Thursday, October 18, 2012

Personal Finance News Thursday 10/18

Phil's Personal Finance Tip of the Day:

Face-Off: CVS vs. Walgreens
By Angela Colley | Money Talks NewsWed, Oct 17, 2012 1:27 PM EDT

Retail giant Walgreens has nearly 8,000 locations in the U.S., and CVS has approximately 7,400.

With so many stores nationwide, it’s no surprise that both chains are raking in sales. CVS rang in $107 billion in revenue in 2011, compared to Walgreens’ $72 billion, according to the latest Fortune 500 report. But when it comes to the consumer, which drugstore is cheaper?

I recently set out to compare prices at both drugstores. Then I also factored in prices at big-box retailer Walmart and online merchant Drugstore.com, which was acquired by Walgreens in 2011 but offers different prices on many items. Here’s what I found:

1. Over-the-counter drugs

Considering drugstores have the word drugs in their name, you would think they’d be the cheapest on over-the-counter medicines. But I found a better deal elsewhere on an 80-count package of Advil

Liqui-Gels.

Drugstore prices:

  • Walgreens – $10.99
  • CVS – $10.99
Compared to:
  • Walmart – $7.97
  • Drugstore.com – $12.59
Walgreens and CVS tied; Walmart came out on top.
 
To read the entire article from Angela Colley | Money Talks News:
http://finance.yahoo.com/news/face-off-cvs-vs-walgreens-180840516.html

Inspirational Quotes@Inspire_Us from Twitter:
If we did all the things we are capable of, we would literally astound ourselves. -Thomas Edison  


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