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Medicine

World's First Opioid Vending Machine Opens In Vancouver (theguardian.com) 117

An anonymous reader quotes a report from The Guardian: A vending machine for powerful opioids has opened in Canada as part of a project to help fight the Canadian city's overdose crisis. The MySafe project, which resembles a cash machine, gives addicts access to a prescribed amount of medical quality hydromorphone, a drug about twice as powerful as heroin. Don Durban, a social worker from Vancouver, is one of 14 opioid addicts using the MySafe vending machine. After being prescribed opioid-based painkillers in the early 2000s, the father of two developed an addiction and now feels unable to cope without a daily dose of hydromorphone.

Unlike most addicts, Durban, 66, does not have to break the law by sourcing his fix through drug dealers. Instead he is prescribed Dilaudid -- the brand name for hydromorphone -- and, for the past couple of weeks, has been able to collect his pills from a vending machine near his home in Eastside, a rundown neighborhood with a large homeless community. "This is a godsend," he told the Guardian during one of his visits to the machine. After verifying his identity with a biometric fingerprint scan, the machine dispensed Durban with three pills for each of his four daily visits, in line with his prescription. "It means I don't have to go and buy iffy dope," he said. "I have a clean supply. I don't have to deal with other people so much. You're treated like an adult, not some kind of demonic dope fiend. We're just people with mental health issues."

Businesses

Pier 1 Files For Bankruptcy, Warns of Dangers In Handful of Online Vendors Dominating Retail Sales (wsj.com) 101

Pier 1 Imports filed for bankruptcy Monday (Warning: source paywalled; alternative source), "a victim of changing consumer tastes and an unforgiving retail environment," reports The Wall Street Journal. "Unlike many other retailers that have sought bankruptcy in recent years, the publicly traded Pier 1 -- with assets of $426.6 million and listed total debt of $258.3 million -- isn't weighed down with debt from an ill-timed leveraged buyout. Rather the company's struggles can be traced to increasing competition from online players, mass merchants and off-price retailers, such as Wayfair, TJX, HomeGoods, Bed Bath & Beyond, Cost Plus World Market and Amazon." From the report: Those rivals have increasingly moved into selling home furnishings and merchandise that were once virtually the exclusive domain of Pier 1, according to Hart Posen, a professor of management at the University of Wisconsin. "You'd see something in someone's house -- a wicker-rattan chair or an elephant-themed umbrella holder -- and know it came from Pier 1," Mr. Posen said. "You could buy it at Pier 1 or nowhere, but that's just not the case anymore."

The emergence of online operators such as Wayfair have rendered the backdrop for traditional chains all the more difficult, according to Oppenheimer & Co. analyst Brian Nagel. But there were also missteps that led Pier 1 to bankruptcy. The company was late to embrace e-commerce and was forced to build an online business from virtually nothing, said Mr. Nagel. Along the way, it had to absorb the costs of building distribution centers and other infrastructure, while also adjusting to the tighter margins from online sales. "When the company finally made its move online, it did so in a way that cannibalized the volumes and profitability of its physical stores," said Mr. Nagel.
The Fort Worth, Texas-based company tried to revitalize the business with a program dubbed "Pier 1 2021: A New Day," but that effort failed.

"The bankruptcy filing comes after the chain made it through the critical holiday shopping season," adds The Wall Street Journal. "In early January, Pier 1 said it planned to close nearly half of its nearly 940 stores and a number of distribution centers. It had already hired a liquidation company to help close the locations. Pier 1 said it intends to use the bankruptcy process to complete closure of some 450 stores, including closing all of its locations in Canada."

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