Nearly 10% of New York City’s drugstores have closed this year — a dramatic drop following a decade of retreats that has slashed their number by 40% as shoplifting continues to run rampant, according an explosive study.
The number of Walgreens, Duane Reade, CVS and Rite Aid stores across the city shrunk to 395 locations in 2024. That’s versus 435 last year, and down sharply from a peak of 656 in 2014, according to The Center for an Urban Futures annual report titled State of the Chains.”
Walgreens Boots Alliance, which owns Duane Reade, was the worst hit. The Big Apple’s largest chain closed 22 stores leaving it with 189 locations in the city, according to the report.
CVS, meanwhile, shuttered 10 stores leaving 160 locations. Rite Aid, which filed for bankruptcy protection last year, closed eight stores this year and now operates just 46 in the city.
Among the casualties were two massive Duane Reade locations this spring — one at 4 Times Square and the other at the corner of Broadway and West 50th Street. That’s after the 16,200-square-foot Walgreens flagship store at One Times Square shuttered in 2022 after weathering the depths of the pandemic.
Also in 2022, a Rite Aid at Eighth Avenue and West 50th Street shuttered. It’s now being redeveloped as a smaller-format Whole Foods store.
Experts blame not only crime but also drugstores’ stepped-up security measures — most notably locking merchandise behind plexiglass, forcing customers to call and wait for store clerks for everything from shampoo to painkillers.
To avoid hassles, shoppers are skipping drugstores altogether and buying more essentials online.
There is no doubt that locking up products, moving to automated check out and having fewer people working in these stores has contributed to fewer people going into their stores,” Jonathan Bowles, executive director of The Center for an Urban Future, told The Post.
More New Yorkers can purchase this merchandise online, but when they do go to these stores there are fewer people working there and stuff is locked up.
More closures are likely. CVS, with 9,000 stores nationwide, announced in 2021 that it would shutter 900 stores over several years.
“Decisions are NOT based on shoplifting or crime alone,’ a CVS spokeswoman told The Post when asked about the recent shutterings.
“Many factors are considered when closing a store, including population shifts, consumer buying patterns, store and pharmacy density, pharmacy care access, and community health needs,” the spokeswoman added.
A spokesperson for Rite Aid said, “Like many in the industry, we are seeing a higher level of brazen shoplifting and organized retail crime. We are taking an active role in helping law enforcement in their pursuit of shoplifters, as well as continuing our efforts to educate community leaders on the impact of retail theft and advocate for solutions.”
Indeed, the drugstore exodus is wreaking havoc on Big Apple streets, according to Bowles.
There have been graffiti on the empty store buildings or homeless people who have decided to sleep [by the entrance] because there is not an active store there, so its not a healthy thing for our retail landscape,” Bowles said.
Walgreens Boots Alliance said in October it’s planning to shutter 500 stores in 2025 and 1,200 altogether over the next three years.
The Chicago-based pharmacy chain, which has around 8,700 locations nationwide, said that one in four of its stores are unprofitable and that its is looking to improve our customers in-store experience.
A Walgreens rep told The Post that the closings are driven by increased regulatory and reimbursement pressures that are weighing on our ability to cover the costs associated with rent, staffing, and supply needs.
The company has not directly tied its store closings to crime, but executives have said on earnings calls that “shrink” — which means theft in corporate speak — “represents a serious systemic issue across the retail industry.”
Big Apple drugstores have been particularly hard hit by a crime wave that accelerated with the start of the pandemic in 2020.
Shuttered drugstores account for an outsize share of the vacancy rate in New York City because demand is low for the larger spaces they typically occupy, Bowles added. By one measure, empty drugstore space totals one million square feet, according to a New York Times report in August.
A few years ago, I thought we were too heavy with drugstores on almost every block, said Tom Harris, president of the Times Square Alliance, a nonprofit that promotes development in the district. But whenever a pendulum swings too far in one direction it goes back.
The United Nations has condemned airdrops on Gaza, warning they risk killing the starving Palestinians they are intended to help.
Jordan, the United Arab Emirates, and Israel parachuted aid packages into the territory for the first time in months at the weekend amid claims a third of the population has not eaten for days.
But Philippe Lazzarini, commissioner-general for the UN Relief and Work Agency for Palestinian Refugees (UNRWA), has said they “will not reverse the deepening starvation” and often do more harm than good.
“They are expensive, inefficient & can even kill starving civilians,” he wrote in a statement on X.
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There are several ways humanitarian agencies and international allies can deliver aid to regions in need – by land, by sea, or by air.
While parachuting in supply packages from planes may look impressive, airdrops are “fraught with problems”, Sky correspondent in Jordan Sally Lockwood says, and often used as a “desperate last resort”.
“Foreign nations know airdrops are a deeply flawed way of delivering aid,” she says.
“Palestinian sources tell us the aid that’s been dropped so far is not reaching the most vulnerable. They are an attempt to get something to a few – often viewed as a desperate last resort. Gaza is at that point.”
Image: A plane drops aid over Gaza City on Sunday. Pic: AP
Image: Air drops land over Gaza City on Sunday. Pic: AP
Military analyst Sean Bell says that delivering aid by air is ideally done when planes can land on a runway – but Gaza’s only landing strip in Rafah was shut down in 2021.
The alternative is “very dangerous”, he warns. “Aircraft flying relatively low and slow over a warzone isn’t very clever. When these parcels hit the ground, there’s a significant danger of them hitting people.”
Image: People in Gaza scramble for aid on Saturday. Pic: @ibrahim.st7 via Storyful
Crucially, they can only deliver a fraction of what lorries can.
“The really big issue is aircraft can only deliver one truckload of aid. Gaza needs 500 truckloads a day, so it’s 0.2% of the daily need,” Bell adds.
They also risk falling into the wrong hands and ending up on the black market.
“Some of it has been looted by gangs and is on the black market already,” Lockwood says.
Image: Air drops land in northern Gaza on Sunday. Pic: AP
Why are they happening now?
Israel cut off all supplies to Gaza at the beginning of March, reopening some aid centres in May, but with restrictions they said were designed to stop goods being stolen by Hamas militants.
Israeli authorities control the only three border crossings to the strip: Kerem Shalom in the south, Crossing 147 in the centre, and Erez to the north.
Since the current conflict with Hamas began in October 2023, humanitarian agencies and world leaders have repeatedly accused Israel of not allowing enough deliveries through.
Mr Lazzarini says the UN has “the equivalent of 6,000 trucks” in neighbouring Jordan and Egypt “waiting for the green light to get into Gaza”.
Israel says it has commissioned a “one-week scale-up of aid”, having conducted its own airdrops on Saturday.
In a statement over the weekend, the Israeli Defence Forces said it will work with the UN and other aid organisations to ensure aid is delivered but no more details were given.
Meanwhile on Sunday, it began daily 10-hour pauses in fighting in three areas of Gaza to address the deteriorating humanitarian situation.
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1:19
Baby Zainab starved to death in Gaza
According to the Hamas-run health ministry, 133 Palestinians had died of malnutrition by then, including 87 children.
Doctors Without Borders warned on Friday that 25% of young children and pregnant women in Gaza are malnourished.
Israel says there is no famine in Gaza.
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4:21
Sky’s Sally Lockwood on the runway in Jordan ahead of Gaza aid airdrop
What are in the airdrops and who is behind them?
Air packages are largely being delivered by C-130 planes. Jordan is reported to be using 10 and the UAE eight.
They can carry eight pallets of goods each, weighing around eight tonnes in total, according to Lockwood, who is on the runway at Jordan’s King Abdullah II airbase.
There are no medical supplies in the packages, she says, only dried food, rice, flour, and baby formula.
Prime Minister Sir Keir Starmer has said the UK will help with airdrops – but no British aircraft have been seen in Jordan so far.
He will discuss the matter with US President Donald Trump during talks in Scotland on Monday.
The RAF delivered 110 tonnes of aid across 10 drops last year as part of a Jordanian-led international coalition – but it is not clear what level of support will be offered this time.
The Huawei flagship store and the Apple flagship store at Nanjing Road Pedestrian Street in Shanghai, China, Sept. 2, 2024.
Cfoto | Future Publishing | Getty Images
Huawei reclaimed the top spot in China’s smartphone market in the second quarter of the year, while Apple returned to growth in the country — one of its most critical markets — data released by technology market analyst firm Canalys showed on Monday.
Huawei shipped 12.2 million smartphones in China in the three months ended June, a rise of 15% year on year — equating to 18% market share. It’s the first time Huawei has been the biggest player by market share in China since the first quarter of 2024, according to Canalys.
Apple, meanwhile, shipped 10.1 million smartphones in the quarter in China, up 4% year on year and ranking fifth. It is the first time Apple has recorded growth in China since the fourth quarter of 2023, Canalys said.
Shipments represent the number of devices sent to retailers. They do no equate directly to sales but are a gauge of demand.
The numbers come ahead of Apple’s quarterly earnings release this week, with investors watching the company’s performance in China, a market where the Cupertino giant has faced significant challenges, including intense competition from Huawei and other local players such as Xiaomi.
Huawei, which made a comeback at the end of 2023 after its smartphone business was crippled by U.S. sanctions, has eaten away at Apple’s share.
Apple’s return to growth in China will be a welcome sign for investors. The U.S. tech giant “strategically adjusted its pricing” for the iPhone 16 series in China, which helped it grow, Canalys said. Chinese e-commerce firms discounted Apple’s iPhone 16 models during the quarter. And Apple itself also increased trade-in prices for some iPhone models.
Meanwhile, competition in China has intensified. Huawei has aggressively launched various smartphones in the past year and has started to roll out HarmonyOS 5, its self-developed operating system, across various devices. It is a rival to Google’s Android and Apple’s iOS.
“This move is expected to accelerate the expansion of its independent ecosystem’s user base, while also placing greater demands on system compatibility and user experience,” Lucas Zhong, analyst at Canalys, said in a press release.
Electric bikes are booming in popularity across the US, and cities are starting to take notice. From famous programs like those in Denver to smaller initiatives around the country, local governments are rolling out rebate and incentive programs to make e-bikes more affordable, especially for lower-income residents. The goal? Get more people out of cars and onto two wheels.
E-bike incentives vary widely by city and state, but the overall trend is clear: public officials increasingly see e-bikes as a low-cost, low-emission transportation solution that checks a lot of boxes. E-bikes are cheaper than cars, don’t require gas, and are far more accessible than public transit in many neighborhoods. And with the ability to flatten hills and shrink long commutes, they’re attracting a much broader audience than traditional bikes.
Programs like Denver’s wildly popular e-bike rebate initiative have shown how effective these incentives can be. The city offers over $1,00 off an e-bike purchase depending on income level, and the demand has been enormous. Rhode Island recently launched its own statewide rebate program offering up to $750, and cities like Ann Arbor, Oakland, Providence, and dozens of others are following suit with their own variations. A Bend, Oregon program will offer free e-bikes to locals. Washington D.C. is piloting a rebate targeted at delivery workers, and even some utility companies, like Vermont’s Green Mountain Power, have gotten in on the action.
These programs especially benefit lower-income residents, who may rely on expensive or unreliable transportation options to get to work, school, or the grocery store. By offering higher rebates to income-qualified applicants, many programs aim to level the playing field and make car-free living more realistic.
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Of course, not every program has gone smoothly. California’s statewide e-bike incentive, much hyped before its launch, faced repeated delays and technical issues that left many applicants frustrated. While the program finally began distributing vouchers this year, the rollout highlights the challenges of scaling these efforts statewide without sufficient infrastructure or planning.
Still, the momentum is undeniable. As cities grapple with climate goals, traffic congestion, and rising transportation costs, e-bike rebates are a relatively cheap way to make a big impact. The biggest challenge now may be keeping up with demand.
Electrek’s Take:
This is one of those rare win-win policies: cleaner air, less traffic, more mobility for people who need it most – and it’s all powered by a single horsepower and some political will. Let’s hope even more cities plug into this trend.
Of course, funding is the biggest obstacle to keeping programs like these rolling. But with the benefits stacking up, from reduced road damage to improved air quality, hopefully the rewards outweigh the upfront cost.
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