Ideas
Explore the world's #1 largest database of ideas and innovations, with 473,752 inspiring examples.
Trend Reports
Discover why 1,273 brands rely on our AI-powered Trend Reports to get better, faster insights.
Newsletter
Join 308,954 subscribers who rely on our weekly newsletter to keep up with need-to-know trends and insights.
How to Hunt
Learn more about how to hunt megatrends, ideas, patterns and opportunity.
Consumer Insights
Uncover major shifts and emerging opportunities with our exclusive PRO research.
Trend Reports
Discover why 1,273 brands rely on our AI-powered Trend Reports to get better, faster insights.
Newsletter
Join 308,954 subscribers who rely on our weekly newsletter to keep up with need-to-know trends and insights.
How to Hunt
Learn more about how to hunt megatrends, ideas, patterns and opportunity.
Advisory & Services
Accelerate innovation and ignite disruptive thinking with our award-winning programs and research.
Trend Reports
Get fast, customized trend reports, presentations and deep dives 20x faster than traditional research.
Plans
Get started today with a free consultation, our self-serve tools, or a dedicated program.
Articles & Magazine
Get inspired with our 4,220 innovation strategy articles, keynote, videos and innovation tools.
Innovation Awards
Trend Hunter’s Innovation Strategy Awards recognize the best innovation tactics gathered from our interviews with some of the world's most notable business leaders, authors and change makers.
Advisory & Services
Accelerate innovation and ignite disruptive thinking with our award-winning programs and research.
Innovation Assessment
Enhance your innovation potential with a deeper understanding of your unique innovation archetype and how your organization benchmarks.
FuturistU
Prepare for the years ahead with 100+ lessons, tactics, tools and frameworks with our full learning database.
Innovation Books
Join 20,000,000 people getting better and faster with our New York Times Bestselling books and keynote videos.
Jeremy Gutsche
Ignite your event or virtual event with our CEO, a NY Times Bestselling Author and one of the top innovation keynote speakers.
Our Team of Speakers & Virtual Presenters
Inspire your group with our most popular speakers on innovation, trends, change and futurism.
Custom Training & Events
Bring the Future Festival experience directly to your team or co-hosted custom event.
Custom Masterclasses
Join the world's leading brands who leverage our custom programs to accelerate innovation.
FuturistU 5-Day Program
Become a Futurist with our immersive 5-Day program at Future Festival World Summit.
Online eLearning
Learn the fundamentals of futurism and trends with 100+ online courses about innovation.
How to Hunt
Learn more about how to hunt megatrends, ideas, patterns and opportunity.
Contact
Get in touch to learn more, ask a question or submit a tip.
About Us
Learn more about Trend Hunter and how we accelerate innovation.
Follow-Us
Join our 3,500,000 social media followers, on the cutting edge.
How to Hunt
Learn more about how to hunt megatrends, ideas, patterns and opportunity.
FAQ
Get answers to common questions about Trend Hunter.
Community
Stay on the cutting-edge with the help of the Trend Hunter community.
Team
Meet the team trusted by hundreds of leading businesses worldwide.
Jobs
Find opportunities to accelerate your career with the #1 Trend Firm.
News
Catch up on noteworthy Trend Hunter news and media mentions.
Join
Build a portfolio and put your trend-spotting abilities to the test.
Advertising
Supercharge your marketing by partnering with Trend Hunter.
Portfolio
Visit your public portfolio and browse your past articles.
Add a Trend
Write up an article and showcase your trend-spotting skills.
My Trends
Edit your articles and see how they stack up on the leaderboards.
Settings
Edit your profile, connect your social media accounts, and more.
Add a trend, customize your dashboard, or track topics.
Future Festival
Innovation Events
Join the world's top innovators at our in person events.
Free Webinars
Learn to innovate through chaos, navigate the new normal and maintain work culture from home.
Custom Training & Events
Bring the Future Festival experience directly to your team or co-hosted custom event.
Search our database of 473,752 cutting edge ideas.

In-Store Pharmacy Partnerships

The Target Pharmacy Business is Now Operated by CVS

— December 17, 2015 — Business
While the Target pharmacy business was successful in earning more than $4 billion in sales, the retailer has since decided to shut down the operation as a cost-saving measure. Rather than operating its own pharmacy business, Target is having CVS occupy these existing retail spaces in more than 1,500 retail stores.

In the style of Target's "Pay Less" promise to consumers, CVS is also promising to offer low-cost generic drugs to shoppers. Similarly, CVS will be running its own rewards program as a replacement for Target's RedCard. With CVS' new loyalty program in place, Target shoppers will be able to earn discounts with the home goods retailer.

This is not the first time that pharmacy businesses have been sold to CVS, but this cost-saving pharmacy venture promises new benefits for Target shoppers.
Trend Themes
1. In-store Pharmacy Partnerships - Target's partnership with CVS to operate in-store pharmacies presents an opportunity for other retailers to collaborate with established pharmacy chains, reducing costs and expanding customer benefits.
2. Low-cost Generic Drugs - The promise of offering low-cost generic drugs by CVS highlights the growing trend of affordability and accessibility in the pharmaceutical industry, creating opportunities for companies to address the rising demand for affordable healthcare solutions.
3. Pharmacy Loyalty Programs - The implementation of CVS' loyalty program as a replacement for Target's RedCard demonstrates the increasing importance of customer loyalty and retention in the pharmacy retail sector, calling for innovative loyalty programs that deliver personalized rewards and benefits.
Industry Implications
1. Retail - The Target-CVS partnership opens doors for further collaboration between retailers and pharmacy chains, allowing the retail industry to enhance customer experiences and drive additional revenue streams through in-store pharmacies.
2. Pharmaceuticals - The demand for low-cost generic drugs and the evolving landscape of in-store pharmacy operations present a disruptive opportunity for pharmaceutical companies to explore innovative pricing models and distribution strategies.
3. Healthcare - The convergence of retail and pharmacy services, coupled with loyalty programs in the healthcare sector, gives healthcare providers an opportunity to engage patients in a more holistic and convenient way, leading to improved patient outcomes and increased satisfaction.
1.6
Score
Popularity
Activity
Freshness