CVS’ COVID-19 Response Gave Them Q1 Success

 

Even with the pandemic, drugstore chain CVS had an sales-heavy Q1. Its same-store pharmacy sales went up 9.3%, and same-story front-of-store sales rose 8%. Prescription volume wasn’t immune to growth either, up by nearly 10%. Why, where as other drugstores are struggling, is CVS succeeding?

On this episode of Business Casual’s Secure The Bag, host Taylor Bagley lays out how CVS has reshaped its business during the pandemic to stay afloat and record successful Q1 sales. Bagley breaks down…

  • How an increase in customer’s 90-day prescription refills and shopping sprees gave the company an early boost
  • Why Walgreens isn’t feeling the same success
  • CVS’ role in drive-thru testing sites for COVID-19
  • Chief Executive Larry Merlo’s thoughts on what set CVS up for continued success

For the latest news, videos, and podcasts in the Healthcare Industry, be sure to subscribe to our industry publication.

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Latest

IC System's dedicated team
IC System – Meet Our Collectors
November 29, 2023

At IC System, the language of empathy speaks louder than the transactions of debt collection. In a compelling video feature, IC System’s dedicated team casts a spotlight on their unique approach—combining heartfelt empathy with innovative solutions to navigate the often challenging landscape of financial obligations. IC System champions a path of compassion, delving deep […]

Read More
IC System team members
Why Nice People Work at IC System
November 29, 2023

This video highlights one of the core values that drives IC System – People. Hear from IC System team members as they share their experiences and insights on how IC cultivates a family-like atmosphere built on genuine human connection. Key takeaways: People come first: IC focuses on building strong relationships, both with customers and […]

Read More
Architectural Specifications
Draper Adds Architectural Specifications Manager in South Central U.S.
November 29, 2023

(Spiceland, Ind.) – Draper, Inc., has announced the addition of an Architectural Specifications Manager for the south-central United States. Jay Linville joins Draper after more than 30 years of experience working with the architectural community—including major players in the commercial window shading industry. “Jay’s experience working with architects specifying solar control solutions for major commercial […]

Read More