US EditionCVS is opening smaller stores that only have pharmacies
- CVS is opening around a dozen smaller stores this year that only have pharmacies, indicating a shift in its business strategy.
- A CVS spokesperson stated that these stores will include a full-service pharmacy and some over-the-counter products, designed to meet community needs.
- Neil Saunders from GlobalData Retail noted that focusing solely on pharmacies shows CVS has 'done very little to defend revenue' from the front-end of its stores.
- While smaller stores will be cheaper to operate, CVS faces growing competition from digital players and chains like Walmart.
65 Articles
65 Articles
CVS promises probe as employee CLOSED at 5.01pm - customer needed prescription
CVS has promised a probe after an employee closed the store at 5:01 pm – despite a customer waiting in a long line for a prescription. The major US drug store chain was slammed over the weekend for their policy, leaving a parent “fuming.” Photographer: Christopher Lee/Bloomberg via Getty Images - GettyThe major US drug store chain was slammed over the weekend for their policy that left a parent “fuming”[/caption] The customer had been waiting in…
CVS opens smaller format stores as industry sees big shift
CVS Pharmacy is expanding its footprint. But a major focus is on smaller store formats exclusively offering pharmacy services. The shift to small-format stores comes as the industry works to rightsize and reduce costs in response to ongoing challenges, including intense competition and shifting consumer preferences.CVS confirmed to FOX Business that it will open at least a dozen smaller format locations in select communities across the country o…
CVS Pharmacy to close location in West Allis
WOONSOCKET, RI. — Southeast Wisconsin will be losing another pharmacy location. CVS confirmed to WTMJ that the pharmacy at 92nd and Greenfield in West Allis will close on April 15. Prescriptions will be transferred to the CVS Pharmacy at 75th and Bluemound in Wauwatosa, but company officials say patients can choose to fill their prescriptions at any CVS Pharmacy, or the pharmacy of their choice, if another is more convenient. In a statement to W…
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