Last $60.42 USD
Change Today -2.46 / -3.91%
Volume 11.1M
As of 8:04 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
McClatchy-Tribune  08/25/2014 10:33 AM ET
CVS targets October opening for new Duluth store [Duluth News Tribune :: ]

Aug. 25--Construction of a CVS pharmacy at 12th Avenue East and Superior Street in Duluth is heading for the finish line.

"We're on track to open in early October," said CVS spokesman Mike DeAngelis. "We'll know next month."

An October opening will come nearly a year after site work began. That's much longer than the usual four or five months it typically takes to build a CVS store. But soon after site work began on the block-long project, extreme winter weather descended on Duluth without releasing its grip for months.

Work was shut down for 3 1/2 months, a supervisor with Copeland General Contractors, the project's general contractor, confirmed last spring.

By April, work had resumed, and the store took shape over the summer.

At 13,000 square feet, it will be the standard size for a CVS store and have a pharmacy drive-thru. The hiring of about 20 employees for the 24-hour store will get started soon, he said.

"We normally start 45 days from opening," DeAngelis said.

CVS, a relatively new entry to the Twin Ports market, opened its first two local stores in Superior and West Duluth two years ago.

The Plaza store will be its third store, but it was supposed to be its first. The property acquisitions -- including a gas station, house and the Plaza strip mall -- and the buyout of mall leases took longer than expected. And the holdout of one tenant, the Beijing Restaurant, delayed construction for up to two years.

Construction also was hampered by contaminated soil on the site, mostly from old fuel oil that had leaked from the house.

Like the West Duluth store, the upcoming Plaza CVS is directly across the street from a Walgreens store. It's a company strategy to open in prime locations already identified by industry giant Walgreens, thereby creating pharmacy shopping hubs.

But how is the new West Duluth CVS faring against busy Walgreens?

"We're very happy with how the new stores are performing," DeAngelis said. "They're performing to expectations. Any store needs time to grow its customer base."

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
WAG:US $60.42 USD -2.46

Industry News

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact WALGREEN CO, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.