CVS Pharmacy: Evolving Customer Loyalty Programs and Creating a More Convenient Customer Experience

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In 1963, Consumer Value Stores was founded in Lowell, MA, providing customers with health and beauty products. The company name changed to CVS by the end of its first year in business, and by 1967, pharmacies began to appear within its stores. The brand focused on healthcare, and huge growth followed through multiple acquisitions and the establishment of new locations.

In the early 2000s, CVS Pharmacy launched ExtraCare®, its first loyalty program, and experienced much success in the loyalty space. By 2018, the brand acquired Aetna, and this development supercharged and accelerated CVS’ goal of helping customers with health and wellness goals. CarePass® — the brand’s premium program — was launched in 2019, driving loyalty efforts and creating more convenience for shoppers, and in December 2023, the brand scaled same-day delivery nationwide.

Mark Johnson, CEO of Loyalty360, spoke with Zach Dennett, Vice President of Loyalty, Omnichannel and Hispanic Formats, CVS Health, about the brand’s premium customer loyalty program tier, customers engaging with the brand digitally before shopping in-store, and how the customer experience should be personalized, but not overtly obvious.
Read the full article on Loyalty360 here: https://loyalty360.org/content-gallery/in-depth-exclusives/cvs-pharmacy-evolving-customer-loyalty-programs-and-creating-a-more-convenient-customer-experience

Chapters

1. CVS Pharmacy: Evolving Customer Loyalty Programs and Creating a More Convenient Customer Experience (00:00:00)

2. Evolution of Loyalty Programs at CVS (00:00:05)

3. Enhancing Customer Loyalty Through Personalization (00:13:01)

4. Customer Data Personalization and Enhancements (00:28:37)