CVS focuses on pharmacy and healthcare with twelve new mini-stores

Big changes are coming to CVS. Forget browsing for shampoo and greeting cards. They’re going small. Really small.

CVS is testing out a new plan. Think mini-stores. Less stuff. More focus.

What’s the Big Idea?

Imagine a CVS, but half the size. That’s the idea. They’re planning 12 new mini-stores across the country. Want the details?

• Smaller stores: Around 5,000 square feet.
• Focus on pharmacy: Think prescriptions and health stuff.
• Less “stuff”: No more aisles of snacks and stationery.

Why the Change?

Here’s the thing: CVS makes most of its money from prescriptions. Like, 80%!

One analyst said it best: “That is where most of the value is generated. ” Makes sense, right?

Imagine a bakery that sells bread and cookies. But everyone only buys the bread. What should the bakery focus on?

The Numbers Don’t Lie

Last year, almost 79% of CVS’s money came from prescriptions. The rest? Just 21%. Times are changing.

Even though CVS sales are up, they’re still facing challenges. Competition is tough. People are shopping online.

Closing and Opening

CVS is making some big moves. Closing some stores. Opening others. It’s all part of the plan.

They already closed 900 stores. And they laid off almost 3,000 workers. Tough decisions.

But they also opened 100 new locations. And they plan to open 30 more in 2025.

Walgreens is Doing It Too!

CVS isn’t alone. Walgreens is also shrinking. They’re closing a bunch of stores too. Over a thousand!

It’s a tough time for drugstores. They have to adapt to survive. What does the future hold?

What Does This Mean for You?

Maybe a more convenient pharmacy experience? Maybe not. But it’s definitely something to watch.

One thing is for sure: CVS is changing. And the drugstore landscape is shifting. What do you think of the changes?