The similarities between CVS and Walgreens are considerable. They each operate in essentially the same markets and offer the same products and services.
However, a recent study by Placer.ai found that they differ in visitor income and CVS attracts larger households and Walgreens serves more singles.
"Although both chains have the potential to attract visitors with a median household income (HHI) of around $70.0K, visitors to CVS come from Census Block Groups (CBGs) with a median HHI of $76K – meaning that visitors to CVS tend to come from the more affluent neighborhoods within CVS's potential trade area," according to the report.
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