Compare And Contrast Cvs And Walgreens

Walgreen Co. (Walgreens) and its subsidiaries operate a drugstore chain in the United States. “The Company provides its customers with multichannel access to consumer goods and services, and pharmacy, health and wellness services in communities across America” (Walgreen Company). The firm currently operates two mail-order facilities and has 7,752 retail drug stores located across all 50 US states, Guam, Puerto Rico, and the District of Columbia (Walgreens). Prescription drugs account

The companies I am studying are Wal-Mart and Target. Both are major discount retailers, general merchandisers who compete as cost leaders. These companies both very large, big enough to execute on their strategies effectively. Yet one has chosen the path of international growth and the other has not yet, pending expansion into Canada in 2013.

Both Amazon and Walmart are seeking to accomplish the same goal, to become the world’s largest retailer by providing customers with a seamless shopping experience. Both companies have their own strengths, with Amazon being the leader in the online retail space, while Walmart is the clear leader in the brick-and-mortar arena. As more online and brick-and-mortar retailers are eating into the market, both Amazon and Walmart must content with other companies as well as each other. Amazon and Walmart were both created and detonated extraordinary growth due to an innovative push unlike any other in their own respective arenas. “If either Amazon or Walmart is destined to come out on top, it must come from a massive innovation push, a willingness to

I visited Walgreens today because I wanted to print out some of my pictures, and also I wanted to buy a digital camera for my mom. I choose Walgreens because it is one of the best company in photos and in the selling of digital cameras. My experience in using interactive tools, and digital displays was very interesting.

The initial intent of this analysis was to identify changes in accounting methods within the financial statements of Walgreens and CVS, as well as to compare and contrast their financial statements, in order to draw conclusions about which company had better earnings. However, in the process of this analysis, with the exception of a minor change to lease accounting by Walgreens, there were no major changes in accounting methods identified. In examining the financial statements for these two drugstore industry leaders, the analysis shows that while each company conducts retail drugstore operations in similar ways, their business models for carrying out these operations greatly vary. These variances in business model

Walgreens was founded in 1901 measuring 50 feet by 20 feet by Charles R. Walgreen, Sr.. Mr. Walgreen was born near Galesburg, Illinois and his family later relocated to Dixon, Illinois at town about 60 miles north of his birthplace. Mr. Walgreens’ father was a farmer who turned into a businessperson and saw a great potential of the Rock River Valley (Walgreen, n.d., p.1). At age 16, Charles Walgreen had his first experience working in a drug store. He didn’t always have pleasurable experiences but it was a job with pay. He had an accident at a shoe factory that cut off his left middle finger from the top joint. This injury also stops him from playing any sports at school. After a year and a half with the

Knowing the importance of a strategic vision, every company undertakes a complete analysis periodically. In order to create a strategic plan the parties involved must know every aspect of the industry and the company at hand. The purpose of this paper is to describe and analyze the retail drugstore industry and then focus on Walgreens, the industry leader in terms of sales. As part of the in-depth analysis of Walgreens, its major competitors will also be described and analyzed. The retail drugstore industry consists of all those stores that contain a pharmacy and sell prescription drugs. It also includes businesses that sell prescription drugs online and through the mail. Most retail drugstores also offer other

Both CVS Corporation and Walgreen Company operate retail drug stores in the United States. In addition to having pharmacies and selling prescription and non-prescription drugs both retailers also sell general merchandise. This includes items like beauty and cosmetic products, convenience foods, household items and film & photofinishing services.

“CVS was founded in 1963 by Stanley and Sidney Goldstein and Ralph Hoagland. The first CVS store was opened in Lowell, MA.” (CVS Health) CVS is a pharmacy innovation company helping people on their path to better health. CVS’s CEO is Mr. Larry J. Merlo. CVS is headquartered in Woonsocket, RI. CVS is the largest pharmacy health care provider in the U.S. And is an integrated offerings across the spectrum of pharmacy care. Through their 7,700 retail pharmacies and more than 900 walk-in medical clinics. There are approximately 200,000 employees in 46 states, the District of Columbia and Puerto Rico. “CVS has also expanded its business to include pharmacy benefit management, mail order as well as specialty pharmacy division,

I wanted to see how they would honestly treat me so I walked around as though I could not find what I needed. An employee was quick to ask if I needed help. She assisted me in finding what I needed and was very kind and friendly in doing so. I noticed that all customers were receiving the same treatment and seemed just as satisfied as I was. Rite Aid apparently has good prices considering they always have a sales paper out and they are always packed. Customers were not just browsing but buying. While at Rite Aid I noticed that most of their customers were middle ?aged and older. Rite Aid has a variety of products from toys for children to alcoholic beverages for adults. I was amazed at how many products they did carry. I noticed that Rite Aid offers all named brand products in home medical care, and they even offer generic brand drugs at the pharmacy. It was obvious that most customers were there for the pharmacy but this allowed them time shop while waiting. I felt as though the customer?s needs were put first. The pharmacist even spoke with every customer that was receiving medicine and informed them about their prescription so they would be able to take it properly. When it came time for me to check out I had to wait in line for only a second, nothing compared to Wal-Mart. I was very impressed with the cashier and thought she was very patient and friendly. The other customers were treated this way as well.

CVS, Wal-Mart, Medco Health and Rite Aid are Walgreens’ major competitors. Wal-Mart aggressively competes by its use of the $4 generic prescriptions promotion. CVS employs a similar strategy by offering a 90-day supply of generic medications for $9.99. Medco Health also competes with CVS by offering a 90-day supply of medications for a cheaper price than a customer would pay in-store. As of 2008, Walgreens and its major competitors were measured as follows10:

CVS not only offers retail pharmacy but their Minute Clinics. These clinics are filled with nurse practitioners and physician assistants that specialize in family based health care. They offer an abundance of services for minor illnesses and injuries, screenings and monitoring, skin conditions such as eczema or psoriasis, vaccines and injections, wellness and physical exams, travel vaccines, and women services. This is very convenient for patients because they can complete all their health care needs in one central location. They offer the same services you can find at your

As Stephen King ‘s (1973) quote goes, “A product is something that is made in a factory; a brand is something bought by a customer.” My interpretation for the quote is products are commodities products as the final result of the manufacturing process, while brands are a harmonious combination of commodities and a series of emotional connections with customers. In johnson & johnson’s baby powder, the ingredients are talc and fragrance, while Walgreens’ baby power is made of talc and fragrance as well. However, the former price is $2 higher than the later. That’s the price customers paid for brand.

Mirroring its main market competitor, CVS, Walgreens has also added Envision Pharma, a pharmacy-benefit management company, to its portfolio. (CVS acquired Caremark in 2007) (Bells, 2016) Due to previous acquisitions and mergers, Walgreens is currently the most accessible pharmacy retailer in the U.S., servicing 8 million customers each day and filling approximately 894 million prescriptions and immunizations, every year. (Walgreens, n.d.)

Consumer Value Store (CVS) opened in Lowell, Massachusetts in 1963. The company was one of America’s largest retail drugstores and had 4,000 stores and revenue of $24.2 billion by 2002. Generally, a company that serves pharmacy service must emphasize customer’s satisfaction, customer’s safety, and process efficiency. The purpose of CVS is to satisfy consumer’s needs, guarantee the accuracy of filling prescription and the health of customers, and improve the existing pharmacy fulfillment process.