The CEO was doing everything she could to keep the 130-year- old dream alive for the little people. This was for the benefit of the customers and, once again, the workers. The company needed to find a buyer if it was going to survive the plague. It became, on the one hand, the city's many and too-high taxes (".e, of course, have seen business taxes rise in, you know, various taxes rise in Seattle") and, on the other hand, the lockdown. The city council, the mayor, the state, the judicial system, the community-we all have to come together to figure this out." This situation will improve only if we all come together to tackle the problem with honest and direct conversations, a sense of urgency and a real desire to find solutions.Īround the same time, Lentzsch said this to a KIRO 7 reporter: " a concern. If and when a retailer closes due to these issues, jobs are lost. This challenge and the increasing costs of doing business in Seattle have negatively impacted retail businesses leading to store closures. Crime accompanied by violence has increased at retail to the point that doing a mundane task like shopping is taking a risk that may not be worth it to a customer. I hope that businesses can work together with the public sector to ensure our community, our employees and our customers are safe as they go about their day. In her long interview with Puget Sound Business Journal, which praised Lentzsch's innovative modernization of the old family-owned company, she made this point, when asked, "What other issues need the business community’s attention?" Expect to be equally amazed and appalled. But why was the sale such a bad idea to begin with? What went wrong? And how did Rite Aid become the black hole that's presently sucking into its seemingly inescapable void a considerable part of a Seattle-born drug company? A company that, before 2020, had 61 stores (it's down to 45, and downtown has, for the first time since 1890, no Bartell Drugs location).īecause the main players in this unprecedented destruction of value are not talking to the press, one has to dig into the past to find the answer. But we feel this is a pretty good price,” Lentzsch told the Puget Sound Business Journal. “It’s likely the price would have been higher a few years ago. They sold a company that "generates more than $550 million in annual revenue" to the former drugstore giant for a measly $95 million in late 2020. That catastrophe can be entirely blamed on Bartell Drugs' former CEO, Kathi Lentzsch, and chairman, George D. The workers also had no say in the sale that plunged Bartell Drugs into the black hole of Rite Aid, a corporation based near Harrisburg, Pennsylvania. Now that the explanatory power of crime and socialists has been clearly overwhelmed by the seemingly endless store closures, what happens to workers is of little importance for Seattle's right. Indeed, stores were even closed for no other reason than to keep workers out of harm's way. When the closures were blamed on criminals nourished (suckled) by a progressive city council, however, there was great concern about the safety of workers. The answer baffled me cause almost all of the news stories about the present Bartell's apocalypse almost never mention its impact on workers. "Don't you read the newspapers?" they said. "How do you feel about all this?" I asked one cashier. It was a dreary scene, and the cashiers clearly wanted the whole bad business to be over and done with. And, apparently, so did Seattle Time's business reporter Paul Roberts. I spent a few minutes in the drug store's final hours. Bartell's Store #1, which, for me, was a hop, skip, and a jump from Link's Westlake Station, closed its doors for good on Thursday, December 14.
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