The news: Pharmacy retail brands continue to stumble with consumers. CVS and Walgreens both saw their consumer reputations plummet in the 2025 Axios-Harris Poll 100.
- CVS dropped to 57th place in the survey of the most visible US brands, down from 36th last year.
- Walgreens fell to 65th place, down from 51st last year.
- Both companies have fallen in ratings for two consecutive years: CVS dropped 17 spots and Walgreens fell 12 places in 2024.
Driving the news: CVS and Walgreens are closing stores and cutting jobs and services, which likely contribute to consumer dissatisfaction. Increased theft in drugstores is causing pharmacies to lock up more items, further frustrating shoppers.
Why it matters: More consumers are willing to use online pharmacies, but pharmacies and especially pharmacists are still important in community healthcare.
While consumers think poorly of big pharmacy chains, they trust the pharmacists who work inside the stores.
Consumers are also concerned about pharmacy closings.
Retail pharmacy’s pivot: The current pharmacy model with a large retail store in the front and pharmacy in the back isn’t working. Both CVS and Walgreens reported declining front-of-store sales in 2024 and are experimenting with smaller-footprint stores focused on health and wellness and pharmacy services.