As CVS Health prepares to close hundreds of stores this year, it is also planning to open 12 mini stores throughout the U.S. focused on medication rather than retail, doubling down on smaller footprints to tighten its belt.
he new stores will be less than 5,000 SF, about half the size of a typical CVS, The Wall Street Journal reported, citing CVS. The dozen stores will be placed in communities where residents may already shop at Walmart or dollar stores but don’t have a nearby place to fill their prescriptions and get vaccines, the company told the outlet.
The new stores will offer full-service pharmacies and health items like over-the-counter medications and first-aid products, the article states. But it will not feature convenience and retail items, including snacks, cosmetics and greeting cards...
The new stores will offer full-service pharmacies and health items like over-the-counter medications and first-aid products, the article states. But it will not feature convenience and retail items, including snacks, cosmetics and greeting cards...
RSK: If pharmacy makes up over 80% of CVS sales why bother for the other retail you might ask? Because it draws people in. This way, you do not pay the high rent for the space that only brings in 20% of revenue.
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- - Volume: 25 - WEEK: 12 Date: 3/18/2025 1:14:19 PM -