Houston has a preponderance of former drug stores. Many have found new uses, and seemingly just as many continue to sit vacant. The vast majority of these failed pharmacies come from overbuilding over the past 20 or so years. The issue wasn’t specific to Houston, as evident by the recently announced CVS closures, but it sure had an early start here. Most of it began around 2003 when CVS entered the Houston market, their desire to expand was met by with a swift response from Walgreens who planned an expansion in Houston of their own. With CVS, and Walgreens both …
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