Why are so many pharmacies closing? Rite Aid announces 20 Ohio store closures this month
WEWS: J.B. Silvers, the Albert J. Weatherhead III Professor of Management at Weatherhead School of Management, noted that the recent closing of area pharmacies may be part of a larger trend. “The margins are pretty small. The average retail margin [for pharmacies] is like 2 percent,” he said, adding that financial struggles within the pharmacy industry have been years in the making as some companies expanded too quickly and faced competition from big box stores.