CVS just closed some of its worst stores in the past 3 mos. So, for a time, CVS market share is less.
However, don't be dumb. Market share is not where it is at. Profits will ultimately be the chief thing! Obviously, in Illinois, CVS market share is wumping up vs. Walgreens. Why? CVS was not even in IL a bit over a year ago. Now there are dozens of stores. If this keeps up, WAG's market share in IL could drop to zero.
The important matter is profitable HEAD TO HEAD competition. Adjustments to those like CVS are "like a knight putting on improved armor".
True, CVS does not have the "royal touch" of WAG. But, is that day OVER! I think the "no competition" days of the "royal one" are over. Think about the movie, "A Knight's Tale." Who is going to win! I think CVS is a winner!
"CVS was not even in IL a bit over a year ago. Now there are dozens of stores. If this keeps up, WAG's market share in IL could drop to zero".
Has there ever been a dumber statement made in the history of this board. Yep the 350 Chicagoland stores averaging 7.0 to 8.0 million per store are really worried with these 20 new CVS stores doing about 1.5 million, I see bankruptcy around the corner. The only thing dropping to zero PCM is your IQ.