First CVS Pharmacies in Target Stores Open in North Carolina
If you're strolling through the aisles of Target and come across a CVS, don't worry. You didn't suddenly enter a parallel shopping universe.
Target this week announced the opening of the first CVS pharmacy locations in Charlotte, Hickory, Monroe, Morrisville, Raleigh, Matthews and Wesley Chapel. These Target locations are the first to include CVS Pharmacies, which will be handling all of Target's pharmacy-related business.
The switch comes as a part of Target's $1.9 billion sale of its pharmacy space to CVS Health Corp last year. The transition happened overnight with CVS blue replacing Target red and patient information transferred from Target's system to CVS the moment the sale was finalized.
According to the Star Tribune, only about 5 to 7 percent of Target's customers use its in-store pharmacies with the business accounting for about 6 percent of its overall sales. Target's sale of the space will help the company focus on other, more profitable, areas of the business.
The biggest change customers will experience will be using the CVS system for managing their prescriptions instead of Target's. As more stores convert, so will online prescription management. In December Target discontinued their 5 percent discount program, but customers can still redeem any rewards they still have. Customers can instead enroll in CVS' pharmacy rewards program.
The rollout of the new pharmacies is expected to continue for the next six to eight months.