- Joined
- Feb 3, 2010
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Ok Forbe's Fortune 500 list just came out http://money.cnn.com/magazines/fortune/fortune500/2013/full_list/ and no secret of what Pharmacy chain ranked the highest- Yes it's CVS at #13. Now Wal-Mart was # 1 overall but majority of Wal-Mart's sales are not from pharmacy. In fact, #13, is the highest rank ever by a Pharmacy Chain.
Now I know CVS has been a target of some bashing in this forum, but guys numbers don't LIE- say what you like about CVS/Caremark as a company and you can say that CVS is awful horrible company, too much focus on metrics etc, but apparently to be on top 13 in Forbes someone in corporate is apparently making some smart business decisions. Keep in mind- majority of CVS across the nation have competitors and for the most part people have the freedom to fill prescriptions anywhere.
The next ranked Pharmacy chain was WAGS which was 37- it actually fell 3 spots down from last year- yes Express scripts hurt them but I can only speak for myself- I have personally retained about 90% or better of my Express Script WAG's customers in spite of WAGS deceptive practices to re-gain the lost customers.
As much as you guys love to hate CVS- you must admit it's actually doing something right- now if only CVS could transfer those profits into tech hours.
Now I know CVS has been a target of some bashing in this forum, but guys numbers don't LIE- say what you like about CVS/Caremark as a company and you can say that CVS is awful horrible company, too much focus on metrics etc, but apparently to be on top 13 in Forbes someone in corporate is apparently making some smart business decisions. Keep in mind- majority of CVS across the nation have competitors and for the most part people have the freedom to fill prescriptions anywhere.
The next ranked Pharmacy chain was WAGS which was 37- it actually fell 3 spots down from last year- yes Express scripts hurt them but I can only speak for myself- I have personally retained about 90% or better of my Express Script WAG's customers in spite of WAGS deceptive practices to re-gain the lost customers.
As much as you guys love to hate CVS- you must admit it's actually doing something right- now if only CVS could transfer those profits into tech hours.