CVS Sees Food Growing Urban Business
Back in January, 52 percent of respondents to a RetailWire poll
said Walgreens’ plan to introduce fresh and prepared foods into its stores
was a "very
good" or "somewhat good move" for the drugstore chain.
word that Walgreens’ rival CVS is looking to add fresh salads and sandwiches
to stores located in urban areas. About 20 percent of the more than 7,000 stores
operated by CVS are in urban locations.
Dave Denton, chief financial officer
for CVS, said the chain is focused on tailoring product selections to meet
the needs of consumers in specific store locations.
"We have a select group of stores currently reconfigured where we are
tailoring our assortment to how the consumer shops that store," Mr. Denton
News. "One of those items is expanding grocery and different food
products that meet the busy lifestyle of people in those kinds of locations."
Discussion Questions: What will it take for CVS to succeed with the sale
of salads and sandwiches in its urban locations? What other retail channels are
most at risk from drugstores getting into the fresh and prepared foods business?