Why Are Cvs And Walgreens Always Together? (Solved)
CVS and Walgreens, which have thousands of locations across the United States, are two major drugstore chains.
Is CVS owned by Walgreens and CVS?
CVS Health and Walgreens are not owned by the same people. CVS Health controls CVS Health while Walgreens belongs to the Walgreens Boots Alliance.
Which Chain was First Established?
Walgreens was established 120 years ago in Chicago (Illinois), U.S. CVS, on the other hand, was started in 1963 in Lowell (Massachusetts), U.S.
We can therefore see that Walgreens was the first to open (a lot sooner than CVS).
What is the most profitable store? CVS or Walgreens
CVS reported an income of around $1.5 Billion during its 3rd Quarter 2019, while Walgreens posted net earnings in excess of $677 M during its 4th Quarter.
This shows clearly that CVS is the more profitable of the two stores.
What Chain has More Total Stores?
Walgreens is home to close 18750 shops around the world. There are also 9,200+ U.S. stores. CVS has 9900 stores across the U.S.
Which Chain Fills More Prescriptions?
CVS filled over 352,000,000 prescriptions in its third quarter 2019. Walgreens only filled 283 million of those prescriptions.
For more information about Walgreens you can check out our other posts. These include why Walgreens costs so much, whether Walgreens has a franchise and some fascinating Walgreens statistics.
Conclusion: CVS & Walgreens Are Always Together
Hotelling’s laws dictates that Walgreens or CVS will always be located near each other. It is because businesses selling similar products tend to cluster together to maximize market share. Customers will undoubtedly visit the same place, so it’s a good idea to be located together.
.Why Are Cvs And Walgreens Always Together? (Solved)