DISCUSSION QUESTIONS: Will CVS be a stronger drugstore retailer as a result of its plan to close 900 stores, operate three distinct formats and utilize a different executive leadership model? Do you see this strategy as more of an offensive or defensive move?
Interactive Edge’s CEO, Zel Bianco comments, featured on RetailWire’s Braintrust:
CVS to close stores and create new formats in health push
Of course it remains to be seen if these changes will be successful or not but, for my money, I would rather go to a CVS Health to get prescriptions, flu shots, etc. than a regular CVS. If you walk the aisles of CVS, there are very few food products that are actually healthy. For the most part, foods that are loaded with sugar that do not contribute to good health. It just seems out of whack. If CVS wants to be the “go to” health destination, it needs to make a bold move, and this proves that they do. Not selling cigarettes is not enough.