12/6/2023 0 Comments Walgreens monopoly economics![]() ![]() These certificates were eventually eliminated. The certificate determined the location of the new business based on the concentration of drugstores per square mile and the area’s needs. The inquiry was sparked by the skyrocketing trend of offshore drugstores settling on the Island after the overturn of the Certificates of Necessity and Convenience that was required to any drugstore interested in doing business in Puerto Rico, local or foreign. In 2005 the antitrust office began an investigation to determine the commercial impact of the international chains on the local market. However, then Secretary of Justice Anabelle Rodríguez decided that Walmart could buy some of the stores as long as it kept the same number of employees and Puerto Rican agricultural products supplies that Amigo stores had at the time. In 2002, through a civil suit under the Monopoly Law, the government objected to Walmart’s plans to buy Amigo Supermarket chain. The Monopolistic Affairs Office it’s the equivalent for the Antitrust Office in most states. The Puerto Rico Monopolistic Affairs Office created by law in 1964, compiles information about the business competitive practices and refers cases to the Secretary of Justice when there is the suspicion that a corporation could be abusing its power in the local market. The same office has also witnessed Walmart’s rapid expansion since it arrived in the local market in 1992 and it bought Amigo Supermarkets in 2004. This soaring store chain expansion has been going on in spite of the Puerto Rico’s government Department of Justice Office of Monopolistic Affairs, which has been unable to halt Walgreens’ growth since it arrived in 1962. Puerto Rico’s government can’t control the chain’s growth Other countries where Walmart operates include Argentina, Brazil, Costa Rica, China, Guatemala, Honduras, India, Japan, Mexico, Nicaragua, Salvador, South Africa and the United Kingdom. That’s only three more stores than Puerto Rico.Ĭonnecticut, with a population of three million, has 38 Walmart stores, and Oregon 41.Įven when compared with twelve countries where Walmart conducts business, Puerto Rico ranks first in the amount of Walmart and their brand stores per square miles. Likewise, if the data offered by Walmart is taken at face value, Massachusetts, almost three times bigger than Puerto Rico, and with a population of over six million people, have 50 stores, including the Supercenters, Discount Stores and Sam’s Club Warehouses. The Island also has more Walgreens than Iowa, where there are 69 in over 55,000 square miles inhabited by about three million people. On the near 3,000 square miles of the Puerto Rican land area there are 45 Walgreens, more than the 73 established in Oregon, in a territory extension 28 times bigger (approximately 95,000 square miles) with a population of little over three million, very similar to Puerto Rico. The CPIPR identified 127 Walgreens and 65 Walmart’s, including Sam’s Club Warehouses and Amigo Supermarkets.ĬPIPR’s list was made using Google Maps and Google Earth, and was doubled-checked with a list of physical addresses of all stores and through calls to their listed phone numbers.Įven taking as certain the data offered by both companies, the result is the same: Puerto Rico is the US jurisdiction with the highest concentration per square mile of Walgreens and Walmart stores. However, a list prepared by Puerto Rico’s Center for Investigative Reporting (CPIPR, for its Spanish acronym) showed that there are more stores than those reported by both companies. Meanwhile, Walmart claims it operates here only 56 stores including its brand name Sam’s Club Warehouses and the Amigo Supermarkets that the chain acquired from local business owners in 2004. This makes the Island the second US jurisdiction with the chain’s highest presence when compared with 10 states with a population similar to the caribbean jurisdiction, 3.7 million. This information was confirmed by the corporation’s spokesperson in Puerto Rico, María Estela Cestero. ![]() There are 118 Walgreens drugstores in Puerto Rico, according to Walgreens’ official website. San Juan has a population of 389,714 and there are around 20 Walgreens stores, making the Puerto Rico’s Capital the city with the highest concentration of this chain drugstore in US jurisdiction. In the southern part of the Island there are up to seven stores on a road stretch of less than 10 kilometers. This chain has such a concentration of stores in Puerto Rico that most of them are less than a kilometer apart. In another San Juan area, Río Piedras, Walgreens drugstores are within walking distance from each other.
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