Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: GraceZ who wrote (18649)	5/4/2002 11:25:35 PM
From: Ilaine	Read Replies (1) of 74559

My local Rite-Aid is sort of OK probably because it's miles and miles from the nearest competitor, and this is a nice part of town. I go there because I am lazy and it's less than a mile away. Really don't see too many people in it, ever. WalMart is eating its lunch, but WalMart is 15 miles away. Most of the stuff I could buy at Rite-Aid, if I am feeling lazy, I will get at the grocery store, which I have to go to, no matter what. Ya gotta eat. I get my prescriptions filled at my HMO. My guess is that Rite-Aid's big business is people who don't belong to HMOs and pick up a few things while they are waiting. Sort of like a convenience store/drugstore combination. Not the world's greatest business model. Prescriptions are far cheaper at Walmart and Costco. Long lines at all times at both of those. Also long lines at real convenience stores. Still, could be a niche.

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