CNBC August 5, 2019
KEY POINTS
- CVS is expanding its membership program, CarePass, nationwide.
- CVS started testing CarePass last year. Results from the pilot showed 20% of members were millennials.
- Drugstores like CVS and Walgreens are fighting to stay relevant as more people shop on Amazon.
CVS has a plan to win over millennials and it looks a lot like Amazon Prime: free home delivery of products from shampoo to cold medicine, all for an annual membership fee of $48.
CVS announced on Monday its CarePass program will expand nationwide. The company tested the membership in Boston, Philadelphia and Tampa. Consumers pay...
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