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CVS 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.

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The US Sun

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…

24 hours ago

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retailwire.com

CVS Is Opening Pharmacy-Only Stores in Select Communities - RetailWire

CVS has a plan to improve the pharmacy experience with small, dedicated stores for filling prescriptions.

1 day ago

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Fox Business

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…

1 day ago·United States

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KCRG

CVS opening smaller stores that only have pharmacies

The new store format is one part of CVS’ turnaround plans as it tries to adjust to a changing industry.

1 day ago·Cedar Rapids, United States

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The Independent

CVS is opening more standalone pharmacies after shuttering 1,000 stores

CVS will open a dozen new stores, but they’ll be half the size of a typical location

2 days ago·London, United Kingdom

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New York Post

CVS announces opening of pharmacy-only stores

CVS announced the opening of a dozen or more pharmacy-only stores in a strategic move to meet community needs and remain competitive against companies like Target, Amazon, Walgreens, and Rite Aid.

2 days ago·New York, United States

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