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Walgreens was once a titan in American retail. But after reaching over $100 billion in market cap, the company has lost more than 90% of its value and is now shutting down 1200 stores. This isn’t just one company’s collapse—it’s a warning sign for the entire pharmacy industry. While Walgreens doubled down on retail, CVS quietly transformed into something else entirely: a pharmacy, health insurer, and the largest PBM in the U.S. That single pivot may have saved them. Meanwhile, mail-order medication, rising theft, and razor-thin margins are making it impossible for Walgreens—and others like it—to stay profitable. Closures are accelerating, leaving behind pharmacy deserts that disproportionately hurt low-income communities. This is a story about missteps, market forces, and a healthcare industry being pulled in every direction. CVS became the ecosystem. Walgreens got stuck as the storefront. And now the consequences are unfolding across the country. LinkedIn: / hariharan-jayakumar-silo Instagram: / hariharan.jayakumar Timestamps: 0:00 - The Dire State Of Walgreens 0:34 - Two Different Giants 3:46 - The Ecosystem 9:55 - Hit From All Sides Resources: https://pastebin.com/aeDsDXjZ