitable...