As chain CVS remains to close drug shops, some of them are concentrating on presenting new store designs in 2020.
CVS intends to shut 22 underperforming stocks next year in addition to the 46 stores it is ending this year, CNBC reports. Walgreens also announced beginning this year that it plans to close 200 shops.
CVS’s proceeds rose 10% in the third quarter, and earnings flew 36% to $64.8 billion, thanks to the increase of Aetna and its health coverage companies and CVS’ change in retail focus, Forbes states. CVS is rolling out its HealthHUB idea in more than 50 places by the end of this year.
CVC Deals With It
Earlier this year, the drugstore series conducted three HealthHUB places in Houston. Each site applies more than 20% of the store to health services such as new permanent pharmaceutical facilities, supplies, and several new product and service organizations. CVS is also joining thousands of new private care articles as well as additional assistance at its MinuteClinics in the health hub shops, Forbes states.
HealthHUB places in Houston are “exceeding” against a control group of regular stores, according to CVS CEO Larry Merlo.
Meantime, CVS Pharmacy newly began its first of three stand-alone drugstore shops in Portland, OR.
“We are acknowledged to have the ability to serve the Portland neighborhood with our best-in-class pharmacy settings and a curated collection of health, beauty, and accessibility results,” states Kevin Hourican, managing vice president of CVS Health and director of CVS Pharmacy, in a report.
The original Portland buildings feature personalized details, “a growing network of pharmacologists,” and innovative digital tools and assistance, CVS Pharmacy announces.
“With the CVS Pharmacy app, sufferers can be informed when medicines are ready for pick-up and order refills digitally by sending their prescription history or using the ‘Scan to Refill’ feature that examines the prescription’s barcode and orders a refill in one simple step. Plus, expert drugstore staff are always on hand to counsel sufferers,” CVS Pharmacy maintains.
Additionally, the new Portland shops (as well as other CVS stores) highlight more than 300 new goods across self-care and proactive wellness categories like nutrition, cognitive, mood, and sleep therapies. “CVS stores additionally feature a more extensive selection of vitamins and additions, including trademarks before only found in specialty shops,” CVS Pharmacy announces.
Walgreens is also testing stand-alone pharmacy stores in a few locations.
“The new Walgreens will concentrate on filling directions and will not have an imputed grocery,” tells Andy Hayes with Spencer/Hines Properties, which chartered the 2,000-square-feet space in a shopping center to Walgreens.
To Sum Up
“The shops will allow a full drugstore and limited front-end offering, which would include FedEx and also ship-to-store assistance,” Jim Cohn, a spokesperson for Walgreens, tells Pharmacy Near Me. Some over-the-counter results may be involved in the front end as well, Cohn says.