Axios - Retail pharmacies are embracing the idea that less is more as they grapple with online competitors, lagging reimbursement, sluggish consumer demand and employee burnout. CVS Health is rolling out roughly a dozen downsized stores, testing the theory that getting back to the basics of dispensing drugs will be more sustainable than selling greeting cards and cosmetics.
National retail pharmacies are struggling to find a winning business model in an increasingly challenging environment and amid weakening "front of store" sales. CVS Health alone is shedding 270 stores around the country this year.
VS plans to begin opening 5,000-square-foot stores, which will be about one-half to one-third the size of the current average location. Each will feature a full-service pharmacy with limited over-the-counter products available for purchase, the company said.And each "will be designed to meet the community's specific pharmacy needs," officials told Axios in a statement. CVS officials also plans to open 30 additional locations this year, including inside Target stores. More
No comments:
Post a Comment