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CVS Retail Pharmacy Market Analysis

426 Words2 Pages

CVS retail stores sell prescription drugs and a wide assortment of general merchandise, including over-the-counter (OTC) drugs, beauty products, cosmetics, photo finishing, seasonal merchandise, greeting cards and convenience foods. The company also operates an online pharmacy. Additionally, it operates retail specialty pharmacies that support individuals that require complex and expensive drug therapies.
In 2013, CVS earned $123 billion in revenues. It filled 718 million prescriptions that accounted for over 20% of the U.S. retail pharmacy market. In order to expand its retail pharmacy network, CVS allots a 20% of its operating profits towards capital expenditure (n.d. 2013).
Historically the company has followed an expansion and growth

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