CVS To Open Small Format Drugstores

[Alpha8472]

A dozen or more 5,000 square feet or less stores will be opened.

https://www.supermarketnews.com/grocery ... mat-stores

[HoustonRetail]

A dozen or more 5,000 square feet or less stores will be opened.

https://www.supermarketnews.com/grocery ... mat-stores

I wonder if any of these will be shrunk down regular locations. They've been trying that in a few markets, leasing the former store space to clinics.

[storewanderer]

I've been saying these chains need to do this.

As rapidly as they can exit leases.

I'd like to see consolidations of multiple stores into a single 5k square foot pharmacy that is well staffed, doesn't close for lunch, more robotic fill equipment, has longer hours, has dedicated vaccine staff for those who want them, and has a strong drug inventory on hand at all times. I think this could really help their image.

[buckguy]

Oddly, they've recently closed a couple stores just a bit larger than these in DC. Both were locations with a lot of daytime foot traffic, and employment which is where you'd expect small stores to generate volume. One had limited hours, the other didn't as it also had foot traffic in the evening.

[babs]

I've been saying these chains need to do this.

As rapidly as they can exit leases.

I'd like to see consolidations of multiple stores into a single 5k square foot pharmacy that is well staffed, doesn't close for lunch, more robotic fill equipment, has longer hours, has dedicated vaccine staff for those who want them, and has a strong drug inventory on hand at all times. I think this could really help their image.

Some of the existing larger drugstores could be downsized and the excess space leased out to others. Might be a faster way to downsize and make some money off the space. In the old days, I would have said a bank or cell phone store would have been a complementary tenant. Not sure who would be the ideal co-tenant today.

[veteran+]

I've been saying these chains need to do this.

As rapidly as they can exit leases.

I'd like to see consolidations of multiple stores into a single 5k square foot pharmacy that is well staffed, doesn't close for lunch, more robotic fill equipment, has longer hours, has dedicated vaccine staff for those who want them, and has a strong drug inventory on hand at all times. I think this could really help their image.

I was going to give you credit for this idea when I read about it but came to the conversation late.

Kudos to you cuz you nailed it

[Alpha8472]

I've been saying these chains need to do this.

As rapidly as they can exit leases.

I'd like to see consolidations of multiple stores into a single 5k square foot pharmacy that is well staffed, doesn't close for lunch, more robotic fill equipment, has longer hours, has dedicated vaccine staff for those who want them, and has a strong drug inventory on hand at all times. I think this could really help their image.

Some of the existing larger drugstores could be downsized and the excess space leased out to others. Might be a faster way to downsize and make some money off the space. In the old days, I would have said a bank or cell phone store would have been a complementary tenant. Not sure who would be the ideal co-tenant today.

For tenants: Starbucks, Jamba Juice, Warby Parker, Eye Doctor, Nail Salon, Hair Salon.

Does Walmart still have nail salons and hair salons? Macy's and JCPenney used to have beauty salons. JCPenney used to have Optical and eye doctors. Are those still around?

Sears had Watch Repair, Tax Service, and a Dentist.

[jamcool]

Walmart rents space for nail salons, hair salons, bank branches.

[jamcool]

I've been saying these chains need to do this.

As rapidly as they can exit leases.

I'd like to see consolidations of multiple stores into a single 5k square foot pharmacy that is well staffed, doesn't close for lunch, more robotic fill equipment, has longer hours, has dedicated vaccine staff for those who want them, and has a strong drug inventory on hand at all times. I think this could really help their image.

Some of the existing larger drugstores could be downsized and the excess space leased out to others. Might be a faster way to downsize and make some money off the space. In the old days, I would have said a bank or cell phone store would have been a complementary tenant. Not sure who would be the ideal co-tenant today.

For tenants: Starbucks, Jamba Juice, Warby Parker, Eye Doctor, Nail Salon, Hair Salon.

Does Walmart still have nail salons and hair salons? Macy's and JCPenney used to have beauty salons. JCPenney used to have Optical and eye doctors. Are those still around?

Sears had Watch Repair, Tax Service, and a Dentist.

And an Allstate insurance office. Remember Sears Savings Bank? They had offices in Sears.

[babs]

Some of the existing larger drugstores could be downsized and the excess space leased out to others. Might be a faster way to downsize and make some money off the space. In the old days, I would have said a bank or cell phone store would have been a complementary tenant. Not sure who would be the ideal co-tenant today.

For tenants: Starbucks, Jamba Juice, Warby Parker, Eye Doctor, Nail Salon, Hair Salon.

Does Walmart still have nail salons and hair salons? Macy's and JCPenney used to have beauty salons. JCPenney used to have Optical and eye doctors. Are those still around?

Sears had Watch Repair, Tax Service, and a Dentist.

And an Allstate insurance office. Remember Sears Savings Bank? They had offices in Sears.

Yes, the Sears Financial Center...Allstate, Dean Witter, and Coldwell Banker! I'm sure it made sense to someone at that time but sure looks like an odd combo in a department store today.