CVS VS Walgreens – Which One is Better?

You know there’s just not that many drugstores any more, insured there are Rite Aid and few others. But for many of us, CVS and Walgreens are probably that only two we can name that wasn’t the case twenty plus years ago. But the industry has been consolidating and there are two big ones to come out on top of it. By revenue, Walgreens is the 17th largest US company and CVS is on the number 8. So these numbers indicate the clear picture that it will not         only engage consumers during CVS Black Friday but throughout the year.

Major Difference between CVS & Walgreens

They both have kind of similarities too – the pharmacy section, the retail section. But this is not we’re looking during the big saving days. The biggest difference between both of them is – Acquisitions.

CVS is the size that they are today because they started buying all the competing regional chains. Peoples Drug Store added 490 stores, Revco was another 2600, Eckerd was 1200. Target’s pharmacy just a few years ago added another 1,600 the vast majority of their existing stores were obtained through acquisition.

Here’s what happens with Walgreens. For their first 100 years of expansion all the time under the direction of Charles Walgreens and even a few years beyond, almost all of Walgreen's growth was done by opening their stores. There were few acquisitions, the most notable one probably being the 66 Medi Mart location in 1986 but nothing like CVS was doing. Starting in 2006, CVS started a line of acquisitions with a different purpose.