Fact Based List:
USA Today: 5 reasons why Target sold pharmacy biz to CVS
Submitted by Clive Riddle on Fri, 06/19/2015 - 09:47
- Complexity. The health care business is exceedingly complex - Target's primary business is selling consumer goods
- Profitability. Target's pharmacy business was losing money.
- Lack of scale. Target is big, but its real estate footprint is not as wide as CVS'.
- Focus. Target has other priorities that have taken on more urgency.
- Foot traffic. Executives believe Target will reap higher foot traffic from CVS customers
Source: USA Today, June 15, 2015
Source URL: http://www.usatoday.com/story/money/2015/06/15/target-cvs-ph...
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