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Retail Changes: Grocery Store Publix Announces Entry into Virginia; CVS Health to Take Over Target In-Store Pharmacies

Michael Campbell February 3, 2016 National News, Virginia News
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VIRGINIA – The retail landscape is slated to have some changes and additions across the Commonwealth thanks to two unrelated announcements that could mean more offerings and options for area shoppers.

Tuesday, Florida-based grocer Publix announced their intentions to establish stores in Virginia, selecting Bristol in Washington County for a 54,000 square feet facility and the Metro-Richmond area of Glen Allen in Henrico for a slightly smaller 49,000 square foot grocery store.

According to the company, grand opening dates for both stores have not been determined but, they did stress the Bristol store is “tentatively planned” to open for shoppers in the fourth quarter of 2017, with the Glen Allen store following behind it, opening in 2018.

“Being company owners, our associates continue to work diligently to exceed our customers’ expectations, which has allowed Publix to experience continued growth,” Publix CEO Ed Crenshaw said in a statement Tuesday. “As we enter new markets and continue to open new stores, our associates prepare for new opportunities which supports our culture of promotion from within.

“We look forward to providing the great state of Virginia with the high quality service and products that our customers have come to expect and that have earned us recognition throughout the industry,” Crenshaw closed.

Virginia marks the seventh state of operation for the company. Publix opened its first North Carolina store in 2014 and is continuing to grow in its current markets of North Carolina, Florida, Georgia, Alabama, and Tennessee.

In addition to another grocery chain entering the Metro-Richmond area, joining stores such as Wegman’s & ALDI, shoppers at Target stores will notice some changes over the next six to eight months after the Minnesotan company announced the completed acquisition of Target’s Pharmacy & Clinic businesses by CVS Health, operators of CVS/Pharmacy.

In a statement Wednesday, Target officials explained that, as each pharmacy and clinic location inside their stores are rebranded, shoppers will have access to CVS Health’s pharmacy programs and retail medical clinic services.

As part of the deal, Target Pharmacy guests have already been moved to the CVS Health network, with employees of those pharmacies and clinics serving as employees of CVS Health now.

“Today’s milestone in our relationship with CVS Health is an important step in driving Target’s strategic priorities forward while giving our guests easy access to industry-leading health care services,” remarked Brian Cornell, Chairman and CEO of Target. “With the transition now underway, Target can further accelerate our commitment to Wellness as a signature category, helping guests and team members in their efforts to eat better, be more active and find natural and clean label products.”

CVS Health acquired all of Target’s 1,672 pharmacies spread across 47 states, including 50 stores located in Virginia. Those pharmacies will be operated in a “store-within-a-store” format, fully branded as CVS/pharmacy.

Seventy-nine Target clinic locations will be rebranded as MinuteClinic, and CVS Health will open up to 20 new clinics in Target stores within three years of the close of the transaction.

“We look forward to helping Target guests on their path to better health through CVS Health’s leading clinical programs, such as Maintenance Choice, Pharmacy Advisor and Specialty Connect,” said Larry Merlo, CVS Health President and CEO. “In addition, with the Target acquisition we will leverage our unique integrated business model and our scale to drive incremental sales volume and operating profit for the enterprise while providing convenience and cost savings to consumers and payors.”

No specific timetable has been announced for the transition within area stores but Target notes that they are “gradually rebranding and remodeling” every Target Pharmacy to a CVS/pharmacy, a process they expect to take “six to eight months to complete.”

This transition and remodel is not expected to impact customer services.

There are two Target stores in the immediate area, located in Colonial Heights’ Dimmock Square shopping center near Southpark Mall and in Chesterfield County along Jefferson Davis Highway (U.S. Route 1)

Copyright 2016 by Hermes Publications

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