Are some Walgreens stores gouging customers?
Advocacy groups say the drugstore charges different prices within the same city. The company says the cost of doing business can vary.
A new report says Walgreens locations in a single city can charge different prices for the same item. And that means customers can overpay by as much as 55% for common drugstore items, depending on which location they shop at.
Researchers went to 485 Walgreens, CVS (CVS) and Rite Aid (RAD) locations in the U.S. for the study, which was developed by the National Consumers League and the Change to Win Retail Initiatives. You can see the report here.
The researchers checked prices for the same basket of 25 items at locations in New York, Los Angeles, Dallas and California's Orange County.
Here's what they found:
- Different Walgreens locations were more likely to charge different prices for the same item.
- In every city, Walgreens had the greatest percentage of products costing at least 10% more than the market's lowest price.
- Walgreens' "flagship" stores in New York charge a lot. The basket of 25 items cost nearly $38 more at those flagship stores than at other Walgreens stores in the same city.
When asked for comment on the study, a Walgreens spokesman told MSN Money that the prices reflect the cost of running a store in a particular neighborhood as well as any nearby competition.
"Costs can vary from one location to another, even when they are a few blocks apart in dense urban areas, based on the store's cost of real estate, its hours of operation including whether it is open 24 hours, labor costs and the number of customers it serves each day, among other factors," said the spokesman, Jim Graham. "We strive to be price competitive with nearby competition, and we believe our pricing reflects that."
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Walgreens and CVS are the biggest rip offs in our town. The prices they charge for non
prescription related items is substantially higher then everyone else. That is also why
you see most people that use them go to the Pharmacy get their prescriptions and walk
out of the store.
next they will tell us that taxes can be different depending on what city you are in or what state you are in!!
That's what the word shopping is all about. Don't like the price don't buy it. Find a good bargain buy it.
Much like life not being equal, neither is the cost of business and of course these costs are passed on to the consumer.
I look at the ADS in the newspaper, or in the mail, find the best price for what I want to buy, then I go to Wal-mart and Match-Price the Items. One stop shopping for me. It's MY MONEY, and I want to keep as much of it in MY POCKET as I can.
how can that possibly happen??
I mean, really I am so un-surprised that I can barely even type this response...
Hey, they differ in the same store! Almonds on their regular shelf are marked 4.99 and appear at 2 for 7.00 on the front end of the same shelf...along with the same size and brand also marked 4.99 right next to them. Every other store I've been to in the area has them marked 2 for 7.00!
Walgreens is always more but their 24 hour convenience I thought was the reason I paid 27 dollars for a tube of nystatin cream when I could have got it for 6 dollars had I waited for the hospital pharmacy to open on Monday but I paid for the convenience. Had I known it was going to be 27 dollars I would have waited.
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 added just over a point, holding its weekly gain at 1.0% while the Nasdaq lost 0.4%.
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