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CVS started as a variety store (it stood for Consumer Value Stores) and there are still a few older locations that don't have pharmacies, but pharmacy counter r
by bbanyc 7y ago
CVS started as a variety store (it stood for Consumer Value Stores) and there are still a few older locations that don't have pharmacies, but pharmacy counter revenue has greatly outpaced "front store" revenue for a long time now. Today the parent company is called CVS Health and in addition to the retail chain it owns health insurer Aetna and pharmacy benefits manager Caremark. (As well as the pharmacy counters inside Target stores.)
So CVS is primarily a pharmacy, unlike Walmart and Kroger, which are stores that have pharmacies.
- plorkyeran 7y agoThe pharmacy may be what makes most of the money, but I've never seen a CVS where the pharmacy was more than a tiny thing at the back of a large store.
- Scoundreller 7y agoThe turnover in dollars per volume is a lot higher for the meds in the back than the rest of the store. And the pharmacy creates a captive market of people that buy other items while they’re there. There’s a reason pharmacies keep getting bigger even though the dispensing area isn’t.